True North Resources Private Limited
About True North Resources Private Limited
Data last updated:
True North Resources Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 23 July 2014.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U14200KA2014PTC075478. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Vinodkumar and Kumarswamyraju Madiraju.
Its last annual general meeting (AGM) was held on 27 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at No. 760 2nd Floor 100 Feet Road Indiranagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2017, the company reported a revenue of ₹79,859, a decline of 81% compared to the previous year. For the same year it recorded a net loss of ₹43,066 (net margin -53.9%) and EBITDA of -₹37,291 (EBITDA margin -46.7%).
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- Registered AddressNo. 760 2nd Floor 100 Feet Road Indiranagar, Bangalore, Karnataka, India – 560038
- IndustryInformation Technology, IT Consulting & Support Services
- 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 North Resources Private Limited
The main business activity of True North Resources is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | 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 North Resources Private Limited FY 2017 filings available
True North Resources Private Limited reported revenue of ₹79,859 (down 81% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of True North Resources Private Limited
Revenue fell 81% in the latest year. EBITDA rose 97% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of True North Resources Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| 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 | -₹37,291 | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹43,066 | •••• | •••• |
| 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 North Resources Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -46.7% | •••• | •••• |
| Net Profit Margin | -53.9% | •••• | •••• |
| 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 North Resources are in the company report.
Financial statements from 2015
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.
Peer Comparison of True North Resources Private Limited
True North Resources Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (IT Consulting and Services, Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Accurth Global Services Private Limited | ₹80,480 (FY 2018) | •••• | •••• | -79.0% | •••• | Noida, Uttar Pradesh, India |
| Topsys Solutions Private Limited | ₹80,405 (FY 2022) | •••• | •••• | -91.0% | •••• | Bangalore, Karnataka, India |
| Mallani Infotech Private Limited | ₹80,000 (FY 2025) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
| Aramco Solutions Private Limited | ₹80,000 (FY 2022) | •••• | •••• | -56.0% | •••• | Gorakhpur, Uttar Pradesh, India |
| Maxwell Infotech Limited | ₹80,000 (FY 2025) | •••• | •••• | -70.0% | •••• | New Delhi, Delhi, India |
| True North Resources Private Limited this company | ₹79,859 (FY 2017) | •••• | •••• | -81.0% | •••• | Bangalore, Karnataka, India |
| Spintex Industries Private Limited | ₹79,502 (FY 2025) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Foxpro Technologies India Private Limited | ₹79,205 (FY 2020) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Le-Collezioni Luxury Products Private Limited | ₹79,129 (FY 2021) | •••• | •••• | •••• | Bengaluru, Karnataka, India | |
| Software Solutions Infra Private Limited | ₹79,014 (FY 2025) | •••• | •••• | -99.0% | •••• | Mohali, Punjab, India |
| Codeasea Digital Private Limited | ₹79,000 (FY 2023) | •••• | •••• | -93.0% | •••• | Vadodara, Gujarat, India |
Peers are the five companies nearest above and the five nearest below True North Resources by revenue in the Manufacturing industry (IT Consulting and Services, Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of True North Resources Private Limited
True North Resources Private Limited is audited by S F & ASSOCIATES for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S F & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of True North Resources Private Limited
True North Resources has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinodkumar Also directs: Leekon Infra LLP, Hisun Mining Private Limited, Manidweepa Minerals Private Limited and 3 more | Director | 23 Jul 2014 | 12 Years 2 Months | As last reported |
| Kumarswamyraju Madiraju | Director | 23 Jul 2014 | 12 Years 2 Months | As last reported |
Ownership and Shareholding of True North Resources Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of True North Resources Private Limited
True North Resources Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at True North Resources Private Limited
Employment history and EPFO contributions of people linked to True North Resources.
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 North Resources Private Limited
True North Resources Private Limited has 3 board changes on record since 2014: 2 appointments and 1 cessation. The latest: Amit Charukirti Saibannavar ceased to be Director on 01 Jul 2015.
Credit Ratings, Litigation & Regulatory Alerts for True North Resources 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 North Resources 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 North Resources 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 North Resources Private Limited
True North Resources has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 North Resources 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 North Resources Private Limited
True North Resources has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
True North Resources was a private limited company based in Bangalore, Karnataka, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 23 July 2014 and is registered under CIN U14200KA2014PTC075478. The company has been struck off by the Registrar of Companies and is no longer operational.
True North Resources had 2 directors:
- Vinodkumar - Director
- Kumarswamyraju Madiraju - Director
The CIN (Corporate Identification Number) of True North Resources is U14200KA2014PTC075478. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of True North Resources is at No. 760 2nd Floor 100 Feet Road Indiranagar, Bangalore, Karnataka, India – 560038.
True North Resources was incorporated on 23 July 2014. It is registered with the Registrar of Companies, Bangalore.
True North Resources reported revenue of ₹79,859 for FY 2017 (down 81% YoY).
True North Resources has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh.
True North Resources reported a net loss of ₹43,066 (net margin -53.9%) and EBITDA of -₹37,291 (EBITDA margin -46.7%) for FY 2017, as per its filed financial statements.
No. True North Resources has 1 GST registration on record and it is cancelled or inactive.
True North Resources operated in the information technology industry, in the IT consulting and support services segment. It worked in this industry before it was struck off.