True in Technology Private Limited
About True in Technology Private Limited
Data last updated:
True in Technology Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 21 January 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2022PTC375266.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ashitosh Shashikant Shivtarkar and Sanjay Gopichand Desai.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Flat No – D/402 Pratik Chs Ltd Ramchandra Nagar No – 3 Vaitiwadi, Thane, Maharashtra, India – 400604.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.46 Lakh, a decline of 59% compared to the previous year. For the same year it recorded a net profit of ₹10,704 (net margin 7.3%) and EBITDA of ₹14,467 (EBITDA margin 9.9%).
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- Registered AddressFlat No – D/402 Pratik Chs Ltd Ramchandra Nagar No – 3 Vaitiwadi, Thane, Maharashtra, India – 400604
- IndustryInformation Technology, Other Computer Related Activities
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of True in Technology Private Limited
The main business activity of True in Technology is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of True in Technology Private Limited FY 2024 filings available
True in Technology Private Limited reported revenue of ₹1.46 Lakh (down 59% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of True in Technology Private Limited
Revenue fell 59% in the latest year. EBITDA fell 75% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of True in Technology Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹14,467 | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10,704 | •••• | •••• |
| Balance Sheet | |||
| Share Capital | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• |
Financial Ratios of True in Technology Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 9.9% | •••• | •••• |
| Net Profit Margin | 7.3% | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• |
| Liquidity and Debt | |||
| Current Ratio | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• |
| Efficiency and Growth | |||
| Asset Turnover | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of True in Technology are in the company report.
Financial statements from FY 2022
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of True in Technology Private Limited
True in Technology has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashitosh Shashikant Shivtarkar Also directs: Probadge Services Private Limited | Director | 21 Jan 2022 | 4 Years 8 Months | Current |
| Sanjay Gopichand Desai Also directs: Probadge Services Private Limited, Truein Services Private Limited | Director | 21 Jan 2022 | 4 Years 8 Months | Current |
Peer Comparison of True in Technology Private Limited
True in Technology Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Wholesale Trading). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Goodview Sales Private Limited | ₹1.47 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Kolkata, West Bengal, India |
| Noble Multi Systems Private Limited | ₹1.47 Lakh (FY 2025) | •••• | •••• | -66.0% | •••• | Kolkata, West Bengal, India |
| Casa De Flora Private Limited | ₹1.46 Lakh (FY 2025) | •••• | •••• | -88.0% | •••• | Roza Yakubpur, Uttar Pradesh, India |
| M and N Machines Private Limited | ₹1.46 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Delhi, India |
| Medicative Life Sciences Private Limited | ₹1.46 Lakh (FY 2024) | •••• | •••• | -89.0% | •••• | Indore, Madhya Pradesh, India |
| True in Technology Private Limited this company | ₹1.46 Lakh (FY 2024) | •••• | •••• | -59.0% | •••• | Thane, Maharashtra, India |
| Vibha Exports Private Limited | ₹1.46 Lakh (FY 2023) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Nissan Polymers Private Limited | ₹1.46 Lakh (FY 2025) | •••• | •••• | 27.0% | •••• | Bangalore, Karnataka, India |
| HS Air Solutions Private Limited | ₹1.46 Lakh (FY 2016) | •••• | •••• | -35.0% | •••• | Delhi, India |
| Ash Will Private Limited | ₹1.46 Lakh (FY 2023) | •••• | •••• | -69.0% | •••• | Delhi, India |
| Nextshopper India Private Limited | ₹1.46 Lakh (FY 2021) | •••• | •••• | -11.0% | •••• | Vapi, Gujarat, India |
Peers are the five companies nearest above and the five nearest below True in Technology by revenue in the same principal business activity (Wholesale Trading), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of True in Technology Private Limited
True in Technology Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at True in Technology Private Limited
Employment history and EPFO contributions of people linked to True in Technology.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on True in Technology Private Limited
True in Technology Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Ashitosh Shashikant Shivtarkar was appointed as Director on 21 Jan 2022.
Credit Ratings, Litigation & Regulatory Alerts for True in Technology Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by True in Technology Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of True in Technology Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of True in Technology Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of True in Technology Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about True in Technology Private Limited
True in Technology is an active private limited company based in Thane, Maharashtra, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 21 January 2022 (4+ years old) and is registered under CIN U72900MH2022PTC375266.
True in Technology reported revenue of ₹1.46 Lakh for FY 2024 (down 59% YoY).
True in Technology has 2 current directors:
- Ashitosh Shashikant Shivtarkar - Director
- Sanjay Gopichand Desai - Director
True in Technology reported a net profit of ₹10,704 (net margin 7.3%) and EBITDA of ₹14,467 (EBITDA margin 9.9%) for FY 2024, as per its filed financial statements.
The CIN (Corporate Identification Number) of True in Technology is U72900MH2022PTC375266. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True in Technology was incorporated on 21 January 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of True in Technology by revenue are Goodview Sales Private Limited, Noble Multi Systems Private Limited, Casa De Flora Private Limited, M and N Machines Private Limited, Medicative Life Sciences Private Limited and 5 more, all in the same principal business activity (Wholesale Trading).
Ashitosh Shashikant Shivtarkar was appointed as Director on 21 Jan 2022. Sanjay Gopichand Desai was appointed as Director on 21 Jan 2022.
The registered office of True in Technology is at Flat No – D402 Pratik Chs Ltd Ramchandra Nagar No – 3 Vaitiwadi, Thane, Maharashtra, India – 400604.
True in Technology has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.
True in Technology operates in the information technology industry, in the other computer related activities segment.