About Truequations Private Limited
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Truequations Private Limited is a private limited company based in Hyderabad, Telangana, 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 16 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2020PTC144931. Its GSTIN is 36AAICT1679H1ZZ (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rakesh Kasa and Srujan Kumar Kasa.
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 Plot No – 10 5th Floor Road No – 9&10 Sweth Nagg Complex Gandipet Manikonda, Hyderabad, Telangana, India – 500089.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.36 Cr, a growth of 50% compared to the previous year. For the same year it recorded a net profit of ₹5.32 Lakh (net margin 1.6%) and EBITDA of ₹12.21 Lakh (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 226% over three years.
The company is associated with 1 brand: Truequations. As per MCA filings, the company has open charges of ₹80 Lakh on record.
For more details, the company can be reached via its website truequations.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No – 10 5th Floor Road No – 9&10 Sweth Nagg Complex Gandipet Manikonda, Hyderabad, Telangana, India – 500089
- 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 Truequations Private Limited
The main business activity of Truequations is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | 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 Truequations Private Limited FY 2025 filings available
Truequations Private Limited reported revenue of ₹3.36 Cr (up 50% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Truequations Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 226% over three years, including 50% growth in the latest year. EBITDA fell 13% 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 Truequations Private Limited
| Metrics | 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 | ₹12.21 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.32 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 of Truequations Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 3.6% | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
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 Truequations are in the company report.
Financial statements from FY 2021
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 Truequations Private Limited
Truequations Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nevino Systems Private Limited | ₹3.38 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Ambala Cantt, Haryana, India |
| Europa Technosoft Private Limited | ₹3.37 Cr (FY 2025) | •••• | •••• | 90.0% | •••• | New Delhi, Delhi, India |
| Ambab Infotech Private Limited | ₹3.37 Cr (FY 2025) | •••• | •••• | -57.0% | •••• | Mumbai, Maharashtra, India |
| Deep Identity India Private Limited | ₹3.37 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Chennai, Tamil Nadu, India |
| Expert Vision Labs Private Limited | ₹3.36 Cr (FY 2024) | •••• | •••• | -23.0% | •••• | Mumbai, Maharashtra, India |
| Truequations Private Limited this company | ₹3.36 Cr (FY 2024) | •••• | •••• | 50.0% | •••• | Hyderabad, Telangana, India |
| Ulysta IT Services Private Limited | ₹3.36 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Enertics India Private Limited | ₹3.36 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Panchkula, Haryana, India |
| Iris Medical Solutions Private Limited | ₹3.36 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Kochi, Kerala, India |
| Gleecus Techlabs Private Limited | ₹3.36 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Hyderabad, Telangana, India |
| Telstra India Private Limited | ₹3.36 Cr (FY 2025) | •••• | •••• | -62.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Truequations by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Truequations Private Limited
Truequations Private Limited is audited by V N REDDY AND CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V N REDDY AND CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Truequations Private Limited
Truequations 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 |
|---|---|---|---|---|
| Rakesh Kasa | Director | 17 Dec 2024 | 1 Years 9 Months | Current |
| Srujan Kumar Kasa | Director | 06 Oct 2025 | 1 Years 0 Months | Current |
Ownership and Shareholding of Truequations Private Limited
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 Truequations Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 May 2024 | Others | ₹80 Lakh | Open |
Total charge records: 1 View all charges
Associated Brands with Truequations Private Limited
Truequations operates one associated brand: Truequations. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Truequations specializes in custom software development, digital transformation, and offshore product development for enterprises. | truequations.com |
Employees and EPFO Compliance at Truequations Private Limited
Truequations Private Limited has a workforce of 0 employees as of Apr 06, 2024.
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 Truequations Private Limited
Truequations Private Limited has 4 board changes on record since 2024: 2 appointments and 2 cessations. The latest: Amrutha Kasa ceased to be Director on 06 Oct 2025.
Credit Ratings, Litigation & Regulatory Alerts for Truequations 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 Truequations 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 Truequations 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 Truequations Private Limited
Truequations has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAICT1679H1ZZ | Telangana | Active | 06 Nov 2020 |
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 Truequations 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 Truequations Private Limited
Truequations is an active private limited company based in Hyderabad, Telangana, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 16 October 2020 (6+ years old) and is registered under CIN U72900TG2020PTC144931.
Truequations reported revenue of ₹3.36 Cr for FY 2024 (up 50% YoY).
Truequations has 2 current directors:
- Rakesh Kasa - Director
- Srujan Kumar Kasa - Director
Truequations reported a net profit of ₹5.32 Lakh (net margin 1.6%) and EBITDA of ₹12.21 Lakh (EBITDA margin 3.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Truequations is 226% over three years. In the latest year (FY 2024) revenue rose 50%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Truequations is 36AAICT1679H1ZZ, 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 Truequations is U72900TG2020PTC144931. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Truequations was incorporated on 16 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Truequations by revenue are Nevino Systems Private Limited, Europa Technosoft Private Limited, Ambab Infotech Private Limited, Deep Identity India Private Limited, Expert Vision Labs Private Limited and 5 more, all in the Information Technology industry (Application Development).
Amrutha Kasa ceased to be Director on 06 Oct 2025. Srinivas Kasa ceased to be Managing Director on 06 Oct 2025. Srujan Kumar Kasa was appointed as Director on 06 Oct 2025. Truequations has 4 board changes on record in total.
Yes, Truequations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).