About ALTANOVA Group
ALTANOVA Group is a company based in Taino (Italy) founded in 1938 by Gino Amadi was acquired by ESCO Technologies in May 2021. The company has 12 employees. ALTANOVA Group offers products and services including Condition Monitoring and Electrical Test Instruments.
- Headquarter Taino, Italy
- Employees 12
- Founders Gino Amadi
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website altanova-group.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by ESCO Technologies (May 2021)
- Legal Name Altanova India Private Limited
- Date of Incorporation 13 Sep, 2012
- Jurisdiction Delhi, India
- Annual Revenue₹24.74 Cr
FY 2024 · +29% YoY
- Net Profit₹1.21 Cr
FY 2024 · 5% margin
- EBITDA₹2.77 Cr
FY 2024 · 11% margin
- Latest Funding Round$1.02M (USD), Grant
Oct 2022
- InvestorsESCO Technologies
& 2 more
- Employee Count12
- Acquired by
Associated legal entities of ALTANOVA Group
ALTANOVA Group operates through Altanova India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Altanova India Private Limited CIN U74140DL2012FTC242268 | Active | 13 Sep 2012 | Delhi, Delhi | ₹24.7 Cr | 12 | 3 | View details |
Products & Services of ALTANOVA Group
ALTANOVA Group offers a comprehensive portfolio of products and services, including Condition Monitoring and Electrical Test Instruments.
Monitoring of circuit breakers, transformers, and other substation assets is performed using specialized tools.
Instruments for testing power transformers, cables, and rotating machines are supplied for diagnostic purposes.
Apps and channels of ALTANOVA Group
its YouTube channel Doble Engineering has 572 subscribers and 30 videos.
Videos from ALTANOVA Group
The most watched videos on ALTANOVA Group's YouTube channel, Doble Engineering (572 subscribers). Click a video to play it here.
More on Doble Engineering.
Funding Insights of ALTANOVA Group
- Total Rounds 1
- Last Round Grant — $1.02M
- First Round $1.02M
(Oct 2022)
- Investors Count 1
All 1 funding rounds of ALTANOVA Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $1.02M | Grant | – | – |
3 investors in total: 3 institutional.
Investors in ALTANOVA Group
ALTANOVA Group has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include ESCO Technologies, European Union and Itago Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Italian SMEs are supported through private equity investments by Itago Partners. | – | itagopartners.it | Venice, Italy | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Manufactures filtration and fluid control products | 1990 | escotechnologies.com | Saint Louis, United States |
Investor details for ALTANOVA Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Altanova India Private Limited (ALTANOVA Group)
Altanova India Private Limited is the primary company behind ALTANOVA Group. The board of Altanova India Private Limited currently have 3 directors; the longest-serving is David Matthew Schatz, appointed in 2021. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| David Matthew Schatz DIN 09324437 | Director | 06 Oct 2021 | 5 yrs | Altanova India Private Limited |
| Nicole Marie Maclennan DIN 09379679 | Director | 22 Dec 2022 | 3 yrs 9 mo | Altanova India Private Limited |
| Ruhul Islam DIN 10388872 | Director | 27 Mar 2024 | 2 yrs 6 mo | Altanova India Private Limited |
People of ALTANOVA Group
1 people are tracked at ALTANOVA Group (1 in leadership); the tracked headcount is 12.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for ALTANOVA Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ALTANOVA Group
Figures of Altanova India Private Limited, the primary company behind ALTANOVA Group, for FY 2024. Revenue was ₹24.74 Cr (+29% year on year). Net profit was ₹1.21 Cr (5% margin). EBITDA was ₹2.77 Cr (11% margin). Revenue has grown at a compounded annual rate of +11% over three years and +11% over five years.
- ₹24.74 CrRevenue · FY 2024 · +29% YoY
- ₹1.21 CrNet profit · 5% margin
- ₹2.77 CrEBITDA · 11% margin
- ₹5.03 CrPaid-up capital
- 12Employees (provident fund records)
- +11%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Altanova India Private Limited are on its company page.
Detailed financial statements for ALTANOVA Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of ALTANOVA Group
4 dated milestones of ALTANOVA Group across 84 years, from founding to its latest funding, stage changes and deals.
- Founded ALTANOVA Group is founded.
- Exit Acquired by Itago.
- Exit Acquired by ESCO Technologies.
- Funding First funding round of $1.0M.
Similar companies to ALTANOVA Group
10 companies that operate in the same segment as ALTANOVA Group (Energy Efficiency Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
IoT and SaaS solutions for building energy management are provided. | 2011 | Munchen, Bayern, Germany | USD 245.02 M | USD 715.19 K | 201 | |
Provider of smart energy management solutions | 2013 | Sunnyvale, California, United States | USD 534.75 M | – | – | |
AI and app-based smart windows are provided for buildings. | 2007 | Milpitas, California, United States | USD 3.71 B | – | – | |
Aerogel-based thermal insulation solutions are provided for energy conservation. | 2001 | United States | USD 198.35 M | USD 271.1 M | 554 |
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Frequently Asked Questions about ALTANOVA Group
ALTANOVA Group was founded in 1938 and raised its 1st funding round 84 years after it was founded.
ALTANOVA Group is headquartered in Taino, Italy. It is registered at Taino, Lombardy, Italy.
Gino Amadi is the current CEO of ALTANOVA Group. They have also founded this company.
ALTANOVA Group has 12 employees.
The primary company behind ALTANOVA Group, Altanova India Private Limited, reported revenue of ₹24.74 Cr for FY 2024, up 29% year on year.
ALTANOVA Group was founded in 1938 and is headquartered in Taino, Italy. Operations focus on the electrical sector, where testing and monitoring services for various assets are delivered. These services support asset management and reliability in power systems. The company serves clients across Europe and beyond, with expertise in diagnostic tools and condition assessment techniques. Leadership is provided by Gino Amadi as founder and CEO.
ALTANOVA Group offers Condition Monitoring and Electrical Test Instruments.
ALTANOVA Group has 3 investors. Key investors include ESCO Technologies, European Union, and Itago Partners.
ALTANOVA Group operates through Altanova India Private Limited.
Yes. ALTANOVA Group was acquired by ESCO Technologies in May 2021.
The legal entities of ALTANOVA Group currently have 3 directors, including Ruhul Islam, David Matthew Schatz, Nicole Marie Maclennan.