About Trufid Services Private Limited
Data last updated:
Trufid Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the financial product distributors segment of the financial services sector. It was incorporated on 28 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC302257. Its GSTIN is 27AAGCT5203M1Z5 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹10,000. It was formerly known as Trufid Wealth Management Private Limited and Trufid Investment Advisors Private Limited. It is led by directors including Rakhi Singhvi and Tanveer Monga.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.51 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹3.09 Lakh (net margin 0.4%) and EBITDA of ₹21.73 Lakh (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 34% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Trufid. As per MCA filings, the company has open charges of ₹64.39 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website trufid.com.
Name History of Trufid Services Private Limited
Trufid Services has undergone 2 name changes throughout its history. The company was previously known as Trufid Wealth Management Private Limited, and Trufid Investment Advisors Private Limited. The current legal name is Trufid Services Private Limited.
| Company Name | Status |
|---|---|
| Trufid Services Private Limited | Current |
| Trufid Wealth Management Private Limited | Previous |
| Trufid Investment Advisors Private Limited | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressOffice No 409 4th Floor A Wing Kanakia Wall Street Chakala Andheri Kurla Road Andheri Eas, T, Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Financial Product Distributors
- 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
Associated Brands with Trufid Services Private Limited
Trufid Services operates one associated brand: Trufid. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides wealth management, family office, and product platform services. | trufid.com |
Business Activity of Trufid Services Private Limited
The main business activity of Trufid Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | 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 Trufid Services Private Limited FY 2024 filings available
Trufid Services Private Limited reported revenue of ₹8.51 Cr (up 31% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Trufid Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 31% growth 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 Trufid Services Private Limited
| 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 | ₹21.73 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.09 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 Trufid Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 Trufid Services are in the company report.
Financial statements from FY 2018
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.
Board of Directors of Trufid Services Private Limited
Trufid Services has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakhi Singhvi | Director | 02 Apr 2018 | 8 Years 6 Months | Current |
| Tanveer Monga Also directs: Trufid Advisors Private Limited | Director | 28 Nov 2017 | 8 Years 10 Months | Current |
| Shreenivas Damodar Hegde Also directs: Trufid Advisors Private Limited | Director | 21 Jan 2019 | 7 Years 8 Months | Current |
| Abhishek Singhvi Also directs: Krazybee Services Limited, Trufid Advisors Private Limited | Director | 22 Dec 2017 | 8 Years 9 Months | Current |
| Makarand Shrikant Khandekar Also directs: Trufid Advisors Private Limited | Director | 21 Jun 2019 | 7 Years 3 Months | Current |
| Gaurav Singhvi Also directs: Trufid Advisors Private Limited | Director | 21 Jan 2019 | 7 Years 8 Months | Current |
Peer Comparison of Trufid Services Private Limited
Trufid Services Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Financial Instrument Distributors). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Abacus Corporation Private Limited | ₹9.33 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Fermat Prime Enterprises Private Limited | ₹9.27 Cr (FY 2025) | •••• | •••• | 63.0% | •••• | Lucknow, Uttar Pradesh, India |
| Turtlemint Mutual Funds Distributors Private Limited | ₹9.01 Cr (FY 2025) | •••• | •••• | 85.0% | •••• | Mumbai, Maharashtra, India |
| Rsmart Resources and Advertisement Network Limited | ₹8.92 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Mumbai, Maharashtra, India |
| Vete Associates MFD Private Limited | ₹8.77 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Thane, Maharashtra, India |
| Trufid Services Private Limited this company | ₹8.51 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Mumbai, Maharashtra, India |
| Shree Sidvin Financial Servicesandinvestments Private Limited | ₹8.45 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Bangalore, Karnataka, India |
| WMG Wealth Private Limited | ₹8.21 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Bangalore, Karnataka, India |
| Imperial Value Services Private Limited | ₹8.15 Cr (FY 2024) | •••• | •••• | 46.0% | •••• | Mumbai, Maharashtra, India |
| Haardik Nayak Financial Products Distribution Private Limited | ₹8.1 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Surat, Gujarat, India |
| Dalmia Wealth Private Limited | ₹8.03 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Trufid Services by revenue in the BFSI industry (Financial Instrument Distributors), 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 Trufid Services Private Limited
Trufid Services Private Limited is audited by N S J & Company for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N S J & Company | 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.
Ownership and Shareholding of Trufid Services 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 Trufid Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Feb 2023 | Hdfc Bank Limited | ₹20 Lakh | Open |
| 07 Mar 2022 | Hdfc Bank Limited | ₹22.39 Lakh | Open |
| 25 Feb 2021 | Hdfc Bank Limited | ₹22 Lakh | Open |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Trufid Services Private Limited
Employment history and EPFO contributions of people linked to Trufid Services.
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.
Group Structure of Trufid Services Private Limited
Trufid Services has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Trufid Advisors Private Limited | U74999MH2020PTC347245 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Trufid Services Private Limited
Trufid Services Private Limited has 12 board changes on record since 2017: 6 appointments and 6 cessations. The latest: Amarjit Singh Monga ceased to be Director on 15 Jun 2021.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Trufid Services 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 Trufid Services 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 Trufid Services 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 Trufid Services Private Limited
Trufid Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCT5203M1Z5 | Maharashtra | Active | 27 Dec 2017 |
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 Trufid Services 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 Trufid Services Private Limited
Trufid Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in financial product distributors, within the financial services industry. It was incorporated on 28 November 2017 (9+ years old) and is registered under CIN U74999MH2017PTC302257.
Trufid Services reported revenue of ₹8.51 Cr for FY 2025 (up 31% YoY).
Trufid Services has 6 current directors:
- Rakhi Singhvi - Director
- Tanveer Monga - Director
- Shreenivas Damodar Hegde - Director
- Abhishek Singhvi - Director
- Makarand Shrikant Khandekar - Director
- Gaurav Singhvi - Director
Trufid Services reported a net profit of ₹3.09 Lakh (net margin 0.4%) and EBITDA of ₹21.73 Lakh (EBITDA margin 2.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Trufid Services is 25% over three years and 34% over five years. In the latest year (FY 2025) revenue rose 31%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Trufid Services is 27AAGCT5203M1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Trufid Services is U74999MH2017PTC302257. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Trufid Services was incorporated on 28 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Trufid Services by revenue are Abacus Corporation Private Limited, Fermat Prime Enterprises Private Limited, Turtlemint Mutual Funds Distributors Private Limited, Rsmart Resources and Advertisement Network Limited, Vete Associates MFD Private Limited and 5 more, all in the BFSI industry (Financial Instrument Distributors).
Amarjit Singh Monga ceased to be Director on 15 Jun 2021. Gaurav Singhvi ceased to be Additional Director on 30 Sep 2019. Makarand Shrikant Khandekar ceased to be Additional Director on 30 Sep 2019. Trufid Services has 12 board changes on record in total.
Trufid Services can be reached through the website trufid.com. Its registered office is in Mumbai, Maharashtra, India.