True North Constructions Private Limited
About True North Constructions Private Limited
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True North Constructions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 10 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45309MH2020PTC351609. Its GSTIN is 27AAICT2846E1Z9 (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Mukesh Jain Ghewarchand and Ashok Kaulchand Jogani.
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 805 8th Floor A Wing Plaza Panchshil Nyaymurti Sitaram Patkar Marg Gamdevi Grant Road, Mumbai, Maharashtra, India – 400007.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.56 Cr, a growth of 103% compared to the previous year. For the same year it recorded a net profit of ₹7.29 Lakh (net margin 4.7%) and EBITDA of ₹81.35 Lakh (EBITDA margin 52.1%).
As per MCA filings, the company has open charges of ₹9.6 Cr on record.
Company details
Contact details
True North Constructions Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address805 8th Floor A Wing Plaza Panchshil Nyaymurti Sitaram Patkar Marg Gamdevi Grant Road, Mumbai, Maharashtra, India – 400007
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of True North Constructions Private 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
Business activity
The main business activities of True North Constructions are construction, real estate activities and administrative and support service activities. In detail, this covers construction of buildings, real estate activities and office administrative, office support and other business support activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings | |
| L | Real estate activities | 68 | Real estate activities | |
| N | Administrative and support service activities | 82 | Office administrative, office support and other business support activities |
To see the full business activity and turnover split of True North Constructions Private Limited, buy the company report.
Financials of True North Constructions Private Limited
FY 2025 filings availableTrue North Constructions Private Limited reported revenue of ₹1.56 Cr (up 103% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 103% in the latest year. EBITDA rose 557% 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 |
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| EBITDA | ₹81.35 Lakh | ||||
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| Net Profit (PAT) | ₹7.29 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 52.1% | ||||
| Net Profit Margin | 4.7% | ||||
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To see the full financial statements and ratios of True North Constructions Private Limited, buy the company report.
Board of directors of True North Constructions Private Limited
True North Constructions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Jain Ghewarchand Also directs: Grostock Stores LLP | Director | 10 Dec 2020 | 5 Years 11 Months | Current |
| Ashok Kaulchand Jogani | Director | 10 Dec 2020 | 5 Years 11 Months | Current |
Auditor
True North Constructions Private Limited is audited by Dhanpat Kothari & Associates Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dhanpat Kothari & Associates Chartered Accountants | FY 2023 | 131027W |
Shareholding
The shareholding of True North Constructions Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of True North Constructions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2023 | 100712037 | Others | ₹3.6 Cr | Open | |
| 31 Jan 2023 | 100723038 | Others | ₹6 Cr | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving True North Constructions 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
True North Constructions Private Limited has 3 MSME Form 1 returns on record between 2022 and 2023, listing 6 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| BMW India Financial Services Private Limited | |||
| an individual supplier |
To see the full MSME payment records of True North Constructions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
True North Constructions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICT2846E1Z9 | Maharashtra | Active | 04 Nov 2021 |
To see the full GST registrations and return filing status of True North Constructions Private Limited, buy the company report.
Recent activity
True North Constructions Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Ashok Kaulchand Jogani was appointed as Director on 10 Dec 2020.
Frequently asked questions
True North Constructions is an active private limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 10 December 2020 (6+ years old) and is registered under CIN U45309MH2020PTC351609.
True North Constructions has 2 current directors:
- Mukesh Jain Ghewarchand - Director
- Ashok Kaulchand Jogani - Director
The latest financial statements of True North Constructions 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 2021 are in the company report.
The GSTIN of True North Constructions is 27AAICT2846E1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of True North Constructions is U45309MH2020PTC351609. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True North Constructions was incorporated on 10 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashok Kaulchand Jogani was appointed as Director on 10 Dec 2020. Mukesh Jain Ghewarchand was appointed as Director on 10 Dec 2020.
True North Constructions has 3 MSME Form 1 returns on record between 2022 and 2023, listing 6 overdue payments to 3 micro and small suppliers. The latest return was filed on 16 Nov 2023.
The registered office of True North Constructions is at 805 8th Floor A Wing Plaza Panchshil Nyaymurti Sitaram Patkar Marg Gamdevi Grant Road, Mumbai, Maharashtra, India – 400007.
True North Constructions operates in the infrastructure and utilities industry, in the general construction services segment.
True North Constructions has open charges of ₹9.6 Cr and no satisfied charges on record as per latest MCA filings.
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