About True Consultancy
True Consultancy is an Industrial Goods & Manufacturing company based in Bengaluru (India) founded in 2011. Assistive technology-based products are manufactured by True Consultancy. Its Indian entity Truce Consulting Services Private Limited reported revenue of ₹3.15 Cr. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.
Company details
True Consultancy was founded in 2011 and is located in Bengaluru, India. Operations are centered on the manufacturing of assistive technology-based products within the healthcare and technology sectors. Products are developed to support accessibility needs, with activities conducted primarily from the companys base in India. The domain trueconsultancy.com is maintained for online presence and information dissemination. Focus remains on production and distribution in the assistive devices market.
- Headquarters Bengaluru, India
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website trueconsultancy.com
- Legal Name Truce Consulting Services Private Limited
- Date of Incorporation 04 Mar, 2011
- Jurisdiction Belgaum, Karnataka, India
- Annual Revenue₹3.15 Cr
FY 2024 · +64% YoY
- Net Profit₹15.8 Lakh
FY 2024 · 5% margin
- EBITDA₹45.4 Lakh
FY 2024 · 14% margin
Associated legal entities of True Consultancy
True Consultancy operates through Truce Consulting Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Truce Consulting Services Private Limited CIN U72200KA2011PTC057410 | Active | 04 Mar 2011 | Belgaum, Karnataka | ₹3.2 Cr | 2 | View details |
Funding Insights of True Consultancy
- Total Rounds 1
All 1 funding rounds of True Consultancy 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 |
|---|---|---|---|---|---|
| May 2020 | Grant | – | – | – |
Board of directors of Truce Consulting Services Private Limited (True Consultancy)
Truce Consulting Services Private Limited is the primary company behind True Consultancy. The board of Truce Consulting Services Private Limited currently have 2 directors; the longest-serving is Anand Omanna Kutre, appointed in 2011. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anand Omanna Kutre DIN 02330694 | Managing Director | 04 Mar 2011 | 15 yrs 7 mo | Truce Consulting Services Private Limited |
| Naina Shivajirao Padaki DIN 06380525 | Director | 13 Dec 2019 | 6 yrs 10 mo | Truce Consulting Services Private Limited |
Financials of True Consultancy
Figures of Truce Consulting Services Private Limited, the primary company behind True Consultancy, for FY 2024. Revenue was ₹3.15 Cr (+64% year on year). Net profit was ₹15.8 Lakh (5% margin). EBITDA was ₹45.4 Lakh (14% margin). Revenue has grown at a compounded annual rate of +64% over three years and +61% over five years.
- ₹3.15 CrRevenue · FY 2024 · +64% YoY
- ₹15.8 LakhNet profit · 5% margin
- ₹45.4 LakhEBITDA · 14% margin
- ₹2 LakhPaid-up capital
- +64%Revenue CAGR, 3 years
- +61%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Truce Consulting Services Private Limited are on its company page.
Detailed financial statements for True Consultancy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of True Consultancy
2 dated milestones of True Consultancy across 9 years, from founding to its latest funding, stage changes and deals.
- Founded True Consultancy is founded.
- Funding First funding round.
Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as True Consultancy (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Industrial components, mould bases, and storage solutions are manufactured globally. | 1986 | Coimbatore, Tamil Nadu, India | USD 28 M | USD 853.09 M | 3,060 | |
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 114.37 M | 618 | ||
Apparel and clothing are manufactured and exported on contract. | 1979 | Bengaluru, Karnataka, India | USD 400 M | 40,280 |
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Frequently Asked Questions about True Consultancy
True Consultancy was founded in 2011 and raised its 1st funding round 9 years after it was founded.
True Consultancy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind True Consultancy, Truce Consulting Services Private Limited, reported revenue of ₹3.15 Cr for FY 2024, up 64% year on year.
True Consultancy was founded in 2011 and is located in Bengaluru, India. Operations are centered on the manufacturing of assistive technology-based products within the healthcare and technology sectors. Products are developed to support accessibility needs, with activities conducted primarily from the companys base in India. The domain trueconsultancy.com is maintained for online presence and information dissemination. Focus remains on production and distribution in the assistive devices market.
True Consultancy operates through Truce Consulting Services Private Limited.
The legal entities of True Consultancy currently have 2 directors, including Naina Shivajirao Padaki, Anand Omanna Kutre.