About True North Ventures Private Limited
Data last updated:
True North Ventures Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the investment banking and advisory segment of the financial services sector. It was incorporated on 18 January 2000.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2000PTC123712. Its GSTIN is 27AABCG0967G1ZN (Maharashtra). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹8 Cr and a paid-up capital of ₹1.97 Cr. It was formerly known as India Value Fund Advisors Private Limited. It was led by directors Ravi Vira Gupta and Rajagopalan Santhanam.
Its last annual general meeting (AGM) was held on 09 July 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Suite F9C Grand Hyatt Plaza Santacruz (East) India, Mumbai, Maharashtra, India – 400055.
As per the financials filed for FY 2022, the company reported a revenue of ₹21.18 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹17.65 Cr (net margin 83.3%) and EBITDA of ₹20.62 Cr (EBITDA margin 97.4%). Revenue has grown at a compounded annual rate (CAGR) of 231% over three years and 130% over five years.
Court records list 2 cases involving the company, including 2 filed by the company. The company has 12 deals on record (11 secondary share transfers, 1 rights issue); the latest was in March 2022. Its 10 peer companies in the BFSI industry (Investment Banking) are compared by revenue, 5 larger and 5 smaller; the largest is RBP Holdings Private Limited with revenue of ₹25.32 Cr.
The last known website on record is truenorth.co.in.
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- Registered AddressSuite F9C Grand Hyatt Plaza Santacruz (East) India, Mumbai, Maharashtra, India – 400055
- IndustryFinancial Services, Investment Banking & Advisory
- 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
Financials of True North Ventures Private Limited FY 2022 filings available
True North Ventures Private Limited reported revenue of ₹21.18 Cr (up 3584% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of True North Ventures Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 130% over five years. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of True North Ventures Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹21.18 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹20.62 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹17.65 Cr | •••• | •••• | •••• | •••• |
| 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 Ventures Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 97.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 83.3% | •••• | •••• | •••• | •••• |
| 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 North Ventures 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 Ventures Private Limited
True North Ventures Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Investment Banking). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RBP Holdings Private Limited | ₹25.32 Cr (FY 2025) | •••• | •••• | -66.0% | •••• | Mumbai, Maharashtra, India |
| Shapoorji Pallonji Investment Advisors Private Limited | ₹24.54 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Mizuho Securities India Private Limited | ₹22.9 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| HSJ Investments and Holdings Private Limited | ₹22.35 Cr (FY 2025) | •••• | •••• | -48.0% | •••• | Ludhiana, Punjab, India |
| Haitong Securities India Private Limited | ₹21.72 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Mumbai, Maharashtra, India |
| True North Ventures Private Limited this company | ₹21.18 Cr (FY 2022) | •••• | •••• | 3584.0% | •••• | Mumbai, Maharashtra, India |
| Dixit Holdings Private Limited | ₹20.36 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | New Delhi, Delhi, India |
| 3I India Private Limited | ₹20.23 Cr (FY 2023) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| Pari Washington Investment Managers Private Limited | ₹19.09 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Chennai, Tamil Nadu, India |
| Arissan Power Limited | ₹18.75 Cr (FY 2025) | •••• | •••• | -55.0% | •••• | Kolkata, West Bengal, India |
| Pivotal Securities Private Limited | ₹18.48 Cr (FY 2016) | •••• | •••• | -28.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below True North Ventures by revenue in the BFSI industry (Investment Banking), 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 Ventures Private Limited
True North Ventures Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells LLP | 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 Ventures Private Limited
True North Ventures has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Vira Gupta | Director | 02 Dec 2015 | 10 Years 10 Months | As last reported |
| Rajagopalan Santhanam | Director | 15 Feb 2011 | 15 Years 8 Months | As last reported |
Ownership and Shareholding of True North Ventures 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 Ventures Private Limited
True North Ventures Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of True North Ventures Private Limited
True North Ventures Private Limited has 12 deals on record (11 secondary share transfers, 1 rights issue); the latest was in March 2022.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Rights issue | ₹15.7 Lakh | Investors: True North Corporate Private Limited , 2 individuals |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: True North Corporate Private Limited Seller: Goa GP Holdings LLC, Global Opportunity Advisors Llc |
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: Goa GP Holdings LLC Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Dalmia Group Holdings, an individual |
| Jan 2007 | Secondary share transfer | Undisclosed | Seller: Ambit RSM Private Limited, Housing Development Finance Corporation Limited (Hdfc), Global Opportunity Advisors Llc |
Full deal history
All 12 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of True North Ventures Private Limited
True North Ventures Private Limited has 2 court cases on record: 2 filed by True North Ventures. All cases are disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed by the company | Disposed |
| Bombay High Court | Appeal | Filed by the company | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at True North Ventures Private Limited
Employment history and EPFO contributions of people linked to True North Ventures.
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 Ventures Private Limited
True North Ventures Private Limited has 10 board changes on record since 2008: 2 appointments and 8 cessations. The latest: Ashok Wadhwa ceased to be Director on 21 Aug 2017.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for True North Ventures 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 Ventures 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 Ventures 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 Ventures Private Limited
True North Ventures has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCG0967G1ZN | Maharashtra | Active | 01 Jul 2017 |
| 29AABCG0967G1ZJ | Karnataka | Active | 01 Jul 2017 |
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 Ventures 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.
Related news about True North Ventures Private Limited
Frequently Asked Questions about True North Ventures Private Limited
True North Ventures has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
True North Ventures was a private limited company based in Mumbai, Maharashtra, India. The company worked in investment banking and advisory, within the financial services industry. It was incorporated on 18 January 2000 and is registered under CIN U67190MH2000PTC123712. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
True North Ventures was incorporated on 18 January 2000. It is registered with the Registrar of Companies, Mumbai.
True North Ventures had 2 directors:
- Ravi Vira Gupta - Director
- Rajagopalan Santhanam - Director
The CIN (Corporate Identification Number) of True North Ventures is U67190MH2000PTC123712. 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 Ventures is at Suite F9C Grand Hyatt Plaza Santacruz East India, Mumbai, Maharashtra, India – 400055.
True North Ventures can be reached through the website truenorth.co.in. Its registered office is in Mumbai, Maharashtra, India.
True North Ventures reported revenue of ₹21.18 Cr for FY 2022 (up 3584% YoY).
True North Ventures has an authorised share capital of ₹8 Cr and a paid-up capital of ₹1.97 Cr.
True North Ventures reported a net profit of ₹17.65 Cr (net margin 83.3%) and EBITDA of ₹20.62 Cr (EBITDA margin 97.4%) for FY 2022, as per its filed financial statements.
The GSTIN of True North Ventures is 27AABCG0967G1ZN, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AABCG0967G1ZJ (Karnataka).