True Colors Limited

Founded in 2021 and headquartered in Gujarat, India.

2021 | Surat, Gujarat (India) | Active
Last Updated:

True Colors Profile

Key Indicators

  • Authorised Capital ₹ 25.00 Cr
  • Paid Up Capital ₹ 18.96 Cr
  • Company Age 3 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 73.65 Cr
  • Revenue Growth 98.78%
  • Profit Growth 115.76%
  • Ebitda 548.42%
  • Net Worth 129.25%
  • Total Assets 136.72%

About True Colors

True Colors Limited (TCL) is a Public Limited Indian Non-Government Company incorporated in India on 09 October 2021 (Three years and five months 18 days old ). Its registered office is in Surat, Gujarat, India.

The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 25.00 Cr and a paid-up capital of Rs 18.96 Cr.

The company currently has active open charges totaling ₹73.65 Cr.

The Key Managerial Personnel (KMP) at True Colors Limited India are Chirag Hojiwala as Company Secretary, Sagarkumar Mulani as Cfo, and Satishkumar Panchani as Ceo. Sagarkumar Mulani, Sanjay Desai, Ashishkumar Mulani, and Four other members serve as directors at the Company.

Company Details

  • Location

    Surat, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17299GJ2021PLC126265

  • Company No.

    126265

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    09 Oct 2021

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Information Technology

Who are the key members and board of directors at True Colors?

Executive Team (4)

NameDesignationAppointment DateStatus
Sanjay Desai Country flag representing In Managing Director09-Oct-2021Current
Chirag Hojiwala Company Secretary19-Mar-2025Current
Sagarkumar Mulani CFO23-Feb-2025Current
Satishkumar Panchani CEO23-Feb-2025Current

Board Members (6)

NameDesignationAppointment DateStatus
Sagarkumar Mulani Country flag representing In Director 19-Feb-2025Current
Ashishkumar Mulani Country flag representing In Director 09-Oct-2021Current
Satishkumar Panchani Country flag representing In Director 19-Feb-2025Current
Charmi Soni Director 11-Mar-2025Current
Bhavesh Singapuri Director 11-Mar-2025Current
Nanty Shah Director 11-Mar-2025Current

Financial Performance of True Colors.

True Colors Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 98.78% increase. The company also saw a substantial improvement in profitability, with a 115.76% increase in profit. The company's net worth Soared by an impressive increase of 129.25%.

True Colors revenue growth over time
True Colors profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
98.78%
Revenue from Operations
98.28%
Total Assets
136.72%
Profit or Loss
115.76%
Net Worth
129.25%
EBITDA
548.42%

What is the Ownership and Shareholding Structure of True Colors?

In 2024, True Colors had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹73.65 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 73.65 Cr

Latest Charge Details

DateLenderAmountStatus
28 Oct 2024Hdfc Bank Limited₹2.00 MOpen
22 Oct 2024Hdfc Bank Limited₹1.85 MOpen
09 Oct 2024Hdfc Bank Limited₹3.70 MOpen
03 Oct 2022Hdfc Bank Limited₹72.90 CrOpen

How Many Employees Work at True Colors?

True Colors has a workforce of 490 employees as of Mar 21, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for True Colors Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of True Colors, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped True Colors's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on True Colors

Recent activity within the organization

  • Director Appointment

    Chirag Prakashchandra Hojiwala was appointed as a Company Secretary was appointed as a Company Secretary on 19 Mar 2025 & has been associated with this company since 8 days .

  • Director Appointment

    Charmi Soni was appointed as a Director was appointed as a Director on 11 Mar 2025 & has been associated with this company since 16 days .

  • Director Appointment

    Bhavesh Vinodchandra Singapuri was appointed as a Director was appointed as a Director on 11 Mar 2025 & has been associated with this company since 16 days .

  • Director Appointment

    Nanty Nalinbhai Shah was appointed as a Director was appointed as a Director on 11 Mar 2025 & has been associated with this company since 16 days .

  • Director Appointment

    Sagarkumar Bipinbhai Mulani was appointed as a Cfo was appointed as a Cfo on 23 Feb 2025 & has been associated with this company since 1 month 1 day .

  • Charges

    A charge with Hdfc Bank Limited of Rs. 72.90 Cr registered on 03 Oct 2022 with Charge ID 100625519 was modified on 05 Dec 2024.

Frequently asked questions

  • What is the Incorporation or founding date of True Colors Limited?

    True Colors Limited was incorporated on 09 Oct 2021.

  • What is authorized share capital and paid-up capital of True Colors Limited?

    The authorized share capital of True Colors Limited is ₹ 25.00 Cr and paid-up capital is ₹ 18.96 Cr.

  • Who are the current board members & directors of True Colors Limited?

    Currently 10 directors are associated with True Colors Limited.

    • Sagarkumar Bipinbhai Mulani
    • Sanjay Raghubhai Desai
    • Ashishkumar Durlbhbhai Mulani
    • Satishkumar Jayantibhai Panchani
    • Charmi Soni
    • Bhavesh Vinodchandra Singapuri
    • Nanty Nalinbhai Shah
    • Chirag Prakashchandra Hojiwala
    • Sagarkumar Bipinbhai Mulani
    • Satishkumar Jayantibhai Panchani

  • What is the registered address of True Colors Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of True Colors Limited is P-8 Gr Flr To 3Rd Flr, Somakanjiini Wadi Patel Line Khatodara India, Surat, Gujarat, 395002.

  • What is the corporate identification number (CIN) and company number of True Colors Limited?

    The corporate identification number (CIN) of True Colors Limited is U17299GJ2021PLC126265 and the company number is 126265 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for True Colors Limited?

    According to the financial reports for the fiscal year 2024, the revenue trend for True Colors Limited has risen by 98.78%.

  • How many employees does True Colors Limited currently have?

    As Per 2024 financial reports, 490 employees are currently employed by True Colors Limited.

  • What change has been observed in the net worth of True Colors Limited, and by what percentage?

    The financial reports for the fiscal year 2024 indicates that The net worth of True Colors Limited has experienced an upsurge of 129.25%.

  • What are the total open charges for True Colors Limited?

    As per the financial statements for fiscal Year 2024, The total open charges for True Colors Limited amount to ₹ 73.65 Cr.

  • When was the last Balance Sheet of True Colors Limited filed with the ROC?

    The most recent Balance Sheet for True Colors Limited was filed with the ROC on 31 Mar 2024.

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