About True Wall Specialities Private Limited
Data last updated:
True Wall Specialities Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 14 May 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36990MH2007PTC170792. Its GSTIN is 27AACCT6714B1ZM (Maharashtra). The company holds 12 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.79 Cr. It is led by directors Harpreet Singh Harinder Singh Marwah and Manpreet Kaur Harpreetsingh Marwah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 182/1 Retiwala Compound Cadell Road Mahim (West), Mumbai, Maharashtra, India – 400016.
As per the financials filed for FY 2025, the company reported a revenue of ₹148.63 Cr, a growth of 96% compared to the previous year. For the same year it recorded a net profit of ₹4.07 Cr (net margin 2.7%) and EBITDA of ₹7.58 Cr (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 18% over five years.
As per MCA filings, the company has open charges of ₹27.42 Cr and satisfied charges of ₹8.5 Cr on record. Court records list 21 cases involving the company, including 1 filed by the company and 20 filed against it; 2 cases are pending. The company has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹90 Lakh; the latest was in December 2022. Its 10 peer companies in the Infrastructure industry (Construction Services) are compared by revenue, 5 larger and 5 smaller; the largest is Hardev Construction Pvt Ltd with revenue of ₹150.49 Cr. The company has 18 MSME Form 1 returns on record between 2014 and 2024, listing 2,261 overdue payments to 49 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 truewallspecialities.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address182/1 Retiwala Compound Cadell Road Mahim (West), Mumbai, Maharashtra, India – 400016
- IndustryInfrastructure and Utilities, General Construction 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 Wall Specialities Private Limited
The main business activity of True Wall Specialities is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | 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 Wall Specialities Private Limited FY 2024 filings available
True Wall Specialities Private Limited reported revenue of ₹148.63 Cr (up 96% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of True Wall Specialities Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 96% 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 Wall Specialities 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 | ₹7.58 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.07 Cr | •••• | •••• | •••• | •••• |
| 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 Wall Specialities Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.7% | •••• | •••• | •••• | •••• |
| 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 Wall Specialities 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 Wall Specialities Private Limited
True Wall Specialities Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hardev Construction Pvt Ltd | ₹150.49 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Kolkata, West Bengal, India |
| Cochin Smart Mission Limited | ₹150.01 Cr (FY 2024) | •••• | •••• | 35.0% | •••• | Kochi, Kerala, India |
| Alsina Formwork (India) Private Limited | ₹149.66 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Mumbai, Maharashtra, India |
| Maitri Interior Projects Private Limited | ₹149.55 Cr (FY 2025) | •••• | •••• | 64.0% | •••• | Ahmedabad, Gujarat, India |
| R.R. Constructions and Infrastructure India Private Limited | ₹148.73 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Chennai, Tamil Nadu, India |
| True Wall Specialities Private Limited this company | ₹148.63 Cr (FY 2025) | •••• | •••• | 96.0% | •••• | Mumbai, Maharashtra, India |
| MRC Infracon Limited | ₹148.37 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Dasuya, Punjab, India |
| Elite Engineering & Construction (Hyd) Private Limited | ₹148.3 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Hyderabad, Telangana, India |
| Yash Tele Construction Private Limited | ₹148.3 Cr (FY 2025) | •••• | •••• | •••• | Bathinda, Punjab, India | |
| Srinivasa Construction Corporation Private Limited | ₹147.18 Cr (FY 2025) | •••• | •••• | 91.0% | •••• | Nellore, Andhra Pradesh, India |
| Vishwarupa Infratech Private Limited | ₹147.08 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below True Wall Specialities by revenue in the Infrastructure industry (Construction Services), 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 Wall Specialities Private Limited
True Wall Specialities Private Limited is audited by JAYESH SANGHRAJKA & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JAYESH SANGHRAJKA & CO LLP | 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 Wall Specialities Private Limited
True Wall Specialities has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harpreet Singh Harinder Singh Marwah Also directs: Aimers Infra Private Limited, True Wall Realty Private Limited | Director | 14 May 2007 | 19 Years 5 Months | Current |
| Manpreet Kaur Harpreetsingh Marwah | Director | 14 May 2007 | 19 Years 5 Months | Current |
Ownership and Shareholding of True Wall Specialities 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 Wall Specialities Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 May 2025 | Hdfc Bank Limited | ₹30.2 Lakh | Open |
| 17 Feb 2024 | Hdfc Bank Limited | ₹16.64 Lakh | Open |
| 10 Aug 2023 | Others | ₹13 Cr | Open |
| 23 Jan 2023 | Standard Chartered Bank | ₹1 Cr | Open |
| 29 Jun 2010 | Standard Chartered Bank | ₹12.95 Cr | Open |
Total charge records: 6 View all charges
Deals & Funding of True Wall Specialities Private Limited
True Wall Specialities Private Limited has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹90 Lakh; the latest was in December 2022.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Funding round | ₹20 Lakh | Investors: an individual |
| May 2021 | Funding round | ₹20 Lakh | Investors: 2 individuals |
| Nov 2020 | Rights issue | ₹15 Lakh | Investors: an individual |
| Mar 2009 | Funding round | ₹50 Lakh | Investors: 2 individuals |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of True Wall Specialities Private Limited
True Wall Specialities Private Limited has 21 court cases on record: 1 filed by True Wall Specialities, 20 filed against it. 2 cases are pending and 19 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 18 | 2 |
| High courts | 3 | 2 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed against the company by Agarvanshi Aluminium and Infra Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed against the company by 4Mann Industries Private Limited | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Jajoo Architectural Glass Private Limited | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by Soudal India Private Limited | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Religare Finvest Limited | Disposed |
Full case history
All 21 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.
MSME Payment Delays by True Wall Specialities Private Limited
True Wall Specialities Private Limited has 18 MSME Form 1 returns on record between 2014 and 2024, listing 2,261 overdue payments to 49 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 (5 of 49)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| All Arch India Private Limited | •••• | •••• | •••• |
| Avon Tuff Glass Private Limited | •••• | •••• | •••• |
| Santech Industries | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 18 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at True Wall Specialities Private Limited
Employment history and EPFO contributions of people linked to True Wall Specialities.
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 Wall Specialities Private Limited
True Wall Specialities Private Limited has 2 board changes on record since 2007: 2 appointments. The latest: Harpreet Singh Harinder Singh Marwah was appointed as Director on 14 May 2007.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for True Wall Specialities 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.
Subsidiaries & Group Companies of True Wall Specialities 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 Wall Specialities Private Limited
True Wall Specialities has 12 GST registrations: 8 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT6714B1ZM | Maharashtra | Active | 01 Jul 2017 |
| 06AACCT6714B1ZQ | Haryana | Active | 01 Jul 2017 |
| 29AACCT6714B1ZI | Karnataka | Active | 01 Jul 2017 |
| 33AACCT6714B1ZT | Tamil Nadu | 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 Wall Specialities 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 Wall Specialities Private Limited
True Wall Specialities is an active private limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 14 May 2007 (19+ years old) and is registered under CIN U36990MH2007PTC170792.
True Wall Specialities reported revenue of ₹148.63 Cr for FY 2025 (up 96% YoY).
True Wall Specialities has 2 current directors:
- Harpreet Singh Harinder Singh Marwah - Director
- Manpreet Kaur Harpreetsingh Marwah - Director
True Wall Specialities reported a net profit of ₹4.07 Cr (net margin 2.7%) and EBITDA of ₹7.58 Cr (EBITDA margin 5.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of True Wall Specialities is 49% over three years and 18% over five years. In the latest year (FY 2025) revenue rose 96%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of True Wall Specialities is 27AACCT6714B1ZM, registered in Maharashtra. The company has 12 GST registrations in all, of which 8 are active and 4 are cancelled or inactive. Other active GSTINs include 06AACCT6714B1ZQ (Haryana), 29AACCT6714B1ZI (Karnataka), 33AACCT6714B1ZT (Tamil Nadu).
The CIN (Corporate Identification Number) of True Wall Specialities is U36990MH2007PTC170792. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True Wall Specialities has 21 court cases on record: 1 filed by the company and 20 filed against it. 2 are pending. Most are in the district courts.
True Wall Specialities was incorporated on 14 May 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
True Wall Specialities has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹90 Lakh; the latest was in December 2022.
The peers of True Wall Specialities by revenue are Hardev Construction Pvt Ltd, Cochin Smart Mission Limited, Alsina Formwork (India) Private Limited, Maitri Interior Projects Private Limited, R.R. Constructions and Infrastructure India Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Harpreet Singh Harinder Singh Marwah was appointed as Director on 14 May 2007. Manpreet Kaur Harpreetsingh Marwah was appointed as Director on 14 May 2007.