Credence Analytics (India) Private Limited

Provides software solutions and IT services for financial institutions worldwide.

1999 | Mumbai, Maharashtra (India) | Active
Last Updated: January 23, 2025

Credence Analytics (India) Profile

Key Indicators

  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 1.58 M
  • Company Age 25 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 5.97 Cr
  • Satisfied Charges ₹ 2.70 Cr
  • Revenue Growth -1.14%
  • Profit Growth -95.85%
  • Ebitda -94.91%
  • Net Worth -52.99%
  • Total Assets -45.16%

About Credence Analytics (India)

Credence Analytics (India) Private Limited (CAIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 25 October 1999 and has a history of 25 years and three months. Its registered office is in Mumbai, Maharashtra, 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 2024. It's a company limited by shares with an authorized capital of Rs 2.50 M and a paid-up capital of Rs 1.58 M.

The company currently has active open charges totaling ₹5.97 Cr. The company has closed loans amounting to ₹2.70 Cr, as per Ministry of Corporate Affairs (MCA) records.

Karunakaran Chettiar, Vijaya Avadhanam, and Vivek Sinha serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U73100MH1999PTC122358

  • Company No.

    122358

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    25 Oct 1999

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Information Technology

What products or services does Credence Analytics (India) Private Limited offer?

Credence Analytics (India) Private Limited offers a wide range of products and services, including Corporate Finance & Leasing Advisors, Fund Management Services.

Who are the key members and board of directors at Credence Analytics (India)?

Executive Team (1)

Name Designation Appointment Date Status
Vijaya Avadhanam Country flag representing In Managing Director 25-Oct-1999 Current

Board Members (2)

Name Designation Appointment Date Status
Karunakaran Chettiar Country flag representing In Director 26-Oct-1999 Current
Vivek Sinha Country flag representing Us Director 25-Oct-1999 Current

Financial Performance of Credence Analytics (India).

Credence Analytics (India) Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 1.14% decrease. The company also saw a substantial fall in profitability, with a 95.85% decrease in profit. The company's net worth observed a substantial decline by a decrease of 52.99%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
-1.14%
Revenue from Operations
-7.65%
Total Assets
-45.16%
Profit or Loss
-95.85%
Net Worth
-52.99%
EBITDA
-94.91%

What is the Ownership and Shareholding Structure of Credence Analytics (India)?

In 2023, Credence Analytics (India) had a public holding of 4.30%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹59.67 M

Satisfied Charges

₹27.00 M

Charges Breakdown by Lending Institutions

  • State Bank Of India : 5.37 Cr
  • State Bank Of Mysore : 0.60 Cr

Latest Charge Details

Date Lender Amount Status
22 Nov 2017 State Bank Of India ₹2.50 Cr Open
12 Jul 2017 State Bank Of India ₹2.87 Cr Open
22 Aug 2007 State Bank Of Mysore ₹5.97 M Open
14 Jul 2015 Hdfc Bank Limited ₹2.50 Cr Satisfied
16 Jul 2014 State Bank Of Mysore ₹2.00 M Satisfied

How Many Employees Work at Credence Analytics (India)?

Credence Analytics (India) has a workforce of 133 employees as of Apr 06, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Credence Analytics (India), 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 Credence Analytics (India)'s trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Credence Analytics (India)

Recent activity within the organization

  • Annual General Meeting

    Credence Analytics (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Credence Analytics (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Charges

    A charge with State Bank Of India of Rs. 28.70 M registered on 12 Jul 2017 with Charge ID 100130756 was modified on 29 May 2020.

    29 May 2020

  • Charges

    A charge with State Bank Of India amounted to Rs. 25.00 M with Charge ID 100149032 was registered on 22 Nov 2017.

    22 Nov 2017

  • Charges

    A charge registered on 14 Jul 2015 via Charge ID 10582404 with Hdfc Bank Limited was fully satisfied on 28 Jul 2017.

    28 Jul 2017

  • Charges

    A charge with State Bank Of India amounted to Rs. 28.70 M with Charge ID 100130756 was registered on 12 Jul 2017.

    12 Jul 2017

Frequently asked questions

  • Credence Analytics (India) Private Limited was incorporated on 25 Oct 1999.

  • The authorized share capital of Credence Analytics (India) Private Limited is ₹ 2.50 M and paid-up capital is ₹ 1.58 M.

  • Currently 3 directors are associated with Credence Analytics (India) Private Limited.

    • Karunakaran Guruprasad Chettiar
    • Vijaya Simha Vidyasagar Avadhanam
    • Vivek Sinha
  • As per Ministry of Corporate Affairs (Mca), the registered address of Credence Analytics (India) Private Limited is 604 6Th Floor B Wing Eureka Tower Mindspace Off Link Road, (W) India, Malad, Maharashtra, 400064.

  • The corporate identification number (CIN) of Credence Analytics (India) Private Limited is U73100MH1999PTC122358 and the company number is 122358 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Credence Analytics (India) Private Limited is https://www.credenceanalytics.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Credence Analytics (India) Private Limited has fallen by -1.14%.

  • As Per 2023 financial reports, 133 employees are currently employed by Credence Analytics (India) Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Credence Analytics (India) Private Limited has experienced an downturn of -52.99%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Credence Analytics (India) Private Limited amount to ₹ 5.97 Cr.

  • The most recent Balance Sheet for Credence Analytics (India) Private Limited was filed with the ROC on 31 Mar 2024.