Twin-twin transfusion syndrome (TTTS) is one of the most serious complications of monochorionic multiple gestations in which the receipient twin becomes plethoric while the donor twin becomes anaemic. We report the case of the 1st of a set of male twins who presented on the 2nd day of life with excessive ruddiness of the whole body noted at birth and yellowness of the eyes and face noted on the 2nd day of life. Given the comparative clinicolaboratory findings, a diagnosis of neonatal polycythemia secondary to twin to twin transfusion syndrome was made. Post partial exchange blood transfusion (PET) recovery was remarkable. This report was made because of its rarity and to raise the index of suspicion for such cases to enable proper evaluation and management.