About True North Software Private Limited
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True North Software Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 12 May 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2021PTC360236. Its GSTIN is 27AAICT6102D1ZM (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rishen Sunil Kapoor and Ruchin Parag Kulkarni.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6 – B Maker Mahal 249 Perry Road Above Kotak Mahindra Bank Bandra West, Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.17 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹14.39 Cr (net margin 46.2%) and EBITDA of ₹15.92 Cr (EBITDA margin 51.1%). Revenue has grown at a compounded annual rate (CAGR) of 65% over three years.
The company has about 47 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Toplyne. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2022. Its 10 peer companies in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.) are compared by revenue, 5 larger and 5 smaller; the largest is Lifesight Technologies Private Limited.
For more details, the company can be reached via its website toplyne.io.
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- Social Media
- Registered Address6 – B Maker Mahal 249 Perry Road Above Kotak Mahindra Bank Bandra West, Mumbai, Maharashtra, India – 400050
- IndustryInformation Technology, Application Development & Software Solutions
- 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
Business Activity of True North Software Private Limited
The main business activity of True North Software is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of True North Software Private Limited FY 2025 filings available
True North Software Private Limited reported revenue of ₹31.17 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of True North Software Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 65% over three years, including 10% growth 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 Software Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹15.92 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.39 Cr | •••• | •••• | •••• |
| 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 of True North Software Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 51.1% | •••• | •••• | •••• |
| Net Profit Margin | 46.2% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of True North Software are in the company report.
Financial statements from FY 2022
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 Software Private Limited
True North Software Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lifesight Technologies Private Limited | •••• | •••• | •••• | •••• | 125 | Bangalore South, Karnataka, India |
| Prodapt NMS India Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Microobjects Private Limited | •••• | •••• | •••• | •••• | - | Cochin, Kerala, India |
| Techbulls Softtech Private Limited | •••• | •••• | •••• | •••• | 118 | Pune, Maharashtra, India |
| Liveperson India Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| True North Software Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Siyacloud Private Limited | •••• | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Thoughtclan Technologies Private Limited | •••• | •••• | •••• | •••• | 118 | Bangalore, Karnataka, India |
| NTS Automation Labs Private Limited | •••• | •••• | •••• | •••• | 192 | Pune City, Maharashtra, India |
| Wynncom Digital Devices Private Limited | •••• | •••• | •••• | •••• | 66 | Industrial Complex Dundahera, Haryana, India |
| Skoruz Technologies Private Limited | •••• | •••• | •••• | •••• | 13 | Egmore Nungambakkam, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below True North Software by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of True North Software Private Limited
True North Software has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rishen Sunil Kapoor | Director | 12 May 2021 | 5 Years 4 Months | Current |
| Ruchin Parag Kulkarni | Director | 12 May 2021 | 5 Years 4 Months | Current |
Charges & Borrowings of True North Software Private Limited
True North Software Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of True North Software Private Limited
True North Software Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2022.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Toplyne Labs Pte Limited Seller: 3 individuals |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with True North Software Private Limited
True North Software operates one associated brand: Toplyne. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Toplyne provides a cloud-based platform for lead management solutions tailored to PLG companies. | toplyne.io |
Employees and EPFO Compliance at True North Software Private Limited
Employment history and EPFO contributions of people linked to True North Software.
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.
Recent Activity on True North Software Private Limited
True North Software Private Limited has 3 board changes on record since 2021: 2 appointments and 1 cessation. The latest: Rohit Rajesh Khanna ceased to be Director on 29 Feb 2024.
Credit Ratings, Litigation & Regulatory Alerts for True North Software Private Limited
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 Software Private Limited
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 Software Private Limited
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 Software Private Limited
True North Software has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICT6102D1ZM | Maharashtra | Active | 14 Jul 2021 |
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 Software Private Limited
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 Software Private Limited
True North Software is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 12 May 2021 (5+ years old) and is registered under CIN U72900MH2021PTC360236.
True North Software reported revenue of ₹31.17 Cr for FY 2025 (up 10% YoY).
True North Software has 2 current directors:
- Rishen Sunil Kapoor - Director
- Ruchin Parag Kulkarni - Director
True North Software reported a net profit of ₹14.39 Cr (net margin 46.2%) and EBITDA of ₹15.92 Cr (EBITDA margin 51.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of True North Software is 65% over three years. In the latest year (FY 2025) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of True North Software is 27AAICT6102D1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of True North Software is U72900MH2021PTC360236. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True North Software was incorporated on 12 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
True North Software has 1 deal on record (1 secondary share transfer); the latest was in March 2022.
The peers of True North Software by revenue are Lifesight Technologies Private Limited, Prodapt NMS India Private Limited, Microobjects Private Limited, Techbulls Softtech Private Limited, Liveperson India Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Rohit Rajesh Khanna ceased to be Director on 29 Feb 2024. Rishen Sunil Kapoor was appointed as Director on 12 May 2021. Ruchin Parag Kulkarni was appointed as Director on 12 May 2021.