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True Agroroots Private Limited - agriculture in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.96 Cr
▲ 10% YoY
Net loss · FY 2025
₹89.45 Lakh
Net margin -30.2%
EBITDA · FY 2025
-₹1.19 Cr
EBITDA margin -40.1%
Authorised capital
₹3 Lakh
Registered with MCA
Paid-up capital
₹2.4 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
11
Provident fund records
Directors on board
2
As per MCA filings
About True Agroroots Private Limited
Data last updated:
True Agroroots Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the agricultural support and advisory segment of the agriculture sector. It was incorporated on 20 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U01100PN2019PTC182354. Its GSTIN is 36AAHCT1876F1Z5 (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Lakh and a paid-up capital of ₹2.4 Lakh. It is led by directors Karan Ravindra Korke and Pranav Sharad Korke.
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 Gat No. 34 Shreeram Nagar Kondhanpur Road Haveli Shiwapur, Pune, Maharashtra, India – 412205.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.96 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹89.45 Lakh (net margin -30.2%) and EBITDA of -₹1.19 Cr (EBITDA margin -40.1%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 142% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: The Healthy Binge. Court records list 1 case involving the company, including 1 filed against it. The company has 5 deals on record (3 funding rounds, 2 rights issues), with disclosed funding of ₹2.43 Cr; the latest was in February 2024. Its 4 peer companies in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 2 larger and 2 smaller; the largest is Universal Green Foods Private Limited with revenue of ₹2.97 Cr.
True Agroroots Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0186383). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website trueagroroots.com.
Company details
CIN U01100PN2019PTC182354
Registration Number 182354
Incorporation Date 20 February 2019
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-26-0186383
Recognitions & Rankings of True Agroroots
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-26-0186383
Contact details
True Agroroots Private Limited's registered office is in Pune, Maharashtra. Its website is trueagroroots.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGat No. 34 Shreeram Nagar Kondhanpur Road Haveli Shiwapur, Pune, Maharashtra, India – 412205
- IndustryAgriculture, Agri Support Services
To see the full contact details of True Agroroots Private Limited, buy the company report.
Comprehensive company report
True Agroroots Private Limited - one report that includes everything
- 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
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Brands
True Agroroots operates one associated brand: The Healthy Binge. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Internet first brand of chips | healthybinge.co.in |
Business activity
The main business activity of True Agroroots is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of True Agroroots Private Limited, buy the company report.
Financials of True Agroroots Private Limited
FY 2024 filings availableTrue Agroroots Private Limited reported revenue of ₹2.96 Cr (up 10% YoY) for FY 2025.
Revenue · FY 2025
₹2.96 Cr ▲ 10%
Net loss · FY 2025
₹89.45 Lakh margin -30.2%
EBITDA · FY 2025
-₹1.19 Cr margin -40.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 9%
5 years · compounded
▲ 142%
EBITDA CAGR growth
1 year
▲ 14%
3 years · compounded
▼ 40%
5 years · compounded
▼ 38%
Revenue has grown at a compounded annual rate (CAGR) of 142% over five years, including 10% growth in the latest year. EBITDA rose 14% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | -₹1.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹89.45 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -40.1% | ||||
| Net Profit Margin | -30.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of True Agroroots Private Limited, buy the company report.
Board of directors of True Agroroots Private Limited
True Agroroots has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karan Ravindra Korke | Director | 20 Feb 2019 | 7 Years 8 Months | Current |
| Pranav Sharad Korke | Director | 20 Feb 2019 | 7 Years 8 Months | Current |
Peer comparison
True Agroroots Private Limited is compared with the 4 companies closest to it by revenue in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Universal Green Foods Private Limited | ₹2.97 Cr (FY 2025) | 4134.0% | Ernakulam, Kerala, India | |||
| Vijay Vallabh Agro Foods Private Limited | ₹2.96 Cr (FY 2025) | 22.0% | Meerut, Uttar Pradesh, India | |||
| True Agroroots Private Limitedthis company | ₹2.96 Cr (FY 2025) | -₹89.45 Lakh | -30.2% | 10.0% | 11 | Pune, Maharashtra, India |
| Addys Food Processors Private Limited | ₹2.95 Cr (FY 2024) | 4.0% | Indore, Madhya Pradesh, India | |||
| Khas Jungle Medi Food Processing Private Limited | ₹2.94 Cr (FY 2020) | -2.0% | Midnapore, West Bengal, India |
To see the full peer comparison of True Agroroots Private Limited, buy the company report.
Auditor
True Agroroots Private Limited is audited by M/s. P R U V N AND ASSOCIATES LLP (Erstwhile known as M/s. Vikrant Salunke & Associates) for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s. P R U V N AND ASSOCIATES LLP (Erstwhile known as M/s. Vikrant Salunke & Associates) | FY 2023 | 128114 |
Shareholding
The shareholding of True Agroroots Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of True Agroroots Private Limited, buy the company report.
Deals & funding
True Agroroots Private Limited has 5 deals on record (3 funding rounds, 2 rights issues), with disclosed funding of ₹2.43 Cr; the latest was in February 2024.
Total deals
5
Funding rounds
3
Rights issues
2
Disclosed funding
₹2.43 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Funding round | ₹30 Lakh | Investors: an individual |
| Jun 2023 | Funding round | ₹98.3 Lakh | Investors: 4 individuals |
| Dec 2022 | Rights issue | ₹1.36 Cr | Investors: 4 individuals |
| Aug 2022 | Rights issue | ₹1.05 Cr | Investors: 3 individuals |
| Jul 2022 | Funding round | ₹1.14 Cr | Investors: Avacado LLC |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
True Agroroots Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Axis Bank (Formerly Known As Uti Bank Ltd) | Disposed |
To see the full case history of True Agroroots Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for True Agroroots Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
True Agroroots Private Limited has a workforce of 11 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
11
Active EPFO establishments
1
GST
True Agroroots has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAHCT1876F1Z5 | Telangana | Active | 28 Jun 2023 |
To see the full GST registrations and return filing status of True Agroroots Private Limited, buy the company report.
Recent activity
True Agroroots Private Limited has 4 board changes on record since 2019: 2 appointments and 2 cessations. The latest: Yashawant Shiwram Khaire ceased to be Director on 13 Nov 2022.
AGM
True Agroroots Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
True Agroroots Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Ceased
Yashawant Shiwram Khaire ceased to be Director.
Ceased
Jyotiram Tukaram Kadam ceased to be Additional Director.
Appointed
Karan Ravindra Korke was appointed as Director.
Appointed
Pranav Sharad Korke was appointed as Director.
Incorporation
20 Feb 2019
True Agroroots Private Limited was registered on 20 Feb 2019 with Roc Pune & aged 7 years 8 months as per MCA records.
Frequently asked questions
True Agroroots is an active private limited company based in Pune, Maharashtra, India. The company works in agri support services, within the agriculture industry. It was incorporated on 20 February 2019 (7+ years old) and is registered under CIN U01100PN2019PTC182354.
True Agroroots has 2 current directors:
- Karan Ravindra Korke - Director
- Pranav Sharad Korke - Director
The latest financial statements of True Agroroots 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 FY 2019 are in the company report.
The GSTIN of True Agroroots is 36AAHCT1876F1Z5, registered in Telangana. 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 True Agroroots is U01100PN2019PTC182354. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True Agroroots has 1 court case on record: 1 filed against it.
True Agroroots was incorporated on 20 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Pune.
True Agroroots has 5 deals on record (3 funding rounds, 2 rights issues), with disclosed funding of ₹2.43 Cr; the latest was in February 2024.
The peers of True Agroroots by revenue are Universal Green Foods Private Limited, Vijay Vallabh Agro Foods Private Limited, Addys Food Processors Private Limited, Khas Jungle Medi Food Processing Private Limited, all in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products).
Yashawant Shiwram Khaire ceased to be Director on 13 Nov 2022. Jyotiram Tukaram Kadam ceased to be Additional Director on 30 Apr 2021. Karan Ravindra Korke was appointed as Director on 20 Feb 2019. True Agroroots has 4 board changes on record in total.
Yes, True Agroroots is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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