About True Credits Private Limited
Data last updated: 31 December 2025
True Credits Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Balancehero India Private Limited. It specialises in non-banking financial services (NBFC), a part of the broader financial services sector. Incorporated on 05 September 2017, the company has been in operation for over 9 years.
Registered with ROC Delhi under CIN U65190HR2017PTC070653.
Capital: an authorised share capital of ₹21.6 Cr and a paid-up capital of ₹20.38 Cr. It is led by directors including Vishal Bhatia and Shunmugam Sundararaj.
Last AGM: 27 August 2025. Financial statements filed for year ended 31 March 2025. Office: Huda City Centre Metro Station 5Th Floor Sector – 29, Gurgaon, Haryana, India – 122001.
As per the financials filed for FY 2024, the company reported a revenue of ₹669.88 Cr, a growth of 81% compared to the previous year.
The company has a workforce of approximately 91 employees as per the latest available data. It operates as a subsidiary of Balancehero India Private Limited.
The company is associated with 2 brands - True Credits, True Balance. As per MCA filings, the company has open charges of ₹2,339.5 Cr and satisfied charges of ₹2,442.2 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website truecredits.in.
-
EmailLocked
-
TelephoneLocked
-
Website
-
Social MediaLocked
-
Registered AddressHuda City Centre Metro Station 5Th Floor Sector – 29, Gurgaon, Haryana, India – 122001
-
IndustryFinancial Services, NBFC, Investment & Credit NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with True Credits Private Limited
True Credits Private Limited operates two associated brands: True Credits and True Balance. These brands represent True Credits Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Provider of an app-based platform for personal loans and investment products | truecredits.in | |
| Personal loans and prepaid instruments are provided via mobile wallet. | truebalance.io |
Competitors & Alternatives of True Credits Private Limited
Brands and companies operating in the same space as True Credits Private Limited include Stashfin, Money View, Kissht and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Stashfin
|
Digital lending and instant credit lines are provided to individuals. | Gurugram, India, India | 2016 |
Money View
|
Loans, credit cards, gold investments, insurance, and UPI are provided. | Bengaluru, India, India | 2014 |
Kissht
|
Personal, business, and property loans are provided by Kissht. | Mumbai, India, India | 2015 |
Fibe
|
Fibe is recognized as India's largest lending platform for instant credit solutions. | Pune, India, India | 2015 |
mPokket
|
Provider of a digital lending platform offering instant personal loans to underserved youth, providing financial solutions through a mobile app | Kolkata, India, India | 2016 |
CASHe
|
Online instant personal loans are provided to salaried professionals. | Mumbai, India, India | 2016 |
Branch
|
Branch is focused on providing faster workforce payment solutions. | Minneapolis, United States, United States | 2015 |
Finnable
|
Online personal loans with minimal documentation are offered digitally. | Bengaluru, India, India | 2015 |
Olyv
|
Personal loans and savings options are provided for users. | Bengaluru, India, India | 2017 |
MyShubhLife
|
Embedded finance and personal loan solutions for businesses are offered. | Bengaluru, India, India | 2016 |
Business Activity of True Credits Private Limited
True Credits Private Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details for True Credits Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of True Credits Private Limited
True Credits Private Limited is audited by Dewan P.N. Chopra & Co. for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Dewan P.N. Chopra & Co. | Locked | Locked | Locked |
Complete auditor history for True Credits Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of True Credits Private Limited
True Credits Private Limited is currently managed by 6 directors, with 10 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Bhatia | Managing Director | 14 Nov 2020 | 5 Years 9 Months | Current |
| Shunmugam Sundararaj | Director | 28 May 2021 | 5 Years 2 Months | Current |
| Cheolwon Lee | Managing Director | 05 Sep 2017 | 8 Years 11 Months | Current |
|
Padmaja Makarand Parange
Also directs:
Snp Core Advisors Llp, Sustain Edge Esg Llp
|
Director | 01 Sep 2024 | 1 Years 11 Months | Current |
| Anand Jethalia | Director | 01 Aug 2024 | 2 Years 0 Months | Current |
|
Anupam Vasdani
Also directs:
Balancehero India Private Limited
|
Additional Director | 12 Dec 2025 | 0 Years 8 Months | Current |
Financials of True Credits Private Limited FY 2025 filings available
True Credits Private Limited reported revenue of ₹669.88 Cr (up 81.00% YoY) for FY 2024.
Ten-year financial statements for True Credits Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of True Credits Private Limited
Shareholding and ownership data for True Credits Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of True Credits Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Nov 2025 | Others | ₹25 Cr | Open |
| 03 Nov 2025 | Others | ₹35 Cr | Open |
| 29 Oct 2025 | Others | ₹12 Cr | Open |
| 23 Oct 2025 | Others | ₹6 Cr | Open |
| 16 Oct 2025 | Others | ₹40 Cr | Open |
Total charge records: 199 View all charges
Employees and EPFO Compliance at True Credits Private Limited
True Credits Private Limited has a workforce of 91 employees as of Apr 09, 2024.
Employee and EPFO history for True Credits Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of True Credits Private Limited
GST registrations and filing compliance for True Credits Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for True Credits Private Limited
Credit ratings, litigation, and regulatory alerts for True Credits Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by True Credits Private Limited
MSME payment history for True Credits Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of True Credits Private Limited
Corporate group structure for True Credits Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of True Credits Private Limited
MCA filings and documents for True Credits Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on True Credits Private Limited
Frequently Asked Questions about True Credits Private Limited
True Credits Private Limited is an active private limited company in the financial services sector based in Gurgaon, Haryana, India. It was incorporated on 05 September 2017 (9+ years old) and is registered under CIN U65190HR2017PTC070653. The company has 91 employees.
True Credits Private Limited reported revenue of ₹669.88 Cr for FY 2024 (up 81.00% YoY).
The current directors of True Credits Private Limited are:
- Vishal Bhatia - Managing Director
- Shunmugam Sundararaj - Director
- Cheolwon Lee - Managing Director
- Padmaja Makarand Parange - Director
- Anand Jethalia - Director
- Anupam Vasdani - Additional Director
The primary industry of True Credits Private Limited is financial services. The company specifically operates in nbfc. The company is currently active in this sector.
True Credits Private Limited can be reached at the registered office: Huda City Centre Metro Station 5Th Floor Sector – 29, Gurgaon, Haryana, India – 122001, or through the website truecredits.in.
The authorised capital is ₹21.6 Cr, and the paid-up capital is ₹20.38 Cr.