About Truedeal Forex Private Limited
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Truedeal Forex Private Limited is a private limited company based in Noida, Uttar Pradesh, India. It operates in the forex services segment of the financial services sector. It was incorporated on 08 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U67190UP2015PTC071259. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Aman Arora and Dilip Kumar Verma.
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 B – 206 Ithum Tower Plot No. A 40 Sector 62 Noida, Uttar Pradesh, India – 201301.
As per the financials filed for FY 2022, the company reported a revenue of ₹8.82 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹6,794 (net margin 0%) and EBITDA of ₹10,946 (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 41% over five years.
The company is associated with 1 brand: Truedeal. Court records list 4 cases involving the company, including 4 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website truedeal.org.
Company details
Contact details
Truedeal Forex Private Limited's registered office is in Noida, Uttar Pradesh. Its website is truedeal.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 206 Ithum Tower Plot No. A 40 Sector 62 Noida, Uttar Pradesh, India – 201301
- IndustryFinancial Services, Forex Services
To see the full contact details of Truedeal Forex Private Limited, buy the company report.
- 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
Brands
Truedeal Forex operates one associated brand: Truedeal. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| truedeal.org |
Business activity
The main business activity of Truedeal Forex is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Truedeal Forex Private Limited, buy the company report.
Financials of Truedeal Forex Private Limited
FY 2024 filings availableTruedeal Forex Private Limited reported revenue of ₹8.82 Cr (up 601% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years, including 601% growth in the latest year. EBITDA fell 94% in the latest year. 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹10,946 | ||||
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| Net Profit (PAT) | -₹6,794 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 0% | ||||
| Net Profit Margin | 0% | ||||
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To see the full financial statements and ratios of Truedeal Forex Private Limited, buy the company report.
Board of directors of Truedeal Forex Private Limited
Truedeal Forex has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilip Kumar Verma | Additional Director | 13 Jun 2022 | 4 Years 4 Months | Current |
| Aman Arora Also directs: Truedeal Solutions Private Limited, Tenacity Forex Private Limited, Aatreya Truehomes Private Limited and 2 more | Director | 08 Jun 2015 | 11 Years 4 Months | Current |
Peer comparison
Truedeal Forex Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chowringhee Forex & Travels Private Limited | ₹8.88 Cr (FY 2025) | -27.0% | Kolkata, West Bengal, India | |||
| Jain Money Changer Private Limited | ₹8.83 Cr (FY 2024) | 119.0% | Kolkata, West Bengal, India | |||
| Truedeal Forex Private Limitedthis company | ₹8.82 Cr (FY 2022) | -₹6,794 | 0% | 601.0% | Noida, Uttar Pradesh, India | |
| Kumar Forex Money Changers Private Limited | ₹8.82 Cr (FY 2025) | -47.0% | Sangrur, Punjab, India | |||
| Kallu Forex Private Limited | ₹8.81 Cr (FY 2025) | -7.0% | Mumbai, Maharashtra, India | |||
| Elite Forex Private Limited | ₹8.8 Cr (FY 2025) | -6.0% | Chennai, Tamil Nadu, India | |||
| Rio Forex Private Limited | ₹8.76 Cr (FY 2025) | -51.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Truedeal Forex Private Limited, buy the company report.
Auditor
Truedeal Forex Private Limited is audited by SUNIL NISAR & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUNIL NISAR & CO | FY 2018 | 010933C |
Shareholding
The shareholding of Truedeal Forex Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Truedeal Forex Private Limited, buy the company report.
Legal cases
Truedeal Forex Private Limited has 4 court cases on record: 4 filed against it. 3 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 3 |
Cases on record (2 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, East, Delhi | Criminal case | Filed against the company by Easy Trip Planners Ltd. | Disposed |
| District court, Gorakhpur, Uttar Pradesh | Criminal case | Filed against the company by an individual | Pending |
To see the full case history of Truedeal Forex Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Truedeal Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Truedeal Forex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Truedeal Forex Private Limited, buy the company report.
Recent activity
Truedeal Forex Private Limited has 5 board changes on record since 2015: 2 appointments and 3 cessations. The latest: Tushar Mishra ceased to be Director on 14 Jun 2022.
Frequently asked questions
Truedeal Forex is an active private limited company based in Noida, Uttar Pradesh, India. The company works in forex services, within the financial services industry. It was incorporated on 08 June 2015 (11+ years old) and is registered under CIN U67190UP2015PTC071259.
Truedeal Forex has 2 current directors:
- Dilip Kumar Verma - Additional Director
- Aman Arora - Director
The latest financial statements of Truedeal Forex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2016 are in the company report.
No. Truedeal Forex has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Truedeal Forex is U67190UP2015PTC071259. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Truedeal Forex has 4 court cases on record: 4 filed against it. 3 are pending.
Truedeal Forex was incorporated on 08 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Truedeal Forex by revenue are Chowringhee Forex & Travels Private Limited, Jain Money Changer Private Limited, Kumar Forex Money Changers Private Limited, Kallu Forex Private Limited, Elite Forex Private Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Tushar Mishra ceased to be Director on 14 Jun 2022. Dilip Kumar Verma was appointed as Additional Director on 13 Jun 2022. Anitya Dubey ceased to be Additional Director on 22 Jan 2018. Truedeal Forex has 5 board changes on record in total.
Truedeal Forex can be reached through the website truedeal.org. Its registered office is in Noida, Uttar Pradesh, India.
The registered office of Truedeal Forex is at B – 206 Ithum Tower Plot No. A 40 Sector 62 Noida, Uttar Pradesh, India – 201301.
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