About Truly Creative Developers Private Limited
Data last updated:
Truly Creative Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 12 January 1996.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1996PTC096241. Its GSTIN is 27AABCT0072F1ZO (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.26 Cr. It is led by directors including Rajendra Pandurang Barde (Managing Director) and Narendra Pandurang Barde.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 66 Rajendra Nagardattapada Road Borivali East, Mumbai, Maharashtra, India – 400066.
As per the financials filed for FY 2020, the company reported a revenue of ₹30.95 Lakh, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹1.42 Cr (net margin -458.9%) and EBITDA of -₹1.34 Cr (EBITDA margin -434%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years and 39% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹26.9 Cr and satisfied charges of ₹5 Cr on record. Court records list 177 cases involving the company, including 52 filed by the company and 125 filed against it; 48 cases are pending.
The last known website on record is tcdpl.in.
Company details
Contact details
Truly Creative Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is tcdpl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address66 Rajendra Nagardattapada Road Borivali East, Mumbai, Maharashtra, India – 400066
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Truly Creative Developers 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
Financials of Truly Creative Developers Private Limited
FY 2020 filings availableTruly Creative Developers Private Limited reported revenue of ₹30.95 Lakh (down 1% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over five years, including a 1% fall in the latest year. EBITDA fell 33% 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 | -₹1.34 Cr | ||||
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| Net Profit (PAT) | -₹1.42 Cr | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA Margin | -434% | ||||
| Net Profit Margin | -458.9% | ||||
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To see the full financial statements and ratios of Truly Creative Developers Private Limited, buy the company report.
Board of directors of Truly Creative Developers Private Limited
Truly Creative Developers has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narendra Pandurang Barde Also directs: Kalpak Nirman Limited, Radius Consultants LLP | Director | 12 Jan 1996 | 30 Years 9 Months | As last reported |
| Rajendra Pandurang Barde Also directs: Kalpak Nirman Limited | Managing Director | 12 Jan 1996 | 30 Years 9 Months | As last reported |
| Dattatraya Pandurang Barde Also directs: Kalpak Nirman Limited | Director | 12 Jan 1996 | 30 Years 9 Months | As last reported |
Peer comparison
Truly Creative Developers Private Limited is compared with the 4 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Purandar Construction Private Limited | ₹30.96 Lakh (FY 2024) | -58.0% | Panvel, Maharashtra, India | |||
| Apmg Infrastructure Private Limited | ₹30.96 Lakh (FY 2020) | -21.0% | Gurgaon, Haryana, India | |||
| Avanish Developers Private Limited | ₹30.95 Lakh (FY 2025) | -78.0% | Mumbai, Maharashtra, India | |||
| Truly Creative Developers Private Limitedthis company | ₹30.95 Lakh (FY 2020) | -₹1.42 Cr | -458.9% | -1.0% | 9 | Mumbai, Maharashtra, India |
| Fountaingrass Builders Private Limited | ₹30.95 Lakh (FY 2024) | -6.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Truly Creative Developers Private Limited, buy the company report.
Auditor
Truly Creative Developers Private Limited is audited by AGARWAL SINGHAL & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGARWAL SINGHAL & ASSOCIATES | FY 2016 | 127945W |
Shareholding
The shareholding of Truly Creative Developers Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Truly Creative Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Feb 2022 | 100554948 | Others | ₹2.95 Cr | Open | |
| 06 Oct 2021 | 100502098 | Others | ₹1.27 Cr | Open | |
| 06 Apr 2021 | 100446532 | Others | ₹1.2 Cr | Open | |
| 12 Feb 2020 | 100327488 | Others | ₹95 Lakh | Open | |
| 05 Mar 2016 | 100023018 | Others | ₹9 Cr | Open |
To see the full charge records of Truly Creative Developers Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Truly Creative Developers Private Limited has 177 court cases on record: 52 filed by Truly Creative Developers, 125 filed against it. 48 cases are pending and 129 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 86 | 45 | 27 |
| District courts | 77 | 68 | 21 |
| NCLT | 6 | 6 | 0 |
| NCLAT | 5 | 5 | 0 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 177)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against M/S. S.D. Corporation Pvt.Ltd. and 1 other | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Bhatia Builders and Developers Private Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Bigbloc Construction Limited | Disposed |
| Bombay High Court | Court case (APP) | Filed by the company against M/S. S.D.Corporation Pvt. Ltd. and 1 other | Disposed |
| Bombay High Court | Court case (CHS) | Filed by the company against M/S. S.D. Corporation Pvt Ltd, and 1 other | Disposed |
To see the full case history of Truly Creative Developers Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Truly Creative Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Truly Creative Developers Private Limited has a workforce of 9 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Truly Creative Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCT0072F1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Truly Creative Developers Private Limited, buy the company report.
Recent activity
Truly Creative Developers Private Limited has 8 board changes on record since 1996: 3 appointments and 5 cessations. The latest: Ashish Ashok Gadkari ceased to be Director on 26 Dec 2011.
12 earlier events are in the company report.
Frequently asked questions
Truly Creative Developers is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Truly Creative Developers is a company under insolvency, formerly operating as a 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 12 January 1996 and is registered under CIN U70100MH1996PTC096241. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Truly Creative Developers has 3 current directors:
- Rajendra Pandurang Barde - Managing Director
- Narendra Pandurang Barde - Director
- Dattatraya Pandurang Barde - Director
The latest financial statements of Truly Creative Developers on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Truly Creative Developers is U70100MH1996PTC096241. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Truly Creative Developers has open charges of ₹26.9 Cr and satisfied charges of ₹5 Cr as per latest MCA filings.
Truly Creative Developers has 177 court cases on record: 52 filed by the company and 125 filed against it. 48 are pending. Most are in the high courts.
Truly Creative Developers was incorporated on 12 January 1996. It is registered with the Registrar of Companies, Mumbai.
The peers of Truly Creative Developers by revenue are Purandar Construction Private Limited, Apmg Infrastructure Private Limited, Avanish Developers Private Limited, Fountaingrass Builders Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ashish Ashok Gadkari ceased to be Director on 26 Dec 2011. Ganesh Anna Shetty ceased to be Director on 26 Dec 2011. Mayuresh Dwarkanath Nagle ceased to be Additional Director on 26 Dec 2011. Truly Creative Developers has 8 board changes on record in total.
Truly Creative Developers can be reached through the website tcdpl.in. Its registered office is in Mumbai, Maharashtra, India.