True Green Bio Energy Limited - Company Profile

Q: Who are the current directors of True Green Bio Energy Limited?

The current directors of True Green Bio Energy Limited are Rajan Srivastava, Shashank Paranjape, Jyotiprasad Devkinandan Chiripal, Suresh Chatterjee, Chinar Rajkumar Jethwani, Chintan Kanaiyalal Patel, Pooja Smit Shah, Murlimanohar Raghunandan Goyal, Satish Bhatt, Satish Ravishanker Bhatt, Jigar Harshadkumar Shah.

It is a manufacturing public limited company based in Ahmedabad, Gujarat, India, established in 2003.

2003 Ahmedabad, Gujarat, India Active

Last Updated: January 10, 2026

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About True Green Bio Energy Limited

True Green Bio Energy Limited, a active public limited company, was established on 17 December 2003 in Ahmedabad, Gujarat, India. Engaging in textile & fabric production within the manufacturing sector, it holds CIN: L17111GJ2003PLC043354. Registered under ROC Roc Ahmedabad. it is listed on BSE: 533407 and NSE: BE : CNOVAPETRO. It has an authorized capital of ₹45.00 Cr and a paid-up capital of ₹32.96 Cr.

Formerly known as Nova Polyyarn Limited. It upholds a compliant status. In 2023, it reported revenue of ₹0.79 M and a net worth of ₹87.91 Cr. Employing 22 professional, Its leadership includes Rajan Srivastava (Whole-Time Director), Jyotiprasad Devkinandan Chiripal (Director), Suresh Chatterjee (Director). Past directors included Shyamsunder Nandkishore Gupta, Ambalal Chhitabhai Patel, Pooran Singh Mathuria. It holds ₹351.07 Cr open charges and ₹66.32 Cr settled loans. Its latest AGM occurred on 29 September 2025, with the balance sheet filed on 31 March 2024. It is based at Survey No. 396 (P), 395/4 (P), Moraiya Village, Sarkhej - Bavla Highway, Tal. Sanand,, Ahmedabad, Gujarat, 382210.

Company Details

CIN/LLPIN
L17111GJ2003PLC043354
Registration Number
043354
Incorporation Date
17 December 2003
Authorized Capital
₹45.00 Cr
Paid-Up Capital
₹32.96 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 533407, NSE: BE : CNOVAPETRO)
Company Status
Active

Key Metrics

Authorised Capital ₹ 45.00 Cr as on 10-01-2026
Paid Up Capital ₹ 32.96 Cr as on 10-01-2026
Company Age 22 Year, 2 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 351.07 Cr as on 10-01-2026
Satisfied Charges ₹ 66.32 Cr as on 10-01-2026
Revenue Growth **** -99.97% (FY 2023)
Profit Growth **** -175.70% (FY 2023)
Ebitda **** -102.13% (FY 2023)
Net Worth -5.82% (FY 2023)
Total Assets -41.74% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into True Green Bio Energy Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at True Green Bio Energy Limited?

Current Directors

Name	Designation	Appointment Date	Status
Rajan Srivastava	Whole-Time Director	15 Jan 2024	Current
Jyotiprasad Devkinandan Chiripal	Director	17 Dec 2003	Current
Suresh Chatterjee	Director	12 Aug 2025	Current
Chinar Rajkumar Jethwani	Director	13 Aug 2016	Current
Chintan Kanaiyalal Patel	Director	14 Sep 2020	Current
Pooja Smit Shah	Director	14 Sep 2020	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	30 Sep 2008	Past
Pramod Abcsdd	Director	30 Mar 2019	Past
Pramod Abcsdd	Managing Director	26 Sep 2016	Past
Pramod Abcsdd	Additional Director	25 Apr 2024	Past
Pramod Abcsdd	Additional Director	26 Apr 2008	Past
Pramod Abcsdd	Company Secretary	-	Past

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Financial Performance of True Green Bio Energy.

True Green Bio Energy Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 99.97% decrease. The company also saw a substantial fall in profitability, with a 175.7% decrease in profit. The company's net worth dipped by a decrease of 5.82%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-99.97%

*******

Revenue from Operations

*******

-100.00%

*******

Total Assets

*******

-41.74%

*******

Profit or Loss

*******

-175.70%

*******

Net Worth

*******

-5.82%

*******

EBITDA

*******

-102.13%

*******

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What is the Ownership and Shareholding Structure of True Green Bio Energy?

In 2022, True Green Bio Energy had a promoter holding of 74.51% and a public holding of 25.49%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹3,510,714,000.00

Satisfied Charges

₹663,200,000.00

Charges Breakdown by Lending Institutions

Sbicap Trustee Company Limited : 351.00 Cr
Hdfc Bank Limited : 0.07 Cr

Latest Charge Details

Date	Lender	Amount	Status
29 Aug 2024	Sbicap Trustee Company Limited	₹351.00 Cr	Open
29 Nov 2021	Hdfc Bank Limited	₹0.71 M	Open
12 Jan 2022	State Bank Of India	₹1.10 Cr	Satisfied
13 Sep 2011	State Bank Of India	₹28.65 Cr	Satisfied
03 Jun 2011	State Bank Of India	₹28.65 Cr	Satisfied

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How Many Employees Work at True Green Bio Energy?

True Green Bio Energy has a workforce of 22 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of True Green Bio Energy, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped True Green Bio Energy's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on True Green Bio Energy

Recent Activity within the Organization

Charges

Progress on A charge with Sbicap Trustee Company Limited of Rs. 351.00 Cr registered on 29 Aug 2024 with Charge ID 100969276 was modified on 29 Oct 2025. was documented.
29 Oct 2025
Annual General Meeting

True Green Bio Energy Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records. was recorded as a recent event.
29 Sep 2025
Director Appointment

Suresh Chatterjee was appointed as a Director was appointed as a Director on 12 Aug 2025 & has been associated with this company since 6 months 6 days . was recorded as a recent event.
12 Aug 2025
Charges

A charge with Sbicap Trustee Company Limited amounted to Rs. 351.00 Cr with Charge ID 100969276 was registered on 29 Aug 2024. was recorded as a recent event.
29 Aug 2024
Director Appointment

Jigar Harshadkumar Shah was appointed as a Company Secretary was appointed as a Company Secretary on 15 Jul 2024 & has been associated with this company since 1 year 7 months . was recorded as a recent event.
15 Jul 2024
Balance Sheet

Progress on True Green Bio Energy Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad. was documented.
31 Mar 2024

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