About True Sparrow Systems Private Limited
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True Sparrow Systems Private Limited is a private limited company based in Vadodara, Gujarat, India, a subsidiary of Moxie People Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 27 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2007PTC051215. Its GSTIN is 27AACCT7101J1ZE (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.25 Lakh. It is led by directors Nishith Arunkumar Shah (Whole-Time Director) and Sunil Khedar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C/O Akshay Shah & Co Khothi Pole Raopura, Vadodara, Gujarat, India – 390001.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.1 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹8.51 Cr (net margin -207.6%) and EBITDA of -₹8.49 Cr (EBITDA margin -207.1%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 21% over five years.
The company has about 29 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Pepo, PLG Works and True Sparrow. The company has 1 deal on record (1 acquisition); the latest was in November 2012. Its 3 peer companies in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 3 smaller; the largest is Bizzflo India Private Limited with revenue of ₹4.09 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website truesparrow.com.
Company details
Contact details
True Sparrow Systems Private Limited's registered office is in Vadodara, Gujarat. Its website is truesparrow.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC/O Akshay Shah & Co Khothi Pole Raopura, Vadodara, Gujarat, India – 390001
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of True Sparrow Systems 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
Brands
True Sparrow Systems operates multiple associated brands including Pepo, PLG Works, and True Sparrow. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An online platform connects users sharing similar interests and stories. | pepo.com | |
| Web, mobile app, and software development services are provided. | plgworks.com | |
| True Sparrow is engaged in developing technology products. | folly.systems |
Business activity
The main business activity of True Sparrow Systems is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of True Sparrow Systems Private Limited, buy the company report.
Financials of True Sparrow Systems Private Limited
FY 2025 filings availableTrue Sparrow Systems Private Limited reported revenue of ₹4.1 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 9% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 21%. EBITDA fell 118% 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 |
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| EBITDA | -₹8.49 Cr | ||||
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| Net Profit (PAT) | -₹8.51 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -207.1% | ||||
| Net Profit Margin | -207.6% | ||||
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To see the full financial statements and ratios of True Sparrow Systems Private Limited, buy the company report.
Board of directors of True Sparrow Systems Private Limited
True Sparrow Systems 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 |
|---|---|---|---|---|
| Nishith Arunkumar Shah Also directs: Folly Systems Private Limited | Whole-Time Director | 05 May 2022 | 4 Years 5 Months | Current |
| Sunil Khedar | Whole-Time Director | 30 Sep 2015 | 11 Years 0 Months | Current |
Peer comparison
True Sparrow Systems Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| True Sparrow Systems Private Limitedthis company | ₹4.1 Cr (FY 2025) | -₹8.51 Cr | -207.6% | 9.0% | 29 | Vadodara, Gujarat, India |
| Bizzflo India Private Limited | ₹4.09 Cr (FY 2025) | 28.0% | Hyderabad, Telangana, India | |||
| Appstek Solutions Private Limited | ₹4.09 Cr (FY 2025) | 11.0% | Hyderabad, Telangana, India | |||
| Syena Infosoft Private Limited | ₹4.09 Cr (FY 2025) | 25.0% | Seri Lingampally Madhapur, Telangana, India |
To see the full peer comparison of True Sparrow Systems Private Limited, buy the company report.
Auditor
True Sparrow Systems Private Limited is audited by Prakash S. Shah & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Prakash S. Shah & Co. | FY 2022 | 123917W |
Shareholding
The shareholding of True Sparrow Systems 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 2018 | FY 2017 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of True Sparrow Systems Private Limited, buy the company report.
Deals & funding
True Sparrow Systems Private Limited has 1 deal on record (1 acquisition); the latest was in November 2012.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2012 | Acquisition | Undisclosed | Buyer: Fab Inc. |
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 Sparrow Systems 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 Sparrow Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
True Sparrow Systems Private Limited has a workforce of 29 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
True Sparrow Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT7101J1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of True Sparrow Systems Private Limited, buy the company report.
Recent activity
True Sparrow Systems Private Limited has 8 board changes on record since 2012: 2 appointments and 6 cessations. The latest: Akshay Raje ceased to be Whole-Time Director on 06 May 2022.
Frequently asked questions
True Sparrow Systems is an active private limited company based in Vadodara, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 27 June 2007 (19+ years old) and is registered under CIN U72900GJ2007PTC051215.
True Sparrow Systems has 2 current directors:
- Nishith Arunkumar Shah - Whole-Time Director
- Sunil Khedar - Whole-Time Director
The latest financial statements of True Sparrow Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of True Sparrow Systems is 27AACCT7101J1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of True Sparrow Systems is U72900GJ2007PTC051215. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True Sparrow Systems was incorporated on 27 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
True Sparrow Systems has 1 deal on record (1 acquisition); the latest was in November 2012.
The peers of True Sparrow Systems by revenue are Bizzflo India Private Limited, Appstek Solutions Private Limited, Syena Infosoft Private Limited, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Akshay Raje ceased to be Whole-Time Director on 06 May 2022. Jason Seth Goldberg ceased to be Director on 05 May 2022. Nishith Arunkumar Shah was appointed as Whole-Time Director on 05 May 2022. True Sparrow Systems has 8 board changes on record in total.
True Sparrow Systems can be reached through the website truesparrow.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of True Sparrow Systems is at CO Akshay Shah & Co Khothi Pole Raopura, Vadodara, Gujarat, India – 390001.