BALANCEHERO INDIA PRIVATE LIMITED

Business Overview

• Balancehero India Pvt Ltd operates the "True Balance" mobile platform - originally a mobile-balance/data-usage tracking app that pivoted into digital financial services.
• It now offers personal loans, ₹5,000-₹2,00,000; interest from ~2.4%/month; 6-24 month tenure, via its NBFC subsidiary True Credits Private Limited and partner lenders, and operates as an RBI-licensed Prepaid Payment Instrument (PPI) issuer for bill payments/mobile recharges.
• Per its own site: 1.7 crore+ loans disbursed, ₹19,000+ crore disbursed cumulatively, 10 crore+ Google Play downloads.
• Reported ~33 employees as of Apr 2024, TheCompanyCheck.
• Source: truebalance.io, TheCompanyCheck.

Sector & Classification

Business/Financial Services - "Other financial activities" (NIC code group K/K8, per Tofler and TheCompanyCheck); operationally: digital lending / fintech (True Balance app)

Directors & Key Management

GST Registrations

Not obtained. Primary registry pages (knowyourgst individual pages, findgst.in, mastersindia.co) returned 404/500 errors or required premium unlock during this session; no GSTIN number could be confirmed. Home state inferable as Haryana (registered office) but not verified via a live GSTIN record. PAN confirmed as AAGCB7158R (Tofler).

Financials

• Partial / single-source, with a conflict flagged:
• TheCompanyCheck: FY2024 Revenue ₹673.19 Cr (+56% YoY)
• EBITDA and Net Profit figures "locked" behind premium access
• Auditor named as Dewan P. N. Chopra & Co.
• Compliance status "Active Compliant."
• Tofler: states FY2024 "operating revenue range is INR 100 cr - 500 cr", this range does not encompass TheCompanyCheck's ₹673.19 Cr figure - flagged as a source conflict, treat revenue as unconfirmed pending a primary MCA filing.
• Tofler also reports YoY directional changes for FY ending March 2025: Total Revenue +28.98%, EBITDA +33.38%, Net Profit +49.39%, Net Worth +20.9%, Total Assets +23.05%, consolidated total assets ₹1,225.7 Cr as of March 2025, but underlying absolute values are paywalled.
• Standalone vs consolidated basis not clearly distinguished across sources; Tofler's March-2025 balance sheet figures are labelled "consolidated."
• No net worth, borrowings, or PAT absolute figures obtained.

Funding History

• Not obtained from reliable sources in this session. Company is a subsidiary of Balancehero Co. Ltd. (Korea) rather than an independently VC-funded Indian entity
• No funding-round data could be pulled from Tracxn, Inc42, or Entrackr this session, search tool budget was exhausted and direct guesses at article/company URLs returned 404s. Should not be assumed "none" - simply unverified.

Shareholding

• Detailed shareholder-wise percentage breakdown not obtained, paywalled on Tofler.
• Confirmed structurally: Balancehero India Pvt Ltd is classified as "a private subsidiary of a foreign company," with parent named as Balancehero Co.
• Ltd., Korea, TheCompanyCheck.
• Cheolwon Lee is noted as a Whole-time Director and Shareholder (Tofler).

Loans & Charges

• No registered charges. Both Tofler, "the company has no registered charges", and TheCompanyCheck, "does not have any charges (loans) registered with the Registrar of Companies", confirm no open/secured borrowings on record with RoC.

Related Parties

• Confirmed subsidiary: True Credits Private Limited, CIN U65190HR2017PTC070653 per TheCompanyCheck; Tofler independently corroborates a Haryana-incorporated 2017 subsidiary with ₹20.4 Cr paid-up capital, though it did not display the CIN, - this is the group NBFC used for True Balance's lending business.
• Companies connected only via shared directors, not confirmed group entities - flagged as possible false positives per entity-confusion caution: Access Mobile (India) Private Limited, Whizkon Innovations Private Limited, Noize Brands and Lifestyle Private Limited, Tofler/TheCompanyCheck "connected companies" listing - director overlap only, not verified as commonly-owned group companies.
• Parent: Balancehero Co. Ltd., South Korea, TheCompanyCheck.

Credit Ratings

• Not obtained.
• No published CRISIL, ICRA, or CARE rating could be found for BalanceHero India Private Limited this session, direct queries to crisilratings.com, icra.in, and careratings.com all 404'd / returned no company match.
• Likely unrated, typical for a foreign-owned unlisted private fintech operating co rather than the regulated NBFC, but this is inference, not a confirmed "no rating" finding.

Legal & Compliance

• Confirmed via IndianKanoon: A recurring arbitration/execution dispute - "BalanceHero India Private Limited vs Arthimpact Finserve Private Limited", respondent later renamed "Happy":
• Delhi High Court, ARB.P. 516/2020 - hearings 2 Nov 2020 and 20 Nov 2020, Justice V. Kameswar Rao, and 22 Mar 2021, Justice Vibhu Bakhru
• Punjab & Haryana High Court - 20 Jan 2023, Justice Avneesh Jhingan
• Bombay High Court, Execution Applications - multiple hearings from 14 Jul 2025 through 28 Jan 2026, Justice Abhay Ahuja, - matter appears to still be in execution/enforcement stage as of the most recent hearing.
• Nature: arbitration award enforcement dispute; BalanceHero appears as petitioner/decree-holder side. No other litigation found.

Competitive Landscape

• Digital lending / consumer fintech app peers in India, not source-verified for exact scale, given as market-knowledge context; treat as directional, not sourced facts:
• KreditBee - larger consumer digital-lending platform, broader loan-book scale
• MoneyView, Whizdm Innovations, - comparable/larger digital lending NBFC-partnered app
• CASHe - similar small-ticket personal loan app segment
• Fibe, formerly EarlySalary, - comparable-scale digital lending app
• Kissht, OnEMi Technology, - comparable digital lending platform
• Navi Finserv - larger, RBI-licensed NBFC with broader lending + insurance stack
• Note: exact revenue/scale comparisons not verified this session; listed for category context only.

Frequently Asked Questions

Sources

https://www.tofler.in/balancehero-india-private-limited/company/U74999HR2016FTC063837 (and its /financials, /shareholding, /charges, /directors sub-pages); https://www.thecompanycheck.com/company/balancehero-india-private-limited/U74999HR2016FTC063837; https://indiankanoon.org (search: BalanceHero India Private Limited); https://truebalance.io (official site, business overview, logo). Falconebiz, findgst.in, mastersindia.co, knowyourgst.com, Tracxn, Inc42, Entrackr, CRISIL/ICRA/CARE ratings sites were attempted but returned 404/500/paywalled/no-match results this session.