Truepay Finance Private Limited
About Truepay Finance Private Limited
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Truepay Finance Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 22 June 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65910GJ1995PTC026442.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.77 Cr. It is led by directors Gautamkumar Bharatbhai Patel and Jasmin Vishnubhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.91 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹67.33 Lakh (net margin 35.3%) and EBITDA of ₹1.56 Cr (EBITDA margin 81.7%). Revenue has grown at a compounded annual rate (CAGR) of 114% over three years and 52% over five years.
Court records list 11 cases involving the company, including 10 filed by the company and 1 filed against it; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Truepay Finance Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No. 604 6th Floor, Fortune Business Hub Nr. Satyamev Elysiym, Ahmedabad, Gujarat, India – 380060
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Truepay Finance 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
Business activity
The main business activity of Truepay Finance 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 Truepay Finance Private Limited, buy the company report.
Financials of Truepay Finance Private Limited
FY 2025 filings availableTruepay Finance Private Limited reported revenue of ₹1.91 Cr (up 794% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 794% growth 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.56 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹67.33 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 81.7% | ||||
| Net Profit Margin | 35.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Truepay Finance Private Limited, buy the company report.
Board of directors of Truepay Finance Private Limited
Truepay Finance has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautamkumar Bharatbhai Patel | Director | 12 Mar 2008 | 18 Years 8 Months | Current |
| Jasmin Vishnubhai Patel | Director | 01 Nov 2014 | 12 Years 0 Months | Current |
Peer comparison
Truepay Finance Private Limited is compared with the 9 companies closest to it by revenue in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), 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 |
|---|---|---|---|---|---|---|
| Poulami Trading & Investment Pvt.Ltd. | ₹1.91 Cr (FY 2024) | 239.0% | Kolkata, West Bengal, India | |||
| Richman Fincap Limited | ₹1.91 Cr (FY 2025) | 843.0% | New Delhi, Delhi, India | |||
| Dew Point Credit Pvt Ltd | ₹1.91 Cr (FY 2025) | 78.0% | Kolkata, West Bengal, India | |||
| Novjoy Emporium Pvt Ltd | ₹1.91 Cr (FY 2025) | 261.0% | Kolkata, West Bengal, India | |||
| Truepay Finance Private Limitedthis company | ₹1.91 Cr (FY 2025) | ₹67.33 Lakh | 35.3% | 794.0% | Ahmedabad, Gujarat, India | |
| Rohil Investment & Finance Company Ltd. | ₹1.9 Cr (FY 2025) | 1453.0% | Kolkata, West Bengal, India | |||
| Mosurachi India Finance Private Limited | ₹1.9 Cr (FY 2024) | -35.0% | Jaipur, Rajasthan, India | |||
| Taj Vincom Pvt Ltd | ₹1.9 Cr (FY 2025) | -44.0% | Kolkata, West Bengal, India | |||
| Muthoottu Finance and Services Private Limited | ₹1.9 Cr (FY 2025) | 118.0% | Ernakulam, Kerala, India | |||
| Bairavi Vincom Pvt.Ltd. | ₹1.9 Cr (FY 2024) | -9.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Truepay Finance Private Limited, buy the company report.
Auditor
Truepay Finance Private Limited is audited by MOHIT SOLANKI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MOHIT SOLANKI & CO | FY 2023 | 164148 |
Shareholding
The shareholding of Truepay Finance Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Truepay Finance Private Limited, buy the company report.
Legal cases
Truepay Finance Private Limited has 11 court cases on record: 10 filed by Truepay Finance, 1 filed against it. 9 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 1 | 9 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed by the company against Creduce Technologies Pvt Ltd | Pending |
| District court, SAS Nagar, Punjab | Civil suit | Filed against the company by Tac Holdings Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Kreadyus Technology Pvt Ltd | Pending |
To see the full case history of Truepay Finance 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 Truepay Finance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Truepay Finance Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Truepay Finance Private Limited has 7 board changes on record since 2008: 2 appointments and 5 cessations. The latest: Jasmin Vishnubhai Patel ceased to be Additional Director on 30 Sep 2015.
Frequently asked questions
Truepay Finance is an active private limited company based in Ahmedabad, Gujarat, India. The company works in nbfc, within the financial services industry. It was incorporated on 22 June 1995 (31+ years old) and is registered under CIN U65910GJ1995PTC026442.
Truepay Finance has 2 current directors:
- Gautamkumar Bharatbhai Patel - Director
- Jasmin Vishnubhai Patel - Director
The latest financial statements of Truepay Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Truepay Finance is U65910GJ1995PTC026442. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Truepay Finance has 11 court cases on record: 10 filed by the company and 1 filed against it. 9 are pending.
Truepay Finance was incorporated on 22 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Truepay Finance by revenue are Poulami Trading & Investment Pvt.Ltd, Richman Fincap Limited, Dew Point Credit Pvt Ltd, Novjoy Emporium Pvt Ltd, Rohil Investment & Finance Company Ltd. and 4 more, all in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Jasmin Vishnubhai Patel ceased to be Additional Director on 30 Sep 2015. Jasmin Vishnubhai Patel was appointed as Director on 01 Nov 2014. Vishnubhai Prahaladbhai Patel ceased to be Director on 01 Nov 2014. Truepay Finance has 7 board changes on record in total.
The registered office of Truepay Finance is at Office No. 604 6th Floor, Fortune Business Hub Nr. Satyamev Elysiym, Ahmedabad, Gujarat, India – 380060.
Truepay Finance operates in the financial services industry, in the nbfc segment.
The compliance status of Truepay Finance is compliant as of 11 July 2026. The company is actively filing with the Registrar of Companies.
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