True Credits Private Limited - Due diligence report

A 360° intelligence report on True Credits: trust score, financial health, credit view, compliance, directors, growth and distress signals -…

2017-09-05 Gurgaon, Haryana Active Unlisted Active Compliant
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TC True Credits Private Limited
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  • Director details, charges & MCA documents
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True Credits — 360° Intelligence Report

Generated from MCA filings & public records
86/100
Trust Score
Low Risk

True Credits is assessed as Low Risk with a Trust Score of 86/100. True Credits is an active private limited indian non-government company incorporated in 2017, operating in the Financial Services sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. True Credits Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 65/100 Moderate
  • Open charges exceed net worth - secured lenders rank ahead.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (BBB-).

Charges position: 65 open (2,339.50 cr) · 134 satisfied (2,442.20 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others197 48.0 cr
Axis Bank Limited2 48.0 cr
Compliance Score: 93/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
REEVA KALRA 01234567 Director 01/04/2018 6 yrs Approved
VISHAL BHATIA 01234567 Director 01/04/2018 6 yrs Approved
SHUNMUGAM SUNDARARAJ 01234567 Director 01/04/2018 6 yrs Approved
CHEOLWON LEE 01234567 Director 01/04/2018 6 yrs Approved
Padmaja Makarand Parange 01234567 Director 01/04/2018 6 yrs Approved
Anand Jethalia 01234567 Director 01/04/2018 6 yrs Approved
Anupam Vasdani 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • No disqualified or deactivated DINs.
  • 3 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Balancehero India Private Limited
Subsidiaries
-
Group entities
-
Capital events
21 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Balancehero India Private Limited Holding Company 74.00%

Key managerial personnel: VISHAL BHATIA (Managing Director) · CHEOLWON LEE (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 8 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
3 director exits within 2 years.
65 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence84/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment80/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 65 open charge(s) of 2,339.50 cr already registered.
  • Compliance record supports lending.
Investor view91/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 6 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
12 Dec 2025
Director appointed
Anupam Vasdani (Additional Director)
Charge satisfied
Others
06 Dec 2025
Charge satisfied
Others
29 Nov 2025
Charge satisfied
Others
25 Nov 2025
Charge created
Others - 25.00 cr
10 Nov 2025
Charge satisfied
Others
06 Nov 2025
Charge satisfied
Others
05 Nov 2025
Charge satisfied
Others
03 Nov 2025
Charge created
Others - 35.00 cr
29 Oct 2025
Charge created
Others - 12.00 cr
23 Oct 2025
Charge created
Others - 6.00 cr
16 Oct 2025
Charge created
Others - 40.00 cr
14 Oct 2025
Charge satisfied
Others
03 Oct 2025
Charge satisfied
Others
30 Sep 2025
Charge created
Others - 40.00 cr
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
7 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB- from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 21 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Nishi Forex And Leisure Private Limited U51909KA2014PTC075900 Bangalore, Karnataka, India
Ahfcl U65923MH2013PLC248741 Mumbai, Maharashtra, India
Bhanix U65910MH1996PLC300645 Mumbai, Maharashtra, India
Manoway Properties Private Limited U68100MH1981PTC024600 Mumbai, Maharashtra, India
Muthoot Mcred Limited U65910KL1998PLC012154 Kochi, Kerala, India
Espl U67120PN1994PTC184868 Pune, Maharashtra, India
Marwadionline U65910GJ1992PLC017544 Gandhinagar, Gujarat, India
Growth Source U65999MH2019PLC323293 Goregaon East, Maharashtra, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify True Credits before audits and certifications: compliance score 93/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of True Credits: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for True Credits - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether True Credits pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for True Credits - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is True Credits an active company?

True Credits has MCA status “Active” with a compliance score of 93/100 (Low Risk).

Is True Credits financially healthy?

True Credits has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with True Credits?

Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls True Credits?

The ultimate holding entity is Balancehero India Private Limited. 7 active director(s) are on record.

Does True Credits have loans or charges against its assets?

65 open charge(s) are registered against its assets, and 134 earlier charge(s) stand satisfied.

Is True Credits up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 93/100 (Low Risk).

Is it risky to lend to True Credits?

Its Credit Risk Score is 65/100 (Moderate). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.