About Ground Truth Technology Private Limited
Data last updated:
Ground Truth Technology Private Limited is a private limited company based in Kharegaon (Thane), Maharashtra, India, recognised as a startup by DPIIT. It operates in the database management and solutions segment of the technology and IT services sector. It was incorporated on 31 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2019PTC332384. Its GSTIN is 27AAICG0560G1ZR (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.23 Lakh. It is led by directors Nikit Dipak Shrungarpawar (Whole-Time Director) and Himangshu Das (Whole-Time Director).
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 R No 702 Krishna Apt Nr Raghukul So Parsik Nagar Kharegaon, Kharegaon (Thane), Maharashtra, India – 400602.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.47 Cr, a growth of 72% compared to the previous year. For the same year it recorded a net loss of ₹65.75 Lakh (net margin -44.8%) and EBITDA of -₹63.42 Lakh (EBITDA margin -43.2%). Revenue has grown at a compounded annual rate (CAGR) of 244% over three years.
The company is associated with 1 brand: Tathya. The company has 5 deals on record (3 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹3.14 Cr; the latest was in December 2022. Its 10 peer companies in the Information Technology industry (Database Management) are compared by revenue, 5 larger and 5 smaller; the largest is CT Info Private Limited with revenue of ₹1.51 Cr.
For more details, the company can be reached via its website tathya.earth.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressR No 702 Krishna Apt Nr Raghukul So Parsik Nagar Kharegaon, Kharegaon (Thane), Maharashtra, India – 400602
- IndustryInformation Technology, Database Management & Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Ground Truth Technology Private Limited
The main business activity of Ground Truth Technology is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ground Truth Technology Private Limited FY 2025 filings available
Ground Truth Technology Private Limited reported revenue of ₹1.47 Cr (up 72% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ground Truth Technology Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 244% over three years, including 72% growth in the latest year. EBITDA fell 92% 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 of Ground Truth Technology Private Limited
| 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 | -₹63.42 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹65.75 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 of Ground Truth Technology Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -43.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -44.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ground Truth Technology are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ground Truth Technology Private Limited
Ground Truth Technology Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Database Management). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| CT Info Private Limited | ₹1.51 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Pune, Maharashtra, India |
| Zebi Data India Private Limited | ₹1.51 Cr (FY 2021) | •••• | •••• | -78.0% | •••• | Nellore, Andhra Pradesh, India |
| Shree Krishna Compusoft Private Limited | ₹1.51 Cr (FY 2025) | •••• | •••• | 48.0% | •••• | Lucknow, Uttar Pradesh, India |
| Amberflux Edgeai Private Limited | ₹1.5 Cr (FY 2025) | •••• | •••• | 2155.0% | •••• | Hyderabad, Telangana, India |
| Valuedata Technologies Private Limited | ₹1.5 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Mumbai, Maharashtra, India |
| Ground Truth Technology Private Limited this company | ₹1.47 Cr (FY 2024) | •••• | •••• | 72.0% | •••• | Kharegaon (Thane), Maharashtra, India |
| Soulpage IT Solutions Private Limited | ₹1.47 Cr (FY 2025) | •••• | •••• | -47.0% | •••• | Hyderabad, Telangana, India |
| Dowhyolo.Com India Private Limited | ₹1.47 Cr (FY 2024) | •••• | •••• | 52.0% | •••• | Delhi, India |
| Stockopedia Technology India Private Limited | ₹1.46 Cr (FY 2022) | •••• | •••• | -47.0% | •••• | Bangalore, Karnataka, India |
| Compucom Technologies Pvt. Ltd | ₹1.45 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Jaipur, Rajasthan, India |
| Swami International Back Office Services Private Limited | ₹1.45 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Ground Truth Technology by revenue in the Information Technology industry (Database Management), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ground Truth Technology Private Limited
Ground Truth Technology Private Limited is audited by Agarwal Dave & Co for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Agarwal Dave & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ground Truth Technology Private Limited
Ground Truth Technology has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikit Dipak Shrungarpawar Also directs: Earthview Analytics Limited Liability Partnership | Whole-Time Director | 31 Oct 2019 | 6 Years 11 Months | Current |
| Himangshu Das Also directs: Earthview Analytics Limited Liability Partnership | Whole-Time Director | 31 Oct 2019 | 6 Years 11 Months | Current |
Ownership and Shareholding of Ground Truth Technology Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ground Truth Technology Private Limited
Ground Truth Technology Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Ground Truth Technology Private Limited
Ground Truth Technology Private Limited has 5 deals on record (3 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹3.14 Cr; the latest was in December 2022.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Funding round | ₹1.2 Cr | Investors: 2 individuals |
| Apr 2020 | Funding round | ₹65.2 Lakh | Investors: 4 individuals |
| Mar 2020 | Funding round | ₹65 Lakh | Investors: Turbostart |
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Ground Truth Technology Private Limited
Ground Truth Technology operates one associated brand: TATHYA. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides satellite data analytics using machine learning and AI | tathya.earth |
Employees and EPFO Compliance at Ground Truth Technology Private Limited
Employment history and EPFO contributions of people linked to Ground Truth Technology.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ground Truth Technology Private Limited
Ground Truth Technology Private Limited has 4 board changes on record since 2019: 2 appointments and 2 cessations. The latest: Himangshu Das ceased to be Director on 01 Feb 2020.
Credit Ratings, Litigation & Regulatory Alerts for Ground Truth Technology Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ground Truth Technology Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ground Truth Technology Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ground Truth Technology Private Limited
Ground Truth Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICG0560G1ZR | Maharashtra | Active | 27 Mar 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ground Truth Technology Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ground Truth Technology Private Limited
Ground Truth Technology is an active private limited company based in Kharegaon (Thane), Maharashtra, India. The company works in database management and solutions, within the information technology industry. It was incorporated on 31 October 2019 (7+ years old) and is registered under CIN U72900MH2019PTC332384.
Ground Truth Technology reported revenue of ₹1.47 Cr for FY 2024 (up 72% YoY).
Ground Truth Technology has 2 current directors:
- Nikit Dipak Shrungarpawar - Whole-Time Director
- Himangshu Das - Whole-Time Director
Ground Truth Technology reported a net loss of ₹65.75 Lakh (net margin -44.8%) and EBITDA of -₹63.42 Lakh (EBITDA margin -43.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ground Truth Technology is 244% over three years. In the latest year (FY 2024) revenue rose 72%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ground Truth Technology is 27AAICG0560G1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ground Truth Technology is U72900MH2019PTC332384. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ground Truth Technology was incorporated on 31 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Ground Truth Technology has 5 deals on record (3 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹3.14 Cr; the latest was in December 2022.
The peers of Ground Truth Technology by revenue are CT Info Private Limited, Zebi Data India Private Limited, Shree Krishna Compusoft Private Limited, Amberflux Edgeai Private Limited, Valuedata Technologies Private Limited and 5 more, all in the Information Technology industry (Database Management).
Himangshu Das ceased to be Director on 01 Feb 2020. Nikit Dipak Shrungarpawar ceased to be Director on 01 Feb 2020. Himangshu Das was appointed as Whole-Time Director on 31 Oct 2019. Ground Truth Technology has 4 board changes on record in total.