About Altop Ishichi Solutions and Projects Private Limited
Data last updated:
Altop Ishichi Solutions and Projects Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 22 June 2012.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2012PTC232521. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Brian Castelino Hilary and Prakash Dattatraya Naringrekar (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at A – 53 Ttc Industrial Area MIDC Mahape, Navi Mumbai, Maharashtra, India – 400709.
As per the financials filed for FY 2020, the company reported a revenue of ₹5.47 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net profit of ₹16.17 Lakh (net margin 3%) and EBITDA of ₹20.02 Lakh (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 107% over five years.
As per MCA filings, the company has open charges of ₹25 Lakh on record. Court records list 7 cases involving the company, including 7 filed against it; 4 cases are pending.
The last known website on record is altopsolutions.com.
Company details
Contact details
Altop Ishichi Solutions and Projects Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is altopsolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 53 Ttc Industrial Area MIDC Mahape, Navi Mumbai, Maharashtra, India – 400709
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of Altop Ishichi Solutions and Projects 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 Altop Ishichi Solutions and Projects is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Altop Ishichi Solutions and Projects Private Limited, buy the company report.
Financials of Altop Ishichi Solutions and Projects Private Limited
FY 2023 filings availableAltop Ishichi Solutions and Projects Private Limited reported revenue of ₹5.47 Cr (down 47% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 47% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 107%. EBITDA fell 43% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹5.47 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹20.02 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.17 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.7% | ||||
| Net Profit Margin | 3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Altop Ishichi Solutions and Projects Private Limited, buy the company report.
Board of directors of Altop Ishichi Solutions and Projects Private Limited
Altop Ishichi Solutions and Projects has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Brian Castelino Hilary | Director | 22 Jun 2012 | 14 Years 4 Months | As last reported |
| Prakash Dattatraya Naringrekar | Irp/Rp/Liquidator | 26 Jun 2024 | 2 Years 4 Months | As last reported |
| Rajini Castelino Brian | Director | 22 Jun 2012 | 14 Years 4 Months | As last reported |
Auditor
Altop Ishichi Solutions and Projects Private Limited is audited by C. D. APTE for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C. D. APTE | FY 2020 | 045943 |
Shareholding
The shareholding of Altop Ishichi Solutions and Projects 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 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Altop Ishichi Solutions and Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Mar 2023 | 100765264 | Others | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Altop Ishichi Solutions and Projects Private Limited has 7 court cases on record: 7 filed against it. 4 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 4 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case SC) | Filed against the company by Ingram Micro India Private Limited | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Alphaloop Solar LLP | Disposed |
| District court, Aurangabad, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by M/S Radhakrishna Agro Through Its Partner Ramkrishna Terkar | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Gemini A and B Cooperative HSG Soc Ltd | Pending |
To see the full case history of Altop Ishichi Solutions and Projects 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 Altop Ishichi Solutions and Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Altop Ishichi Solutions and Projects has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Altop Ishichi Solutions and Projects Private Limited, buy the company report.
Recent activity
Altop Ishichi Solutions and Projects Private Limited has 3 board changes on record since 2012: 3 appointments. The latest: Prakash Dattatraya Naringrekar was appointed as Irp/Rp/Liquidator on 26 Jun 2024.
Frequently asked questions
Altop Ishichi Solutions and Projects is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Altop Ishichi Solutions and Projects is a company under insolvency, formerly operating as a private limited company based in Navi Mumbai, Maharashtra, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 22 June 2012 and is registered under CIN U74120MH2012PTC232521. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Altop Ishichi Solutions and Projects has 3 current directors:
- Brian Castelino Hilary - Director
- Rajini Castelino Brian - Director
- Prakash Dattatraya Naringrekar - Irp/Rp/Liquidator
The latest financial statements of Altop Ishichi Solutions and Projects on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Altop Ishichi Solutions and Projects is U74120MH2012PTC232521. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Altop Ishichi Solutions and Projects has open charges of ₹25 Lakh and no satisfied charges on record as per latest MCA filings.
Altop Ishichi Solutions and Projects has 7 court cases on record: 7 filed against it. 4 are pending. Most are in the district courts.
Altop Ishichi Solutions and Projects was incorporated on 22 June 2012. It is registered with the Registrar of Companies, Mumbai.
Prakash Dattatraya Naringrekar was appointed as Irp/Rp/Liquidator on 26 Jun 2024. Brian Castelino Hilary was appointed as Director on 22 Jun 2012. Rajini Castelino Brian was appointed as Director on 22 Jun 2012.
Altop Ishichi Solutions and Projects can be reached through the website altopsolutions.com. Its registered office is in Navi Mumbai, Maharashtra, India.
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