True Blue Asset Services Private Limited

True Blue Asset Services Private Limited - financial services in Hyderabad, Telangana, India. FY 2026 financials & compliance.
CIN U51909TG2019PTC134010 Incorporated 10 July 2019 ROC Hyderabad HQ Hyderabad, Telangana, India
Active Private Limited Company financial services MSME · Medium
Data last updated
Revenue · FY 2025
₹29.69 Cr
▼ 57% YoY
Net loss · FY 2025
₹4.53 Cr
Net margin -15.2%
EBITDA · FY 2025
₹2.49 Cr
EBITDA margin 8.4%
Authorised capital
₹95 Lakh
Registered with MCA
Paid-up capital
₹55.56 Lakh
Issued & subscribed
Open charges
₹21 Lakh
Satisfied ₹1.5 Cr
Company age
7 yrs
Est. 2019
Employees · EPFO
82
Provident fund records

About True Blue Asset Services Private Limited

Data last updated:

True Blue Asset Services Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 10 July 2019 and has been in existence for over 7 years.

The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U51909TG2019PTC134010. Its GSTIN is 36AAHCT4161B1ZL (Telangana). The company holds 3 GST registrations, all of them active.

The company has an authorised share capital of ₹95 Lakh and a paid-up capital of ₹55.56 Lakh. It is led by directors including Venkat Ramana Vallabhajoysula and Rohit Chawla.

Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gnr Rv Insignia Plot No. 28 29 30 Silicon Valley Layout Madhapur, Hyderabad, Telangana, India – 500034.

As per the financials filed for FY 2025, the company reported a revenue of ₹29.69 Cr, a decline of 57% compared to the previous year. For the same year it recorded a net loss of ₹4.53 Cr (net margin -15.2%) and EBITDA of ₹2.49 Cr (EBITDA margin 8.4%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years.

The company has about 82 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: True Blue Asset Services. As per MCA filings, the company has open charges of ₹21 Lakh and satisfied charges of ₹1.5 Cr on record. Court records list 422 cases involving the company, including 417 filed by the company and 5 filed against it; 320 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.4 Cr; the latest was in March 2023.

True Blue Asset Services Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0020774). For more details, the company can be reached via its website tbas.in.

Company details

CIN U51909TG2019PTC134010
Registration Number 134010
Incorporation Date 10 July 2019
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Medium
Udyam Registration UDYAM-TS-02-0020774
Key People
Venkat Ramana Vallabhajoysula Director Rohit Chawla Director Amit Sharma Director

Recognitions & Rankings of True Blue Asset Services

MSME (Udyam registered) Ministry of MSME
Category
Medium (2023-24)
Udyam number
UDYAM-TS-02-0020774

Contact details

True Blue Asset Services Private Limited's registered office is in Hyderabad, Telangana. Its website is tbas.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    tbas.in
  • Registered Address
    Gnr Rv Insignia Plot No. 28 29 30 Silicon Valley Layout Madhapur, Hyderabad, Telangana, India – 500034
  • Industry
    Financial Services, Equipment Leasing & Financing

To see the full contact details of True Blue Asset Services Private Limited, buy the company report.

Comprehensive company report
True Blue Asset Services 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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Secure checkout · GST invoice included

Brands

True Blue Asset Services operates one associated brand: True Blue Asset Services. Each brand links to its own profile.

BrandDescriptionWebsite
True Blue Asset Services
Financing is provided for construction, mining equipment, and commercial vehicles.tbas.in

Business activity

The main business activity of True Blue Asset Services is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of True Blue Asset Services Private Limited, buy the company report.

Financials of True Blue Asset Services Private Limited

FY 2025 filings available

True Blue Asset Services Private Limited reported revenue of ₹29.69 Cr (down 57% YoY) for FY 2025.

Revenue · FY 2025
₹29.69 Cr ▼ 57%
Net loss · FY 2025
₹4.53 Cr margin -15.2%
EBITDA · FY 2025
₹2.49 Cr margin 8.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 57%
3 years · compounded
▼ 31%
EBITDA CAGR growth
1 year
▼ 75%
3 years · compounded
▼ 42%

Revenue has declined at a compounded annual rate (CAGR) of 31% over three years, including a 57% fall in the latest year. EBITDA fell 75% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹2.49 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹4.53 Cr
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin8.4%
Net Profit Margin-15.2%
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 Blue Asset Services Private Limited, buy the company report.

Board of directors of True Blue Asset Services Private Limited

True Blue Asset Services has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Venkat Ramana Vallabhajoysula
Also directs: True Blue M2m Private Limited, Dinesh Commercial Finance Private Limited, Maklav Insurance Brokers Private Limited
Director10 Jul 20197 Years 3 MonthsCurrent
Rohit Chawla
Also directs: True Blue M2m Private Limited, Dinesh Commercial Finance Private Limited
Director20 Jan 20206 Years 9 MonthsCurrent
Amit Sharma
Also directs: True Blue M2m Private Limited, Dinesh Commercial Finance Private Limited
Director20 Jan 20206 Years 9 MonthsCurrent
View all directors

Auditor

True Blue Asset Services Private Limited is audited by JAIN AND PAREEK for the financial year 2023.

Auditor firmFinancial yearFirm registration number
JAIN AND PAREEKFY 2023327412E

Shareholding

The shareholding of True Blue Asset Services 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 categoryFY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of True Blue Asset Services Private Limited, buy the company report.

Charges & borrowings

Open charges
₹21 Lakh
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹0.21 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
20 Jul 2024100973910Hdfc Bank Limited₹21 LakhOpen
20 Apr 2021100448519Others₹75 LakhSatisfied
29 Oct 2020100388123Others₹75 LakhSatisfied

To see the full charge records of True Blue Asset Services Private Limited, buy the company report.

Total charge records: 3 View all charges

Deals & funding

True Blue Asset Services Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.4 Cr; the latest was in March 2023.

Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹10.4 Cr

Deals on record (4 of 4)

WhenDealAmountParties
Mar 2023Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 2 individuals
Nov 2022Funding round₹10 CrInvestors: PMF Infra Equipment Company Private Limited
Jul 2020Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Oct 2019Funding round₹40 LakhInvestors: 4 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for True Blue Asset Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

True Blue Asset Services has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
True Blue M2m Private LimitedU50404TG2020PTC141082

To see the full group structure of True Blue Asset Services Private Limited, buy the company report.

Employees & EPFO

True Blue Asset Services Private Limited has a workforce of 82 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
82
Active EPFO establishments
1
Employee growth
1.23%

GST

True Blue Asset Services has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
36AAHCT4161B1ZLTelanganaActive31 Jul 2019
19AAHCT4161B1ZHWest BengalActive18 Nov 2019
07AAHCT4161B1ZMDelhiActive04 Aug 2020

To see the full GST registrations and return filing status of True Blue Asset Services Private Limited, buy the company report.

Recent activity

True Blue Asset Services Private Limited has 6 board changes on record since 2019: 4 appointments and 2 cessations. The latest: Anuj Chandra ceased to be Director on 27 Mar 2024.

AGM
True Blue Asset Services Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Filing
True Blue Asset Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Hyderabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 21.00 Lakh with Charge ID 100973910 was registered on 20 Jul 2024.
Ceased
Anuj Chandra ceased to be Director.
Charges
A charge registered on 20 Apr 2021 via Charge ID 100448519 with Others was fully satisfied on 13 Feb 2024.
Charges
A charge registered on 29 Oct 2020 via Charge ID 100388123 with Others was fully satisfied on 13 Feb 2024.
Ceased
Bharathan Rajagopalan Thatai ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 75.00 Lakh with Charge ID 100448519 was registered on 20 Apr 2021.
Charges
A charge with Others amounted to Rs. 75.00 Lakh with Charge ID 100388123 was registered on 29 Oct 2020.
Appointed
Amit Sharma was appointed as Director.
Appointed
Raja Singh was appointed as Director.
Appointed
Rohit Chawla was appointed as Director.

2 earlier events are in the company report.

Frequently asked questions

True Blue Asset Services is an active private limited company based in Hyderabad, Telangana, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 10 July 2019 (7+ years old) and is registered under CIN U51909TG2019PTC134010.

True Blue Asset Services has 3 current directors:

The latest financial statements of True Blue Asset Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2020 are in the company report.

The GSTIN of True Blue Asset Services is 36AAHCT4161B1ZL, registered in Telangana. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 19AAHCT4161B1ZH (West Bengal), 07AAHCT4161B1ZM (Delhi).

The CIN (Corporate Identification Number) of True Blue Asset Services is U51909TG2019PTC134010. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

True Blue Asset Services has 422 court cases on record: 417 filed by the company and 5 filed against it. 320 are pending. Most are in the district courts.

True Blue Asset Services was incorporated on 10 July 2019, making it 7+ years old. It is registered with the Registrar of Companies, Hyderabad.

True Blue Asset Services has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.4 Cr; the latest was in March 2023.

Anuj Chandra ceased to be Director on 27 Mar 2024. Bharathan Rajagopalan Thatai ceased to be Additional Director on 04 Sep 2023. Amit Sharma was appointed as Director on 20 Jan 2020. True Blue Asset Services has 6 board changes on record in total.

Yes, True Blue Asset Services is registered as a medium enterprise under Udyam registration (number: UDYAM-TS-02-0020774).