About True Blue Asset Services
True Blue Asset Services is a Financial Services company based in Hyderabad (India) founded in 2019. Financing is provided for construction, mining equipment, and commercial vehicles. True Blue Asset Services has raised $1.23 million across 1 funding round from investors including Pmf Infra Equipment Company. The company has 82 employees. True Blue Asset Services was last valued at $12.41 million in November 2022. Its chief executive, as recorded, is V V Ramana. Its Indian entity True Blue Asset Services Private Limited reported revenue of ₹29.69 Cr. Its focus areas include Asset Finance and Diversified. Its competitors include Hinduja Leyland Finance, Sundaram Finance and National Asset Reconstruction; 2 of its 3 listed competitors have raised funding.
Company details
True Blue Asset Services was established in 2019 in Hyderabad, India, within the financial services sector. Loans and financing options are extended to clients for acquiring new and used construction and mining equipment, as well as commercial vehicles. Operations focus on asset-based lending to support equipment procurement in industrial and transportation fields, with services delivered primarily in the Indian market under the leadership of CEO V V Ramana.
- Headquarters Hyderabad, India
- Employees 82
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website tbas.in
- Social Facebook
- Legal Name True Blue Asset Services Private Limited
- Date of Incorporation 10 Jul, 2019
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹29.69 Cr
FY 2025 · -57% YoY
- Net Loss-₹4.53 Cr
FY 2025 · -15% margin
- EBITDA₹2.49 Cr
FY 2025 · 8% margin
- Total Equity Funding$1.23M (USD)
in 1 rounds
- Latest Funding Round$1.23M (USD), Seed
Nov 2022
- Employee Count82
Associated legal entities of True Blue Asset Services
True Blue Asset Services operates through True Blue Asset Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| True Blue Asset Services Private Limited CIN U51909TG2019PTC134010 | Active | 10 Jul 2019 | Hyderabad, Telangana | ₹29.7 Cr | 82 | 3 | View details |
Funding Insights of True Blue Asset Services
True Blue Asset Services has successfully raised a total of $1.23M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.23 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.23M
- Total Rounds 1
- Last Round Seed — $1.23M
- First Round $1.23M
(Nov 2022)
- Investors Count 1
All 1 funding rounds of True Blue Asset Services with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | $1.23M | Seed | $12.41M | Pmf Infra Equipment Company | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2022 | $12.41M | •••••••• |
Last known valuation $12.41M (Nov 2022). 1 investors in total: 1 institutional.
Investors in True Blue Asset Services
True Blue Asset Services has secured backing from 1 investor. Prominent investors backing the company include Pmf Infra Equipment Company.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| pmfinfraequipmentcompany.tcc.mode |
Investor details for True Blue Asset Services
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of True Blue Asset Services Private Limited (True Blue Asset Services)
True Blue Asset Services Private Limited is the primary company behind True Blue Asset Services. The board of True Blue Asset Services Private Limited currently have 3 directors; the longest-serving is Venkat Ramana Vallabhajoysula, appointed in 2019. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venkat Ramana Vallabhajoysula DIN 06559915 | Director | 10 Jul 2019 | 7 yrs 3 mo | True Blue Asset Services Private Limited |
| Rohit Chawla DIN 02678216 | Director | 20 Jan 2020 | 6 yrs 9 mo | True Blue Asset Services Private Limited |
| Amit Sharma DIN 08672417 | Director | 20 Jan 2020 | 6 yrs 9 mo | True Blue Asset Services Private Limited |
People of True Blue Asset Services
1 people are tracked at True Blue Asset Services (1 in leadership); the tracked headcount is 82.
| Name | Role | Group |
|---|---|---|
V V Ramana | CEO | Leadership |
Complete people profiles for True Blue Asset Services
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of True Blue Asset Services
Figures of True Blue Asset Services Private Limited, the primary company behind True Blue Asset Services, for FY 2025. Revenue was ₹29.69 Cr (-57% year on year). Net loss was -₹4.53 Cr (-15% margin). EBITDA was ₹2.49 Cr (8% margin). Revenue has grown at a compounded annual rate of -31% over three years.
- ₹29.69 CrRevenue · FY 2025 · -57% YoY
- -₹4.53 CrNet loss · -15% margin
- ₹2.49 CrEBITDA · 8% margin
- ₹55.6 LakhPaid-up capital
- 82Employees (provident fund records)
- -31%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of True Blue Asset Services Private Limited are on its company page.
Detailed financial statements for True Blue Asset Services
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of True Blue Asset Services
3 dated milestones of True Blue Asset Services across 3 years, from founding to its latest funding, stage changes and deals.
- Founded True Blue Asset Services is founded.
- Funding First funding round of $1.2M.
- Milestone Reaches Minicorn status.
Competitors of True Blue Asset Services
True Blue Asset Services has 3 listed competitors in our database, 2 of them funded. They include Hinduja Leyland Finance, Sundaram Finance and National Asset Reconstruction.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hindujaleylandfinance.com | 2008 | Chennai, India | $276.07M | 14,664 | Vehicle and housing finance products are offered across India. | |
| sundaramfinance.in | 1954 | Chennai, India | 8,285 | Provider of consumer & SME loans and equipment & vehicle leasing services | ||
| narcl.co.in | 2021 | Mumbai, India | $9.18M | Non-banking financial institution tasked with cleaning up legacy stressed assets |
Detailed competitors of True Blue Asset Services
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Asset Finance
3 companies that operate in the same segment as True Blue Asset Services (Asset Finance) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Vehicle and housing finance products are offered across India. | 2008 | Chennai, Tamil Nadu, India | USD 276.07 M | USD 10.55 M | 14,664 | |
Provider of consumer & SME loans and equipment & vehicle leasing services | 1954 | Chennai, Tamil Nadu, India | USD 1.04 B | 6,890 | ||
Online B2B rentals of heavy machinery and equipment are facilitated. | 2014 | Mumbai, Maharashtra, India | USD 36.22 M | USD 58.16 M | 36 |
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Frequently Asked Questions about True Blue Asset Services
True Blue Asset Services was founded in 2019 and raised its 1st funding round 3 years after it was founded.
True Blue Asset Services is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
V V Ramana is the CEO of True Blue Asset Services, as recorded in our data.
True Blue Asset Services is a funded company, having raised a total of $1.23M across 1 funding round to date. The company's 1st funding round was a Seed of $1.23M, raised on Nov 2022.
True Blue Asset Services has 82 employees.
The primary company behind True Blue Asset Services, True Blue Asset Services Private Limited, reported revenue of ₹29.69 Cr for FY 2025, down 57% year on year.
True Blue Asset Services was established in 2019 in Hyderabad, India, within the financial services sector. Loans and financing options are extended to clients for acquiring new and used construction and mining equipment, as well as commercial vehicles. Operations focus on asset-based lending to support equipment procurement in industrial and transportation fields, with services delivered primarily in the Indian market under the leadership of CEO V V Ramana.
True Blue Asset Services's top competitors include Hinduja Leyland Finance, Sundaram Finance and National Asset Reconstruction.
True Blue Asset Services has 1 investor. Key investors include Pmf Infra Equipment Company.
The valuation of True Blue Asset Services is $12.41M as of Nov 2022.
True Blue Asset Services operates through True Blue Asset Services Private Limited.
The legal entities of True Blue Asset Services currently have 3 directors, including Venkat Ramana Vallabhajoysula, Rohit Chawla, Amit Sharma.