What does True Credits Private Limited do?

True Credits Private Limited is a Mumbai-based NBFC (Non-Banking Financial Company) incorporated in 2015 under CIN U65100MH2015PTC271213. It is engaged in investment in securities and providing loans and advances to borrowers.

When was True Credits Private Limited incorporated?

The company was incorporated in 2015 and is registered with the Registrar of Companies, Maharashtra, Mumbai.

Is True Credits Private Limited listed on any stock exchange?

No, True Credits Private Limited is an unlisted private limited company and is not listed on BSE or NSE.

How do I buy True Credits unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for True Credits?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell True Credits shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

True Credits Unlisted Share Price | Buy True Credits Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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True Credits Unlisted Share Price | Buy True Credits Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Maharashtra-based private financial services company incorporated in 2015. No publicly available operational or financial data. Note: This is a different entity from the well-known True Credits Pvt Ltd (Gurgaon NBFC / Balancehero India subsidiary, CIN U65190HR2017PTC070653 with ₹670 Cr FY2024 revenue). Insufficient data to assess.

Pros

Operates in high-growth Indian fintech lending sector
Mumbai headquarters provides access to financial ecosystem and talent

Cons

No publicly available financial or operational data
Note: Different from True Credits Pvt Ltd (Gurgaon, CIN U65190HR2017PTC070653) which is a well-known fintech NBFC

Business Segments

Financial services / NBFC (Maharashtra, 2015)

Revenue Model

True Credits generates income primarily through interest on loans and advances extended to borrowers, along with returns from investments in securities.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds4

Growth Plans

Rising demand for credit among retail and SME borrowers in India

Industry Tailwinds

Rising demand for credit among retail and SME borrowers in India

Industry Headwinds

Tightening RBI regulations on NBFCs

Comparable Companies

CompanyTypeTickerMkt Cap

Muthoot FinancePE: 15xxListedMUTHOOTFIN70000 Cr

Manappuram FinancePE: 10xxListedMANAPPURAM15000 Cr

Muthoot FinanceListed

MUTHOOTFIN · 70000 Cr

PE: 15xx

Manappuram FinanceListed

MANAPPURAM · 15000 Cr

Group Structure (2 entities)

EntityExtentReason

Balancehero India Private LimitedFullParent

True Credits Private LimitedFullSubsidiary

Balancehero India Private LimitedFull

Parent

True Credits Private LimitedFull

Subsidiary

Frequently Asked Questions

About True Credits

True Credits Private Limited is a Mumbai-based financial services company incorporated in 2015, operating in the lending and credit space. The company functions as a Non-Banking Financial Company (NBFC) or credit intermediary, providing credit products to consumers or businesses in India. The Indian fintech lending sector has seen significant growth, with numerous NBFCs and digital lending platforms emerging to serve the large underbanked population. True Credits, as a private entity incorporated in Maharashtra, participates in this space though detailed operational and financial information is not publicly available. The RBI's regulatory framework for NBFCs and digital lenders governs companies like True Credits, requiring registration, capital adequacy compliance, and fair lending practice adherence.

Key Milestones

2015 — Incorporated in Maharashtra as financial services company

Common questions about unlisted shares

How do I buy True Credits unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?
Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

Rating drivers & sensitivityFrom CRISIL's rating rationale — rates debt servicing, not share value13

Key Strengths

Healthy capitalization metrics The capitalisation profile of the group remains healthy with net worth of Rs 656 crores and a gearing of 1.4 times as on December 31, 2025.

At a standalone level too, TCPL’s networth and gearing were comfortable at Rs 582 crores and 1.6 times as on the same date.

The group’s capitalisation is supported by equity infusion and internal accruals.

Ltd Korea (BHK) raises equity and then invests it in BHI, which is then further down streamed by BHI into TCPL.

Since inception, ~Rs 485 crores has been infused as equity into BHI by BHK, out of which, Rs 380 crore has been down streamed into TCPL till date.

Key Weaknesses

Susceptibility of asset quality given unsecured nature of loans The group focuses on providing unsecured loans to salaried and self-employed individuals wherein asset quality metrics remain vulnerable to slippages on account of volatility in borrower’s cashflow.

As on December 31, 2025, 90+ dpd for the group remained elevated and stood at 10.8%, moderating from 13.2% as on March 31, 2025 (8.1% as on March 31, 2024).

However, with the company carrying an aggressive write-off policy, wherein it writes off loans at 90 days dpd, asset quality metrics are measured post adjusting for write-offs during the period.

Including write-offs, 90+ dpd (on an AUM basis) for the group stood at 20.4% as on December 31, 2025, compared to 28.8% as on March 31, 2025.

Moreover, given the shorter tenured nature of its loans, it remains imperative to note the asset quality metrics on a disbursement basis as well.

Upward Factors

2.5 times, also supported by equity infusion Sustainable improvement in asset quality with 90+ dpd (including 12 months write-offs, as a % of disbursements) as the portfolio scales up Ability to diversify resource profile and raise funds at competitive rates and bring down the overall cost of borrowing

Downward Factors

Increase in the steady state gearing of above 4 times

Adverse movement in asset quality metrics and consequently credit costs, thereby, leading to an impact on the earnings profile of the group

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