Truestreet Global Services Private Limited
About Truestreet Global Services Private Limited
Data last updated:
Truestreet Global Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 03 April 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63000KA1990PTC010864. Its GSTIN is 29AAACV7459F2ZX (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹8 Lakh and a paid-up capital of ₹7.39 Lakh. It was formerly known as Newtech Global Vision Private Limited and Biovision Global Services Private Limited. It is led by directors including Thomas Kurian Kochukoycal and Maddanaswamy Bhari Vrushabhendrappa.
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 Mezzanine Floor Bmtc – Ttmc Domlur, Bangalore, Karnataka, India – 560071.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.45 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹30 Lakh (net margin 20.7%) and EBITDA of ₹44.97 Lakh (EBITDA margin 31%). Revenue has grown at a compounded annual rate (CAGR) of 340% over three years and 51% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Truestreet Global Services has undergone 3 name changes throughout its history. The company was previously known as Newtech Global Vision Private Limited, Biovision Global Services Private Limited, and Biovision Consulting India Private Limited. The current legal name is Truestreet Global Services Private Limited.
| Company Name | Status |
|---|---|
| Truestreet Global Services Private Limited | Current |
| Newtech Global Vision Private Limited | Previous |
| Biovision Global Services Private Limited | Previous |
| Biovision Consulting India Private Limited | Previous |
CIN history
Truestreet Global Services has one previous CIN (Corporate Identification Number): U29199KA1990PTC010864. The current CIN is U63000KA1990PTC010864, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63000KA1990PTC010864 | Current |
| U29199KA1990PTC010864 | Previous |
Contact details
Truestreet Global Services Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMezzanine Floor Bmtc – Ttmc Domlur, Bangalore, Karnataka, India – 560071
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Truestreet Global Services 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 Truestreet Global Services is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. |
To see the full business activity and turnover split of Truestreet Global Services Private Limited, buy the company report.
Financials of Truestreet Global Services Private Limited
FY 2024 filings availableTruestreet Global Services Private Limited reported revenue of ₹1.45 Cr (down 38% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 38% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 51%. EBITDA fell 35% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹44.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30 Lakh | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31% | ||||
| Net Profit Margin | 20.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Truestreet Global Services Private Limited, buy the company report.
Board of directors of Truestreet Global Services Private Limited
Truestreet Global Services has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maddanaswamy Bhari Vrushabhendrappa Also directs: Newtech Apparels (India) Private Limited | Additional Director | 29 Jul 2022 | 4 Years 3 Months | Current |
| Thomas Kurian Kochukoycal | Director | 01 Mar 2011 | 15 Years 8 Months | Current |
| Sanjay Kurian Thomas Also directs: Newtech Apparels (India) Private Limited | Additional Director | 14 Jan 2015 | 11 Years 9 Months | Current |
Auditor
Truestreet Global Services Private Limited is audited by BVM SWAMY & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BVM SWAMY & ASSOCIATES | FY 2022 | 023235S |
Shareholding
The shareholding of Truestreet Global Services Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Truestreet Global Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Truestreet Global Services 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 Truestreet Global Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Truestreet Global Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACV7459F2ZX | Karnataka | Active | 09 Jun 2020 |
To see the full GST registrations and return filing status of Truestreet Global Services Private Limited, buy the company report.
Recent activity
Truestreet Global Services Private Limited has 14 board changes on record since 2009: 3 appointments and 11 cessations. The latest: Maddanaswamy Bhari Vrushabhendrappa was appointed as Additional Director on 29 Jul 2022.
5 earlier events are in the company report.
Frequently asked questions
Truestreet Global Services is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 03 April 1990 (36+ years old) and is registered under CIN U63000KA1990PTC010864.
Truestreet Global Services has 3 current directors:
- Maddanaswamy Bhari Vrushabhendrappa - Additional Director
- Thomas Kurian Kochukoycal - Director
- Sanjay Kurian Thomas - Additional Director
The latest financial statements of Truestreet Global Services 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 2015 are in the company report.
The GSTIN of Truestreet Global Services is 29AAACV7459F2ZX, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Truestreet Global Services is U63000KA1990PTC010864. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Truestreet Global Services was incorporated on 03 April 1990, making it 36+ years old. It is registered with the Registrar of Companies, Bangalore.
Maddanaswamy Bhari Vrushabhendrappa was appointed as Additional Director on 29 Jul 2022. Swati Sinha ceased to be Director on 20 Jun 2019. Shivakumar Malagan ceased to be Additional Director on 01 Nov 2016. Truestreet Global Services has 14 board changes on record in total.
The registered office of Truestreet Global Services is at Mezzanine Floor Bmtc – Ttmc Domlur, Bangalore, Karnataka, India – 560071.
Truestreet Global Services operates in the business outsourcing industry, in the business and IT consulting segment.
The compliance status of Truestreet Global Services is compliant as of 29 July 2026. The company is actively filing with the Registrar of Companies.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
