True Credits Private Limited

Digital lending company providing financial and related services.

2017 | Gurugram, Haryana (India) | Active
Last Updated:

True Credits Profile

Key Indicators

  • Authorised Capital ₹ 21.60 Cr
  • Paid Up Capital ₹ 19.86 Cr
  • Company Age 7 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2,332.10 Cr
  • Satisfied Charges ₹ 896.70 Cr
  • Revenue Growth 294.51%
  • Profit Growth 724.87%
  • Ebitda 1249.18%
  • Net Worth 21.47%
  • Total Assets 160.19%

About True Credits

True Credits Private Limited (TCPL) is a Private Limited Indian Non-Government Company incorporated in India on 05 September 2017 (Seven years and six months 21 days old ). Its registered office is in Gurugram, Haryana, India.

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.

Company Details

  • Location

    Gurugram, Haryana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • 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

Financial Services

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

Executive Team (2)

NameDesignationAppointment DateStatus
Vishal Bhatia Country flag representing In Managing Director14-Nov-2020Current
Reeva Kalra Company Secretary30-Jun-2021Current

Board Members (4)

NameDesignationAppointment DateStatus
Shunmugam Sundararaj Country flag representing In Director 28-May-2021Current
Padmaja Parange Director 01-Sep-2024Current
Anand Jethalia Director 01-Aug-2024Current
Cheolwon Lee Country flag representing Kr Director 05-Sep-2017Current

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%.

True Credits revenue growth over time
True Credits 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
294.51%
Revenue from Operations
295.62%
Total Assets
160.19%
Profit or Loss
724.87%
Net Worth
21.47%
EBITDA
1249.18%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2,332.10 Cr

Satisfied Charges

₹896.70 Cr

Charges Breakdown by Lending Institutions

  • Others : 2327.10 Cr
  • Axis Bank Limited : 5.00 Cr

Latest Charge Details

DateLenderAmountStatus
11 Dec 2024Others₹30.00 CrOpen
27 Nov 2024Others₹15.00 CrOpen
06 Nov 2024Others₹8.00 CrOpen
28 Oct 2024Others₹15.00 CrOpen
24 Oct 2024Others₹30.00 CrOpen

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.

Employee growth trends for True Credits Private Limited

Deals i

Graph showing company valuation over time

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

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 Credits

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 30.00 Cr with Charge ID 101016302 was registered on 11 Dec 2024.

  • Charges

    A charge registered on 24 May 2024 via Charge ID 100932508 with Others was fully satisfied on 03 Dec 2024.

  • Charges

    A charge with Others of Rs. 10.00 Cr registered on 28 Jul 2023 with Charge ID 100759536 was modified on 28 Nov 2024.

  • Charges

    A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101011469 was registered on 27 Nov 2024.

  • Charges

    A charge registered on 24 Apr 2024 via Charge ID 100914442 with Others was fully satisfied on 09 Nov 2024.

  • Charges

    A charge with Others amounted to Rs. 8.00 Cr with Charge ID 101007811 was registered on 06 Nov 2024.

Frequently asked questions

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

    True Credits Private Limited was incorporated on 05 Sep 2017.

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

    The authorized share capital of True Credits Private Limited is ₹ 21.60 Cr and paid-up capital is ₹ 19.86 Cr.

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

    Currently 6 directors are associated with True Credits Private Limited.

    • Shunmugam Sundararaj
    • Vishal Bhatia
    • Padmaja Makarand Parange
    • Anand Jethalia
    • Reeva Kalra
    • Cheolwon Lee

  • What is the registered address of True Credits Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of True Credits Private Limited is Huda City Centre Metro Station 5Th Floor, Sector - 29 India, Gurgaon, Haryana, 122001.

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

    The corporate identification number (CIN) of True Credits Private Limited is U65190HR2017PTC070653 and the company number is 070653 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of True Credits Private Limited?

    The Official website of True Credits Private Limited is https://www.truecredits.in

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

    According to the financial reports for the fiscal year 2022, the revenue trend for True Credits Private Limited has risen by 294.51%.

  • How many employees does True Credits Private Limited currently have?

    As Per 2022 financial reports, 91 employees are currently employed by True Credits Private Limited.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of True Credits Private Limited has experienced an upsurge of 21.47%.

  • What are the total open charges for True Credits Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for True Credits Private Limited amount to ₹ 2,332.10 Cr.

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

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

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