Truevalue Engineering Private Limited
About Truevalue Engineering Private Limited
Data last updated: 23 July 2025
Truevalue Engineering Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in chemical distribution and retail, a part of the broader chemicals and materials sector. Incorporated on 09 December 1999, the company has been in operation for over 27 years.
Registered with ROC Mumbai under CIN U74210MH1999PTC122998.
Capital: an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.49 Cr. It is led by directors including Rajendrakumar Nandlal Choudhary and Deepak Nirvan.
Last AGM: 30 September 2019. Financial statements filed for year ended 31 March 2019. Office: 203 Loha Bhavancarna Bunder Masjid, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2019, the company reported a revenue of ₹158.79 Cr, a decline of 7% compared to the previous year.
As per MCA filings, the company has open charges of ₹40.55 Cr and satisfied charges of ₹40.55 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments.
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Registered Address203 Loha Bhavancarna Bunder Masjid, Mumbai, Maharashtra, India – 400001
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IndustryChemicals and Materials, Chemical Distribution & Retail
- Historical Financials and ratios
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Business Activity of Truevalue Engineering Private Limited
Truevalue Engineering Private Limited is engaged in the principal business activity of trade, with detailed activities including wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details for Truevalue Engineering Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
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Auditor Details of Truevalue Engineering Private Limited
Truevalue Engineering Private Limited is audited by HANSARIA SHAH S & ASSOCIATES for the financial year 2019. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HANSARIA SHAH S & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Truevalue Engineering Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Truevalue Engineering Private Limited
Truevalue Engineering Private Limited is currently managed by 4 directors, with 3 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendrakumar Nandlal Choudhary | Director | 09 Dec 1999 | 26 Years 9 Months | As last reported |
| Deepak Nirvan | Director | 22 Feb 2021 | 5 Years 6 Months | As last reported |
| Sudeep Guarishankar Hansaria | Additional Director | 04 Feb 2020 | 6 Years 7 Months | As last reported |
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Megha Agrawal
Also directs:
Truenex Absolute Insolvency Resolutions Llp
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Irp/Rp/Liquidator | 14 May 2024 | 2 Years 3 Months | As last reported |
Financials of Truevalue Engineering Private Limited FY 2019 filings available
Truevalue Engineering Private Limited reported revenue of ₹158.79 Cr (down 7.00% YoY) for FY 2019.
Ten-year financial statements for Truevalue Engineering Private Limited
Historical statement values and trend charts require an active report plan.
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Ownership and Shareholding of Truevalue Engineering Private Limited
Shareholding and ownership data for Truevalue Engineering Private Limited
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Charges & Borrowings of Truevalue Engineering Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Nov 2010 | State Bank of India | ₹40.55 Cr | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Truevalue Engineering Private Limited
View historical data on people associated with Truevalue Engineering Private Limited, including employment history and EPFO contributions.
Employee and EPFO history for Truevalue Engineering Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Truevalue Engineering Private Limited
GST registrations and filing compliance for Truevalue Engineering Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Truevalue Engineering Private Limited
Credit ratings, litigation, and regulatory alerts for Truevalue Engineering Private Limited
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- Court and tribunal cases
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MSME Payment Delays by Truevalue Engineering Private Limited
MSME payment history for Truevalue Engineering Private Limited
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Subsidiaries & Group Companies of Truevalue Engineering Private Limited
Corporate group structure for Truevalue Engineering Private Limited
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MCA Filings & Documents of Truevalue Engineering Private Limited
MCA filings and documents for Truevalue Engineering Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
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- Annual returns and statements
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Recent Activity on Truevalue Engineering Private Limited
Frequently Asked Questions about Truevalue Engineering Private Limited
Truevalue Engineering Private Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Truevalue Engineering Private Limited is a company under insolvency, formerly operating as a private limited company in the chemicals and materials sector based in Mumbai, Maharashtra, India. It was incorporated on 09 December 1999 and is registered under CIN U74210MH1999PTC122998. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Truevalue Engineering Private Limited reported revenue of ₹158.79 Cr for FY 2019 (down 7.00% YoY).
The current directors of Truevalue Engineering Private Limited are:
- Rajendrakumar Nandlal Choudhary - Director
- Deepak Nirvan - Director
- Sudeep Guarishankar Hansaria - Additional Director
- Megha Agrawal - Irp/Rp/Liquidator
The CIN (Corporate Identification Number) of Truevalue Engineering Private Limited is U74210MH1999PTC122998. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Truevalue Engineering Private Limited has open charges of ₹40.55 Cr and satisfied charges of ₹40.55 Cr as per latest MCA filings.