Credavenue Profile
Key Indicators
- Authorised Capital ₹ 243.50 Cr
- Paid Up Capital ₹ 215.77 Cr
- Company Age 4 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 83.75 Cr
- Satisfied Charges ₹ 56.00 Cr
- Revenue Growth -33.05%
- Profit Growth -687.22%
- Ebitda -1450.24%
- Net Worth -17.56%
- Total Assets -10.06%
About Credavenue
Credavenue Private Limited (CPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 21 August 2020 (Four years and six months 14 days old ). Its registered office is in Chennai, Tamil Nadu, India.
The Company is engaged in the Information Technology Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 243.50 Cr and a paid-up capital of Rs 215.77 Cr.
The company currently has active open charges totaling ₹83.75 Cr. The company has closed loans amounting to ₹56.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Credavenue Private Limited India is Sanjutha Dhanasekar as COMPANY SECRETARY. Gopal Srinivasan, Anil Mehta, Kartik Srivatsa, and Seven other members serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U72900TN2020PTC137251
- Company No.
137251
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
21 Aug 2020
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Information Technology
What products or services does Credavenue Private Limited offer?
Credavenue Private Limited offers a wide range of products and services, including Home, Auto & Other Loan Services, Loan Service Providers, Business Loan, Corporate Finance & Leasing Advisors, Financial Service.
Who are the key members and board of directors at Credavenue?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kumar Gaurav  | Managing Director | 21-Aug-2020 | Current |
| Sanjutha Dhanasekar | Company Secretary | 25-Aug-2021 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vineet Sukumar | Director | 21-Aug-2020 | Current |
| Sakshi Chopra | Director | 30-Sep-2021 | Current |
Nikhil Sachdev  | Director | 06-Mar-2022 | Current |
| Kartik Srivatsa | Director | 30-Sep-2021 | Current |
| John Day | Director | 30-Sep-2021 | Current |
| Gopal Srinivasan | Director | 30-Sep-2021 | Current |
Financial Performance of Credavenue.
Credavenue Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 33.05% decrease. The company also saw a substantial fall in profitability, with a 687.22% decrease in profit. The company's net worth observed a substantial decline by a decrease of 17.56%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Credavenue?
In 2023, Credavenue had a promoter holding of 19.84% and a public holding of 80.16%. The company had 3 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Iit Madras Research ParkGopal Srinivasan is a mutual person
Finnew Solutions Private LimitedKartik Srivatsa is a mutual person
Muthoot Microfin LimitedJohn Day is a mutual person
Desiderata Impact Ventures Private LimitedJohn Day is a mutual person
Credavenue Securities Private LimitedAnup Wadhawan, Vineet Sukumar and 1 more are mutual person
Chennai International CentreGopal Srinivasan is a mutual person
Charges (Loans)
Open Charges
₹83.75 Cr
Satisfied Charges
₹56.00 Cr
Charges Breakdown by Lending Institutions
- Others : 83.75 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Apr 2024 | Others | ₹20.00 Cr | Open |
| 02 Jun 2022 | Others | ₹40.00 Cr | Open |
| 06 Dec 2021 | Others | ₹23.75 Cr | Open |
| 20 Aug 2021 | Others | ₹3.00 Cr | Satisfied |
| 10 Aug 2021 | Others | ₹5.00 Cr | Satisfied |
How Many Employees Work at Credavenue?
Credavenue has a workforce of 676 employees as of Sep 19, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Credavenue, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Credavenue's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Credavenue
Recent activity within the organization
- Charges
A charge with Others of Rs. 20.00 Cr registered on 05 Apr 2024 with Charge ID 100907830 was modified on 24 Jun 2024.
- Director Appointment
Anil Mehta was appointed as a Director was appointed as a Director on 07 Jun 2024 & has been associated with this company since 8 months 27 days .
- Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100907830 was registered on 05 Apr 2024.
- Director Appointment
Anuvrat Jain was appointed as a Director was appointed as a Director on 03 Apr 2024 & has been associated with this company since 11 months 1 day .
- Charges
A charge with Others of Rs. 23.75 Cr registered on 06 Dec 2021 with Charge ID 100517373 was modified on 05 Mar 2024.
- Annual General Meeting
Credavenue Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Recent News, Updates & Announcement
- Yubi Group Launches Aspero, Democratizing Fixed Income Securities for Retail Investors in India | Mint.
Aspero, a SEBI-registered OBP, offers an easy-to-use, fast, and secure interface for retail investors and wealth partners..
Frequently asked questions
What is the Incorporation or founding date of Credavenue Private Limited?
Credavenue Private Limited was incorporated on 21 Aug 2020.
What is authorized share capital and paid-up capital of Credavenue Private Limited?
The authorized share capital of Credavenue Private Limited is ₹ 243.50 Cr and paid-up capital is ₹ 215.77 Cr.
Who are the current board members & directors of Credavenue Private Limited?
Currently 11 directors are associated with Credavenue Private Limited.
- Gopal Srinivasan
- Anil Mehta
- Kartik Srivatsa
- Anup Wadhawan
- Vineet Sukumar
- Sakshi Vijay Chopra
- John Tyler Day
- Kumar Gaurav
- Nikhil Sachdev
- Anuvrat Jain
- Sanjutha Dhanasekar
What is the registered address of Credavenue Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Credavenue Private Limited is 12Th Floor Prestige Polygon No. 471 Annasalai, Nandanam India, Chennai, Tamil Nadu, 600035.
What is the corporate identification number (CIN) and company number of Credavenue Private Limited?
The corporate identification number (CIN) of Credavenue Private Limited is U72900TN2020PTC137251 and the company number is 137251 as per Ministry of Corporate Affairs (MCA).
What is the official website of Credavenue Private Limited?
The Official website of Credavenue Private Limited is https://www.go-yubi.com
What has been the recent revenue trend for Credavenue Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Credavenue Private Limited has fallen by -33.05%.
How many employees does Credavenue Private Limited currently have?
As Per 2023 financial reports, 676 employees are currently employed by Credavenue Private Limited.
What change has been observed in the net worth of Credavenue Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Credavenue Private Limited has experienced an downturn of -17.56%.
What are the total open charges for Credavenue Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Credavenue Private Limited amount to ₹ 83.75 Cr.
When was the last Balance Sheet of Credavenue Private Limited filed with the ROC?
The most recent Balance Sheet for Credavenue Private Limited was filed with the ROC on 31 Mar 2023.
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