Balancehero India Private Limited - Company overview

True Balance was incorporated on 28 April 2016 and is registered with ROC Delhi.

2016-04-28 Gurgaon, Haryana Active Unlisted Active Compliant
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Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.

REVENUE
₹500–1000 Cr
▲ 55.6%
FY 2024
PROFIT / LOSS
₹100–500 Cr
▲ 133.8%
FY 2024
EBITDA
₹100–500 Cr
▲ 88.5%
FY 2024
NET WORTH
₹100–500 Cr
▲ 75.8%
FY 2024
TOTAL ASSETS
₹500–1000 Cr
▲ 100.8%
FY 2024
EMPLOYEE COUNT
31–40
OPEN CHARGES
-
-
PAID-UP CAPITAL
215.45 cr
AUTHORISED CAPITAL
223.00 cr
COMPANY AGE
10 Years 6 Months
since 2016-04-28
LAST FILING WITH ROC
2024-03-31
Last AGM: 2025-09-26
ACTIVE GST
6
Updated: 2024-05-22 10:35:21
TOTAL MONEY RAISED
₹100–500 Cr
SATISFIED CHARGES
-
-

Company Health Scores Scores from 0–100 based on filings, compliance signals, financials, and board history on this profile.

Health scores for True Balance covering vendor trust, statutory compliance, financial health and director risk - derived from MCA filings, GST and EPFO records, financial statements and the company's board history.

Vendor Trust Score Moderate
74/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (38), financial health (95), director (90) and company-foundation signals.
  • Operating for 10+ years.
Compliance Score High risk
38/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Last balance sheet filed for Mar 2024 - filings look overdue.
Financial Health Score Low risk
95/100
Profitability, leverage and liquidity from filed statements.
  • Profitable in FY 2024.
  • Positive net worth.
Director Risk Score Low risk
90/100
Board strength, DIN status and churn.
  • 8 directors on the board.
  • No disqualified or deactivated DINs on the current board.
Scores are derived from MCA filings, financial statements and public records on this page. Higher is safer. They are indicative, not a credit rating.
360° Intelligence Report: trust score, financial health, credit risk, growth & distress signals - auto-generated from filings. View report →

About True Balance Company identity, industry, contact, and registration details from MCA and company records.

True Balance was incorporated on 28 April 2016 and is registered with ROC Delhi. It is an active private company owned by a foreign company, now about 10 years old. Its registered office is at Huda City Centre Metro Station 5Th Floor, Sector - 29, Gurgaon, Haryana.

Its filings describe the main line of business as other financial activities, which made up 100% of turnover.

It has eight directors: Reeva Kalra, Soumyajit Ghosh, Vishal Bhatia and 5 others. The longest-serving is Cheolwon Lee, on the board since 2016; the most recent to join is Anupam Vasdani, appointed in October 2025. Five former directors are on record; the most recent to leave was Souparno Bagchi in June 2022. Between them, the directors also sit on the boards of 6 other companies, including Balancehero India Private Limited and Access Mobile (India) Private Limited.

Paid-up capital stands at ₹215 crore out of ₹223 crore authorised. The last AGM on record was on 26 September 2025, for accounts made up to 31 March 2024. Nothing newer than 2024 shows up here, so it is worth checking the MCA portal for later filings. No charges (secured loans) are registered against it.

Internet ••••••••
  • Location Huda City Centre Metro Station 5Th Floor, Sector - 29, Gurgaon, Haryana - 122001
  • Website truebalance.io
Legal NameBalancehero India Private Limited
CIN / LLPINU66190HR2016FTC063837
Company No.063837
ClassificationPrivate Limited Foreign Company Incorporated In India
Incorporation Date2016-04-28
Date of AGM2025-09-26
Date of Balance Sheet2024-03-31
Listing StatusUnlisted
ROC CodeRoc Delhi
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of True Balance (8) Current board members from MCA filings, including designation and appointment details.

R
Reeva Kalra
Company Secretary | Since 2022-01-01
S
Additional Director | Since 2025-10-15 | DIN: 08514766
V
Vishal Bhatia
CFO | Since 2019-04-15
G
Director | Since 2023-01-23 | DIN: 07929731
C
Whole-time director | Since 2016-04-28 | DIN: 01795274
C
Director | Since 2016-04-28 | DIN: 07467251

Financial Performance of True Balance Bands and Low / Medium / High trend shape. Exact figures unlock with your report.

Estimated bands · FY 2024
Revenue ₹500–1000 Cr ▲ 55.6%
P&L ₹100–500 Cr ▲ 133.8%
EBITDA ₹100–500 Cr ▲ 88.5%
Net worth ₹100–500 Cr ▲ 75.8%

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Business Activity Principal business activity and turnover mix from MCA filings.

Activity GroupDescriptionTurnover %
Financial and insurance ServiceOther financial activities100

Companies With Common Directors Of True Balance Other companies that share directors with this entity, based on MCA and compliance network data.

Financial Ratios of True Balance Profitability, leverage, and liquidity ratios from filed statements. Exact values unlock with your report.

8 years of ratios on record

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Net profit margin Debt / Equity Current ratio ROE

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Shareholding Pattern of True Balance Ownership and contribution detail from filings. Full breakdown unlocks with your report.

7 shareholder categories on record

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Ownership mix Category breakdown Year-wise pattern Promoter holding

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Employees and EPFO Compliance at True Balance EPFO establishments, contributions, and headcount history. Full records unlock with your report.

1 establishment linked

Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.

Monthly headcount PF contributions ECR filing status Establishment history

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GST Compliance of True Balance GST registrations and filing status by state. Full compliance detail unlocks with your report.

State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.

GSTIN registrations State-wise filing status HSN and SAC details Tax jurisdiction records

GST registrations and filing compliance require an active report plan.

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Credit Ratings, Litigation & Regulatory Alerts for True Balance Ratings, court records, and regulatory alerts. Full risk detail unlocks with your report.

1 regulatory flag on record

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Rating history Court and tribunal cases Regulatory alerts Director-linked violations

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MSME Payment Delays by True Balance MSME supplier payment delays and filing history. Full amounts unlock with your report.

Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.

Outstanding amounts Delay periods and reasons MSME-1 filing history Vendor payment signals

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Subsidiaries & Group Companies of True Balance Parent, subsidiary, and related group entities. Full ownership map unlocks with your report.

1 subsidiary on record

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Parent company Subsidiaries and ownership Associates and joint ventures Entity investments

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MCA Filings & Documents of True Balance Official MCA forms, returns, and filing index. Document access unlocks with your report.

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Incorporation documents Annual returns and statements Charge filings Complete filing index

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Frequently Asked Questions about True Balance Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of True Balance?
MCA does not publish an "owner" field. True Balance is run by its directors, Reeva Kalra, Soumyajit Ghosh, Vishal Bhatia and five others. The people who own the shares are listed in its annual return (form MGT-7), which can differ from the directors.
Who are the current board members and directors of True Balance?
True Balance has eight current directors: Reeva Kalra (since January 2022), Soumyajit Ghosh (since October 2025), Vishal Bhatia (since April 2019), Gaurav Sharma (since January 2023), Cheolwon Lee (since April 2016) and Chae Yong Yi (since April 2016), plus 2 more.
What is CIN of True Balance?
The CIN of True Balance is U66190HR2016FTC063837. Reading it left to right: U means it is not listed, 66190 is the industry code it registered under, HR is Haryana, 2016 is the year it was registered, FTC is the company type and 063837 is its registration number.
When was True Balance incorporated?
True Balance was incorporated on 28 April 2016 with ROC Delhi. That makes it about 10 years old.
What is the registered address of True Balance?
The registered office on MCA records is Huda City Centre Metro Station 5Th Floor, Sector - 29, Gurgaon, Haryana - 122001.
What is the current status of True Balance?
MCA shows True Balance as Active, and its last AGM on record was in September 2025.
What is the contact number or email for True Balance?
You can post to its registered office at Huda City Centre Metro Station 5Th Floor, Sector - 29, Gurgaon, Haryana - 122001 and use its website, https://truebalance.io.
What industry or business activity is True Balance associated with?
Its MCA filings list the main business as other financial activities (100% of turnover).
What is paid-up capital and authorised share capital of True Balance?
Paid-up capital is ₹215 crore and authorised capital is ₹223 crore, so about 97% of the authorised amount has been issued.
When did True Balance last file accounts and hold an AGM?
The last AGM on record was on 26 September 2025, and the latest balance sheet is for the year ending 31 March 2024. Nothing newer than 2024 shows up, so check the MCA portal for later filings.
Where can I see charges and lenders for True Balance?
MCA shows no charges registered against True Balance, so no assets are pledged for a registered secured loan.
Have any directors left True Balance?
Yes, five former directors are on record. The most recent to leave were Souparno Bagchi (June 2022), Kyoo Sung Choi (October 2021) and Seung Wan Yu (April 2019).
Which companies share directors with True Balance?
6 companies share directors with True Balance. Among them are Balancehero India Private Limited, Access Mobile (India) Private Limited, Brandman Retail Limited and 3 more.
What is the turnover or revenue of True Balance?
Based on filed financial statements, the revenue of True Balance for FY 2024 was in the ₹500–1000 Cr range. That is up 55.6% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of True Balance?
For FY 2024, the net worth of True Balance was in the ₹100–500 Cr range.
How can I get the financial details of True Balance?
The latest accounts on record are for FY 2024. The Financial tab has year-wise profit and loss, balance sheet and ratios, with exact figures after you sign in.
What is the official website of True Balance?
The website on record for True Balance is https://truebalance.io.
Which company owns truebalance.io?
truebalance.io is the website listed for Balancehero India Private Limited in its company records.
True Balance - is it listed or unlisted?
True Balance is unlisted, so its shares are not traded on a stock exchange. Its CIN starts with U for the same reason.
What is the ROC code of True Balance?
True Balance is registered with ROC Delhi.
What is the company classification of True Balance?
MCA classifies True Balance as: Private Limited Foreign Company Incorporated In India.
Does True Balance have subsidiaries?
Yes, one subsidiary is on record for True Balance.
Does True Balance have GST registrations on file?
Yes, 6 active GST registrations are linked to True Balance, usually one per state it operates in.

Disclaimer: Data on this page is compiled from public sources as available in our system at the time of the last update and is for general information only. Scores are derived indicators, not credit ratings or advice - please verify from official sources and consult a professional before making any business or financial decision.