About Altius Digital Private Limited
Data last updated:
Altius Digital Private Limited is a private limited company based in Thane, 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 electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 27 May 2015.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2015PTC264918. Its GSTIN is 27AANCA4957G1ZB (Maharashtra). The company holds 10 GST registrations, of which 6 are 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 Sanjay Vishwanath Bhise and Kasinath Mitra.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 5 Babosa Industrial Park, Thane, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹8.76 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹8.95 Cr (net margin -102.2%) and EBITDA of -₹10.6 Cr (EBITDA margin -121%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years and 44% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
The last known website on record is altiusdigital.com.
Company details
Contact details
Altius Digital Private Limited's registered office is in Thane, Maharashtra. Its website is altiusdigital.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address102 1st Floor Bldg.No.A – 5 Babosa Industrial Park Saravali Village Nashik – Mumbai Highway, Bhiwandi, Thane, Maharashtra, India – 421302
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Altius Digital 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 Digital is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Altius Digital Private Limited, buy the company report.
Financials of Altius Digital Private Limited
FY 2022 filings availableAltius Digital Private Limited reported revenue of ₹8.76 Cr (down 44% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 44% over five years, including a 44% fall in the latest year. EBITDA fell 180% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹10.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.95 Cr | ||||
| 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 | -121% | ||||
| Net Profit Margin | -102.2% | ||||
| 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 Altius Digital Private Limited, buy the company report.
Board of directors of Altius Digital Private Limited
Altius Digital has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Vishwanath Bhise Also directs: Get Capital and Finance Private Limited | Director | 07 Dec 2023 | 2 Years 10 Months | As last reported |
| Kasinath Mitra Also directs: Sancheti Electronics Limited, Siam Trade Impex Private Limited | Director | 28 Mar 2022 | 4 Years 7 Months | As last reported |
| Arun Kishanlal Bagaria Also directs: Bagaria & Co LLP, Anand Vihar Reality Pvt Ltd | Irp/Rp/Liquidator | 03 Apr 2024 | 2 Years 7 Months | As last reported |
| Binod Kumar Sancheti Also directs: Neminath Granite Exports LLP, Sancheti Electronics Limited, Sancheti Electrical & Electronics Private Limited and 2 more | Additional Director | 10 Apr 2023 | 3 Years 6 Months | As last reported |
Peer comparison
Altius Digital Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hira Electrical Appliances Private Limited | ₹8.79 Cr (FY 2025) | 21.0% | Delhi, India | |||
| Maxtone Electronics P Ltd | ₹8.78 Cr (FY 2025) | 43.0% | Mumbai, Maharashtra, India | |||
| Altius Digital Private Limitedthis company | ₹8.76 Cr (FY 2022) | -₹8.95 Cr | -102.2% | -44.0% | 1 | Thane, Maharashtra, India |
| Caps International Private Limited | ₹8.76 Cr (FY 2024) | -28.0% | Guwahati, Assam, India | |||
| Gujarat Decor Private Limited | ₹8.74 Cr (FY 2024) | 38.0% | Surat, Gujarat, India | |||
| SK Gupta Ventures Private Limited | ₹8.74 Cr (FY 2024) | 87.0% | Muzaffarpur, Bihar, India |
To see the full peer comparison of Altius Digital Private Limited, buy the company report.
Auditor
Altius Digital Private Limited is audited by V K BESWAL & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V K BESWAL & ASSOCIATES | FY 2021 | 101083W |
Shareholding
The shareholding of Altius Digital Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Altius Digital Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Oct 2023 | 100808279 | Others | ₹2 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Altius Digital Private Limited has 3 court cases on record: 3 filed by Altius Digital. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed by the company against Asha Apartments Pvt Ltd and 2 others | Disposed |
| NCLT, NCLT Indore | Insolvency matter | Filed by the company against Acn Digital Private Limited | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The Union of India and 8 Ors and 8 others | Disposed |
To see the full case history of Altius Digital 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 Digital Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Altius Digital Private Limited has a workforce of 1 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Altius Digital has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCA4957G1ZB | Maharashtra | Active | 01 Jul 2017 |
| 07AANCA4957G1ZD | Delhi | Active | 01 Jul 2017 |
| 29AANCA4957G1Z7 | Karnataka | Active | 01 Jul 2017 |
| 32AANCA4957G1ZK | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Altius Digital Private Limited, buy the company report.
Recent activity
Altius Digital Private Limited has 9 board changes on record since 2018: 4 appointments and 5 cessations. The latest: Arun Kishanlal Bagaria was appointed as Irp/Rp/Liquidator on 03 Apr 2024.
1 earlier event is in the company report.
Frequently asked questions
Altius Digital 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.
Altius Digital is a company under insolvency, formerly operating as a private limited company based in Thane, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 27 May 2015 and is registered under CIN U51101MH2015PTC264918. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Altius Digital has 4 current directors:
- Sanjay Vishwanath Bhise - Director
- Kasinath Mitra - Director
- Binod Kumar Sancheti - Additional Director
- Arun Kishanlal Bagaria - Irp/Rp/Liquidator
The latest financial statements of Altius Digital on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Altius Digital is U51101MH2015PTC264918. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Altius Digital has open charges of ₹2 Cr and no satisfied charges on record as per latest MCA filings.
Altius Digital has 3 court cases on record: 3 filed by the company. Most are in the high courts.
Altius Digital was incorporated on 27 May 2015. It is registered with the Registrar of Companies, Mumbai.
The peers of Altius Digital by revenue are Hira Electrical Appliances Private Limited, Maxtone Electronics P Ltd, Caps International Private Limited, Gujarat Decor Private Limited, SK Gupta Ventures Private Limited, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Arun Kishanlal Bagaria was appointed as Irp/Rp/Liquidator on 03 Apr 2024. Dushyant Chandrakant Dave ceased to be Irp/Rp/Liquidator on 03 Apr 2024. Sanjay Vishwanath Bhise was appointed as Director on 07 Dec 2023. Altius Digital has 9 board changes on record in total.
Altius Digital can be reached through the website altiusdigital.com. Its registered office is in Thane, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
