DPIIT recognised startup Government of India
Startup India
True Assets Development Private Limited - information technology in Faridabad, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹14.29 Lakh
▲ 11% YoY
Net loss · FY 2024
₹29.3 Lakh
Net margin -205%
EBITDA · FY 2024
-₹33.01 Lakh
EBITDA margin -230.9%
Authorised capital
₹2.1 Lakh
Registered with MCA
Paid-up capital
₹59,860
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About True Assets Development Private Limited
Data last updated:
True Assets Development Private Limited is a private limited company based in Faridabad, Haryana, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 12 February 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U72900HR2021PTC092904. Its GSTIN is 06AAICT4213H1ZI (Haryana).
The company has an authorised share capital of ₹2.1 Lakh and a paid-up capital of ₹59,860. It is led by directors including Sakshi Gandhi and Dhruv Bajaj.
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 Ideashacks Co.Working Metro Pillar No. 586 14/3 Mathura Rd Sector 31, Faridabad, Haryana, India – 121003.
As per the financials filed for FY 2024, the company reported a revenue of ₹14.29 Lakh, a growth of 11% compared to the previous year. For the same year it recorded a net loss of ₹29.3 Lakh (net margin -205%) and EBITDA of -₹33.01 Lakh (EBITDA margin -230.9%).
The company is associated with 1 brand: Tassets.
True Assets Development Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-03-0030517). For more details, the company can be reached via its website tassets.in.
Company details
CIN U72900HR2021PTC092904
Registration Number 092904
Incorporation Date 12 February 2021
ROC Haryana
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-HR-03-0030517
Recognitions & Rankings of True Assets Development
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-HR-03-0030517
Contact details
True Assets Development Private Limited's registered office is in Faridabad, Haryana. Its website is tassets.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressIdeashacks Co.Working Metro Pillar No. 586 14/3 Mathura Rd Sector 31, Faridabad, Haryana, India – 121003
- IndustryInformation Technology, IT Consulting & Support Services, Application Development & Software Solutions
To see the full contact details of True Assets Development Private Limited, buy the company report.
Comprehensive company report
True Assets Development 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
True Assets Development operates one associated brand: Tassets. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Blockchain-based platform for asset tokenization | tassets.in |
Business activity
The main business activity of True Assets Development is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of True Assets Development Private Limited, buy the company report.
Financials of True Assets Development Private Limited
FY 2025 filings availableTrue Assets Development Private Limited reported revenue of ₹14.29 Lakh (up 11% YoY) for FY 2024.
Revenue · FY 2024
₹14.29 Lakh ▲ 11%
Net loss · FY 2024
₹29.3 Lakh margin -205%
EBITDA · FY 2024
-₹33.01 Lakh margin -230.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 11%
EBITDA CAGR growth
1 year
▼ 202%
3 years · compounded
▼ 382%
Revenue rose 11% in the latest year. EBITDA fell 202% 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 |
|---|---|---|---|---|
| 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 | -₹33.01 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹29.3 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -230.9% | |||
| Net Profit Margin | -205% | |||
| 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 True Assets Development Private Limited, buy the company report.
Board of directors of True Assets Development Private Limited
True Assets Development has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sakshi Gandhi | Director | 12 Feb 2021 | 5 Years 8 Months | Current |
| Harender Singh | Additional Director | 18 Apr 2023 | 3 Years 6 Months | Current |
| Dhruv Bajaj | Director | 04 Jun 2021 | 5 Years 5 Months | Current |
| Harish Chander Gandhi | Director | 12 Feb 2021 | 5 Years 8 Months | Current |
Peer comparison
True Assets Development Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (fund management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vauraus Associates Private Limited | ₹15.67 Lakh (FY 2024) | -100.0% | Chennai, Tamil Nadu, India | |||
| Equis India Advisors Private Limited | ₹15.52 Lakh (FY 2021) | -97.0% | Gurgaon, Haryana, India | |||
| Roi India Ventures Private Limited | ₹14.46 Lakh (FY 2019) | 597.0% | Chennai, Tamil Nadu, India | |||
| Axis Private Equity Limited | ₹14.46 Lakh (FY 2020) | -4.0% | Mumbai, Maharashtra, India | |||
| Ponpanam Chits (Thrissur) Private Limited | ₹14.3 Lakh (FY 2021) | -27.0% | Thrissur, Kerala, India | |||
| True Assets Development Private Limitedthis company | ₹14.29 Lakh (FY 2024) | -₹29.3 Lakh | -205% | 11.0% | Faridabad, Haryana, India | |
| Ranjana Finance and Investments Private Limited | ₹14.26 Lakh (FY 2024) | 26.0% | Ahmedabad, Gujarat, India | |||
| Trimurti Trafin Pvt Ltd | ₹14.1 Lakh (FY 2024) | -13.0% | Kolkata, West Bengal, India | |||
| Prime Fundmart Private Limited | ₹14.08 Lakh (FY 2024) | 334.0% | New Delhi, Delhi, India | |||
| Holy Grace Kuries Private Limited | ₹13.97 Lakh (FY 2025) | -1.0% | Ernakulam, Kerala, India | |||
| Savson Chits Private Limited | ₹13.97 Lakh (FY 2024) | Jamkhandi, Karnataka, India |
To see the full peer comparison of True Assets Development Private Limited, buy the company report.
Auditor
True Assets Development Private Limited is audited by GGM & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GGM & Associates | FY 2023 | 016962C |
Shareholding
The shareholding of True Assets Development Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of True Assets Development Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving True Assets Development 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 True Assets Development Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
True Assets Development Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
Active EPFO establishments
1
GST
True Assets Development has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAICT4213H1ZI | Haryana | Active | 15 Jun 2021 |
To see the full GST registrations and return filing status of True Assets Development Private Limited, buy the company report.
Recent activity
True Assets Development Private Limited has 5 board changes on record since 2021: 4 appointments and 1 cessation. The latest: Amit Mahajan ceased to be Additional Director on 19 Jan 2024.
AGM
True Assets Development Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
True Assets Development Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Haryana.
Ceased
Amit Mahajan ceased to be Additional Director.
Appointed
Harender Singh was appointed as Additional Director.
Appointed
Dhruv Bajaj was appointed as Director.
Appointed
Harish Chander Gandhi was appointed as Director.
Appointed
Sakshi Gandhi was appointed as Director.
Incorporation
12 Feb 2021
True Assets Development Private Limited was registered on 12 Feb 2021 with Roc Haryana & aged 5 years 8 months as per MCA records.
Frequently asked questions
True Assets Development is an active private limited company based in Faridabad, Haryana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 12 February 2021 (5+ years old) and is registered under CIN U72900HR2021PTC092904.
True Assets Development has 4 current directors:
- Sakshi Gandhi - Director
- Harender Singh - Additional Director
- Dhruv Bajaj - Director
- Harish Chander Gandhi - Director
The latest financial statements of True Assets Development on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of True Assets Development is 06AAICT4213H1ZI, registered in Haryana.
The CIN (Corporate Identification Number) of True Assets Development is U72900HR2021PTC092904. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True Assets Development was incorporated on 12 February 2021, making it 5+ years old. It is registered with the Registrar of Companies, Haryana.
The peers of True Assets Development by revenue are Vauraus Associates Private Limited, Equis India Advisors Private Limited, Roi India Ventures Private Limited, Axis Private Equity Limited, Ponpanam Chits (Thrissur) Private Limited and 5 more, all in the same principal business activity (fund management services).
Amit Mahajan ceased to be Additional Director on 19 Jan 2024. Harender Singh was appointed as Additional Director on 18 Apr 2023. Dhruv Bajaj was appointed as Director on 04 Jun 2021. True Assets Development has 5 board changes on record in total.
Yes, True Assets Development is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, True Assets Development is registered as a micro enterprise under Udyam registration (number: UDYAM-HR-03-0030517).
True Assets Development can be reached through the website tassets.in. Its registered office is in Faridabad, Haryana, India.
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.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages