Altitude Solutions Private Limited
About Altitude Solutions Private Limited
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Altitude Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 13 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2009PTC192343.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors Jagdish Chatrabhuj Manek and Chhayesh Hanumantha Gajula.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 17/18 Neelkanth Nilayam 9th Road Chembur, Mumbai, Maharashtra, India – 400071.
As per the financials filed for FY 2017, the company reported a revenue of ₹3.8 Lakh, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹335 (net margin 0.1%) and EBITDA of ₹495 (EBITDA margin 0.1%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years.
As per MCA filings, the company has satisfied charges of ₹1 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Altitude Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address17/18 Neelkanth Nilayam 9th Road Chembur, Mumbai, Maharashtra, India – 400071
- IndustryInformation Technology, Other Computer Related Activities
To see the full contact details of Altitude 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
Financials of Altitude Solutions Private Limited
FY 2017 filings availableAltitude Solutions Private Limited reported revenue of ₹3.8 Lakh (up 1% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 18%. EBITDA rose 50% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹3.8 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹495 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹335 | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.1% | ||
| Net Profit Margin | 0.1% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Altitude Solutions Private Limited, buy the company report.
Board of directors of Altitude Solutions Private Limited
Altitude Solutions has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagdish Chatrabhuj Manek Also directs: Vrukshavalli Plantation Private Limited, Avni Foods Private Limited, SVM Bamboo Ply Private Limited and 2 more | Additional Director | 10 Sep 2015 | 11 Years 1 Months | Current |
| Chhayesh Hanumantha Gajula | Additional Director | 20 Feb 2014 | 12 Years 8 Months | Current |
Auditor
Altitude Solutions Private Limited is audited by PRAKASH PATIL & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRAKASH PATIL & ASSOCIATES | FY 2017 | 112866 |
Shareholding
The shareholding of Altitude Solutions Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Altitude Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2010 | 10229320 | State Bank of India | ₹1 Cr | Satisfied |
To see the full charge records of Altitude Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Altitude Solutions Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by State Bank of India Th Mr. Rajan M Sontakke | Disposed |
To see the full case history of Altitude 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
No delayed payments to MSME suppliers are on our record for Altitude Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Altitude Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Altitude Solutions Private Limited has 10 board changes on record since 2010: 2 appointments and 8 cessations. The latest: Jagdish Chatrabhuj Manek was appointed as Additional Director on 10 Sep 2015.
3 earlier events are in the company report.
Frequently asked questions
Altitude Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 13 May 2009 (17+ years old) and is registered under CIN U72900MH2009PTC192343.
Altitude Solutions has 2 current directors:
- Jagdish Chatrabhuj Manek - Additional Director
- Chhayesh Hanumantha Gajula - Additional Director
The latest financial statements of Altitude Solutions on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Altitude Solutions is U72900MH2009PTC192343. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Altitude Solutions has 1 court case on record: 1 filed against it.
Altitude Solutions was incorporated on 13 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Jagdish Chatrabhuj Manek was appointed as Additional Director on 10 Sep 2015. Kartik Jagdish Manek ceased to be Additional Director on 28 Feb 2014. Jagdish Chatrabhuj Manek ceased to be Additional Director on 21 Feb 2014. Altitude Solutions has 10 board changes on record in total.
The registered office of Altitude Solutions is at 1718 Neelkanth Nilayam 9th Road Chembur, Mumbai, Maharashtra, India – 400071.
Altitude Solutions operates in the information technology industry, in the other computer related activities segment.
Altitude Solutions has no open charges and satisfied charges of ₹1 Cr as per latest MCA filings.