True Colors Limited - Company Profile

It is a information technology public limited company based in Surat, Gujarat, India, established in 2021.
2021 Surat, Gujarat, India Active
Last Updated:
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About True Colors Limited

True Colors Limited, a active public limited company, was established on 09 October 2021 in Surat, Gujarat, India. Engaging in it products retail & distribution within the manufacturing sector, it holds CIN: L17299GJ2021PLC126265. Registered under ROC Roc Ahmedabad. it is listed. It has an authorized capital of ₹25.00 Cr and a paid-up capital of ₹24.65 Cr.

It upholds a compliant status. In 2024, it reported revenue of ₹160.91 Cr and a net worth of ₹15.12 Cr. Employing 490 professional, Its leadership includes Satishkumar Jayantibhai Panchani (Ceo), Ashishkumar Durlbhbhai Mulani (Director), Sanjay Raghubhai Desai (Managing Director). Past directors included Ashishkumar Durlbhbhai Mulani, Sanjay Raghubhai Desai, Urvisha Panchani. It holds ₹45.50 Cr open charges and ₹7.55 M settled loans. Its latest AGM occurred on 25 August 2025, with the balance sheet filed on 31 March 2025. It is based at P-8, Gr Flr To 3Rd Flr, Somakanjiini Wadi Patel Line Khatodara, Surat, Gujarat, 395002.

Company Details
  • Email
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  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    L17299GJ2021PLC126265

  • Registration Number

    126265

  • Incorporation Date

    09 October 2021

  • Authorized Capital

    ₹25.00 Cr

  • Paid-Up Capital

    ₹24.65 Cr

  • ROC Code

    Roc Ahmedabad

  • Listing Status

    Listed

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 25.00 Cr
  • Paid Up Capital ₹ 24.65 Cr
  • Company Age 4 Year, 4 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 45.50 Cr
  • Satisfied Charges ₹ 7.55 M
Company report

True Colors Limited

Company Report FY 2025-2026

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Who are the key members and board of directors at True Colors Limited?
Current Directors
Name Designation Appointment Date Status
Satishkumar Jayantibhai Panchani Ceo 19 Feb 2025 Current
Ashishkumar Durlbhbhai Mulani Director 09 Oct 2021 Current
Sanjay Raghubhai Desai Managing Director 09 Oct 2021 Current
Sagarkumar Bipinbhai Mulani Cfo 19 Feb 2025 Current
Charmi Soni Director 11 Mar 2025 Current
Bhavesh Vinodchandra Singapuri Director 11 Mar 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 18 Feb 2025 Past
Pramod Abcsdd Director 18 Feb 2025 Past
Pramod Abcsdd Director 16 Dec 2022 Past
Pramod Abcsdd Director 27 Feb 2024 Past

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Financial Performance of True Colors.
True Colors revenue growth over time
True Colors profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
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What is the Ownership and Shareholding Structure of True Colors?

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Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹455,000,000.00

Satisfied Charges

₹7,546,000.00

Charges Breakdown by Lending Institutions
  • Hdfc Bank Limited : 45.50 Cr
Latest Charge Details
Date Lender Amount Status
03 Oct 2022 Hdfc Bank Limited ₹45.50 Cr Open
28 Oct 2024 Hdfc Bank Limited ₹2.00 M Satisfied
22 Oct 2024 Hdfc Bank Limited ₹1.85 M Satisfied
09 Oct 2024 Hdfc Bank Limited ₹3.70 M Satisfied

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How Many Employees Work at True Colors?

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Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

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Rating
Graph displaying rating trends over time

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Alerts
Alert Indicator

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Latest Updates, News, and FAQs on True Colors
Recent Activity within the Organization
  • Charges

    The activity A charge registered on 22 Oct 2024 via Charge ID 100992696 with Hdfc Bank Limited was fully satisfied on 25 Nov 2025. was completed.

  • Charges

    Progress on A charge with Hdfc Bank Limited of Rs. 45.50 Cr registered on 03 Oct 2022 with Charge ID 100625519 was modified on 10 Nov 2025. was documented.

  • Charges

    A charge registered on 28 Oct 2024 via Charge ID 100995846 with Hdfc Bank Limited was fully satisfied on 17 Oct 2025. was recorded as a recent event.

  • Charges

    Progress on A charge registered on 09 Oct 2024 via Charge ID 100986055 with Hdfc Bank Limited was fully satisfied on 17 Oct 2025. was documented.

  • Annual General Meeting

    The activity True Colors Limited last Annual general meeting of members was held on 25 Aug 2025 as per latest MCA records. was completed.

  • Balance Sheet

    The activity True Colors Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was completed.

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Frequently Asked Questions
What is the CIN of True Colors Limited?

The CIN of True Colors Limited is L17299GJ2021PLC126265.

Where is True Colors Limited headquartered?

True Colors Limited is headquartered at P-8, Gr Flr To 3Rd Flr, Somakanjiini Wadi Patel Line Khatodara, Surat, Gujarat, 395002.

When was True Colors Limited incorporated?

True Colors Limited was incorporated on 09 October 2021.

Who are the current directors of True Colors Limited?

The current directors of True Colors Limited are

What is the primary industry of True Colors Limited?

The primary industry of True Colors Limited is Manufacturing.

Is True Colors Limited a listed company?

True Colors Limited is listed.

What is the capital structure of True Colors Limited?

The authorized capital of True Colors Limited is ₹25.00 Cr, and the paid-up capital is ₹24.65 Cr.

What is the compliance status of True Colors Limited?

The compliance status of True Colors Limited is Compliant.

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