Altigreen Propulsion Labs Private Limited - Due diligence report

A 360° intelligence report on Altigreen: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…

2013-02-08 Malur, Karnataka Active Unlisted Active Compliant
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AP Altigreen Propulsion Labs Private Limited
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Altigreen — 360° Intelligence Report

Generated from MCA filings & public records
59/100
Trust Score
Moderate

Altigreen is assessed as Moderate with a Trust Score of 59/100. Altigreen is an active private limited indian non-government company incorporated in 2013, operating in the Automotive sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and high financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Altigreen Propulsion Labs Private Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Good

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
59/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
58/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
35/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 45/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Working-capital cover adequate.

Charges position: 3 open (28.00 cr) · 1 satisfied (3.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India1 48.0 cr
Others2 48.0 cr
Hdfc Bank Limited1 48.0 cr
Compliance Score: 58/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Flagged by authority: EPFO.
  • 2 active GST registration(s).
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
SHALENDRA KUMAR GUPTA 01234567 Director 01/04/2018 6 yrs Approved
AMITABH SARAN 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • 3 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
36 allotment(s) · 4 transfer(s)

Promoters hold a majority stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 35
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
EPFO headcount growing - hiring signal.
Operating for 13+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 2.1x in a year.
Negative net worth.
3 director exits within 2 years.
Compliance score is weak (58/100).
3 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence51/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 4 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment44/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 28.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view59/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
14 Nov 2024
Director ceased
SUBHABRATA GHOSH
13 Nov 2024
Director ceased
NIKHIL KISHORCHANDRA VORA
21 Oct 2024
Director ceased
PERUMAL RAMAMURTHY SRINIVASAN
11 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
08 Mar 2024
Charge created
Others - 5.00 cr
29 May 2023
Charge created
State Bank Of India - 16.00 cr
26 May 2023
Charge satisfied
Others
02 May 2023
Charge created
Hdfc Bank Limited - 7.00 cr
31 Mar 2023
Share transfer (FY 2023)
4067.00000000 shares to Xponentia Opportunities Fund I
Share transfer (FY 2023)
24401.00000000 shares to Xponentia Opportunities Fund II
Share transfer (FY 2023)
20000.00000000 shares to Shalendra Kumar Gupta
30 Sep 2022
Director ceased
AJAY DILKUSH SARUPRIA
02 Mar 2022
Securities allotted
58462 Preference Shares - 86.25 cr raised
18 Feb 2022
Securities allotted
100 Equity Shares - 14.75 Lakh raised
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
2 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 36 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Vishwa Buses And Coaches Limited U34101TN2020PLC139539 Chennai, Tamil Nadu, India
Nobel Automotive India Private Limited U34300TN2011FTC082421 Sriperumbudur, Tamil Nadu, India
Sree Rayalseema Green Steloy Private Limited U45300TG2004PTC042673 Hyderabad, Telangana, India
Federal-Mogul Sealings India Limited U29253PN2014PLC152540 Pune, Maharashtra, India
San Automotive Industries Private Limited U34300HR2004PTC035483 Faridabad, Haryana, India
Sprandom Private Limited U35923PB2021PTC053383 Ludhiana, Punjab, India
Shine Metal Udyog U27310HR2007PTC125030 Ballabgarh, Haryana, India
Khemji Trailer Private Limited U34300RJ2016PTC056665 Shahpura, Rajasthan, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Altigreen before audits and certifications: compliance score 58/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Altigreen: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Enhanced diligence advised. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 85/100, margin trends, ownership structure and peer set for Altigreen - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 59/100, distress signals and MSME payment-delay disclosures - know whether Altigreen pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Altigreen - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Altigreen an active company?

Altigreen has MCA status “Active” with a compliance score of 58/100 (Moderate).

Is Altigreen financially healthy?

Altigreen has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Altigreen?

Its overall Trust Score is 59/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Altigreen?

Promoters hold a majority stake - exact percentages are in the full report. 2 active director(s) are on record.

Does Altigreen have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Altigreen up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 58/100 (Moderate).

Is it risky to lend to Altigreen?

Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.