True Credits Profile
Key Indicators
- Authorised Capital ₹ 21.60 Cr
as on 30-12-2024
- Paid Up Capital ₹ 19.86 Cr
as on 30-12-2024
- Company Age 7 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 2,332.10 Cr
as on 30-12-2024
- Satisfied Charges ₹ 896.70 Cr
as on 30-12-2024
- Revenue 294.51%
(FY 2022)
- Profit 724.87%
(FY 2022)
- Ebitda 1249.18%
(FY 2022)
- Net Worth 21.47%
(FY 2022)
- Total Assets 160.19%
(FY 2022)
About True Credits
The Company is engaged in the Financial Services 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 21.60 Cr and a paid-up capital of Rs 19.86 Cr.
The company currently has active open charges totaling ₹2,332.10 Cr. The company has closed loans amounting to ₹896.70 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at True Credits Private Limited India is Reeva Kalra as COMPANY SECRETARY. Shunmugam Sundararaj, Vishal Bhatia, Padmaja Parange, and Two other members serve as directors at the Company.
- CIN/LLPIN
U65190HR2017PTC070653
- Company No.
070653
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
05 Sep 2017
- Date of AGM
12 Jul 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Company Details
- Location
Gurugram, Haryana, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at True Credits?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vishal Bhatia  | Managing Director | 14-Nov-2020 | Current |
| Reeva Kalra | Company Secretary | 30-Jun-2021 | Current |
Board Members(4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shunmugam Sundararaj | Director | 28-May-2021 | Current |
| Padmaja Parange | Director | 01-Sep-2024 | Current |
| Anand Jethalia | Director | 01-Aug-2024 | Current |
Cheolwon Lee  | Director | 05-Sep-2017 | Current |
Financial Performance of True Credits.
True Credits Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 294.51% increase. The company also saw a substantial improvement in profitability, with a 724.87% increase in profit. The company's net worth Soared by an impressive increase of 21.47%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of True Credits?
In 2022, True Credits had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Balancehero India Private LimitedActive 8 years 8 monthsReeva Kalra and Cheolwon Lee are mutual person
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Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 11 Dec 2024 | ₹30.00 Cr | Open |
Others Creation Date: 27 Nov 2024 | ₹15.00 Cr | Open |
Others Creation Date: 06 Nov 2024 | ₹8.00 Cr | Open |
How Many Employees Work at True Credits?
True Credits has a workforce of 91 employees as of Apr 09, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of True Credits, 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 Credits's trajectory.
Rating
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
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.
