True North Managers LLP
About True North Managers LLP
Data last updated:
True North Managers LLP is a limited liability partnership (LLP) based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 28 June 2010 and has been in existence for over 16 years.
The LLP is registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAA-1685. Its GSTIN is 27AADFI1108E1ZY (Maharashtra). The LLP holds 3 GST registrations, of which 2 are active.
The LLP has a total obligation of contribution of ₹32,000. It is led by designated partners Vishal Gangadhar Nevatia and Rajagopalan Santhanam.
Its latest statement of accounts is 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 2021, the LLP reported a revenue of ₹18.99 Cr, a decline of 55% compared to the previous year. For the same year it recorded a net profit of ₹4.63 Cr (net margin 24.4%) and EBITDA of ₹5.11 Cr (EBITDA margin 26.9%). Revenue has declined at a compounded annual rate (CAGR) of 32% over three years and 31% over five years.
Court records list 1 case involving the LLP, including 1 filed by the LLP; 1 case is pending.
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- Registered AddressSuite F9C Grand Hyatt Plaza Santacruz East, Mumbai, Maharashtra, India – 400055
- 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
- One PDF report, delivered after checkout
Financials of True North Managers LLP FY 2025 filings available
True North Managers LLP reported revenue of ₹18.99 Cr (down 55% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of True North Managers LLP
Revenue has declined at a compounded annual rate (CAGR) of 31% over five years, including a 55% fall in the latest year. EBITDA fell 57% 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 of True North Managers LLP
| Statement of Account and Solvency | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | ₹18.99 Cr | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹4.63 Cr | •••• | •••• | •••• | •••• |
| 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 Managers LLP
| Statement of Account and Solvency | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 24.4% | •••• | •••• | •••• | •••• |
| 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 Managers are in the company report.
Financial statements from 2015
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.
Designated Partners of True North Managers LLP
True North Managers has 2 current designated partners and 7 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Gangadhar Nevatia Also directs: True North Credit Fund Managers LLP, True North (Gift) Sponsor LLP, True North Capital Management LLP and 2 more | Designated Partner | 09 Aug 2016 | 10 Years 1 Months | Current |
| Rajagopalan Santhanam | Designated Partner | 30 Sep 2022 | 4 Years 0 Months | Current |
Ownership and Shareholding of True North Managers 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 Managers LLP
True North Managers LLP does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of True North Managers LLP
True North Managers LLP has 1 court case on record: 1 filed by True North Managers. All case is pending. Status as checked on 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Registrar of Trade Marks | Pending |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at True North Managers LLP
Employment history and EPFO contributions of people linked to True North Managers.
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 Managers LLP
Recent Activity on True North Managers LLP
True North Managers LLP has 9 designated partner changes on record since 2010: 3 appointments and 6 cessations. The latest: Rajagopalan Santhanam was appointed as Designated Partner on 30 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for True North Managers 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 Managers 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 Managers 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 Managers LLP
True North Managers has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADFI1108E1ZY | Maharashtra | Active | 01 Jul 2017 |
| 29AADFI1108E1ZU | Karnataka | Active | 01 Jul 2017 |
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 Managers 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 Managers LLP
True North Managers is an active limited liability partnership based in Mumbai, Maharashtra, India. The LLP works in diversified financial services, within the financial services industry. It was incorporated on 28 June 2010 (16+ years old) and is registered under LLPIN AAA-1685.
True North Managers reported revenue of ₹18.99 Cr for FY 2021 (down 55% YoY).
True North Managers has 2 current designated partners:
- Vishal Gangadhar Nevatia - Designated Partner
- Rajagopalan Santhanam - Designated Partner
True North Managers reported a net profit of ₹4.63 Cr (net margin 24.4%) and EBITDA of ₹5.11 Cr (EBITDA margin 26.9%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of True North Managers is -32% over three years and -31% over five years. In the latest year (FY 2021) revenue fell 55%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of True North Managers is 27AADFI1108E1ZY, registered in Maharashtra. The LLP has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AADFI1108E1ZU (Karnataka).
The LLPIN (Limited Liability Partnership Identification Number) of True North Managers is AAA-1685. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
True North Managers has 1 court case on record: 1 filed by the LLP. 1 is pending.
True North Managers was incorporated on 28 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Rajagopalan Santhanam was appointed as Designated Partner on 30 Sep 2022. Ashok Wadhwa ceased to be Partner on 05 Mar 2018. Vikram Nirula ceased to be Designated Partner on 04 Aug 2017. True North Managers has 9 designated partner changes on record in total.