Truevalue Engineering Private Limited
About Truevalue Engineering Private Limited
Data last updated:
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 operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 09 December 1999.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74210MH1999PTC122998. Its GSTIN is 27AABCT3845J1Z4 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has 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.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 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. For the same year it recorded a net loss of ₹1.42 Cr (net margin -0.9%) and EBITDA of ₹1.95 Cr (EBITDA margin 1.2%).
As per MCA filings, the company has open charges of ₹40.55 Cr and satisfied charges of ₹40.55 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it. The company has 1 deal on record (1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2012. Its 5 peer companies in the Metals and Minerals industry (Chemical Retail and Distribution, Metal Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 4 smaller; the largest is Wrinkle Distributors Private Limited with revenue of ₹159.14 Cr.
Company details
Contact details
Truevalue Engineering Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address203 Loha Bhavancarna Bunder Masjid, Mumbai, Maharashtra, India – 400001
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Truevalue Engineering Private Limited, buy the company report.
- 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
Business activity
The main business activity of Truevalue Engineering is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Truevalue Engineering Private Limited, buy the company report.
Financials of Truevalue Engineering Private Limited
FY 2019 filings availableTruevalue Engineering Private Limited reported revenue of ₹158.79 Cr (down 7% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year. EBITDA fell 41% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹158.79 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.42 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.2% | ||||
| Net Profit Margin | -0.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Truevalue Engineering Private Limited, buy the company report.
Board of directors of Truevalue Engineering Private Limited
Truevalue Engineering has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendrakumar Nandlal Choudhary | Director | 09 Dec 1999 | 26 Years 10 Months | As last reported |
| Deepak Nirvan | Director | 22 Feb 2021 | 5 Years 8 Months | As last reported |
| Sudeep Guarishankar Hansaria | Additional Director | 04 Feb 2020 | 6 Years 8 Months | As last reported |
| Megha Agrawal Also directs: Truenex Absolute Insolvency Resolutions LLP | Irp/Rp/Liquidator | 14 May 2024 | 2 Years 5 Months | As last reported |
Peer comparison
Truevalue Engineering Private Limited is compared with the 5 companies closest to it by revenue in the Metals and Minerals industry (Chemical Retail and Distribution, Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wrinkle Distributors Private Limited | ₹159.14 Cr (FY 2025) | -4.0% | Kolkata, West Bengal, India | |||
| Truevalue Engineering Private Limitedthis company | ₹158.79 Cr (FY 2019) | -₹1.42 Cr | -0.9% | -7.0% | Mumbai, Maharashtra, India | |
| Sheetal Ispat Private Limited | ₹158.58 Cr (FY 2025) | -10.0% | Hyderabad, Telangana, India | |||
| Nis Marketing Private Limited | ₹157.82 Cr (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| Sumangal Petrochemicals Private Limited | ₹157.57 Cr (FY 2025) | 14.0% | Sangli, Maharashtra, India | |||
| SPB Tradelink Private Limited | ₹157.53 Cr (FY 2024) | -33.0% | Delhi, India |
To see the full peer comparison of Truevalue Engineering Private Limited, buy the company report.
Auditor
Truevalue Engineering Private Limited is audited by HANSARIA SHAH S & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HANSARIA SHAH S & ASSOCIATES | FY 2019 | 115058W |
Shareholding
The shareholding of Truevalue Engineering Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Truevalue Engineering Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Nov 2010 | 10261134 | State Bank of India | ₹40.55 Cr | Satisfied |
To see the full charge records of Truevalue Engineering Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Truevalue Engineering Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2012.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Funding round | ₹2 Cr | Investors: Panama Overseas Private Limited , Elpee Corporate Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Truevalue Engineering Private Limited has 5 court cases on record: 2 filed by Truevalue Engineering, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed by the company against Blue Blends India Ltd and 5 others | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Excel Metal Processors Pvt. Ltd. and 2 Others and 2 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed against the company by an individual | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by M/S.Shakti International Pvt. Ltd. | Disposed |
To see the full case history of Truevalue Engineering 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.
Credit ratings & regulatory alerts
Truevalue Engineering Private Limited was last rated by Icra on 28 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 28 Jan 2022 |
To see the full credit ratings and regulatory alerts of Truevalue Engineering Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Truevalue Engineering Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Truevalue Engineering has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCT3845J1Z4 | Maharashtra | Active | 01 Jul 2017 |
| 08AABCT3845J1Z4 | Rajasthan | Active | 06 Feb 2018 |
To see the full GST registrations and return filing status of Truevalue Engineering Private Limited, buy the company report.
Recent activity
Truevalue Engineering Private Limited has 7 board changes on record since 1999: 4 appointments and 3 cessations. The latest: Megha Agrawal was appointed as Irp/Rp/Liquidator on 14 May 2024.
1 earlier event is in the company report.
Frequently asked questions
Truevalue Engineering 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 is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. 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 has 4 current directors:
- Rajendrakumar Nandlal Choudhary - Director
- Deepak Nirvan - Director
- Sudeep Guarishankar Hansaria - Additional Director
- Megha Agrawal - Irp/Rp/Liquidator
The latest financial statements of Truevalue Engineering on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Truevalue Engineering 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 has open charges of ₹40.55 Cr and satisfied charges of ₹40.55 Cr as per latest MCA filings.
Truevalue Engineering has 5 court cases on record: 2 filed by the company and 3 filed against it. Most are in the district courts.
Truevalue Engineering was incorporated on 09 December 1999. It is registered with the Registrar of Companies, Mumbai.
Truevalue Engineering has 1 deal on record (1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2012.
The peers of Truevalue Engineering by revenue are Wrinkle Distributors Private Limited, Sheetal Ispat Private Limited, Nis Marketing Private Limited, Sumangal Petrochemicals Private Limited, SPB Tradelink Private Limited, all in the Metals and Minerals industry (Chemical Retail and Distribution, Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Megha Agrawal was appointed as Irp/Rp/Liquidator on 14 May 2024. Deepak Nirvan was appointed as Director on 22 Feb 2021. Ankit Rajendra Kumar Choudhary ceased to be Director on 05 Feb 2020. Truevalue Engineering has 7 board changes on record in total.