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Truetech Vision Industry Private Limited - machinery and equipment in Nashik, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹82.28 Cr
▲ 4% YoY
Net profit · FY 2024
₹1.1 Cr
Net margin 1.3%
EBITDA · FY 2024
₹3.02 Cr
EBITDA margin 3.7%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹21 Cr
Satisfied ₹15.12 Cr
Company age
9 yrs
Est. 2017
Employees · EPFO
249
Provident fund records
About Truetech Vision Industry Private Limited
Data last updated:
Truetech Vision Industry Private Limited is a private limited company based in Nashik, Maharashtra, India, recognised as a startup by DPIIT. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 10 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29309MH2017PTC293653. Its GSTIN is 27AAGCT2057B1ZM (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4 Cr. It is led by directors including Suresh Jagannath Badgujar (Managing Director) and Deepak Balu Mate.
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 Nashik, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹82.28 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹1.1 Cr (net margin 1.3%) and EBITDA of ₹3.02 Cr (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 41% over five years.
The company has about 249 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹21 Cr and satisfied charges of ₹15.12 Cr on record. Court records list 12 cases involving the company, including 3 filed by the company and 9 filed against it; 2 cases are pending.
Truetech Vision Industry Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0030161). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website truetechvision.co.in.
Company Details of Truetech Vision Industry Private Limited
CIN U29309MH2017PTC293653
Registration Number 293653
Incorporation Date 10 April 2017
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
DPIIT Recognition Recognised Startup
MSME Classification Medium
Udyam Registration UDYAM-MH-23-0030161
Key People
Suresh Jagannath Badgujar Managing Director Deepak Balu Mate Director Onkar Sureshrao Lalsare Director Recognitions & Rankings of Truetech Vision Industry
MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-23-0030161
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. H – 160, MIDC Ambad, Nashik, Maharashtra, India – 422010
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
Comprehensive company report
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- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
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- Legal cases, compliance and MCA filings
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Business Activity
The main business activities of Truetech Vision Industry are manufacturing and construction. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products, electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and demolition & site preparation, electrical, plumbing & other specialized construction activities. 3 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction 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
- Filing-level activity changes
Financials of Truetech Vision Industry Private Limited
FY 2024 filings availableTruetech Vision Industry Private Limited reported revenue of ₹82.28 Cr (up 4% YoY) for FY 2024.
Revenue · FY 2024
₹82.28 Cr ▲ 4%
Net profit · FY 2024
₹1.1 Cr margin 1.3%
EBITDA · FY 2024
₹3.02 Cr margin 3.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 43%
5 years · compounded
▲ 41%
EBITDA CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 28%
5 years · compounded
▲ 40%
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years, including 4% growth in the latest year. EBITDA rose 36% 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| 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 | ₹3.02 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹1.1 Cr | |
| 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 3.7% | |
| Net Profit Margin | 1.3% | |
| 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, and every line for FY 2019-20 to FY 2022-23, 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 Vision Industry are in the company report.
: available in the company report
Board of Directors of Truetech Vision Industry Private Limited
Truetech Vision Industry has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Balu Mate Also directs: Truetech Special Alloys Private Limited | Director | 10 Apr 2017 | 9 Years 6 Months | Current |
| Onkar Sureshrao Lalsare Also directs: Truetech Special Alloys Private Limited | Director | 03 Mar 2024 | 2 Years 7 Months | Current |
| Suresh Jagannath Badgujar Also directs: Truetech Special Alloys Private Limited, Nuq Foods LLP, Aruvate India Private Limited and 3 more | Managing Director | 10 Apr 2017 | 9 Years 6 Months | Current |
| Priya Vitthal Deshpande | Additional Director | 27 May 2025 | 1 Years 4 Months | Current |
Auditor Details
Truetech Vision Industry Private Limited is audited by RAKESH JAGTAP AND COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAKESH JAGTAP AND COMPANY | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Open charges
₹21 Cr
Satisfied charges
₹15.12 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jun 2025 | Others | ₹10 Cr | Open |
| 31 Mar 2022 | Others | ₹11 Cr | Open |
| 20 Jun 2025 | United Bank of India | ₹10 Cr | Satisfied |
| 12 Dec 2023 | Others | ₹90 Lakh | Satisfied |
| 20 Feb 2020 | Canara Bank | ₹4.15 Cr | Satisfied |
Total charge records: 6 View all charges
Legal Cases
Truetech Vision Industry Private Limited has 12 court cases on record: 3 filed by Truetech Vision Industry, 9 filed against it. 2 cases are pending and 10 are disposed.
Total cases
12
Filed by the company
3
Filed against the company
9
Pending
2
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 2 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ultratech Cement Limited | Pending |
| District court, Pune, Maharashtra | Commercial suit | Filed against the company by Trans Engineers India Private Limited Through Director Sushmita Sitikantha Sahu | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Mogli Labs India Pvt Ltd | Disposed |
| District court, Pune, Maharashtra | Commercial suit | Filed against the company by Trans Engineers India Private Limited Through Director Sushmita Sitikantha Sahu | Disposed |
| Madras High Court | Writ petition | Filed by the company against Assistant Commissioner of CGST and Central Excise, | Disposed |
: available in 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.
Employees and EPFO Compliance
Truetech Vision Industry Private Limited has a workforce of 249 employees as of Apr 07, 2024.
Employee count
249
Active EPFO establishments
1
Employee growth
79.14%
: available in the company report
Group Structure
Truetech Vision Industry has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Recent Activity
Truetech Vision Industry Private Limited has 10 board changes on record since 2017: 4 appointments and 6 cessations. The latest: Priya Vitthal Deshpande was appointed as Additional Director on 27 May 2025.
Charges
A charge registered on 20 Jun 2025 via Charge ID 101111679 with United Bank Of India was fully satisfied on 17 Jul 2025.
Charges
A charge registered on 12 Dec 2023 via Charge ID 100838879 with Others was fully satisfied on 03 Jul 2025.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101121765 was registered on 20 Jun 2025.
Charges
A charge with United Bank Of India amounted to Rs. 10.00 Cr with Charge ID 101111679 was registered on 20 Jun 2025.
Appointed
Priya Vitthal Deshpande was appointed as Additional Director.
Charges
A charge registered on 30 May 2019 via Charge ID 100271074 with Others was fully satisfied on 25 Apr 2025.
Charges
A charge with Others of Rs. 11.00 Cr registered on 31 Mar 2022 with Charge ID 100562878 was modified on 30 Nov 2024.
AGM
Truetech Vision Industry Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Truetech Vision Industry Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai Ii.
Appointed
Onkar Sureshrao Lalsare was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.90 Cr with Charge ID 100838879 was registered on 12 Dec 2023.
Charges
A charge registered on 20 Feb 2020 via Charge ID 100340519 with Canara Bank was fully satisfied on 07 Nov 2023.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Truetech Vision Industry has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCT2057B1ZM | Maharashtra | Active | 01 Jul 2017 |
| 23AAGCT2057B1ZU | Madhya Pradesh | Active | 11 Jan 2019 |
| 33AAGCT2057B1ZT | Tamil Nadu | Active | 19 Jan 2020 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Truetech Vision Industry is an active private limited company based in Nashik, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 10 April 2017 (9+ years old) and is registered under CIN U29309MH2017PTC293653.
Truetech Vision Industry has 4 current directors:
- Suresh Jagannath Badgujar - Managing Director
- Deepak Balu Mate - Director
- Onkar Sureshrao Lalsare - Director
- Priya Vitthal Deshpande - Additional Director
The latest financial statements of Truetech Vision Industry 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 FY 2018 are in the company report.
The GSTIN of Truetech Vision Industry is 27AAGCT2057B1ZM, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 23AAGCT2057B1ZU (Madhya Pradesh), 33AAGCT2057B1ZT (Tamil Nadu).
The CIN (Corporate Identification Number) of Truetech Vision Industry is U29309MH2017PTC293653. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Truetech Vision Industry has 12 court cases on record: 3 filed by the company and 9 filed against it. 2 are pending. Most are in the district courts.
Truetech Vision Industry was incorporated on 10 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Priya Vitthal Deshpande was appointed as Additional Director on 27 May 2025. Onkar Sureshrao Lalsare was appointed as Director on 03 Mar 2024. Amol Kashinath Mate ceased to be Director on 23 Apr 2018. Truetech Vision Industry has 10 board changes on record in total.
Yes, Truetech Vision Industry is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Truetech Vision Industry is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-23-0030161).