True Man Properties Private Limited
About True Man Properties Private Limited
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True Man Properties Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 08 October 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2004PTC149040.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.14 Cr. It is led by directors Pramod Madhavdas Sheth and Chetan Durgadas Mehra.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 629A Gazdar House 2nd Floor Dhobi Talao New Marine Lines, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2024, the company reported a revenue of ₹10,219, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹2.36 Lakh and EBITDA of -₹1.31 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 72% over three years and 54% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
True Man Properties Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address629A Gazdar House 2nd Floor Dhobi Talao New Marine Lines, Mumbai, Maharashtra, India – 400002
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of True Man Properties Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of True Man Properties is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. |
To see the full business activity and turnover split of True Man Properties Private Limited, buy the company report.
Financials of True Man Properties Private Limited
FY 2024 filings availableTrue Man Properties Private Limited reported revenue of ₹10,219 (down 89% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 54% over five years, including a 89% fall in the latest year. EBITDA fell 55% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
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| EBITDA | -₹1.31 Lakh | ||||
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| Net Profit (PAT) | -₹2.36 Lakh | ||||
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Financial Ratios
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To see the full financial statements and ratios of True Man Properties Private Limited, buy the company report.
Board of directors of True Man Properties Private Limited
True Man Properties has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pramod Madhavdas Sheth Also directs: Bay Wind Projects Private Limited, Windia Infrastructure Finance Limited, Dahivel Energy Projects Private Limited and 2 more | Director | 01 Mar 2019 | 7 Years 7 Months | Current |
| Chetan Durgadas Mehra | Director | 16 Sep 2013 | 13 Years 1 Months | Current |
Auditor
True Man Properties Private Limited is audited by SHETH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHETH & ASSOCIATES | FY 2023 | 110040W |
Shareholding
The shareholding of True Man Properties Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
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| Others |
To see the full shareholding pattern of True Man Properties Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving True Man Properties Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for True Man Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for True Man Properties Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
True Man Properties Private Limited has 7 board changes on record since 2013: 2 appointments and 5 cessations. The latest: Pramod Madhavdas Sheth ceased to be Additional Director on 30 Sep 2019.
Frequently asked questions
True Man Properties is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 08 October 2004 (22+ years old) and is registered under CIN U45200MH2004PTC149040.
True Man Properties has 2 current directors:
- Pramod Madhavdas Sheth - Director
- Chetan Durgadas Mehra - Director
The latest financial statements of True Man Properties on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of True Man Properties is U45200MH2004PTC149040. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True Man Properties was incorporated on 08 October 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Pramod Madhavdas Sheth ceased to be Additional Director on 30 Sep 2019. Palaje Shantharam Shetty ceased to be Director on 01 Mar 2019. Pramod Madhavdas Sheth was appointed as Director on 01 Mar 2019. True Man Properties has 7 board changes on record in total.
The registered office of True Man Properties is at 629A Gazdar House 2nd Floor Dhobi Talao New Marine Lines, Mumbai, Maharashtra, India – 400002.
True Man Properties operates in the real estate and construction industry, in the real estate builders and developers segment.
The compliance status of True Man Properties is compliant as of 23 August 2026. The company is actively filing with the Registrar of Companies.
True Man Properties can be reached at its registered office: 629A Gazdar House 2nd Floor Dhobi Talao New Marine Lines, Mumbai, Maharashtra, India – 400002.