TRUVOLT
1 MAbout TRUVOLT
A Comprehensive Overview of Price & Journey
Understanding TRUVOLT Inception and Growth
TRUVOLT ENGINEERING COMPANY’S UNLISTED SHARE
Truvolt Engineering Company Private limited is an unlisted company trading in the private market. Unlike listed companies, valuation and share price of unlisted or pre-IPO companies are determined via negotiation and demand & supply Truvolt Engineering Company Private limited unlisted share.
Investors looking for diversification of their portfolio should carefully analyse Truvolt Engineering Company Private limited’s unlisted share price, valuation and research report for the latest year. This comprehensive report covers of Truvolt Engineering Company Private limited share that answers simple questions of investors such as how to buy unlisted/ pre-IPO shares of Truvolt Engineering Company Private limited, what does Truvolt Engineering Company Private limited do and how Truvolt Engineering Company Private limited performed in the recent years
COMPANY OVERVIEW
Truvolt Engineering Co. Pvt. Ltd. is an Indian engineering and manufacturing company established in 1970, and it has been building transformers ever since. Headquartered in Kolkata, West Bengal, the company designs, manufactures, tests and commissions power transformers, distribution transformers and specialised furnace transformers. Beyond individual equipment, Truvolt provides turnkey substation solutions for industrial customers and power utilities, so clients can rely on one company for the equipment and the complete project around it. Truvolt serves steel, cement, infrastructure, oil and gas, and power distribution businesses. It supplies both domestic and international markets, and its work centres on customised engineering, product reliability and quality assurance.
BUSINESS MODEL
Truvolt follows a business-to-business model, supplying transformers and electrical infrastructure solutions to industrial clients, power utilities and EPC contractors. Each engagement moves through four stages:
- Understanding requirements. The team begins with the customer’s technical specifications and power requirements, so that every solution is shaped around how the equipment will actually be used.
- Engineering and manufacturing. Truvolt designs and manufactures customised transformers to match those specifications, rather than relying on one-size-fits-all products.
- Project execution. For turnkey projects, Truvolt provides complete substation solutions, including installation and commissioning, so customers do not have to coordinate multiple contractors.
- Quality and support. Products are tested before they reach the customer, and technical assistance is available to help clients with their equipment.
PRODUCTS OFFERED
Truvolt offers a diverse portfolio of transformers and electrical infrastructure solutions designed for power distribution, industrial operations and specialised manufacturing processes. Its products are developed to meet different voltage requirements, load conditions and operating environments.
- Distribution Transformers
Distribution transformers bring high voltage down to levels that factories and local electricity networks can use safely. Truvolt’s units serve steel plants, rolling mills and utility networks, where steady and dependable power is essential to daily operations. They are offered in capacities of up to 5 MVA and in 11 kV and 33 kV voltage classes.
- Power Transformers
Power transformers sit at the heart of generating stations, substations and industrial power systems. They step voltage up or down so electricity can be transmitted and distributed efficiently over long distances. Truvolt’s power transformers are available in capacities of up to 36 MVA in the 33 kV class.
- Furnace Duty Transformers
Electric arc, induction and ladle refining furnaces used in steel and metal production place heavy electrical loads on their power supply. Truvolt’s furnace duty transformers are designed to withstand these loads and the demanding conditions of industrial operation. They are available in capacities of up to 30 MVA in the 33 kV class.
- Dry-Type Transformers
Dry-type transformers use air or solid insulation instead of insulating oil. This makes them a good choice for indoor installations where fire safety and reduced maintenance matter most. Truvolt’s range covers 25 kVA to 2.5 MVA, with voltage ratings of up to 12 kV.
- Auto Transformers
Auto transformers are used for voltage regulation in industrial systems and distribution networks. Their design allows efficient voltage adjustment for specific operating conditions. They can also support furnace applications that require controlled voltage output.
- Turnkey Substation Solutions
Truvolt delivers complete substations covering design, equipment supply, erection, testing and commissioning. Projects are executed up to the 132 kV class. With one provider responsible from start to finish, customers can manage their electrical infrastructure projects more simply.
In addition to these products, Truvolt offers customised engineering, testing, installation, commissioning and technical support to meet customer-specific requirements.
REVENUE MODEL
Truvolt earns its revenue mainly through transformer sales, customised engineering and electrical infrastructure projects. The income streams are:
- Transformer sales: Distribution, power, furnace-duty, dry-type and auto transformers.
- Turnkey projects: Complete substation work, covering design, equipment supply, erection and commissioning.
- Customised manufacturing: Transformers designed and built to each customer’s specifications.
- Installation and testing: On-site installation, testing and commissioning services.
- Export sales: Supply of equipment to international customers.
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TRUVOLT ENGINEERING COMPANY’S UNLISTED SHARE
Truvolt Engineering Company Private limited is an unlisted company trading in the private market. Unlike listed companies, valuation and share price of unlisted or pre-IPO companies are determined via negotiation and demand & supply Truvolt Engineering Company Private limited unlisted share.
Investors looking for diversification of their portfolio should carefully analyse Truvolt Engineering Company Private limited’s unlisted share price, valuation and research report for the latest year. This comprehensive report covers of Truvolt Engineering Company Private limited share that answers simple questions of investors such as how to buy unlisted/ pre-IPO shares of Truvolt Engineering Company Private limited, what does Truvolt Engineering Company Private limited do and how Truvolt Engineering Company Private limited performed in the recent years
COMPANY OVERVIEW
Truvolt Engineering Co. Pvt. Ltd. is an Indian engineering and manufacturing company established in 1970, and it has been building transformers ever since. Headquartered in Kolkata, West Bengal, the company designs, manufactures, tests and commissions power transformers, distribution transformers and specialised furnace transformers. Beyond individual equipment, Truvolt provides turnkey substation solutions for industrial customers and power utilities, so clients can rely on one company for the equipment and the complete project around it. Truvolt serves steel, cement, infrastructure, oil and gas, and power distribution businesses. It supplies both domestic and international markets, and its work centres on customised engineering, product reliability and quality assurance.
BUSINESS MODEL
Truvolt follows a business-to-business model, supplying transformers and electrical infrastructure solutions to industrial clients, power utilities and EPC contractors. Each engagement moves through four stages:
- Understanding requirements. The team begins with the customer’s technical specifications and power requirements, so that every solution is shaped around how the equipment will actually be used.
- Engineering and manufacturing. Truvolt designs and manufactures customised transformers to match those specifications, rather than relying on one-size-fits-all products.
- Project execution. For turnkey projects, Truvolt provides complete substation solutions, including installation and commissioning, so customers do not have to coordinate multiple contractors.
- Quality and support. Products are tested before they reach the customer, and technical assistance is available to help clients with their equipment.
PRODUCTS OFFERED
Truvolt offers a diverse portfolio of transformers and electrical infrastructure solutions designed for power distribution, industrial operations and specialised manufacturing processes. Its products are developed to meet different voltage requirements, load conditions and operating environments.
- Distribution Transformers
Distribution transformers bring high voltage down to levels that factories and local electricity networks can use safely. Truvolt’s units serve steel plants, rolling mills and utility networks, where steady and dependable power is essential to daily operations. They are offered in capacities of up to 5 MVA and in 11 kV and 33 kV voltage classes. - Power Transformers
Power transformers sit at the heart of generating stations, substations and industrial power systems. They step voltage up or down so electricity can be transmitted and distributed efficiently over long distances. Truvolt’s power transformers are available in capacities of up to 36 MVA in the 33 kV class. - Furnace Duty Transformers
Electric arc, induction and ladle refining furnaces used in steel and metal production place heavy electrical loads on their power supply. Truvolt’s furnace duty transformers are designed to withstand these loads and the demanding conditions of industrial operation. They are available in capacities of up to 30 MVA in the 33 kV class. - Dry-Type Transformers
Dry-type transformers use air or solid insulation instead of insulating oil. This makes them a good choice for indoor installations where fire safety and reduced maintenance matter most. Truvolt’s range covers 25 kVA to 2.5 MVA, with voltage ratings of up to 12 kV. - Auto Transformers
Auto transformers are used for voltage regulation in industrial systems and distribution networks. Their design allows efficient voltage adjustment for specific operating conditions. They can also support furnace applications that require controlled voltage output. - Turnkey Substation Solutions
Truvolt delivers complete substations covering design, equipment supply, erection, testing and commissioning. Projects are executed up to the 132 kV class. With one provider responsible from start to finish, customers can manage their electrical infrastructure projects more simply.
In addition to these products, Truvolt offers customised engineering, testing, installation, commissioning and technical support to meet customer-specific requirements.
REVENUE MODEL
Truvolt earns its revenue mainly through transformer sales, customised engineering and electrical infrastructure projects. The income streams are:
- Transformer sales: Distribution, power, furnace-duty, dry-type and auto transformers.
- Turnkey projects: Complete substation work, covering design, equipment supply, erection and commissioning.
- Customised manufacturing: Transformers designed and built to each customer’s specifications.
- Installation and testing: On-site installation, testing and commissioning services.
- Export sales: Supply of equipment to international customers.
Fundamentals
Financials
All values are INR Cr except per share value
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
Shareholding Pattern
2026
| Name | Designation | Share % |
|---|---|---|
| Dorni Vinimoy Private Limited | Core Promoter Entity | 59.37% |
| Other | Other | 40.63% |
Events
| Name | Date | Details |
|---|---|---|
| No events available. | ||
Frequently Asked Questions
Like any other financial product or commodity, the price of unlisted shares is discovered at the intersection of demand from buyers and supply from sellers of particular unlisted shares.
The two determinants of price are dynamic factors and keep changing constantly, hence share price tends to fluctuate constantly – every day, every minute.
Upon successful completion of a deal, the unlisted shares are credited electronically directly to your standard demat account that is usually created with CDSL or NSDL (Central Depository Services Limited or National Securities Depository Limited).
The lock-in period of Truvolt varies depending on the category of the investor:
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Venture capital or foreign venture capital investors are subject to lock-in period of 6 months from the date of acquisition of shares
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For AIF investors of Category-II are not subject to any lock-in.
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Any other investor, including retail investors, HNI or corporate investors are subject to a lock-in period of 6 months from the date of listing.
Note – The above-mentioned lock-in is for mainboard, however for SME IPO the applicable lock-in period is 1 Year.
There is no regulatory minimum limit to invest in unlisted shares. However, minimum investment size varies with the per share price. Earlier, the typical investment size often ranges between 70K – 100K, but with the growing awareness and increased participation the investment size has been down sized to 50k.
Short-Term Capital Gain tax is applicable when you sell your unlisted shares within a year from date of acquisition. Realized gain is taxable at your slab rate after consolidating in total income for the year. Hence, the rate of tax depends on your overall income for the particular financial year.
Long-Term Capital Gain taxes are applicable when you sell your unlisted shares after two years from the date of acquisition. LTCG tax is calculated on profits realized on sale of unlisted shares at 12.5%. Investors particularly retail or HNI must understand the concept clearly as it impacts strategy and tax planning.
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You can dowload the NSDL or CDSL application and login into the account and check whether the shares have been credited or not.
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Credit of Unlisted Shares/Pre-IPO shares can be checked in brokers application as well but it takes T+2 days to show the shares.
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You would also get email confirmation of credit of shares via email
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The value of share in unlisted space is determined in the same way as it is done in the listed market. Demand and supply decide the price of any share. If the demand is more than the supply, then the price of the share increases and vice versa.
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When a new share is introduced in the unlisted space, the value of the company is decided upon the last funding raised by the company. If the company hasn’t raised any funding in the past, then the valuation is decided upon the fundamentals of the company.
Yes, investing in unlisted shares is legal in India, the activity is regulated and governed under the rules and guidelines laid by SEBI (Securities and Exchange Board of India). Related parties must comply with the regulations and guidelines to ensure legal and financial standards.
Investing in unlisted shares in India carries a significant and distinctive risk profile such as limited liquidity, lack of transparent pricing and regulatory oversight because unlisted shares do not trade on listed stock exchange, they are bought or sold in OTC (over the counter) market that makes vulnerable to following risks:
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Liquidity risk, unlisted shares are difficult to buy and sell,
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Lack of transparent pricing, as share price of pre-IPO or unl;isted company is often determined by narrative not fundamentals
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Lack of information disclosure, unlisted companies are not mandated for disclosures like listed companies
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Tax ambiguity, because determination of fair market value and cost of acquisition of unlisted shares is often disputed
Hence, investors should carefully examine related facts before investing in Pre-IPO or unlisted shares.