MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0105261
Altus Projects Private Limited
Altus Projects Private Limited - real estate and construction in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹6.06 Cr
▲ 12% YoY
Net profit · FY 2022
₹20.41 Lakh
Net margin 3.4%
EBITDA · FY 2022
₹40.75 Lakh
EBITDA margin 6.7%
Authorised capital
₹12 Lakh
Registered with MCA
Paid-up capital
₹11.35 Lakh
Issued & subscribed
Satisfied charges
₹25 Lakh
No open charges
Company age
18 yrs
Est. 2008
Employees · EPFO
5
Provident fund records
About Altus Projects Private Limited
Data last updated:
Altus Projects Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 22 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ2008PTC053649. Its GSTIN is 24AAECP6308D1ZS (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹12 Lakh and a paid-up capital of ₹11.35 Lakh. It was formerly known as Parshwa Projects Private Limited. It is led by directors Kandarp Atul Pathak and Sunil Jayantilal Upadhayay.
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 D – 406 Ganesh Meridiyan Nr Sola Over Bridge S G Highway Sola, Ahmedabad, Gujarat, India – 380060.
As per the financials filed for FY 2022, the company reported a revenue of ₹6.06 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹20.41 Lakh (net margin 3.4%) and EBITDA of ₹40.75 Lakh (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 20% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹25 Lakh on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
Altus Projects Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0105261). The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN U45201GJ2008PTC053649
Registration Number 053649
Incorporation Date 22 April 2008
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Non-Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0105261
Recognitions & Rankings of Altus Projects
Contact details
Altus Projects Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressD – 406 Ganesh Meridiyan Nr Sola Over Bridge S G Highway Sola, Ahmedabad, Gujarat, India – 380060
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Altus Projects Private Limited, buy the company report.
Comprehensive company report
Altus Projects Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Altus Projects is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Altus Projects Private Limited, buy the company report.
Financials of Altus Projects Private Limited
FY 2025 filings availableAltus Projects Private Limited reported revenue of ₹6.06 Cr (up 12% YoY) for FY 2022.
Revenue · FY 2022
₹6.06 Cr ▲ 12%
Net profit · FY 2022
₹20.41 Lakh margin 3.4%
EBITDA · FY 2022
₹40.75 Lakh margin 6.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 23%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 22%
5 years · compounded
▲ 21%
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 12% growth in the latest year. EBITDA rose 26% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹6.06 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹40.75 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.41 Lakh | ||||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.7% | ||||
| Net Profit Margin | 3.4% | ||||
| 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 Altus Projects Private Limited, buy the company report.
Board of directors of Altus Projects Private Limited
Altus Projects has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kandarp Atul Pathak | Director | 01 Oct 2009 | 17 Years 1 Months | Current |
| Sunil Jayantilal Upadhayay Also directs: Pooja Finstock International Limited | Director | 03 Jun 2016 | 10 Years 5 Months | Current |
Peer comparison
Altus Projects Private Limited is compared with the 4 companies closest to it by revenue in the Infrastructure industry (Builders and Developers, Infrastructure Services), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Embassy Classic Private Limited | ₹6.06 Cr (FY 2025) | -45.0% | Bangalore, Karnataka, India | |||
| B P R Enterprises Private Limited | ₹6.06 Cr (FY 2025) | 464.0% | Hyderabad, Telangana, India | |||
| Inncreation Infrastructure India Private Limited | ₹6.06 Cr (FY 2025) | 20.0% | Koramangala, Karnataka, India | |||
| Altus Projects Private Limitedthis company | ₹6.06 Cr (FY 2022) | ₹20.41 Lakh | 3.4% | 12.0% | 5 | Ahmedabad, Gujarat, India |
| Jog Mahajan Infra Private Limited | ₹6.05 Cr (FY 2025) | 648.0% | Amravati, Maharashtra, India |
To see the full peer comparison of Altus Projects Private Limited, buy the company report.
Auditor
Altus Projects Private Limited is audited by P S S K & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P S S K & CO | FY 2022 | 131360W |
Shareholding
The shareholding of Altus Projects Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Altus Projects Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹25 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Apr 2012 | 10352090 | Hdfc Bank Limited | ₹25 Lakh | Satisfied |
To see the full charge records of Altus Projects Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Altus Projects Private Limited has 2 court cases on record: 1 filed by Altus Projects, 1 filed against it. All cases are disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against SNB Tradelink Pvt Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
To see the full case history of Altus 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 Altus Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Altus Projects Private Limited has a workforce of 5 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
GST
Altus Projects has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECP6308D1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Altus Projects Private Limited, buy the company report.
Recent activity
Altus Projects Private Limited has 8 board changes on record since 2009: 2 appointments and 6 cessations. The latest: Sunil Jayantilal Upadhayay ceased to be Additional Director on 30 Sep 2016.
AGM
Altus Projects Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Altus Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 18 Apr 2012 via Charge ID 10352090 with Hdfc Bank Limited was fully satisfied on 13 Dec 2021.
Ceased
Sunil Jayantilal Upadhayay ceased to be Additional Director.
Ceased
Leenaben Sheth Nitinkumar ceased to be Additional Director.
Appointed
Sunil Jayantilal Upadhayay was appointed as Director.
Ceased
Nitin Balubhai Sheth ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 25.00 Lakh with Charge ID 10352090 was registered on 18 Apr 2012.
Ceased
Chirag Vinodchandra Shah ceased to be Director.
Appointed
Kandarp Atul Pathak was appointed as Director.
Ceased
Ajitkumar Mahendra Kumar Santoki ceased to be Director.
Ceased
Jayesha Ajitkumar Santoki ceased to be Director.
1 earlier event is in the company report.
Frequently asked questions
Altus Projects is an active private limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 22 April 2008 (18+ years old) and is registered under CIN U45201GJ2008PTC053649.
Altus Projects has 2 current directors:
- Kandarp Atul Pathak - Director
- Sunil Jayantilal Upadhayay - Director
The latest financial statements of Altus Projects 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 Altus Projects is 24AAECP6308D1ZS, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Altus Projects is U45201GJ2008PTC053649. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Altus Projects has 2 court cases on record: 1 filed by the company and 1 filed against it.
Altus Projects was incorporated on 22 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Altus Projects by revenue are Embassy Classic Private Limited, B P R Enterprises Private Limited, Inncreation Infrastructure India Private Limited, Jog Mahajan Infra Private Limited, all in the Infrastructure industry (Builders and Developers, Infrastructure Services), with the same principal business activity (buildings).
Sunil Jayantilal Upadhayay ceased to be Additional Director on 30 Sep 2016. Leenaben Sheth Nitinkumar ceased to be Additional Director on 03 Jun 2016. Sunil Jayantilal Upadhayay was appointed as Director on 03 Jun 2016. Altus Projects has 8 board changes on record in total.
Yes, Altus Projects is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0105261).
The registered office of Altus Projects is at D – 406 Ganesh Meridiyan Nr Sola Over Bridge S G Highway Sola, Ahmedabad, Gujarat, India – 380060.
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