About Alteatec
Alteatec is a Technology company based in Mellieha (Malta) founded in 2001, and was acquired by Greentube in January 2023. It operates as a mobile application development, security, and network administration services are provided. The company has 43 employees. Its Indian entity Alteatec It Solutions Private Limited reported revenue of ₹12.91 Cr. Its focus areas include Business Services, IT Services and Suite. Its competitors include UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA and 4 more; 4 of its 9 listed competitors have raised funding.
Company details
Alteatec was founded in 2001 and is headquartered in Mellieha, Malta. IT services are delivered by the company within the technology sector, encompassing mobile application development, security measures, and network administration. Other technical support functions are handled to meet client needs. Operations are conducted primarily from the European base, with emphasis placed on infrastructure management and software solutions for various industries.
- Headquarters Mellieha, Malta
- Employees 43
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website alteatec.com
- Social LinkedIn
- Acquired by Greentube (Jan 2023)
- Legal Name Alteatec It Solutions Private Limited
- Date of Incorporation 16 Feb, 2017
- Jurisdiction Pune, Maharashtra, India
Associated legal entities of Alteatec
Alteatec operates through Alteatec It Solutions 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 |
|---|---|---|---|---|---|---|---|
| Alteatec It Solutions Private Limited CIN U74999PN2017PTC168955 | Active | 16 Feb 2017 | Pune, Maharashtra | ₹12.9 Cr | 43 | 2 | View details |
Investors in Alteatec
Alteatec has secured backing from 1 investor. Prominent investors backing the company include Greentube.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Casino games for mobile platforms are developed by Greentube. | 2000 | greentube.com | Vienna, Austria |
Investor details for Alteatec
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 Alteatec It Solutions Private Limited (Alteatec)
Alteatec It Solutions Private Limited is the primary company behind Alteatec. The board of Alteatec It Solutions Private Limited currently have 2 directors; the longest-serving is Gaurav Kukrety, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gaurav Kukrety DIN 07715651 | Director | 16 Feb 2017 | 9 yrs 8 mo | Alteatec It Solutions Private Limited |
| Sushma Kukrety DIN 07715725 | Director | 16 Feb 2017 | 9 yrs 8 mo | Alteatec It Solutions Private Limited |
Financials of Alteatec
Figures of Alteatec It Solutions Private Limited, the primary company behind Alteatec, for FY 2024. Revenue was ₹12.91 Cr (+22% year on year). Net profit was ₹77.4 Lakh (6% margin). EBITDA was ₹1.22 Cr (9% margin). Revenue has grown at a compounded annual rate of +59% over three years and +38% over five years.
- ₹12.91 CrRevenue · FY 2024 · +22% YoY
- ₹77.4 LakhNet profit · 6% margin
- ₹1.22 CrEBITDA · 9% margin
- ₹1 LakhPaid-up capital
- 43Employees (provident fund records)
- +59%Revenue CAGR, 3 years
- +38%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Alteatec It Solutions Private Limited are on its company page.
Detailed financial statements for Alteatec
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 Alteatec
2 dated milestones of Alteatec across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Alteatec is founded.
- Exit Acquired by Greentube.
Competitors of Alteatec
Alteatec has 9 listed competitors in our database, 4 of them funded. They include UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ust.com.tw | 1998 | Taiwan | – | – | High-quality office furniture is provided by UST for various needs. | |
| genpact.com | 1997 | New York, United States | – | 129,140 | Provider of end-to-end business process outsourcing services | |
| ionos.com | 1988 | Chesterbrook, United States | – | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | |
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| mavenir.com | 2005 | Richardson, United States | $105.36M | 363 | Multi-access edge networking computing platform is provided for mobile services. | |
| girnarsoft.com | 2007 | Jaipur, India | $736.02M | 6,709 | Provider of website, web & mobile application development, BI, and digital marketing services | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| endava.com | 2000 | London, United Kingdom | – | 12,063 | Endava is engaged in digital transformation and AI-driven solutions. |
Detailed competitors of Alteatec
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in IT Services & Operations
10 companies that operate in the same segment as Alteatec (IT Services & Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | 1,898 | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 5,196 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | 7,596 | |
IT outsourcing services are delivered across multiple business lines. | 2011 | Bengaluru, Karnataka, India | USD 64.83 M | USD 246.74 M | 5,260 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Alteatec
Complete news archive for Alteatec
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Alteatec
Alteatec was founded in 2001.
Alteatec is headquartered in Mellieha, Malta.
Alteatec has 43 employees.
The primary company behind Alteatec, Alteatec It Solutions Private Limited, reported revenue of ₹12.91 Cr for FY 2024, up 22% year on year.
Alteatec was founded in 2001 and is headquartered in Mellieha, Malta. IT services are delivered by the company within the technology sector, encompassing mobile application development, security measures, and network administration. Other technical support functions are handled to meet client needs. Operations are conducted primarily from the European base, with emphasis placed on infrastructure management and software solutions for various industries.
Alteatec's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
Alteatec has 1 investor. Key investors include Greentube.
Alteatec operates through Alteatec It Solutions Private Limited.
Yes. Alteatec was acquired by Greentube in January 2023.
The legal entities of Alteatec currently have 2 directors, including Gaurav Kukrety, Sushma Kukrety.