True Blue Finlease Limited
About True Blue Finlease Limited
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True Blue Finlease Limited is a public limited company based in New Delhi, Delhi, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 25 April 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U65921DL1996PLC078477. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.43 Cr. It is led by directors including Brinderjeet Kaur Sran (Managing Director) and Gurvir Kaur Sran.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Office No. 211 2nd Floor Garg Plaza Plot No. 9 Lsc Bhera Enclave, New Delhi, Delhi, India – 110087.
As per the financials filed for FY 2021, the company reported a revenue of ₹10.84 Lakh, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹33.28 Lakh (net margin -307.1%) and EBITDA of -₹31.85 Lakh (EBITDA margin -294%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 21% over five years.
Court records list 58 cases involving the company, including 55 filed by the company and 4 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
True Blue Finlease Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No. 211 2nd Floor Garg Plaza Plot No. 9 Lsc Bhera Enclave, New Delhi, Delhi, India – 110087
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of True Blue Finlease Limited, buy the company report.
- 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
Financials of True Blue Finlease Limited
FY 2023 filings availableTrue Blue Finlease Limited reported revenue of ₹10.84 Lakh (down 47% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over five years, including a 47% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹10.84 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹31.85 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹33.28 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -294% | ||||
| Net Profit Margin | -307.1% | ||||
| 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 Finlease Limited, buy the company report.
Board of directors of True Blue Finlease Limited
True Blue Finlease has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gurvir Kaur Sran Also directs: Prosper Housing Finance Limited | Director | 30 Nov 2004 | 21 Years 11 Months | Current |
| Brinderjeet Kaur Sran Also directs: Prosper Housing Finance Limited | Managing Director | 20 Dec 2007 | 18 Years 10 Months | Current |
| Harmeet Kaur Also directs: Prosper Housing Finance Limited | Director | 02 Mar 2015 | 11 Years 8 Months | Current |
Auditor
True Blue Finlease Limited is audited by D.S. REKHI & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D.S. REKHI & ASSOCIATES | FY 2021 | 003659N |
Shareholding
The shareholding of True Blue Finlease Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of True Blue Finlease Limited, buy the company report.
Legal cases
True Blue Finlease Limited has 58 court cases on record: 55 filed by True Blue Finlease, 4 filed against it. 1 case is pending and 57 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 48 | 1 | 1 |
| NCLAT | 7 | 2 | 0 |
| High courts | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Registrar Court | Tribunal matter | Filed against the company by True Blue Finlease Limited | Disposed |
| NCLAT, Registrar Court | Tribunal matter | Filed by the company against True Blue Finlease Limited | Disposed |
| District court, West, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Rakesh Kumar Jain Resolution Professional HBN Homes Colonziers Pvt. Ltd. 1670/120, Ground Floor, Shanti Nagar, Tri Nagar , , Delhi | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by an individual | Disposed |
To see the full case history of True Blue Finlease 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 Blue Finlease Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
True Blue Finlease has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of True Blue Finlease Limited, buy the company report.
Recent activity
True Blue Finlease Limited has 10 board changes on record since 2004: 3 appointments and 7 cessations. The latest: Brinderjeet Kaur Sran ceased to be Director on 05 Nov 2022.
1 earlier event is in the company report.
Frequently asked questions
True Blue Finlease is an active public limited company based in New Delhi, Delhi, India. The company works in nbfc, within the financial services industry. It was incorporated on 25 April 1996 (30+ years old) and is registered under CIN U65921DL1996PLC078477.
True Blue Finlease has 3 current directors:
- Brinderjeet Kaur Sran - Managing Director
- Gurvir Kaur Sran - Director
- Harmeet Kaur - Director
The latest financial statements of True Blue Finlease on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. True Blue Finlease has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of True Blue Finlease is U65921DL1996PLC078477. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True Blue Finlease has 58 court cases on record: 55 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
True Blue Finlease was incorporated on 25 April 1996, making it 30+ years old. It is registered with the Registrar of Companies, Delhi.
Brinderjeet Kaur Sran ceased to be Director on 05 Nov 2022. Harmeet Kaur ceased to be Additional Director on 28 Sep 2015. Amandeep Singh Sran ceased to be Director on 02 Mar 2015. True Blue Finlease has 10 board changes on record in total.
The registered office of True Blue Finlease is at Office No. 211 2nd Floor Garg Plaza Plot No. 9 Lsc Bhera Enclave, New Delhi, Delhi, India – 110087.
True Blue Finlease operates in the financial services industry, in the nbfc segment.
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