About Altius Finserv Private Limited
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Altius Finserv Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 30 July 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1993PTC073246. Its GSTIN is 27AAACU3953D2ZF (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹13.17 Cr. It was formerly known as Upvan Securities Pvt Ltd. It is led by directors Pawan Kumar Bansal (Managing Director) and Raj Kumar Jain.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹40.81 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹25.46 Cr (net margin 62.4%) and EBITDA of ₹35.23 Cr (EBITDA margin 86.3%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 94% over five years.
The company has about 9 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹67.5 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website altiusfin.co.in.
Company details
Contact details
Altius Finserv Private Limited's registered office is in Mumbai, Maharashtra. Its website is altiusfin.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC – 105 10th Floor Plot – 210 C Wing Mittal Tower Barrister Rajani Patel Marg Nariman Poi, Nt, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Altius Finserv 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
Business activity
The main business activity of Altius Finserv is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Altius Finserv Private Limited, buy the company report.
Financials of Altius Finserv Private Limited
FY 2025 filings availableAltius Finserv Private Limited reported revenue of ₹40.81 Cr (down 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 38% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 94%. EBITDA fell 42% 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 | ₹35.23 Cr | ||||
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| Net Profit (PAT) | ₹25.46 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 86.3% | ||||
| Net Profit Margin | 62.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Altius Finserv Private Limited, buy the company report.
Board of directors of Altius Finserv Private Limited
Altius Finserv has 2 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawan Kumar Bansal Also directs: Altius Global Finance Private Limited | Managing Director | 21 Sep 2009 | 17 Years 1 Months | Current |
| Raj Kumar Jain Also directs: Borosil Renewables Limited | Director | 16 Dec 2009 | 16 Years 10 Months | Current |
Auditor
Altius Finserv Private Limited is audited by VMRS & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VMRS & Co | FY 2022 | 122750W |
Shareholding
The shareholding of Altius Finserv Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Altius Finserv Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 2024 | 100882987 | Axis Bank Limited | ₹67.5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Altius Finserv Private Limited has 8 court cases on record: 6 filed by Altius Finserv, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 0 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company against Ahm Investments Private Limited | Disposed |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by The Deputy Commissioner of Income Tax 4 (3)(1) and 1 other | Disposed |
| Supreme Court | Appeal | Filed against the company by The Deputy Commissioner of Income Tax - 4(3)(1) | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The Deputy Commissioner of Income Tax- 4( and 4 others | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The Deputy Commissioner of Income Tax - 4( and 4 others | Disposed |
To see the full case history of Altius Finserv 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 Altius Finserv Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Altius Finserv has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Altius Global Finance Private Limited | U70100MH2010PTC202374 |
To see the full group structure of Altius Finserv Private Limited, buy the company report.
Employees & EPFO
Altius Finserv Private Limited has a workforce of 9 employees on its EPFO records as of May 2026.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 9 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Altius Finserv Private Limited, buy the company report.
GST
Altius Finserv has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACU3953D2ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Altius Finserv Private Limited, buy the company report.
Recent activity
Altius Finserv Private Limited has 10 board changes on record since 2009: 2 appointments and 8 cessations. The latest: Ashok Kumar Gupta ceased to be Additional Director on 02 Aug 2014.
2 earlier events are in the company report.
Frequently asked questions
Altius Finserv is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 30 July 1993 (33+ years old) and is registered under CIN U67120MH1993PTC073246.
Altius Finserv has 2 current directors:
- Pawan Kumar Bansal - Managing Director
- Raj Kumar Jain - Director
The latest financial statements of Altius Finserv on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Altius Finserv is 27AAACU3953D2ZF, 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 Altius Finserv is U67120MH1993PTC073246. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Altius Finserv has 8 court cases on record: 6 filed by the company and 2 filed against it. Most are in the high courts.
Altius Finserv was incorporated on 30 July 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashok Kumar Gupta ceased to be Additional Director on 02 Aug 2014. Hari Das Khunteta ceased to be Director on 31 Jul 2014. Sharad Saboo ceased to be Director on 15 Feb 2012. Altius Finserv has 10 board changes on record in total.
Altius Finserv can be reached through the website altiusfin.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Altius Finserv is at C – 105 10th Floor Plot – 210 C Wing Mittal Tower Barrister Rajani Patel Marg Nariman Poi, Nt, Mumbai, Maharashtra, India – 400021.
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