About Altisource Business Solutions Private Limited
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Altisource Business Solutions Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Altisource Asia Holdings Ltd I. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 06 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2007PTC054134. Its GSTIN is 27AAACO9467A1ZF (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹2.1 Cr. It was formerly known as Ocwen Business Solutions Private Limited. It is led by directors including Somnath Mitra (Whole-Time Director) and Deepak Bhutani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Vaishnavi Tech Park Ground Floor Tower C Outer Ring Road Bellandur, Bengaluru, Karnataka, India – 560103.
As per the financials filed for FY 2025, the company reported a revenue of ₹154.28 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹14.32 Cr (net margin 9.3%) and EBITDA of ₹24.25 Cr (EBITDA margin 15.7%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 21% over five years.
The company has about 882 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Altisource. As per MCA filings, the company has open charges of ₹20 Lakh and satisfied charges of ₹6.75 Lakh on record. Court records list 25 cases involving the company, including 11 filed by the company and 14 filed against it; 10 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹29.14 Cr; the latest was in August 2009. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 28 overdue payments to 11 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website altisource.com.
Company details
CIN history
Altisource Business Solutions has one previous CIN (Corporate Identification Number): U74900GA2007PTC005401. The current CIN is U74900KA2007PTC054134, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900KA2007PTC054134 | Current |
| U74900GA2007PTC005401 | Previous |
Contact details
Altisource Business Solutions Private Limited's registered office is in Bengaluru, Karnataka. Its website is altisource.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVaishnavi Tech Park Ground Floor Tower C Outer Ring Road Bellandur, Bengaluru, Karnataka, India – 560103
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Altisource Business Solutions Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Altisource Business Solutions operates one associated brand: Altisource. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Altisource is recognized as a trusted provider of mortgage and real estate solutions. | altisource.com |
Business activity
The main business activity of Altisource Business Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Altisource Business Solutions Private Limited, buy the company report.
Financials of Altisource Business Solutions Private Limited
FY 2025 filings availableAltisource Business Solutions Private Limited reported revenue of ₹154.28 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over five years, including a 5% fall in the latest year. EBITDA rose 5% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹24.25 Cr | ||||
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| Net Profit (PAT) | ₹14.32 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 15.7% | ||||
| Net Profit Margin | 9.3% | ||||
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To see the full financial statements and ratios of Altisource Business Solutions Private Limited, buy the company report.
Board of directors of Altisource Business Solutions Private Limited
Altisource Business Solutions has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Somnath Mitra | Whole-Time Director | 04 May 2022 | 4 Years 5 Months | Current |
| Gregory James Ritts | Director | 27 Mar 2020 | 6 Years 6 Months | Current |
| Matias Emilio Canibe Renaud | Director | 14 Jul 2020 | 6 Years 3 Months | Current |
| Deepak Bhutani | Whole-Time Director | 25 Apr 2025 | 1 Years 5 Months | Current |
Auditor
Altisource Business Solutions Private Limited is audited by S G C O & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S G C O & Co. LLP | FY 2023 | 112081W/W100184 |
Shareholding
The shareholding of Altisource Business Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Altisource Business Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jan 2023 | 100663011 | The Hongkong and Shanghai Banking Corporation Limited | ₹20 Lakh | Open | |
| 06 Jan 2015 | 10559352 | Citi Bank N.A. | ₹6.75 Lakh | Satisfied |
To see the full charge records of Altisource Business Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Altisource Business Solutions Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹29.14 Cr; the latest was in August 2009.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2009 | Secondary share transfer | Undisclosed | Buyer: Ocwen Asia Holdings Limited Seller: Oewen Asia Holdings Limited |
| Aug 2009 | Funding round | ₹24.35 Cr | Investors: Oewen Asia Holdings Limited |
| Apr 2008 | Funding round | ₹4.8 Cr | Investors: Oewen Asia Holdings Limited |
| Apr 2008 | Secondary share transfer | Undisclosed | Buyer: Oewen Asia Holdings Limited Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Altisource Business Solutions Private Limited has 25 court cases on record: 11 filed by Altisource Business Solutions, 14 filed against it. 10 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 10 | 10 |
| District courts | 6 | 4 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (CARAP) | Filed by the company against Wadhwa Group Holdings Pvt. Ltd. | Disposed |
| High Court of Karnataka | Court case (MFA) | Filed by the company against Vikas Telecom Limited | Disposed |
| High Court | Tax appeal | Filed against the company by The PR. Commissioner of Income-Tax, Y V Raviraj and 1 other | Pending |
| High Court | Tax appeal | Filed against the company by The PR Commissioner of Income Tax and 1 other | Pending |
| High Court | Tax appeal | Filed against the company by The PR. Commissioner of Income Tax and 1 other | Pending |
To see the full case history of Altisource Business Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Altisource Business Solutions Private Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 28 overdue payments to 11 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Peoplestrong Technologies Private Limited | |||
| Happy Visitors Esolutions Private Limited | |||
| Cbensol | |||
| Paysquare Consultancy Limited | |||
| an individual supplier |
To see the full MSME payment records of Altisource Business Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Altisource Business Solutions Private Limited has a workforce of 882 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Altisource Business Solutions has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACO9467A1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Altisource Business Solutions Private Limited, buy the company report.
Recent activity
Altisource Business Solutions Private Limited has 36 board changes on record since 2007: 20 appointments and 16 cessations. The latest: Sanjib Kumar Prusty ceased to be Whole-Time Director on 16 May 2025.
30 earlier events are in the company report.
News
Frequently asked questions
Altisource Business Solutions is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 06 August 2007 (19+ years old) and is registered under CIN U74900KA2007PTC054134.
Altisource Business Solutions has 4 current directors:
- Somnath Mitra - Whole-Time Director
- Deepak Bhutani - Whole-Time Director
- Gregory James Ritts - Director
- Matias Emilio Canibe Renaud - Director
The latest financial statements of Altisource Business Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Altisource Business Solutions is 27AAACO9467A1ZF, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Altisource Business Solutions is U74900KA2007PTC054134. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Altisource Business Solutions has 25 court cases on record: 11 filed by the company and 14 filed against it. 10 are pending. Most are in the high courts.
Altisource Business Solutions was incorporated on 06 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Altisource Business Solutions has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹29.14 Cr; the latest was in August 2009.
Sanjib Kumar Prusty ceased to be Whole-Time Director on 16 May 2025. Deepak Bhutani was appointed as Whole-Time Director on 25 Apr 2025. Shibu Thomas ceased to be Whole-Time Director on 17 May 2022. Altisource Business Solutions has 36 board changes on record in total.
Altisource Business Solutions has 12 MSME Form 1 returns on record between 2019 and 2024, listing 28 overdue payments to 11 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Altisource Business Solutions can be reached through the website altisource.com. Its registered office is in Bengaluru, Karnataka, India.