MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0067675
Truetech Solutions Private Limited - information technology in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹6.68 Cr
▼ 43% YoY
Net profit · FY 2024
₹14.42 Lakh
Net margin 2.2%
EBITDA · FY 2024
₹51.12 Lakh
EBITDA margin 7.7%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹38 Lakh
Issued & subscribed
Open charges
₹1.16 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Employees · EPFO
31
Provident fund records
About Truetech Solutions Private Limited
Data last updated:
Truetech Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 13 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2014PTC094560. Its GSTIN is 33AAECT9054C1ZI (Tamil Nadu). 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 ₹38 Lakh. It is led by directors including Afsarisultana and Maria Joseph Praveen.
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 Rr Tower 4 Ground Floor T.V.K. Industrial Estate Guindy, Chennai, Tamil Nadu, India – 600032.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.68 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net profit of ₹14.42 Lakh (net margin 2.2%) and EBITDA of ₹51.12 Lakh (EBITDA margin 7.7%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 1% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: True Tech Solution. As per MCA filings, the company has open charges of ₹1.16 Cr on record.
Truetech Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0067675). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website truetechsolutions.in.
Company Details of Truetech Solutions Private Limited
CIN U74900TN2014PTC094560
Registration Number 094560
Incorporation Date 13 January 2014
ROC Chennai
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-TN-02-0067675
Recognitions & Rankings of Truetech Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressRr Tower 4 Ground Floor T.V.K. Industrial Estate Guindy, Chennai, Tamil Nadu, India – 600032
- IndustryInformation Technology, IT Consulting & Support Services
Comprehensive company report
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Associated Brands with Truetech Solutions Private Limited
Truetech Solutions operates one associated brand: True Tech Solution. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides tailored software solutions for businesses. | truetechsolution.com |
Business Activity of Truetech Solutions Private Limited
The main business activity of Truetech Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Verified entity values are shown only after access is granted.
Financials of Truetech Solutions Private Limited FY 2024 filings available
Truetech Solutions Private Limited reported revenue of ₹6.68 Cr (down 43% YoY) for FY 2024.
Revenue · FY 2024
₹6.68 Cr ▼ 43%
Net profit · FY 2024
₹14.42 Lakh margin 2.2%
EBITDA · FY 2024
₹51.12 Lakh margin 7.7%
Compounded Annual Growth Rate (CAGR) of Truetech Solutions Private Limited
Revenue CAGR growth
1 year
▼ 43%
3 years · compounded
▼ 17%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▼ 23%
3 years · compounded
▲ 16%
5 years · compounded
▼ 5%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 43% fall in the latest year. EBITDA fell 23% 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 Truetech Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹51.12 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.42 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 Truetech Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.2% | •••• | •••• | •••• | •••• |
| 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 Truetech Solutions are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
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Verified entity values are shown only after access is granted.
Board of Directors of Truetech Solutions Private Limited
Truetech Solutions has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Afsarisultana | Director | 13 Jan 2014 | 12 Years 9 Months | Current |
| Maria Joseph Praveen Also directs: Aquacom Consulting LLP, Truetech Digital Private Limited | Director | 13 Jan 2014 | 12 Years 9 Months | Current |
| Narendhiran | Director | 13 Jan 2014 | 12 Years 9 Months | Current |
Peer Comparison of Truetech Solutions Private Limited
Truetech Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Scorg Technologies Private Limited | ₹6.69 Cr (FY 2024) | •••• | •••• | 51.0% | •••• | Pune, Maharashtra, India |
| Infolks Private Limited | ₹6.69 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Mannarkkad College P O, Kerala, India |
| Eigen Technologies Private Limited | ₹6.69 Cr (FY 2024) | •••• | •••• | -61.0% | •••• | New Delhi, Delhi, India |
| Tanzanite Silicon Solutions Private Limited | ₹6.68 Cr (FY 2023) | •••• | •••• | 270.0% | •••• | Bangalore, Karnataka, India |
| Intelloger Technologies Private Limited | ₹6.68 Cr (FY 2025) | •••• | •••• | 101.0% | •••• | Jaipur, Rajasthan, India |
| Truetech Solutions Private Limited this company | ₹6.68 Cr (FY 2024) | •••• | •••• | -43.0% | •••• | Chennai, Tamil Nadu, India |
| Transformation Global Services India Private Limited | ₹6.68 Cr (FY 2025) | •••• | •••• | 100.0% | •••• | Mumbai, Maharashtra, India |
| Onegen Social Innovation Labs Private Limited | ₹6.68 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| Areahop Labs Private Limited | ₹6.67 Cr (FY 2024) | •••• | •••• | 149.0% | •••• | Bangalore, Karnataka, India |
| Retainiq India Private Limited | ₹6.67 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Hyderabad, Telangana, India |
| Tricolor Initiatives Private Limited | ₹6.67 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Narwana, Haryana, India |
Peers are the five companies nearest above and the five nearest below Truetech Solutions by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Truetech Solutions Private Limited
Truetech Solutions Private Limited is audited by M AHAMED RASOOL AND ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M AHAMED RASOOL AND ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Verified entity values are shown only after access is granted.
Ownership and Shareholding of Truetech Solutions Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Truetech Solutions Private Limited
Open charges
₹1.16 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Jul 2025 | Hdfc Bank Limited | ₹15.5 Lakh | Open |
| 10 Jan 2018 | Hdfc Bank Limited | ₹1 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Truetech Solutions Private Limited
Truetech Solutions Private Limited has a workforce of 31 employees as of Apr 05, 2024.
Employee count
31
Active EPFO establishments
1
Employee growth
-75.97%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Group Structure of Truetech Solutions Private Limited
Truetech Solutions has 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
1
Associated companies
Recent Activity on Truetech Solutions Private Limited
Truetech Solutions Private Limited has 3 board changes on record since 2014: 3 appointments. The latest: Afsarisultana was appointed as Director on 13 Jan 2014.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.16 Cr with Charge ID 101170770 was registered on 01 Jul 2025.
AGM
Truetech Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Truetech Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Hdfc Bank Limited of Rs. 1.00 Cr registered on 10 Jan 2018 with Charge ID 100155075 was modified on 07 Sep 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.00 Cr with Charge ID 100155075 was registered on 10 Jan 2018.
Appointed
Afsarisultana was appointed as Director.
Appointed
Maria Joseph Praveen was appointed as Director.
Appointed
Narendhiran was appointed as Director.
Incorporation
13 Jan 2014
Truetech Solutions Private Limited was registered on 13 Jan 2014 with Roc Chennai & aged 12 years 9 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Truetech Solutions Private Limited
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MSME Payment Delays by Truetech Solutions Private Limited
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Subsidiaries & Group Companies of Truetech Solutions Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Truetech Solutions Private Limited
Truetech Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECT9054C1ZI | Tamil Nadu | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Truetech Solutions Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Truetech Solutions Private Limited
Truetech Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 13 January 2014 (12+ years old) and is registered under CIN U74900TN2014PTC094560.
Truetech Solutions reported revenue of ₹6.68 Cr for FY 2024 (down 43% YoY).
Truetech Solutions has 3 current directors:
- Afsarisultana - Director
- Maria Joseph Praveen - Director
- Narendhiran - Director
Truetech Solutions reported a net profit of ₹14.42 Lakh (net margin 2.2%) and EBITDA of ₹51.12 Lakh (EBITDA margin 7.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Truetech Solutions is -17% over three years and -1% over five years. In the latest year (FY 2024) revenue fell 43%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Truetech Solutions is 33AAECT9054C1ZI, registered in Tamil Nadu. 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 Truetech Solutions is U74900TN2014PTC094560. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Truetech Solutions was incorporated on 13 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Truetech Solutions by revenue are Scorg Technologies Private Limited, Infolks Private Limited, Eigen Technologies Private Limited, Tanzanite Silicon Solutions Private Limited, Intelloger Technologies Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Afsarisultana was appointed as Director on 13 Jan 2014. Maria Joseph Praveen was appointed as Director on 13 Jan 2014. Narendhiran was appointed as Director on 13 Jan 2014.
Yes, Truetech Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0067675).