MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-PB-17-0000969
Trues Steels Private Limited - machinery and equipment in Chandigarh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹48.24 Cr
▲ 8% YoY
Net profit · FY 2025
₹2.28 Cr
Net margin 4.7%
EBITDA · FY 2025
₹5.15 Cr
EBITDA margin 10.7%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹24.65 Cr
Satisfied ₹49.86 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
177
Provident fund records
About Trues Steels Private Limited
Data last updated:
Trues Steels Private Limited is a private limited company based in Chandigarh, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 25 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27106CH2008PTC031101. Its GSTIN is 04AACCT8595J1ZU (Chandigarh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Ravi Kant and Vikas Mangla.
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 Plot No: 285 Industrial Area Phase II, Chandigarh, India – 160002.
As per the financials filed for FY 2025, the company reported a revenue of ₹48.24 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹2.28 Cr (net margin 4.7%) and EBITDA of ₹5.15 Cr (EBITDA margin 10.7%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 5% over five years.
The company has about 177 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹24.65 Cr and satisfied charges of ₹49.86 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it.
Trues Steels Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-17-0000969). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tsplchd.com.
Company details
CIN U27106CH2008PTC031101
Registration Number 031101
Incorporation Date 25 February 2008
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-PB-17-0000969
Key People
Ravi Kant Director Vikas Mangla Director Recognitions & Rankings of Trues Steels
Contact details
Trues Steels Private Limited's registered office is in Chandigarh, Chandigarh. Its website is tsplchd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No: 285 Industrial Area Phase II, Chandigarh, India – 160002
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Trues Steels Private Limited, buy the company report.
Comprehensive company report
Trues Steels 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 activity of Trues Steels is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Trues Steels Private Limited, buy the company report.
Financials of Trues Steels Private Limited
FY 2025 filings availableTrues Steels Private Limited reported revenue of ₹48.24 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹48.24 Cr ▲ 8%
Net profit · FY 2025
₹2.28 Cr margin 4.7%
EBITDA · FY 2025
₹5.15 Cr margin 10.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▼ 1%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▼ 5%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 8% growth in the latest year. EBITDA fell 9% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹5.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.28 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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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 | 10.7% | ||||
| Net Profit Margin | 4.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Trues Steels Private Limited, buy the company report.
Board of directors of Trues Steels Private Limited
Trues Steels has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Kant | Director | 25 Feb 2008 | 18 Years 8 Months | Current |
| Vikas Mangla | Director | 25 Feb 2008 | 18 Years 8 Months | Current |
Peer comparison
Trues Steels Private Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers, Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Radix Arc Private Limited | ₹48.39 Cr (FY 2025) | 5.0% | Kolkata, West Bengal, India | |||
| Panchal Engineers (India) Private Limited | ₹48.34 Cr (FY 2025) | 17.0% | Nashik, Maharashtra, India | |||
| Trues Steels Private Limitedthis company | ₹48.24 Cr (FY 2025) | ₹2.28 Cr | 4.7% | 8.0% | 177 | Chandigarh, India |
| Neat Wind Industries Limited | ₹48.24 Cr (FY 2024) | 29.0% | Ahmednagar, Maharashtra, India | |||
| Accura Weldrods Kovai Private Limited | ₹48.13 Cr (FY 2025) | 5.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Trues Steels Private Limited, buy the company report.
Auditor
Trues Steels Private Limited is audited by SANGEET KUMAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANGEET KUMAR & ASSOCIATES | FY 2023 | 011954N |
Shareholding
The shareholding of Trues Steels Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Trues Steels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹24.65 Cr
Satisfied charges
₹49.86 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 May 2025 | 101101454 | Others | ₹1.33 Cr | Open | |
| 07 Feb 2022 | 100540155 | Others | ₹23.32 Cr | Open | |
| 22 Nov 2019 | 100308328 | Hdfc Bank Limited | ₹24.66 Cr | Satisfied | |
| 11 Feb 2015 | 10581655 | Yes Bank Limited | ₹15.67 Cr | Satisfied | |
| 06 Feb 2014 | 10483570 | Bank of India | ₹50 Lakh | Satisfied |
To see the full charge records of Trues Steels Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Trues Steels Private Limited has 7 court cases on record: 4 filed by Trues Steels, 3 filed against it. All cases are disposed.
Total cases
7
Filed by the company
4
Filed against the company
3
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 4 | 0 | 0 |
| District courts | 3 | 3 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chandigarh | Court case (Rst.A(IBC)) | Filed by the company against M/S Inox Wind Ltd. | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed by the company against M/S Inox Wind Ltd. | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed by the company against M/S Inox Wind Ltd. | Disposed |
| District court, Chandigarh | Execution petition | Filed against the company by individuals | Disposed |
| District court, Chandigarh | Execution petition | Filed against the company by an individual | Disposed |
To see the full case history of Trues Steels 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Trues Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Trues Steels Private Limited has a workforce of 177 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
177
Active EPFO establishments
1
Employee growth
-3.28%
GST
Trues Steels has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AACCT8595J1ZU | Chandigarh | Active | 01 Jul 2017 |
| 03AACCT8595J1ZW | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Trues Steels Private Limited, buy the company report.
Recent activity
Trues Steels Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Ravi Kant was appointed as Director on 25 Feb 2008.
Charges
A charge with Others of Rs. 23.32 Cr registered on 07 Feb 2022 with Charge ID 100540155 was modified on 08 Oct 2025.
AGM
Trues Steels Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1.33 Cr with Charge ID 101101454 was registered on 14 May 2025.
Filing
Trues Steels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge registered on 22 Nov 2019 via Charge ID 100308328 with Hdfc Bank Limited was fully satisfied on 07 Apr 2022.
Charges
A charge with Others amounted to Rs. 23.32 Cr with Charge ID 100540155 was registered on 07 Feb 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 24.66 Cr registered on 22 Nov 2019 with Charge ID 100308328 was modified on 28 Dec 2021.
Charges
A charge registered on 11 Feb 2015 via Charge ID 10581655 with Yes Bank Limited was fully satisfied on 03 Sep 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 24.66 Cr with Charge ID 100308328 was registered on 22 Nov 2019.
Charges
A charge with Yes Bank Limited of Rs. 15.67 Cr registered on 11 Feb 2015 with Charge ID 10581655 was modified on 28 Mar 2019.
Charges
A charge registered on 06 Feb 2014 via Charge ID 10483570 with Bank Of India was fully satisfied on 03 Aug 2015.
Charges
A charge registered on 26 Nov 2012 via Charge ID 10388851 with Bank Of India was fully satisfied on 03 Aug 2015.
9 earlier events are in the company report.
Frequently asked questions
Trues Steels is an active private limited company based in Chandigarh, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 25 February 2008 (18+ years old) and is registered under CIN U27106CH2008PTC031101.
Trues Steels has 2 current directors:
- Ravi Kant - Director
- Vikas Mangla - Director
The latest financial statements of Trues Steels 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 Trues Steels is 04AACCT8595J1ZU, registered in Chandigarh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 03AACCT8595J1ZW (Punjab).
The CIN (Corporate Identification Number) of Trues Steels is U27106CH2008PTC031101. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Trues Steels has 7 court cases on record: 4 filed by the company and 3 filed against it. Most are in the nclt.
Trues Steels was incorporated on 25 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Trues Steels by revenue are Radix Arc Private Limited, Panchal Engineers (India) Private Limited, Neat Wind Industries Limited, Accura Weldrods Kovai Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers, Tools and Components), with the same principal business activity (metal and metal products).
Ravi Kant was appointed as Director on 25 Feb 2008. Vikas Mangla was appointed as Director on 25 Feb 2008.
Yes, Trues Steels is registered as a medium enterprise under Udyam registration (number: UDYAM-PB-17-0000969).
Trues Steels can be reached through the website tsplchd.com. Its registered office is in Chandigarh, India.
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