True Rings India Private Limited
About True Rings India Private Limited
Data last updated:
True Rings India Private Limited is a private limited company based in Telangana, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 06 April 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U28991TG2005PTC045824. Its GSTIN is 36AACCT2226Q1Z1 (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹62.5 Lakh. It is led by directors Kiran Veeramachaneni (Managing Director) and Ramachandra Rao Veeramachaneni.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 12 – 13 – 485/1 Street No.20 Nagarjuna Nagar Tarnaka Secunderabad – 17, Telangana, India – 500017.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.1 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹24.74 Lakh (net margin -8%) and EBITDA of ₹7.58 Lakh (EBITDA margin 2.4%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 6% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.72 Cr and satisfied charges of ₹4.51 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
True Rings India has one previous CIN (Corporate Identification Number): U28991AP2005PTC045824. The current CIN is U28991TG2005PTC045824, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28991TG2005PTC045824 | Current |
| U28991AP2005PTC045824 | Previous |
Contact details
True Rings India Private Limited's registered office is in Telangana. Its e-mail address is in the company report.
- Email
- Registered Address12 – 13 – 485/1 Street No.20 Nagarjuna Nagar Tarnaka Secunderabad – 17, Telangana, India – 500017
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of True Rings India 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 activity of True Rings India is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of True Rings India Private Limited, buy the company report.
Financials of True Rings India Private Limited
FY 2025 filings availableTrue Rings India Private Limited reported revenue of ₹3.1 Cr (down 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 35% fall in the latest year. EBITDA fell 76% 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 |
|---|---|---|---|---|---|
| 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 | ₹7.58 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹24.74 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | -8% | ||||
| 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 Rings India Private Limited, buy the company report.
Board of directors of True Rings India Private Limited
True Rings India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Veeramachaneni | Managing Director | 06 Apr 2005 | 21 Years 6 Months | Current |
| Ramachandra Rao Veeramachaneni Also directs: Dual Rings Pvt Ltd | Director | 06 Apr 2005 | 21 Years 6 Months | Current |
Auditor
True Rings India Private Limited is audited by P V R K NAGESWARA RAO & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P V R K NAGESWARA RAO & CO | FY 2021 | 002283S |
Shareholding
The shareholding of True Rings India Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of True Rings India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2008 | 10093991 | Andhra Pradesh State Financial Corporation | ₹47 Lakh | Open | |
| 28 Mar 2008 | 10098143 | Others | ₹1.25 Cr | Open | |
| 25 Jun 2020 | 100350283 | Others | ₹24 Lakh | Satisfied | |
| 19 Dec 2018 | 100224511 | Others | ₹50 Lakh | Satisfied | |
| 07 Dec 2017 | 100139401 | Others | ₹50 Lakh | Satisfied |
To see the full charge records of True Rings India Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
No court or tribunal cases involving True Rings India 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
No delayed payments to MSME suppliers are on our record for True Rings India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
True Rings India Private Limited has a workforce of 12 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
True Rings India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCT2226Q1Z1 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of True Rings India Private Limited, buy the company report.
Recent activity
True Rings India Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Kiran Veeramachaneni was appointed as Managing Director on 06 Apr 2005.
10 earlier events are in the company report.
Frequently asked questions
True Rings India is an active private limited company based in Telangana, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 06 April 2005 (21+ years old) and is registered under CIN U28991TG2005PTC045824.
True Rings India has 2 current directors:
- Kiran Veeramachaneni - Managing Director
- Ramachandra Rao Veeramachaneni - Director
The latest financial statements of True Rings India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of True Rings India is 36AACCT2226Q1Z1, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of True Rings India is U28991TG2005PTC045824. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True Rings India was incorporated on 06 April 2005, making it 21+ years old. It is registered with the Registrar of Companies, Hyderabad.
Kiran Veeramachaneni was appointed as Managing Director on 06 Apr 2005. Ramachandra Rao Veeramachaneni was appointed as Director on 06 Apr 2005.
The registered office of True Rings India is at 12 – 13 – 4851 Street No.20 Nagarjuna Nagar Tarnaka Secunderabad – 17, Telangana, India – 500017.
True Rings India operates in the machinery and equipment industry, in the industrial tools and components segment.
True Rings India has open charges of ₹1.72 Cr and satisfied charges of ₹4.51 Cr as per latest MCA filings.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
