True Colors Private Limited

Textile manufacturing and trading company based in Surat, Gujarat, established in 2021.

2021 | Surat, Gujarat (India) | Active
Last Updated: November 17, 2024

True Colors Profile

Key Indicators

  • Authorised Capital ₹ 25.00 Cr
  • Paid Up Capital ₹ 4.73 M
  • Company Age 3 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 55.41 Cr
  • Revenue Growth 794.23%
  • Profit Growth 473.88%
  • Ebitda -1723.78%
  • Net Worth 686.61%
  • Total Assets 320.71%

About True Colors

True Colors Private Limited (TCPL) is a Private Limited Indian Non-Government Company incorporated in India on 09 October 2021 (Three years and three months 24 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 4.73 M.

The company currently has active open charges totaling ₹55.41 Cr.

Sanjay Desai and Ashishkumar Mulani 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

    U17299GJ2021PTC126265

  • Company No.

    126265

  • Company Classification

    Private 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?

Board Members (2)

Name Designation Appointment Date Status
Sanjay Desai Country flag representing In Director 09-Oct-2021 Current
Ashishkumar Mulani Country flag representing In Director 09-Oct-2021 Current

Financial Performance of True Colors.

True Colors Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 794.23% increase. The company also saw a substantial improvement in profitability, with a 473.88% increase in profit. The company's net worth Soared by an impressive increase of 686.61%.

Graph illustrating revenue growth over time
Graph showing 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
794.23%
Revenue from Operations
791.89%
Total Assets
320.71%
Profit or Loss
473.88%
Net Worth
686.61%
EBITDA
-1723.78%

What is the Ownership and Shareholding Structure of True Colors?

In 2023, 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

₹55.41 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 55.41 Cr

Latest Charge Details

Date Lender Amount Status
03 Oct 2022 Hdfc Bank Limited ₹55.41 Cr Open

How Many Employees Work at True Colors?

True Colors has a workforce of 176 employees as of Apr 17, 2024. 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.

Graph showing employee growth trends

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

  • Annual General Meeting

    True Colors Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    True Colors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

    31 Mar 2024

  • Charges

    A charge with Hdfc Bank Limited of Rs. 55.41 Cr registered on 03 Oct 2022 with Charge ID 100625519 was modified on 27 Mar 2024.

    27 Mar 2024

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 55.41 Cr with Charge ID 100625519 was registered on 03 Oct 2022.

    03 Oct 2022

  • Director Appointment

    Sanjay Raghubhai Desai was appointed as a Director was appointed as a Director on 09 Oct 2021 & has been associated with this company since 3 years 3 months .

    09 Oct 2021

  • Director Appointment

    Ashishkumar Durlbhbhai Mulani was appointed as a Director was appointed as a Director on 09 Oct 2021 & has been associated with this company since 3 years 3 months .

    09 Oct 2021

Frequently asked questions

  • True Colors Private Limited was incorporated on 09 Oct 2021.

  • The authorized share capital of True Colors Private Limited is ₹ 25.00 Cr and paid-up capital is ₹ 4.73 M.

  • Currently 2 directors are associated with True Colors Private Limited.

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

  • The corporate identification number (CIN) of True Colors Private Limited is U17299GJ2021PTC126265 and the company number is 126265 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for True Colors Private Limited has risen by 794.23%.

  • As Per 2023 financial reports, 176 employees are currently employed by True Colors Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of True Colors Private Limited has experienced an upsurge of 686.61%.

  • As per the financial statements for fiscal Year 2023, The total open charges for True Colors Private Limited amount to ₹ 55.41 Cr.

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

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