Truecaller Management
Management criteria checks 3/4
Truecaller's CEO is Rishit Jhunjhunwala, appointed in Jan 2025, has a tenure of 1.33 years. total yearly compensation is SEK5.15M, comprised of 90.8% salary and 9.2% bonuses, including company stock and options. directly owns 0.033% of the company’s shares, worth SEK1.30M. The average tenure of the management team and the board of directors is 2.5 years and 9.3 years respectively.
Key information
Rishit Jhunjhunwala
Chief executive officer
SEK 5.2m
Total compensation
| CEO salary percentage | 90.77% |
| CEO tenure | 1.3yrs |
| CEO ownership | 0.03% |
| Management average tenure | 2.5yrs |
| Board average tenure | 9.3yrs |
Recent management updates
Recent updates
TRUE B: Multi Partner Messaging Shift And New Buy Rating Will Support Repricing
Analysts keep the fair value estimate steady at SEK 68.0, balancing Deutsche Bank's new SEK 15 Buy rating with Nordea's downgrade to Hold, and reflecting slightly updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts highlight the SEK 15 price target as support for upside potential relative to the current fair value estimate of SEK 68.0, maintaining a constructive view on the balance of risk and reward.TRUE B: Multi Partner Messaging Shift Will Support Future Repricing
Analysts have revised their collective price target on Truecaller to SEK 15, with the shift reflecting updated views on revenue growth, profit margins and future P/E multiples following both an upgrade to Buy and a downgrade to Hold in recent research. Analyst Commentary Recent research has produced a mixed but constructive view on Truecaller, with one upgrade to Buy and one downgrade to Hold anchoring the new SEK 15 price target.
TRUE B: Global Ad Reseller Deals And Buybacks Will Support Future Rerating
Analysts now anchor their Truecaller view around a SEK 15.0 price target. The change in stance reflects mixed rating actions but broadly consistent assumptions on fair value, discount rate and future P/E multiples.TRUE B: Ad Expansion And Buyback Programme Will Support Future Rerating Potential
Our analyst price target for Truecaller now stands at SEK 15. This change reflects updated views on revenue growth, profitability and a more conservative future P/E multiple, in line with recent research where one firm lifted its target to SEK 15 and another shifted to a Hold stance.TRUE B: Trust And Safety Expansion Will Support Future Rerating Potential
Analysts have trimmed their fair value estimate for Truecaller from SEK 39.17 to SEK 36.00. This reflects updated views on slightly softer revenue growth and profit margins, along with a higher assumed discount rate, even as some Street research has turned more constructive with a recent upgrade and Buy rating at SEK 15.TRUE B: Family Features And Verified Business Calls Will Support Repricing
Narrative Update: Truecaller Analysts have kept their fair value estimate for Truecaller steady at SEK 68.0, citing a slightly higher discount rate and marginally stronger medium term revenue growth and profit margin assumptions as the key reasons for reaffirming their price view. Analyst Commentary Recent sector commentary around online auto platforms highlights Truecaller as part of a broader group of digital marketplaces that investors are watching closely.
TRUE B: Marketplace Model Concerns Will Create Longer Term Entry Opportunity
Analysts now see Truecaller’s fair value at $21.00, down from $60.00. This reflects more cautious assumptions on revenue growth, profit margins and future P/E multiples in light of recent sector commentary that highlights slower rollout timelines and more listing-style business models at peers.TRUE B: Family Protection Rollout And Business Calling Suite Will Drive Repricing
Analysts have trimmed their price target on Truecaller to $68 from $95, citing updated assumptions for revenue growth, profit margins and future P/E that they see as better aligned with the company’s current risk profile and earnings outlook. Analyst Commentary Recent Street research around online auto marketplaces has centered on corporate actions and competitive shifts, with TrueCar in focus due to its pending acquisition and the broader conversation around third party listing platforms that connect buyers and sellers.TRUE B: Expanding Trust And Safety Features Will Drive Future Re-Rating Potential
Analysts have trimmed their price target for Truecaller by about $11.67, reflecting slightly higher discount rate assumptions along with more conservative forecasts for revenue growth, profit margins, and future valuation multiples following recent sector deal activity and choppy market conditions. Analyst Commentary Street research on adjacent online auto platforms offers a mixed read-through for Truecaller, highlighting both supportive sector dynamics and signals of late-cycle consolidation that could cap upside for valuation multiples.TRUE B: Expanding Verified Call Solutions Will Drive Recovery As Execution Uncertainty Eases
Analysts have trimmed their blended price target for Truecaller from about SEK 56.50 to roughly SEK 50.80. They cite slightly higher discount rates, marginally softer long term growth and profitability assumptions, and a lower future earnings multiple, while still acknowledging the company’s solid fundamental profile.TRUE B: User Base Resilience Will Drive Recovery As Execution Uncertainty Eases
Analysts have adjusted their outlook on Truecaller, with the average price target reduced as Deutsche Bank and JPMorgan both lowered their estimates. Both firms now cite more cautious views on the company's near-term prospects.TRUE B: Future User Engagement Will Support Resilient Upside Amid Market Volatility
Analysts have lowered their fair value estimate for Truecaller from SEK 64 to SEK 56.5, citing updated assumptions for revenue growth and recent sector downgrades. Analyst Commentary Following recent sector developments and updates to company guidance, analyst opinions on Truecaller continue to present both positive and cautious perspectives on the firm’s path forward.Little Excitement Around Truecaller AB (publ)'s (STO:TRUE B) Earnings As Shares Take 31% Pounding
Nov 11
Product Expansion And User Engagement Will Drive Stronger Results Ahead
Analysts have reduced their price target for Truecaller, lowering the fair value estimate from SEK 70 to SEK 64. Recent research highlights a softer revenue growth outlook and moderated profit margin expectations.Emerging Mobile And Digital Security Trends Will Shape Future Markets
Truecaller's analyst price target has been reduced from SEK 74.17 to SEK 70.00. This change reflects a more cautious outlook based on analysts' expectations of slower revenue growth and slightly lower profit margins.Emerging Mobile And Digital Security Trends Will Shape Future Markets
Truecaller’s consensus price target has been revised down from SEK77.33 to SEK74.17 as analysts factor in slower user growth, tougher macro conditions impacting ad revenues, and heightened regulatory and competitive risks, despite some optimism regarding product innovation and expansion. Analyst Commentary Bullish analysts remain optimistic on Truecaller, maintaining Overweight ratings despite lowering price targets.Why We're Not Concerned Yet About Truecaller AB (publ)'s (STO:TRUE B) 27% Share Price Plunge
Jul 31Truecaller AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models
Jul 23Truecaller (STO:TRUE B) Is Paying Out A Dividend Of SEK1.70
May 24Truecaller's (STO:TRUE B) Conservative Accounting Might Explain Soft Earnings
May 16Truecaller (STO:TRUE B) Is Due To Pay A Dividend Of SEK1.70
May 08Truecaller AB (publ) (STO:TRUE B) Just Released Its Full-Year Earnings: Here's What Analysts Think
May 01Truecaller AB (publ) (STO:TRUE B) Released Earnings Last Week And Analysts Lifted Their Price Target To kr82.29
Feb 21Truecaller AB (publ) (STO:TRUE B) Looks Just Right With A 28% Price Jump
Jan 23
User Growth In Colombia And Nigeria Will Drive Future Success
Growth in active users and new ad formats in key markets could drive substantial future revenue increase and ad revenue growth.We Think You Can Look Beyond Truecaller's (STO:TRUE B) Lackluster Earnings
Nov 13Truecaller AB (publ) (STO:TRUE B) Looks Just Right With A 25% Price Jump
Nov 04Analyst Estimates: Here's What Brokers Think Of Truecaller AB (publ) (STO:TRUE B) After Its Second-Quarter Report
Jul 24CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | SEK 5m | SEK 5m | SEK 389m |
Compensation vs Market: Rishit's total compensation ($USD558.59K) is about average for companies of similar size in the Swedish market ($USD740.80K).
Compensation vs Earnings: Insufficient data to compare Rishit's compensation with company performance.
CEO
Rishit Jhunjhunwala (48 yo)
1.3yrs
Tenure
SEK 5,154,024
Compensation
Mr. Rishit Jhunjhunwala serves as Managing Director of India at True Software Scandinavia AB since March 2021 and serves as its Chief Product Officer since 2020. He joined Truecaller in 2015 as Vice Presid...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive Officer | 1.3yrs | SEK 5.15m | 0.033% SEK 1.3m | |
| Chief Financial Officer | 6.3yrs | no data | 0.067% SEK 2.6m | |
| Chief Operating Officer | 6.3yrs | no data | 0.022% SEK 854.5k | |
| Head of Investor Relations & Communication | no data | no data | no data | |
| Chief Legal Officer | no data | no data | 0.0051% SEK 201.8k | |
| Chief Human Resource Officer | 4.3yrs | no data | 0.032% SEK 1.3m | |
| Global Head of Enterprise Solutions | 4yrs | no data | no data | |
| Chief Business Officer | 3.5yrs | no data | 0.026% SEK 1.0m | |
| Head of Public Affairs - Telecom India | 1.6yrs | no data | no data | |
| Senior Director of Public Affairs | 1.4yrs | no data | no data | |
| Regional Sales Head of Ad Solutions - MEA Region | less than a year | no data | no data | |
| Global Head of Measurement & Analytics | less than a year | no data | no data |
2.5yrs
Average Tenure
48yo
Average Age
Experienced Management: TRUE B's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 13.3yrs | SEK 600.00k | no data | |
| Co-Founder & Director | 17.3yrs | SEK 3.52m | 8.39% SEK 329.9m | |
| Co-Founder & Chairman | 17.3yrs | SEK 4.57m | 8.37% SEK 329.3m | |
| Independent Director | 1yr | SEK 500.00k | no data | |
| Independent Director | 5.3yrs | SEK 750.00k | 0.0020% SEK 78.3k | |
| Independent Director | 5.3yrs | SEK 580.00k | 0.0012% SEK 45.6k |
9.3yrs
Average Tenure
48.5yo
Average Age
Experienced Board: TRUE B's board of directors are considered experienced (9.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/02 00:40 |
| End of Day Share Price | 2026/04/30 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Truecaller AB (publ) is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Oscar Erixon | Carnegie Investment Bank AB |
| Paul Bradley | Citigroup Inc |
| Ramil Koria | Danske Bank |