True Credits Private Limited - Company Profile

It is a financial services private limited company based in Gurgaon, Haryana, India, established in 2017.
2017 Gurgaon, Haryana, India Active
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About True Credits Private Limited

True Credits Private Limited, a active private limited company, was established on 05 September 2017 in Gurgaon, Haryana, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U65190HR2017PTC070653. Registered under ROC Roc Delhi. it is unlisted. It has an authorized capital of ₹21.60 Cr and a paid-up capital of ₹20.38 Cr.

It upholds a compliant status. Employing 91 professional, Its leadership includes Shunmugam Sundararaj (Director), Cheolwon Lee (Managing Director), Padmaja Makarand Parange (Director). Past directors included Vishal Bhatia, Sangwon Kim, Kyoo Sung Choi. It holds ₹2,339.50 Cr open charges and ₹2,442.20 Cr settled loans. Its latest AGM occurred on 27 August 2025, with the balance sheet filed on 31 March 2025. It is based at Huda City Centre Metro Station 5Th Floor, Sector - 29, Gurgaon, Haryana, 122001.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U65190HR2017PTC070653

  • Registration Number

    070653

  • Incorporation Date

    05 September 2017

  • Authorized Capital

    ₹21.60 Cr

  • Paid-Up Capital

    ₹20.38 Cr

  • ROC Code

    Roc Delhi

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 21.60 Cr
  • Paid Up Capital ₹ 20.38 Cr
  • Company Age 8 Year, 5 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 2,339.50 Cr
  • Satisfied Charges ₹ 2,442.20 Cr
  • Revenue Growth **** 80.73%
  • Profit Growth **** 129.98%
  • Ebitda **** 109.07%
  • Net Worth 44.01%
  • Total Assets **** 111.43%
Company report

True Credits Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into True Credits Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at True Credits Private Limited?
Current Directors
Name Designation Appointment Date Status
Shunmugam Sundararaj Director 28 May 2021 Current
Cheolwon Lee Managing Director 05 Sep 2017 Current
Padmaja Makarand Parange Director 01 Sep 2024 Current
Anand Jethalia Director 01 Aug 2024 Current
Anupam Vasdani Additional Director 12 Dec 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 16 Jun 2021 Past
Pramod Abcsdd Additional Director 29 Apr 2021 Past
Pramod Abcsdd Director 14 Nov 2020 Past
Pramod Abcsdd Additional Director 28 Sep 2018 Past
Pramod Abcsdd Chief Executive Officer - Past
Pramod Abcsdd Director 15 Apr 2019 Past

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Financial Performance of True Credits.

True Credits Private Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 80.73% increase. The company also saw a substantial improvement in profitability, with a 129.98% increase in profit. The company's net worth Soared by an impressive increase of 44.01%.

True Credits revenue growth over time
True Credits 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)
Total Revenue
********
 80.73%
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*******
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Revenue from Operations
*******
 80.01%
*******
*******
*******
*******
Total Assets
*******
 111.43%
*******
*******
*******
*******
Profit or Loss
*******
 129.98%
*******
*******
*******
*******
Net Worth
*******
 44.01%
*******
*******
*******
*******
EBITDA
*******
 109.07%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of True Credits?

In 2023, True Credits had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

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

₹23,395,000,000.00

Satisfied Charges

₹24,422,000,000.00

Charges Breakdown by Lending Institutions
  • Others : 2334.50 Cr
  • Axis Bank Limited : 5.00 Cr
Latest Charge Details
Date Lender Amount Status
25 Nov 2025 Others ₹25.00 Cr Open
03 Nov 2025 Others ₹35.00 Cr Open
29 Oct 2025 Others ₹12.00 Cr Open
23 Oct 2025 Others ₹6.00 Cr Open
16 Oct 2025 Others ₹40.00 Cr Open

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How Many Employees Work at True Credits?

True Credits has a workforce of 91 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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

Gain comprehensive insights into the Deals and Valuation data of True Credits, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped True Credits's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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

    A charge registered on 21 Mar 2025 via Charge ID 101076879 with Others was fully satisfied on 12 Dec 2025. was recorded as a recent event.

  • Director Appointment

    Anupam Vasdani was appointed as a Additional Director was appointed as a Additional Director on 12 Dec 2025 & has been associated with this company since 2 months 5 days . was recorded as a recent event.

  • Charges

    The activity A charge registered on 16 Jul 2024 via Charge ID 100959265 with Others was fully satisfied on 06 Dec 2025. was completed.

  • Charges

    The activity A charge registered on 06 Mar 2025 via Charge ID 101064613 with Others was fully satisfied on 29 Nov 2025. was completed.

  • Charges

    Progress on A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101203344 was registered on 25 Nov 2025. was documented.

  • Charges

    Progress on A charge with Others of Rs. 20.00 Cr registered on 05 Sep 2025 with Charge ID 101160758 was modified on 20 Nov 2025. was documented.

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Frequently Asked Questions
What is the CIN of True Credits Private Limited?

The CIN of True Credits Private Limited is U65190HR2017PTC070653.

Where is True Credits Private Limited headquartered?

True Credits Private Limited is headquartered at Huda City Centre Metro Station 5Th Floor, Sector - 29, Gurgaon, Haryana, 122001.

When was True Credits Private Limited incorporated?

True Credits Private Limited was incorporated on 05 September 2017.

Who are the current directors of True Credits Private Limited?

The current directors of True Credits Private Limited are

What is the primary industry of True Credits Private Limited?

The primary industry of True Credits Private Limited is Financial And Insurance Service.

Is True Credits Private Limited a listed company?

True Credits Private Limited is unlisted.

What is the capital structure of True Credits Private Limited?

The authorized capital of True Credits Private Limited is ₹21.60 Cr, and the paid-up capital is ₹20.38 Cr.

What is the compliance status of True Credits Private Limited?

The compliance status of True Credits Private Limited is Compliant.

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