Truue Ipe Private Limited
About Truue Ipe Private Limited
Data last updated:
Truue Ipe Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the fund management segment of the financial services sector. It was incorporated on 31 December 2010.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2010PTC063438.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It was led by directors including Chandra Prakash Jain (Whole-Time Director) and Venkatraman Prakash.
Its last annual general meeting (AGM) was held on 31 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at D – 501 Ganesh Meridian Opp. High Court S.G. Road, Ahmedabad, Gujarat, India – 380060.
As per the financials filed for FY 2024, the company reported a revenue of ₹23.06 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.08 Lakh (net margin 9%) and EBITDA of ₹2.81 Lakh (EBITDA margin 12.2%). Revenue has grown at a compounded annual rate (CAGR) of 107% over three years and 24% over five years.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
Company details
Contact details
Truue Ipe Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD – 501 Ganesh Meridian Opp. High Court S.G. Road, Ahmedabad, Gujarat, India – 380060
- IndustryFinancial Services, Fund Management
To see the full contact details of Truue Ipe Private Limited, buy the company report.
- 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
Business activity
The main business activity of Truue Ipe is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Truue Ipe Private Limited, buy the company report.
Financials of Truue Ipe Private Limited
FY 2024 filings availableTruue Ipe Private Limited reported revenue of ₹23.06 Lakh (up 738% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 738% growth in the latest year. EBITDA rose 234% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.81 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹2.08 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.2% | ||||
| Net Profit Margin | 9% | ||||
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To see the full financial statements and ratios of Truue Ipe Private Limited, buy the company report.
Board of directors of Truue Ipe Private Limited
Truue Ipe has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatraman Prakash Also directs: Truue Ipe LLP, Precot Limited | Director | 13 Mar 2024 | 2 Years 7 Months | As last reported |
| Balasubramanyam Swamynathan Rajangam Also directs: Truue Ipe LLP | Director | 04 Jul 2023 | 3 Years 4 Months | As last reported |
| Chandra Prakash Jain Also directs: Truue Ipe LLP, Schnik Tradelink Private Limited, Camel Technologies Private Limited and 1 more | Whole-Time Director | 31 Dec 2010 | 15 Years 10 Months | As last reported |
| Naresh Kumar Tailor Also directs: Truue Ipe LLP, Ram Naresh & Co LLP | Director | 13 Mar 2024 | 2 Years 7 Months | As last reported |
| Rathin Amishbhai Majmudar Also directs: Truue Ipe LLP | Director | 10 Dec 2022 | 3 Years 10 Months | As last reported |
Peer comparison
Truue Ipe Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (fund management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Flourish Insurance Surveyors and Loss Assessors Private Limited | ₹24.86 Lakh (FY 2020) | -54.0% | Bengaluru, Karnataka, India | |||
| Nagamangala Chits Private Limited | ₹24.83 Lakh (FY 2019) | 7.0% | B.M.Road, Nagamangala, Karnataka, India | |||
| Sarvartha Chit Funds Private Limited | ₹23.91 Lakh (FY 2022) | 395.0% | Medak, Telangana, India | |||
| Ask and Serve Financial Services Private Limited | ₹23.88 Lakh (FY 2025) | 28.0% | Bhiwadi, Rajasthan, India | |||
| Finzone Financial Services Private Limited | ₹23.8 Lakh (FY 2017) | 71.0% | Chennai, Tamil Nadu, India | |||
| Truue Ipe Private Limitedthis company | ₹23.06 Lakh (FY 2024) | ₹2.08 Lakh | 9% | 738.0% | Ahmedabad, Gujarat, India | |
| JRJ Prompt Kuries India Private Limited | ₹22.5 Lakh (FY 2025) | 5.0% | Edathua, Kerala, India | |||
| Rajyalakshmi Ramachandra Chit Funds Private Limited | ₹22.21 Lakh (FY 2024) | 10.0% | Jangareddygudem, Andhra Pradesh, India | |||
| Madhugani Chit Fund Private Limited | ₹22.08 Lakh (FY 2025) | -1.0% | Telangana, India | |||
| VT Royal Chit Fund Private Limited | ₹21.47 Lakh (FY 2025) | 24.0% | Hyderabad, Telangana, India | |||
| Findom Capital Private Limited | ₹21.45 Lakh (FY 2024) | 30.0% | New Delhi, Delhi, India |
To see the full peer comparison of Truue Ipe Private Limited, buy the company report.
Auditor
Truue Ipe Private Limited is audited by J VAGERIYA &ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J VAGERIYA &ASSOCIATES | FY 2017 | 114424 |
Shareholding
The shareholding of Truue Ipe Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Truue Ipe Private Limited, buy the company report.
Legal cases
Truue Ipe Private Limited has 2 court cases on record: 1 filed by Truue Ipe, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Hyderabad | Insolvency matter | Filed against the company by HDFC Bank Limited | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Truue Ipe Private 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 Truue Ipe Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Truue Ipe Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Truue Ipe Private Limited has 8 board changes on record since 2010: 5 appointments and 3 cessations. The latest: Srinivasa Rao Bondalapati ceased to be Director on 18 Mar 2024.
Frequently asked questions
Truue Ipe has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Truue Ipe was a private limited company based in Ahmedabad, Gujarat, India. The company worked in fund management, within the financial services industry. It was incorporated on 31 December 2010 and is registered under CIN U74140GJ2010PTC063438. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Truue Ipe is U74140GJ2010PTC063438. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Truue Ipe had 5 directors:
- Chandra Prakash Jain - Whole-Time Director
- Venkatraman Prakash - Director
- Balasubramanyam Swamynathan Rajangam - Director
- Naresh Kumar Tailor - Director
- Rathin Amishbhai Majmudar - Director
Truue Ipe was incorporated on 31 December 2010. It is registered with the Registrar of Companies, Ahmedabad.
The registered office of Truue Ipe is at D – 501 Ganesh Meridian Opp. High Court S.G. Road, Ahmedabad, Gujarat, India – 380060.
The latest financial statements of Truue Ipe on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 July 2024. Year-wise statements from 2015 are in the company report.
Truue Ipe operated in the financial services industry, in the fund management segment.
The peers of Truue Ipe by revenue are Flourish Insurance Surveyors and Loss Assessors Private Limited, Nagamangala Chits Private Limited, Sarvartha Chit Funds Private Limited, Ask and Serve Financial Services Private Limited, Finzone Financial Services Private Limited and 5 more, all in the same principal business activity (fund management services).
Truue Ipe has 2 court cases on record: 1 filed by the company and 1 filed against it.
Srinivasa Rao Bondalapati ceased to be Director on 18 Mar 2024. Naresh Kumar Tailor was appointed as Director on 13 Mar 2024. Venkatraman Prakash was appointed as Director on 13 Mar 2024. Truue Ipe has 8 board changes on record in total.
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