About True North Enterprise Private Limited
Data last updated:
True North Enterprise Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the asset management firms segment of the financial services sector. It was incorporated on 18 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2015PTC352651. Its GSTIN is 27AADCI8979A1ZB (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹19 Cr and a paid-up capital of ₹8.37 Cr. It was formerly known as India Value Fund Managers Private Limited. It is led by directors Vishal Gangadhar Nevatia and Rajagopalan Santhanam.
Its last annual general meeting (AGM) was held on 28 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Suite F9C Grand Hyatt Plaza Santacruz East, Mumbai, Maharashtra, India – 400055.
As per the financials filed for FY 2023, the company reported a revenue of ₹16.17 Cr. For the same year it recorded a net profit of ₹2.84 Lakh (net margin 0.2%) and EBITDA of ₹1.52 Cr (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 12% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
The company has 15 deals on record (7 secondary share transfers, 6 funding rounds, 2 rights issues), with disclosed funding of ₹1.54 Cr; the latest was in September 2024. The company has 4 MSME Form 1 returns on record between 2023 and 2024, listing 4 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website truenorth.co.in.
Company details
CIN history
True North Enterprise has one previous CIN (Corporate Identification Number): U74900KA2015PTC082342. The current CIN is U74900MH2015PTC352651, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900MH2015PTC352651 | Current |
| U74900KA2015PTC082342 | Previous |
Contact details
True North Enterprise Private Limited's registered office is in Mumbai, Maharashtra. Its website is truenorth.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSuite F9C Grand Hyatt Plaza Santacruz East, Mumbai, Maharashtra, India – 400055
- IndustryFinancial Services, Asset Management Firms, Investment Banking & Advisory
To see the full contact details of True North Enterprise 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
Financials of True North Enterprise Private Limited
FY 2025 filings availableTrue North Enterprise Private Limited reported revenue of ₹16.17 Cr for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years. EBITDA rose 18% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹16.17 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.84 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.4% | ||||
| Net Profit Margin | 0.2% | ||||
| 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 North Enterprise Private Limited, buy the company report.
Board of directors of True North Enterprise Private Limited
True North Enterprise has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Gangadhar Nevatia Also directs: True North Managers LLP, True North Credit Fund Managers LLP, True North (Gift) Sponsor LLP and 2 more | Director | 09 Sep 2024 | 2 Years 1 Months | Current |
| Rajagopalan Santhanam | Director | 22 Nov 2023 | 2 Years 11 Months | Current |
Auditor
True North Enterprise Private Limited is audited by Deloitte Haskins & Sells LLP, Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP, Chartered Accountants | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of True North Enterprise Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of True North Enterprise Private Limited, buy the company report.
Deals & funding
True North Enterprise Private Limited has 15 deals on record (7 secondary share transfers, 6 funding rounds, 2 rights issues), with disclosed funding of ₹1.54 Cr; the latest was in September 2024.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: True North Capital Trust |
| Mar 2022 | Secondary share transfer | Undisclosed | Seller: True North Capital Trust |
| Feb 2022 | Rights issue | ₹7 Cr | Investors: True North Managers LLP |
| Feb 2022 | Secondary share transfer | Undisclosed | Seller: True North Capital Trust |
| Jul 2021 | Secondary share transfer | Undisclosed | Seller: True North Capital Trust |
To see the full deal history of True North Enterprise Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving True North Enterprise 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 Enterprise Private Limited has 4 MSME Form 1 returns on record between 2023 and 2024, listing 4 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 |
|---|---|---|---|
| Winpe Development Private Limited | |||
| Sysnet Global Technologies Private Limited. | |||
| Tracxn Technologies Limited |
To see the full MSME payment records of True North Enterprise Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
True North Enterprise Private Limited has a workforce of 10 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
True North Enterprise has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCI8979A1ZB | Maharashtra | Active | 01 Jul 2017 |
| 29AADCI8979A1Z7 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of True North Enterprise Private Limited, buy the company report.
Recent activity
True North Enterprise Private Limited has 8 board changes on record since 2016: 2 appointments and 6 cessations. The latest: Vishal Gangadhar Nevatia was appointed as Director on 09 Sep 2024.
News
Frequently asked questions
True North Enterprise is an active private limited company based in Mumbai, Maharashtra, India. The company works in asset management firms, within the financial services industry. It was incorporated on 18 August 2015 (11+ years old) and is registered under CIN U74900MH2015PTC352651.
True North Enterprise has 2 current directors:
- Vishal Gangadhar Nevatia - Director
- Rajagopalan Santhanam - Director
The latest financial statements of True North Enterprise on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 November 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of True North Enterprise is 27AADCI8979A1ZB, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AADCI8979A1Z7 (Karnataka).
The CIN (Corporate Identification Number) of True North Enterprise is U74900MH2015PTC352651. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True North Enterprise was incorporated on 18 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
True North Enterprise has 15 deals on record (7 secondary share transfers, 6 funding rounds, 2 rights issues), with disclosed funding of ₹1.54 Cr; the latest was in September 2024.
Vishal Gangadhar Nevatia was appointed as Director on 09 Sep 2024. Rajagopalan Santhanam was appointed as Director on 22 Nov 2023. Srikrishna Venkatanarasimha Dwaram ceased to be Additional Director on 11 Jul 2022. True North Enterprise has 8 board changes on record in total.
True North Enterprise has 4 MSME Form 1 returns on record between 2023 and 2024, listing 4 overdue payments to 3 micro and small suppliers. The latest return was filed on 30 Apr 2024.
True North Enterprise can be reached through the website truenorth.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of True North Enterprise is at Suite F9C Grand Hyatt Plaza Santacruz East, Mumbai, Maharashtra, India – 400055.