Truesource Solutions Private Limited
About Truesource Solutions Private Limited
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Truesource Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the educational support services segment of the education and learning sector. It was incorporated on 19 November 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2015PTC270293. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹90,000 and a paid-up capital of ₹20,000. It is led by directors Manish Janardan Nigudkar and Deepak Pratapbhai Katira.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹40.19 Lakh, a growth of 94% compared to the previous year. For the same year it recorded a net profit of ₹1.54 Lakh (net margin 3.8%) and EBITDA of ₹2.43 Lakh (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 247% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Truesource Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB/002 Dak Sangathan Co – Op. Hsg. Soc Off. Gen. A.K. Vaidya Marg Dindoshi Ma, Lad (East), Mumbai, Maharashtra, India – 400097
- IndustryEducation & Learing, Educational Support Services
To see the full contact details of Truesource Solutions 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 Truesource Solutions is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Truesource Solutions Private Limited, buy the company report.
Financials of Truesource Solutions Private Limited
FY 2019 filings availableTruesource Solutions Private Limited reported revenue of ₹40.19 Lakh (up 94% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 247% over three years, including 94% growth in the latest year. EBITDA rose 207% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹40.19 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹2.43 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.54 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
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| Investments | ||||
| Inventories | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 6% | |||
| Net Profit Margin | 3.8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Truesource Solutions Private Limited, buy the company report.
Board of directors of Truesource Solutions Private Limited
Truesource Solutions 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 |
|---|---|---|---|---|
| Deepak Pratapbhai Katira | Additional Director | 01 Jun 2019 | 7 Years 4 Months | Current |
| Manish Janardan Nigudkar | Director | 19 Nov 2015 | 10 Years 11 Months | Current |
Peer comparison
Truesource Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (architecture, engineering activities, technical testing and analysis activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Novel Engineering Consultants Private Limited | ₹40.33 Lakh (FY 2024) | 14.0% | Bangalore, Karnataka, India | |||
| Uniland Infratech Private Limited | ₹40.31 Lakh (FY 2018) | 5701.0% | Kollam, Kerala, India | |||
| Ramayugen Worldways Private Limited | ₹40.26 Lakh (FY 2025) | 107.0% | Delhi, India | |||
| Vinod Shah Consulting Engineers Private Limited | ₹40.25 Lakh (FY 2025) | -29.0% | Ahmedabad, Gujarat, India | |||
| Penguin Mechanical Solutions Limited | ₹40.23 Lakh (FY 2025) | -31.0% | Saharanpur, Uttar Pradesh, India | |||
| Truesource Solutions Private Limitedthis company | ₹40.19 Lakh (FY 2019) | ₹1.54 Lakh | 3.8% | 94.0% | Mumbai, Maharashtra, India | |
| Clickthru Technologies Private Limited | ₹40.15 Lakh (FY 2022) | 323.0% | Bangalore, Karnataka, India | |||
| Alsan Loco Engineering Private Limited | ₹40.11 Lakh (FY 2023) | Gwalior, Madhya Pradesh, India | ||||
| Implement Technology Services Private Limited | ₹40.1 Lakh (FY 2018) | 25.0% | Rampurhat, West Bengal, India | |||
| Sigma Associates Private Limited | ₹40.08 Lakh (FY 2022) | 4.0% | Mumbai, Maharashtra, India | |||
| Katragadda Engineering Services Private Limited | ₹40.05 Lakh (FY 2024) | 2346.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Truesource Solutions Private Limited, buy the company report.
Shareholding
The shareholding of Truesource Solutions Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Truesource Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Truesource Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Truesource Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Truesource Solutions 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 Truesource Solutions Private Limited, buy the company report.
Recent activity
Truesource Solutions Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Deepak Govindji Pandhi ceased to be Director on 03 Jun 2019.
Frequently asked questions
Truesource Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in educational support services, within the education and learning industry. It was incorporated on 19 November 2015 (11+ years old) and is registered under CIN U74120MH2015PTC270293.
Truesource Solutions has 2 current directors:
- Deepak Pratapbhai Katira - Additional Director
- Manish Janardan Nigudkar - Director
The latest financial statements of Truesource Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2016 are in the company report.
No. Truesource Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Truesource Solutions is U74120MH2015PTC270293. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Truesource Solutions was incorporated on 19 November 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Truesource Solutions by revenue are Novel Engineering Consultants Private Limited, Uniland Infratech Private Limited, Ramayugen Worldways Private Limited, Vinod Shah Consulting Engineers Private Limited, Penguin Mechanical Solutions Limited and 5 more, all in the same principal business activity (architecture, engineering activities, technical testing and analysis activities).
Deepak Govindji Pandhi ceased to be Director on 03 Jun 2019. Deepak Pratapbhai Katira was appointed as Additional Director on 01 Jun 2019. Manish Janardan Nigudkar was appointed as Director on 19 Nov 2015.
The registered office of Truesource Solutions is at B002 Dak Sangathan Co – Op. Hsg. Soc Off. Gen. A.K. Vaidya Marg Dindoshi Ma, Lad East, Mumbai, Maharashtra, India – 400097.
Truesource Solutions operates in the education and learning industry, in the educational support services segment.
The compliance status of Truesource Solutions is compliant as of 14 September 2026. The company is actively filing with the Registrar of Companies.