About Truvaluesolar
Truvaluesolar is an Energy & Utilities company based in Vadodara (India) founded in 2011. It serves as a reliable supplier of high-quality solar panels for sustainable energy solutions. It operates on a B2B model. Its Indian entity Tru Value Solar Private Limited reported revenue of ₹10.8 Lakh. Its focus areas include Energy, Renewable Energy, Solar Energy and Panel Supply. Its competitors include Fourth Partner Energy and Sterling And Wilson; 2 of its 2 listed competitors have raised funding.
Company details
Truvaluesolar, founded in 2011 in Vadodara, India, focuses on working in the energy sector, promoting renewable energy, developing solar energy systems, and panel supply. Serves as a reliable supplier of high-quality solar panels for sustainable energy solutions. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Vadodara, India
- SectorsEnergy & Utilities
- Website truvaluesolar.com
- Legal Name Tru Value Solar Private Limited
- Date of Incorporation 21 Apr, 2011
- Jurisdiction Vadodara, Gujarat, India
- Annual Revenue₹10.8 Lakh
FY 2024 · -87% YoY
- Net Loss-₹25,229
FY 2024 · -2% margin
- EBITDA₹9.6 Lakh
FY 2024 · 88% margin
Associated legal entities of Truvaluesolar
Truvaluesolar operates through Tru Value Solar Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tru Value Solar Private Limited CIN U74999GJ2011PTC065083 | Active | 21 Apr 2011 | Vadodara, Gujarat | ₹0.1 Cr | 2 | View details |
Board of directors of Tru Value Solar Private Limited (Truvaluesolar)
Tru Value Solar Private Limited is the primary company behind Truvaluesolar. The board of Tru Value Solar Private Limited currently have 2 directors; the longest-serving is Jevin Patel Sanjaybhai, appointed in 2011. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jevin Patel Sanjaybhai DIN 03497616 | Director | 21 Apr 2011 | 15 yrs 6 mo | Tru Value Solar Private Limited |
| Isha Patel Jevin DIN 08324017 | Director | 18 Feb 2021 | 5 yrs 8 mo | Tru Value Solar Private Limited |
Financials of Truvaluesolar
Figures of Tru Value Solar Private Limited, the primary company behind Truvaluesolar, for FY 2024. Revenue was ₹10.8 Lakh (-87% year on year). Net loss was -₹25,229 (-2% margin). EBITDA was ₹9.6 Lakh (88% margin). Revenue has grown at a compounded annual rate of -72% over three years and -43% over five years.
- ₹10.8 LakhRevenue · FY 2024 · -87% YoY
- -₹25,229Net loss · -2% margin
- ₹9.6 LakhEBITDA · 88% margin
- ₹1 LakhPaid-up capital
- -72%Revenue CAGR, 3 years
- -43%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Tru Value Solar Private Limited are on its company page.
Detailed financial statements for Truvaluesolar
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Competitors of Truvaluesolar
Truvaluesolar has 2 listed competitors in our database, 2 of them funded. They include Fourth Partner Energy and Sterling And Wilson.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. | |
| sterlingandwilson.com | 1927 | Mumbai, India | $50M | 6,013 | EPC and MEP services are provided across diverse sectors. |
Detailed competitors of Truvaluesolar
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Truvaluesolar (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Frequently Asked Questions about Truvaluesolar
Truvaluesolar was founded in 2011.
Truvaluesolar is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.
The primary company behind Truvaluesolar, Tru Value Solar Private Limited, reported revenue of ₹10.8 Lakh for FY 2024, down 87% year on year.
Truvaluesolar, founded in 2011 in Vadodara, India, focuses on working in the energy sector, promoting renewable energy, developing solar energy systems, and panel supply. Serves as a reliable supplier of high-quality solar panels for sustainable energy solutions. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Truvaluesolar's top competitors include Fourth Partner Energy and Sterling And Wilson.
Truvaluesolar operates through Tru Value Solar Private Limited.
The legal entities of Truvaluesolar currently have 2 directors, including Isha Patel Jevin, Jevin Patel Sanjaybhai.