About True North Fund V LLP
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True North Fund V LLP is a limited liability partnership (LLP) based in Bangalore, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 20 December 2016 and has been in existence for over 10 years.
The LLP is registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAI-0542.
The LLP has a total obligation of contribution of ₹4,432.4 Cr. It was formerly known as India Value Fund V Llp. It is led by designated partners Suresh Narsappa Talwar and Laxminarayan Rangarajan.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Rocklines House Ground Floor 9/2 Muesum Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2024, the LLP reported a revenue of ₹737.1 Cr, reflecting significant growth compared to the previous year. Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 109% over five years.
The LLP has about 5 employees on its provident fund (EPFO) records.
The LLP is associated with 3 brands: Indigo Delicatessen, DeGustibus Hospitality and True North. As per MCA filings, the LLP has open charges of ₹325 Cr on record.
For more details, the LLP can be reached via its website truenorth.co.in.
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- Website
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- Registered AddressRocklines House Ground Floor 9/2 Muesum Road, Bangalore, Karnataka, India – 560001
- IndustryFinancial Services, Diversified Financial Services
- 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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Financials of True North Fund V LLP FY 2025 filings available
True North Fund V LLP reported revenue of ₹737.1 Cr (up 9734% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of True North Fund V LLP
Revenue has grown at a compounded annual rate (CAGR) of 109% over five years. 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 of True North Fund V LLP
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | •••• | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of True North Fund V LLP
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of True North Fund V are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of True North Fund V LLP
True North Fund V LLP is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Multiples Alternate Asset Management Private Limited | ₹788.17 Cr (FY 2025) | •••• | •••• | 173.0% | •••• | Mumbai, Maharashtra, India |
| Silver Cross Marketing Pvt Ltd | ₹778.13 Cr (FY 2023) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| Resilient Digi Services Private Limited | ₹777.38 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | New Delhi, Delhi, India |
| Alanda Media & Entertainments Private Limited | ₹772.33 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Hyderabad, Telangana, India |
| Gulshan Holdings Private Limited | ₹768.59 Cr (FY 2021) | •••• | •••• | 23.0% | •••• | Muzaffarnagar, Uttar Pradesh, India |
| True North Fund V LLP this company | ₹737.1 Cr (FY 2024) | •••• | •••• | 9734.0% | •••• | Bangalore, Karnataka, India |
| Fintoric Capital Private Limited | ₹736.22 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Delhi, India |
| GKK Capital Markets Private Limited | ₹711.82 Cr (FY 2025) | •••• | •••• | 83.0% | •••• | Kolkata, West Bengal, India |
| Perfios Software Solutions Private Limited | ₹708.65 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Mumbai, Maharashtra, India |
| Cashpor Financial and Technical Services Private Limited | ₹691 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Varanasi, Uttar Pradesh, India |
| J. P. Morgan India Private Limited | ₹682.08 Cr (FY 2019) | •••• | •••• | 24.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below True North Fund V by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of True North Fund V LLP
True North Fund V LLP is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DELOITTE HASKINS & SELLS LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Designated Partners of True North Fund V LLP
True North Fund V has 2 current designated partners and 5 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Narsappa Talwar Also directs: True North Fund VI LLP, True North Fund Trusteeship Private Limited, True North Trusteeship Private Limited and 1 more | Designated Partner | 28 Dec 2016 | 9 Years 9 Months | Current |
| Laxminarayan Rangarajan Also directs: True North Fund VI LLP, True North Fund Trusteeship Private Limited, True North Trusteeship Private Limited and 2 more | Designated Partner | 15 May 2024 | 2 Years 4 Months | Current |
Ownership and Shareholding of True North Fund V LLP
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of True North Fund V LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Oct 2018 | Catalyst Trusteeship Limited | ₹325 Cr | Open |
Total charge records: 1 View all charges
Associated Brands with True North Fund V LLP
True North Fund V operates multiple associated brands including Indigo Delicatessen, DeGustibus Hospitality, and True North. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A fine dining restaurant chain offering exquisite culinary experiences. | indigodeli.com | |
| Multi Cuisine Restaurant Operator | degustibus.com | |
| Private equity is invested by True North in mid-market companies. | truenorth.co.in |
Employees and EPFO Compliance at True North Fund V LLP
True North Fund V LLP has a workforce of 5 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to True North Fund V LLP
Recent Activity on True North Fund V LLP
True North Fund V LLP has 8 designated partner changes on record since 2016: 4 appointments and 4 cessations. The latest: Rajagopalan Santhanam was appointed as Partner on 16 Sep 2024.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for True North Fund V LLP
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- 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 North Fund V LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- 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 North Fund V LLP
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of True North Fund V LLP
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of True North Fund V LLP
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about True North Fund V LLP
True North Fund V is an active limited liability partnership based in Bangalore, Karnataka, India. The LLP works in diversified financial services, within the financial services industry. It was incorporated on 20 December 2016 (10+ years old) and is registered under LLPIN AAI-0542.
True North Fund V reported revenue of ₹737.1 Cr for FY 2024 (up 9734% YoY).
True North Fund V has 2 current designated partners:
- Suresh Narsappa Talwar - Designated Partner
- Laxminarayan Rangarajan - Designated Partner
The compounded annual growth rate (CAGR) of the revenue of True North Fund V is -10% over three years and 109% over five years. CAGR is the steady yearly rate that links the first and the last year.
The LLPIN (Limited Liability Partnership Identification Number) of True North Fund V is AAI-0542. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
True North Fund V was incorporated on 20 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of True North Fund V by revenue are Multiples Alternate Asset Management Private Limited, Silver Cross Marketing Pvt Ltd, Resilient Digi Services Private Limited, Alanda Media & Entertainments Private Limited, Gulshan Holdings Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Rajagopalan Santhanam was appointed as Partner on 16 Sep 2024. Laxminarayan Rangarajan was appointed as Designated Partner on 15 May 2024. Surendra Ambalal Dave ceased to be Designated Partner on 14 May 2024. True North Fund V has 8 designated partner changes on record in total.
True North Fund V can be reached through the website truenorth.co.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of True North Fund V is at Rocklines House Ground Floor 92 Muesum Road, Bangalore, Karnataka, India – 560001.
The total obligation of contribution is ₹4,432.4 Cr.