Startup India Government of India
True Essentia Private Limited
True Essentia Private Limited - pharma in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹64.49 Lakh
▼ 9% YoY
Net loss · FY 2025
₹2.35 Lakh
Net margin -3.6%
EBITDA · FY 2025
-₹70,000
EBITDA margin -1.1%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About True Essentia Private Limited
Data last updated:
True Essentia Private Limited is a private limited company based in Rajkot, Gujarat, India, recognised as a startup by DPIIT. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 13 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2020PTC112678. Its GSTIN is 24AAFCE8370F1ZO (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ajay Kanubhai Boghra and Shrikant Ghusabhai Jotangia.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Rajkot, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹64.49 Lakh, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹2.35 Lakh (net margin -3.6%) and EBITDA of -₹70,000 (EBITDA margin -1.1%). Revenue has grown at a compounded annual rate (CAGR) of 79% over three years.
True Essentia Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0097037). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74999GJ2020PTC112678
Registration Number 112678
Incorporation Date 13 February 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0097037
Recognitions & Rankings of True Essentia
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0097037
Contact details
True Essentia Private Limited's registered office is in Rajkot, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressShop No 614 Shivalay Complex, Shakti Nagar Society Nr. Raj Bank, Rajkot, Gujarat, India – 360001
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of True Essentia Private Limited, buy the company report.
Comprehensive company report
True Essentia 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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Business activity
The main business activity of True Essentia is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of True Essentia Private Limited, buy the company report.
Financials of True Essentia Private Limited
FY 2025 filings availableTrue Essentia Private Limited reported revenue of ₹64.49 Lakh (down 9% YoY) for FY 2025.
Revenue · FY 2025
₹64.49 Lakh ▼ 9%
Net loss · FY 2025
₹2.35 Lakh margin -3.6%
EBITDA · FY 2025
-₹70,000 margin -1.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 79%
EBITDA CAGR growth
1 year
▼ 208%
3 years · compounded
▲ 59%
Revenue fell 9% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 79%. EBITDA fell 208% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹70,000 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.35 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.1% | ||||
| Net Profit Margin | -3.6% | ||||
| 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 Essentia Private Limited, buy the company report.
Board of directors of True Essentia Private Limited
True Essentia has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Kanubhai Boghra | Director | 15 Jul 2023 | 3 Years 3 Months | Current |
| Shrikant Ghusabhai Jotangia Also directs: Lonix Health Care Private Limited | Director | 15 Jul 2023 | 3 Years 3 Months | Current |
Peer comparison
True Essentia Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sank Agro Industries Private Limited | ₹64.54 Lakh (FY 2022) | -18.0% | Belgaum, Karnataka, India | |||
| Kisankrupa Agro Producer Company Limited | ₹64.54 Lakh (FY 2025) | -87.0% | Aurangabad, Maharashtra, India | |||
| Vaishnavi Barter Private Limited | ₹64.53 Lakh (FY 2023) | -58.0% | Kolkata, West Bengal, India | |||
| Teyot Healthcare Private Limited | ₹64.52 Lakh (FY 2024) | 12.0% | Melmuri, Kerala, India | |||
| Optimaxx Agritech Private Limited | ₹64.52 Lakh (FY 2016) | 23.0% | Siliguri, West Bengal, India | |||
| True Essentia Private Limitedthis company | ₹64.49 Lakh (FY 2025) | -₹2.35 Lakh | -3.6% | -9.0% | Rajkot, Gujarat, India | |
| Pama Live Flora Private Limited | ₹64.48 Lakh (FY 2025) | 220.0% | Delhi, India | |||
| Afnaso Trading Private Limited | ₹64.48 Lakh (FY 2025) | 50.0% | Fatehpur, Uttar Pradesh, India | |||
| Gajanan Trexim Private Limited | ₹64.48 Lakh (FY 2025) | -74.0% | Kolkata, West Bengal, India | |||
| Welbur Engineers Private Limited | ₹64.47 Lakh (FY 2025) | 234.0% | Secunderabad, Telangana, India | |||
| Syagro Kisan Tools Private Limited | ₹64.47 Lakh (FY 2019) | Indore, Madhya Pradesh, India |
To see the full peer comparison of True Essentia Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving True Essentia Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for True Essentia Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
True Essentia has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCE8370F1ZO | Gujarat | Active | 03 Mar 2020 |
To see the full GST registrations and return filing status of True Essentia Private Limited, buy the company report.
Recent activity
True Essentia Private Limited has 7 board changes on record since 2022: 2 appointments and 5 cessations. The latest: Ajay Kanubhai Boghra ceased to be Additional Director on 29 Sep 2023.
AGM
True Essentia Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
True Essentia Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Ajay Kanubhai Boghra ceased to be Additional Director.
Ceased
Shrikant Ghusabhai Jotangia ceased to be Additional Director.
Ceased
Ajay Ishvarbhai Prajapati ceased to be Director.
Ceased
Mittal Sulabhbhai Upadhyay ceased to be Director.
Appointed
Ajay Kanubhai Boghra was appointed as Director.
Appointed
Shrikant Ghusabhai Jotangia was appointed as Director.
Ceased
Mayur Prahaladbhai Patel ceased to be Additional Director.
Incorporation
13 Feb 2020
True Essentia Private Limited was registered on 13 Feb 2020 with Roc Ahmedabad & aged 6 years 8 months as per MCA records.
Frequently asked questions
True Essentia is an active private limited company based in Rajkot, Gujarat, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 13 February 2020 (6+ years old) and is registered under CIN U74999GJ2020PTC112678.
True Essentia has 2 current directors:
- Ajay Kanubhai Boghra - Director
- Shrikant Ghusabhai Jotangia - Director
The latest financial statements of True Essentia on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of True Essentia is 24AAFCE8370F1ZO, registered in Gujarat.
The CIN (Corporate Identification Number) of True Essentia is U74999GJ2020PTC112678. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True Essentia was incorporated on 13 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of True Essentia by revenue are Sank Agro Industries Private Limited, Kisankrupa Agro Producer Company Limited, Vaishnavi Barter Private Limited, Teyot Healthcare Private Limited, Optimaxx Agritech Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Ajay Kanubhai Boghra ceased to be Additional Director on 29 Sep 2023. Shrikant Ghusabhai Jotangia ceased to be Additional Director on 29 Sep 2023. Ajay Ishvarbhai Prajapati ceased to be Director on 18 Jul 2023. True Essentia has 7 board changes on record in total.
Yes, True Essentia is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, True Essentia is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0097037).
The registered office of True Essentia is at Shop No 614 Shivalay Complex, Shakti Nagar Society Nr. Raj Bank, Rajkot, Gujarat, India – 360001.
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