True Value Petroleum Private Limited
About True Value Petroleum Private Limited
Data last updated:
True Value Petroleum Private Limited is a private limited company based in Punjab, India. It operates in the oil and gas marketing services segment of the energy and power sector. It was incorporated on 06 June 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U50500PB2003PTC026085. Its GSTIN is 03AACCT1574D1ZS (Punjab).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ramneek Handa (Managing Director) and Parveen Handa.
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 Jalandhar Pathankot Road Village Sarmastpur Jalandhar, Punjab, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹39.34 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹13.23 Lakh (net margin 0.3%) and EBITDA of ₹22.16 Lakh (EBITDA margin 0.6%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹35 Lakh on record. Court records list 4 cases involving the company, including 4 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressJalandhar Pathankot Road Village Sarmastpur Jalandhar, Punjab, India
- IndustryEnergy and Power, Oil & Gas Marketing Services
- 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 Petroleum Private Limited
The main business activity of True Value Petroleum is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | 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 Petroleum Private Limited FY 2025 filings available
True Value Petroleum Private Limited reported revenue of ₹39.34 Cr (up 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of True Value Petroleum Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 3% over three years, including 45% growth in the latest year. EBITDA rose 76% 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 Petroleum 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 | ₹22.16 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.23 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of True Value Petroleum Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.3% | •••• | •••• | •••• | •••• |
| 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 Petroleum 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.
Peer Comparison of True Value Petroleum Private Limited
True Value Petroleum Private Limited is compared with the companies closest to it by revenue in the Oil and Gas industry (Oil and Gas Marketing, Petroleum). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jadwet Trading Company Private Limited | ₹40.88 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Andaman and Nicobar Islands, India |
| Claps Oiltech Private Limited | ₹40.6 Cr (FY 2023) | •••• | •••• | 10617.0% | •••• | Hyderabad, Telangana, India |
| Neoko Industries Private Limited | ₹40.04 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Bangalore, Karnataka, India |
| Sree LPG Private Limited | ₹39.95 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mysore, Karnataka, India |
| Baidyanath LNG Private Limited | ₹39.64 Cr (FY 2025) | •••• | •••• | 91.0% | •••• | Mumbai, Maharashtra, India |
| True Value Petroleum Private Limited this company | ₹39.34 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Punjab, India |
| Petroleum and Minerals Limited | ₹38.14 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| HCG Nagpur Private Limited | ₹37.88 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | New Delhi, Delhi, India |
| KK India Petroleum Specialities Private Limited | ₹37.48 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Mumbai, Maharashtra, India |
| Greenenergy Gas Services Private Limited | ₹35.85 Cr (FY 2024) | •••• | •••• | 104.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Adco Motors Pvt Ltd | ₹35.63 Cr (FY 2025) | •••• | •••• | 101165.0% | •••• | Hindmotor, West Bengal, India |
Peers are the five companies nearest above and the five nearest below True Value Petroleum by revenue in the Oil and Gas industry (Oil and Gas Marketing, Petroleum), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of True Value Petroleum Private Limited
True Value Petroleum Private Limited is audited by KUNAL KAPOOR & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KUNAL KAPOOR & CO | 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 Petroleum Private Limited
True Value Petroleum has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramneek Handa | Managing Director | 24 Feb 2007 | 19 Years 7 Months | Current |
| Parveen Handa | Director | 06 Jun 2003 | 23 Years 4 Months | Current |
Ownership and Shareholding of True Value Petroleum 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 Petroleum Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Mar 2016 | State Bank of India | ₹35 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of True Value Petroleum Private Limited
True Value Petroleum Private Limited has 4 court cases on record: 4 filed by True Value Petroleum. All cases are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 0 |
Cases on record (2 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalandhar, Punjab | Criminal miscellaneous application | Filed by the company against Gurteshwar Traders and Transporters | Disposed |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed by the company against Gurteshwar Traders and Transporters | Disposed |
Full case history
All 4 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 Petroleum Private Limited
True Value Petroleum Private Limited has a workforce of 3 employees as of Mar 22, 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.
Recent Activity on True Value Petroleum Private Limited
True Value Petroleum Private Limited has 3 board changes on record since 2003: 2 appointments and 1 cessation. The latest: Hari Prashad Handa ceased to be Managing Director on 07 Sep 2024.
Credit Ratings, Litigation & Regulatory Alerts for True Value Petroleum 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 Petroleum 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 Petroleum 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 Petroleum Private Limited
True Value Petroleum has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCT1574D1ZS | Punjab | 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 Petroleum 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 Petroleum Private Limited
True Value Petroleum is an active private limited company based in Punjab, India. The company works in oil and gas marketing services, within the energy and power industry. It was incorporated on 06 June 2003 (23+ years old) and is registered under CIN U50500PB2003PTC026085.
True Value Petroleum reported revenue of ₹39.34 Cr for FY 2025 (up 45% YoY).
True Value Petroleum has 2 current directors:
- Ramneek Handa - Managing Director
- Parveen Handa - Director
True Value Petroleum reported a net profit of ₹13.23 Lakh (net margin 0.3%) and EBITDA of ₹22.16 Lakh (EBITDA margin 0.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of True Value Petroleum is 3% over three years. In the latest year (FY 2025) revenue rose 45%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of True Value Petroleum is 03AACCT1574D1ZS, registered in Punjab.
The CIN (Corporate Identification Number) of True Value Petroleum is U50500PB2003PTC026085. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True Value Petroleum has 4 court cases on record: 4 filed by the company.
True Value Petroleum was incorporated on 06 June 2003, making it 23+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of True Value Petroleum by revenue are Jadwet Trading Company Private Limited, Claps Oiltech Private Limited, Neoko Industries Private Limited, Sree LPG Private Limited, Baidyanath LNG Private Limited and 5 more, all in the Oil and Gas industry (Oil and Gas Marketing, Petroleum).
Hari Prashad Handa ceased to be Managing Director on 07 Sep 2024. Ramneek Handa was appointed as Managing Director on 24 Feb 2007. Parveen Handa was appointed as Director on 06 Jun 2003.