MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0041218
Truefit Engineering Company Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹9.77 Cr
▲ 1% YoY
Net profit · FY 2025
₹6.08 Lakh
Net margin 0.6%
EBITDA · FY 2025
₹1.01 Cr
EBITDA margin 10.3%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹4.77 Cr
Satisfied ₹31.95 Cr
Company age
32 yrs
Est. 1994
Directors on board
3
As per MCA filings
About Truefit Engineering Company Limited
Data last updated:
Truefit Engineering Company Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 25 November 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74210MH1994PLC083300. Its GSTIN is 27AAACT2642Q1ZY (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Truefit Engineering Company Private Limited. It is led by directors including Sagar Sudhakar Bangera and Suraj Sudhakar Bangera.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 5 Rachna Apartments Laxminarayan Temple Road Eksar Borivali (W), Mumbai, Maharashtra, India – 400092.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.77 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹6.08 Lakh (net margin 0.6%) and EBITDA of ₹1.01 Cr (EBITDA margin 10.3%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 12% over five years.
The company is associated with 1 brand: TrueFit. As per MCA filings, the company has open charges of ₹4.77 Cr and satisfied charges of ₹31.95 Cr on record. Court records list 54 cases involving the company, including 1 filed by the company and 53 filed against it; 4 cases are pending.
Truefit Engineering Company Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0041218). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website truefitindia.com.
Company details
CIN U74210MH1994PLC083300
Registration Number 083300
Incorporation Date 25 November 1994
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0041218
Key People
Sagar Sudhakar Bangera Director Suraj Sudhakar Bangera Director Sudhakar Koraga Bangera Director Recognitions & Rankings of Truefit Engineering Company
Contact details
Truefit Engineering Company Limited's registered office is in Mumbai, Maharashtra. Its website is truefitindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address5 Rachna Apartments Laxminarayan Temple Road Eksar Borivali (W), Mumbai, Maharashtra, India – 400092
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Truefit Engineering Company Limited, buy the company report.
Comprehensive company report
Truefit Engineering Company Limited - one report that includes everything
- 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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Brands
Truefit Engineering Company operates one associated brand: TrueFit. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of bearing accessories and engineering components for industrial use. | truefitindia.com |
Business activity
The main business activity of Truefit Engineering Company is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Truefit Engineering Company Limited, buy the company report.
Financials of Truefit Engineering Company Limited
FY 2024 filings availableTruefit Engineering Company Limited reported revenue of ₹9.77 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹9.77 Cr ▲ 1%
Net profit · FY 2025
₹6.08 Lakh margin 0.6%
EBITDA · FY 2025
₹1.01 Cr margin 10.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 14%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 18%
5 years · compounded
▲ 28%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 1% growth in the latest year. EBITDA fell 2% 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 | ₹1.01 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.08 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 | 10.3% | ||||
| Net Profit Margin | 0.6% | ||||
| 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 Truefit Engineering Company Limited, buy the company report.
Board of directors of Truefit Engineering Company Limited
Truefit Engineering Company has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sagar Sudhakar Bangera | Director | 16 Apr 2018 | 8 Years 6 Months | Current |
| Suraj Sudhakar Bangera | Director | 01 Jun 2019 | 7 Years 5 Months | Current |
| Sudhakar Koraga Bangera Also directs: Suraj Components Manufacturing Limited | Director | 01 Dec 2022 | 3 Years 11 Months | Current |
Auditor
Truefit Engineering Company Limited is audited by S C Mehra & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S C Mehra & Associates LLP | FY 2023 | 106156W/W100305 |
Shareholding
The shareholding of Truefit Engineering Company Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Truefit Engineering Company Limited, buy the company report.
Charges & borrowings
Open charges
₹4.77 Cr
Satisfied charges
₹31.95 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Nov 2023 | 100829617 | Others | ₹40 Lakh | Open | |
| 01 Dec 2022 | 100649252 | Others | ₹18.5 Lakh | Open | |
| 29 Jun 2022 | 100586892 | Others | ₹24 Lakh | Open | |
| 25 May 2022 | 100579907 | Others | ₹24 Lakh | Open | |
| 13 Dec 2021 | 100513379 | Others | ₹1.6 Cr | Open |
To see the full charge records of Truefit Engineering Company Limited, buy the company report.
Total charge records: 19 View all charges
Legal cases
Truefit Engineering Company Limited has 54 court cases on record: 1 filed by Truefit Engineering Company, 53 filed against it. 4 cases are pending and 50 are disposed.
Total cases
54
Filed by the company
1
Filed against the company
53
Pending
4
Disposed
50
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 52 | 51 | 4 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 54)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Panchmahal at Godhra, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed by the company against an individual | Pending |
| District court, Panchmahal at Godhra, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Panchmahal at Godhra, Gujarat | Court case (CR EN) | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (SMST R) | Filed against the company by an individual | Disposed |
To see the full case history of Truefit Engineering Company Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Truefit Engineering Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Truefit Engineering Company has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT2642Q1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Truefit Engineering Company Limited, buy the company report.
Recent activity
Truefit Engineering Company Limited has 8 board changes on record since 2010: 3 appointments and 5 cessations. The latest: Sudhakar Koraga Bangera was appointed as Director on 01 Dec 2022.
Charges
A charge registered on 27 Feb 2021 via Charge ID 100427440 with Others was fully satisfied on 29 May 2025.
AGM
Truefit Engineering Company Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Truefit Engineering Company Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 0.40 Cr with Charge ID 100829617 was registered on 21 Nov 2023.
Charges
A charge with Others amounted to Rs. 0.19 Cr with Charge ID 100649252 was registered on 01 Dec 2022.
Appointed
Sudhakar Koraga Bangera was appointed as Director.
Charges
A charge with Others of Rs. 1.60 Cr registered on 10 Aug 2018 with Charge ID 100200612 was modified on 29 Nov 2022.
Charges
A charge with Others of Rs. 1.60 Cr registered on 13 Dec 2021 with Charge ID 100513379 was modified on 24 Nov 2022.
Charges
A charge with Others amounted to Rs. 0.24 Cr with Charge ID 100586892 was registered on 29 Jun 2022.
Charges
A charge with Others amounted to Rs. 0.24 Cr with Charge ID 100579907 was registered on 25 May 2022.
Charges
A charge with Others amounted to Rs. 1.60 Cr with Charge ID 100513379 was registered on 13 Dec 2021.
Charges
A charge with Others amounted to Rs. 0.23 Cr with Charge ID 100427440 was registered on 27 Feb 2021.
43 earlier events are in the company report.
Frequently asked questions
Truefit Engineering Company is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 25 November 1994 (32+ years old) and is registered under CIN U74210MH1994PLC083300.
Truefit Engineering Company has 3 current directors:
- Sagar Sudhakar Bangera - Director
- Suraj Sudhakar Bangera - Director
- Sudhakar Koraga Bangera - Director
The latest financial statements of Truefit Engineering Company on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Truefit Engineering Company is 27AAACT2642Q1ZY, registered in Maharashtra.
The CIN (Corporate Identification Number) of Truefit Engineering Company is U74210MH1994PLC083300. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Truefit Engineering Company has 54 court cases on record: 1 filed by the company and 53 filed against it. 4 are pending. Most are in the district courts.
Truefit Engineering Company was incorporated on 25 November 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Sudhakar Koraga Bangera was appointed as Director on 01 Dec 2022. Shobha Sudhakar Bangera ceased to be Director on 01 Jun 2019. Sudhakar Koraga Bangera ceased to be Managing Director on 01 Jun 2019. Truefit Engineering Company has 8 board changes on record in total.
Yes, Truefit Engineering Company is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0041218).
Truefit Engineering Company can be reached through the website truefitindia.com. Its registered office is in Mumbai, Maharashtra, India.
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