About True Value Nirman Private Limited
Data last updated:
True Value Nirman Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 January 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74110GJ2005PTC045313. Its GSTIN is 24AAECM4005A3Z9 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Devsurya Properties Private Limited and Mahek Property Private Limited. It is led by directors Manish Dilipbhai Shah and Yash Manish Shah.
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 True Value House Opp. Isro Nr. Sundarvan Bus – Stop Satellite, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.73 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹82.95 Lakh (net margin 7.7%) and EBITDA of ₹6.06 Cr (EBITDA margin 56.5%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 3% over five years.
The company has about 28 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹15 Cr and satisfied charges of ₹11.71 Cr on record. Court records list 1 case involving the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website truevaluenirman.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressTrue Value House Opp. Isro Nr. Sundarvan Bus – Stop Satellite, Ahmedabad, Gujarat, India – 380015
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Business Activity of True Value Nirman Private Limited
The main business activity of True Value Nirman is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of True Value Nirman Private Limited FY 2025 filings available
True Value Nirman Private Limited reported revenue of ₹10.73 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of True Value Nirman Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 2% fall in the latest year. EBITDA fell 6% 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 of True Value Nirman Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹6.06 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹82.95 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of True Value Nirman Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 56.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.7% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of True Value Nirman are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of True Value Nirman Private Limited
True Value Nirman Private Limited is audited by VKJD & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VKJD & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of True Value Nirman Private Limited
True Value Nirman has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Manish Shah Also directs: Big Rock Constructions LLP, Timeless Properties LLP, Magic Hammer Buildtech LLP and 5 more | Additional Director | 11 Dec 2025 | 0 Years 9 Months | Current |
| Manish Dilipbhai Shah Also directs: True Value Infraworld LLP, Big Rock Constructions LLP, Timeless Properties LLP and 5 more | Director | 18 Jan 2005 | 21 Years 8 Months | Current |
Ownership and Shareholding of True Value Nirman Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of True Value Nirman Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Jul 2025 | Others | ₹15 Cr | Open |
| 30 Sep 2020 | Others | ₹5.71 Cr | Satisfied |
| 16 Feb 2015 | Icici Bank Limited | ₹1.5 Cr | Satisfied |
| 16 Feb 2015 | Icici Bank Limited | ₹1.5 Cr | Satisfied |
| 16 Feb 2015 | Icici Bank Limited | ₹1.5 Cr | Satisfied |
Total charge records: 6 View all charges
Legal Cases of True Value Nirman Private Limited
True Value Nirman Private Limited has 1 court case on record: 1 where it is another party. All case is disposed. Status as checked on 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Appeal | Company is another party | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at True Value Nirman Private Limited
True Value Nirman Private Limited has a workforce of 28 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of True Value Nirman Private Limited
True Value Nirman has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Almondz Infrastructure Private Limited | U45201GJ2008PTC055382 | Locked |
Showing major subsidiaries. Total: 1.
Name History of True Value Nirman Private Limited
True Value Nirman has undergone 3 name changes throughout its history. The company was previously known as Devsurya Properties Private Limited, Mahek Property Private Limited, and True Value Nirman Limited. The current legal name is True Value Nirman Private Limited.
| Company Name | Status |
|---|---|
| True Value Nirman Private Limited | Current |
| Devsurya Properties Private Limited | Previous |
| Mahek Property Private Limited | Previous |
| True Value Nirman Limited | Previous |
CIN History of True Value Nirman Private Limited
True Value Nirman has one previous CIN (Corporate Identification Number): U45201GJ2005PTC045313. The current CIN is U74110GJ2005PTC045313, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110GJ2005PTC045313 | Current |
| U45201GJ2005PTC045313 | Previous |
Recent Activity on True Value Nirman Private Limited
True Value Nirman Private Limited has 8 board changes on record since 2005: 2 appointments and 6 cessations. The latest: Yash Manish Shah was appointed as Additional Director on 11 Dec 2025.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for True Value Nirman Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by True Value Nirman Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of True Value Nirman Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of True Value Nirman Private Limited
True Value Nirman has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECM4005A3Z9 | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of True Value Nirman Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about True Value Nirman Private Limited
True Value Nirman is an active private limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 18 January 2005 (21+ years old) and is registered under CIN U74110GJ2005PTC045313.
True Value Nirman reported revenue of ₹10.73 Cr for FY 2025 (down 2% YoY).
True Value Nirman has 2 current directors:
- Yash Manish Shah - Additional Director
- Manish Dilipbhai Shah - Director
True Value Nirman reported a net profit of ₹82.95 Lakh (net margin 7.7%) and EBITDA of ₹6.06 Cr (EBITDA margin 56.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of True Value Nirman is 7% over three years and -3% over five years. In the latest year (FY 2025) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of True Value Nirman is 24AAECM4005A3Z9, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of True Value Nirman is U74110GJ2005PTC045313. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True Value Nirman has 1 court case on record.
True Value Nirman was incorporated on 18 January 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Yash Manish Shah was appointed as Additional Director on 11 Dec 2025. Sweta Manish Shah ceased to be Additional Director on 30 Nov 2021. Dayal Tarachand Manshani ceased to be Director on 01 Apr 2021. True Value Nirman has 8 board changes on record in total.