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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Email*****@*****.com
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Telephone+91-****-******
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Website**************
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Social Media**************
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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
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 | ********* |
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 | blur-value | blur-value | blur-value |
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 7 Months | As last reported |
| Deepak Nirvan | Director | 22 Feb 2021 | 5 Years 4 Months | As last reported |
| Sudeep Guarishankar Hansaria | Additional Director | 04 Feb 2020 | 6 Years 5 Months | As last reported |
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Megha Agrawal
Also directs:
Truenex Absolute Insolvency Resolutions Llp
|
Irp/Rp/Liquidator | 14 May 2024 | 2 Years 1 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% YoY) for FY 2019. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of Truevalue Engineering Private Limited
As of FY 2019, Truevalue Engineering Private Limited's shareholding pattern shows 100.00% by promoters. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
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 Count & EPFO Data of Truevalue Engineering Private Limited
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GST Compliance of Truevalue Engineering Private Limited
GSTIN & GST Filing Data of Truevalue Engineering Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Truevalue Engineering Private Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Truevalue Engineering Private Limited
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MSME Payment Delays by Truevalue Engineering Private Limited
MSME Payment Delays by Truevalue Engineering Private Limited
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Subsidiaries & Group Companies of Truevalue Engineering Private Limited
Subsidiaries & Group Companies of Truevalue Engineering Private Limited
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MCA Filings & Documents of Truevalue Engineering Private Limited
MCA Filings & Documents of Truevalue Engineering Private Limited
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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:
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.