India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,427 N. Ravichandran ₹1,500 Cr
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Revenue · FY 2025
₹346.2 Cr
▼ 15% YoY
Net profit · FY 2025
₹69.57 Cr
Net margin 20.1%
EBITDA · FY 2025
₹110 Cr
EBITDA margin 31.8%
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹16.23 Cr
Issued & subscribed
Open charges
₹70 Cr
Satisfied ₹4,064.86 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
102
Provident fund records
About True Value Homes (India) Private Limited
Data last updated:
True Value Homes (India) Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 19 March 1997 and has been in existence for over 29 years.
Its director N. Ravichandran is #1,427 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45201TN1997PTC037742. Its GSTIN is 33AAACT7955Q1ZN (Tamil Nadu).
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹16.23 Cr. It is led by directors Ravichandran Narayanan (Managing Director) and Kalaiarasi Murugesan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹346.2 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹69.57 Cr (net margin 20.1%) and EBITDA of ₹110 Cr (EBITDA margin 31.8%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 28% over five years.
The company has about 102 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
The company is associated with 1 brand: TVH. As per MCA filings, the company has open charges of ₹70 Cr and satisfied charges of ₹4,064.86 Cr on record. Court records list 85 cases involving the company, including 35 filed by the company and 50 filed against it; 11 cases are pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹27.89 Cr; the latest was in March 2013. Its 5 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 2 larger and 3 smaller; the largest is Maars Infra Developers Private Limited with revenue of ₹353.03 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 4 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tvh.in.
Company details
CIN U45201TN1997PTC037742
Registration Number 037742
Incorporation Date 19 March 1997
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Recognitions & Rankings of True Value Homes (India)
Contact details
True Value Homes (India) Private Limited's registered office is in Chennai, Tamil Nadu. Its website is tvh.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressTvh Novella Second Floor Plot No.112, Old No.4 Door No.16/17 3rd Cross Road, Chennai, Tamil Nadu, India – 600028
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of True Value Homes (India) Private Limited, buy the company report.
Comprehensive company report
True Value Homes (India) Private Limited - one report that includes everything
- 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
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Business activity
The main business activities of True Value Homes (India) are real estate, construction and professional, scientific and technical. In detail, this covers real estate activities with own or leased property, demolition & site preparation, electrical, plumbing & other specialized construction activities and other professional, scientific and technical activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of True Value Homes (India) Private Limited, buy the company report.
Financials of True Value Homes (India) Private Limited
FY 2025 filings availableTrue Value Homes (India) Private Limited reported revenue of ₹346.2 Cr (down 15% YoY) for FY 2025.
Revenue · FY 2025
₹346.2 Cr ▼ 15%
Net profit · FY 2025
₹69.57 Cr margin 20.1%
EBITDA · FY 2025
₹110 Cr margin 31.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 42%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▼ 24%
3 years · compounded
▲ 102%
5 years · compounded
▲ 24%
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 28%. EBITDA fell 24% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹110 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹69.57 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31.8% | ||||
| Net Profit Margin | 20.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of True Value Homes (India) Private Limited, buy the company report.
Board of directors of True Value Homes (India) Private Limited
True Value Homes (India) has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravichandran Narayanan | Managing Director | 19 Mar 1997 | 29 Years 7 Months | Current |
| Kalaiarasi Murugesan Also directs: TVH Estates Chennai Private Limited, Tarendra Infrastructure Chennai Private Limited, Mavaadi Project Private Limited and 5 more | Director | 19 Mar 1997 | 29 Years 7 Months | Current |
Peer comparison
True Value Homes (India) Private Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maars Infra Developers Private Limited | ₹353.03 Cr (FY 2024) | 162588.0% | Bangalore, Karnataka, India | |||
| Wave Infratech Private Limited. | ₹352.12 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| True Value Homes (India) Private Limitedthis company | ₹346.2 Cr (FY 2025) | ₹69.57 Cr | 20.1% | -15.0% | 102 | Chennai, Tamil Nadu, India |
| Panchshil Realty and Developers Private Limited | ₹346.2 Cr (FY 2024) | 62.0% | Pune, Maharashtra, India | |||
| Ambience Developers & Infrastructure Private Limited. | ₹342.56 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| L&T Realty Properties Limited | ₹342.11 Cr (FY 2025) | -80.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of True Value Homes (India) Private Limited, buy the company report.
Auditor
True Value Homes (India) Private Limited is audited by CNGSN & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CNGSN & ASSOCIATES LLP | FY 2023 | 04915S |
Shareholding
The shareholding of True Value Homes (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of True Value Homes (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹70 Cr
Satisfied charges
₹4,064.86 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Aug 2024 | 100967942 | Others | ₹15 Cr | Open | |
| 07 Aug 2024 | 100962736 | Others | ₹15 Cr | Open | |
| 16 Oct 2023 | 100809913 | Others | ₹10 Cr | Open | |
| 23 Feb 2023 | 100693478 | Others | ₹15 Cr | Open | |
| 23 Feb 2023 | 100693177 | Others | ₹15 Cr | Open |
To see the full charge records of True Value Homes (India) Private Limited, buy the company report.
Total charge records: 74 View all charges
Deals & funding
True Value Homes (India) Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹27.89 Cr; the latest was in March 2013.
Total deals
4
Funding rounds
3
Secondary share transfer
1
Disclosed funding
₹27.89 Cr
Deals on record (2 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2007 | Secondary share transfer | Undisclosed | Seller: an individual |
| Mar 2006 | Funding round | ₹2.14 Cr | Investors: 3 individuals |
To see the full deal history of True Value Homes (India) Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
True Value Homes (India) Private Limited has 85 court cases on record: 35 filed by True Value Homes (India), 50 filed against it. 11 cases are pending and 74 are disposed.
Total cases
85
Filed by the company
35
Filed against the company
50
Pending
11
Disposed
74
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 54 | 25 | 9 |
| District courts | 27 | 25 | 1 |
| Supreme Court | 2 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 85)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Infinitas Energy Solutions Pvt Ltd. | Pending |
| Madras High Court | Court case (REV.APLO) | Filed against the company by Maavadi Soft Tech Ventures India Private Limited | Disposed |
| Madras High Court | Court case (REV.APLO) | Filed by the company against Anir Tech Park Private Limited | Disposed |
| Madras High Court | Appeal | Filed by the company against Anir Tech Park Private Limited | Disposed |
| District court, Chengalpattu, Tamil Nadu | Civil suit | Filed by the company against Kotak Mahindra Life Insurance Company Limited Rep by Its Authorised Signatory and Another | Disposed |
To see the full case history of True Value Homes (India) 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.
Credit ratings & regulatory alerts
True Value Homes (India) Private Limited was last rated by Care on 25 Feb 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 25 Feb 2026 |
To see the full credit ratings and regulatory alerts of True Value Homes (India) Private Limited, buy the company report.
MSME payment delays
True Value Homes (India) Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 4 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of True Value Homes (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
True Value Homes (India) has 6 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
6
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| TVH Infrastructure Chennai Private Limited | U45200TN2006PTC061555 | |
| Sarvaga Housing Private Limited | U45201TN2008PTC070169 | |
| TVH Infrastructures & Developers Private Limited | U45208TN2007PTC063870 | |
| Belecia Towers Private Limited | U70101TN2006PTC061435 | |
| TVH Property Developments India Private Limited | U70109TN2005PTC056714 | |
| Maavadi Soft Tech Ventures (India) Private Limited | U72200TN2005PTC056361 |
To see the full group structure of True Value Homes (India) Private Limited, buy the company report.
Employees & EPFO
True Value Homes (India) Private Limited has a workforce of 102 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
102
Active EPFO establishments
1
Employee growth
-5.56%
GST
True Value Homes (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACT7955Q1ZN | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of True Value Homes (India) Private Limited, buy the company report.
Recent activity
True Value Homes (India) Private Limited has 12 board changes on record since 1997: 7 appointments and 5 cessations. The latest: Prakash Chand Pooja ceased to be Company Secretary on 18 Apr 2022.
AGM
True Value Homes (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 16 Oct 2023 via Charge ID 100809908 with Others was fully satisfied on 23 May 2025.
Filing
True Value Homes (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge registered on 14 Aug 2018 via Charge ID 100227874 with Others was fully satisfied on 26 Mar 2025.
Charges
A charge registered on 07 Aug 2024 via Charge ID 100962737 with Others was fully satisfied on 25 Nov 2024.
Charges
A charge registered on 16 Oct 2023 via Charge ID 100809909 with Others was fully satisfied on 02 Sep 2024.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100967942 was registered on 12 Aug 2024.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100962736 was registered on 07 Aug 2024.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100962737 was registered on 07 Aug 2024.
Charges
A charge registered on 23 Feb 2023 via Charge ID 100693171 with Others was fully satisfied on 18 Jun 2024.
Charges
A charge registered on 23 Feb 2023 via Charge ID 100693170 with Others was fully satisfied on 18 Jun 2024.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100809913 was registered on 16 Oct 2023.
172 earlier events are in the company report.
Frequently asked questions
True Value Homes (India) is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 19 March 1997 (29+ years old) and is registered under CIN U45201TN1997PTC037742.
True Value Homes (India) has 2 current directors:
- Ravichandran Narayanan - Managing Director
- Kalaiarasi Murugesan - Director
The latest financial statements of True Value Homes (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of True Value Homes (India) is 33AAACT7955Q1ZN, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of True Value Homes (India) is U45201TN1997PTC037742. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True Value Homes (India) has 85 court cases on record: 35 filed by the company and 50 filed against it. 11 are pending. Most are in the high courts.
True Value Homes (India) was incorporated on 19 March 1997, making it 29+ years old. It is registered with the Registrar of Companies, Chennai.
True Value Homes (India) has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹27.89 Cr; the latest was in March 2013.
The peers of True Value Homes (India) by revenue are Maars Infra Developers Private Limited, Wave Infratech Private Limited, Panchshil Realty and Developers Private Limited, Ambience Developers & Infrastructure Private Limited, L&T Realty Properties Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Prakash Chand Pooja ceased to be Company Secretary on 18 Apr 2022. Prakash Chand Pooja was appointed as Company Secretary on 07 Oct 2020. Arun Nehru ceased to be Director on 18 Sep 2018. True Value Homes (India) has 12 board changes on record in total.
True Value Homes (India) has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 4 overdue payments to 2 micro and small suppliers. The latest return was filed on 23 Dec 2020.
True Value Homes (India) can be reached through the website tvh.in. Its registered office is in Chennai, Tamil Nadu, India.