Credence Formulations Private Limited

This company manufactures and distributes pharmaceutical and biotechnology products, with a manufacturing site in Telangana.

2013 | Hyderabad, Telangana (India) | Active
Last Updated:

Credence Formulations Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 5.00 Cr
  • Company Age 11 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth -39.44%
  • Profit Growth -21.13%
  • Ebitda -24.61%
  • Net Worth 136.84%
  • Total Assets -34.96%

About Credence Formulations

Credence Formulations Private Limited (CFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 17 July 2013 and has a history of 11 years and eight months. Its registered office is in Hyderabad, Telangana, India.

The Company is engaged in the Pharma 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 10.00 Cr and a paid-up capital of Rs 5.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Gaddam Nehru, Sai Bhavani, Sravankumar Gone, and Two other members serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U24100TG2013PTC089018

  • Company No.

    089018

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    17 Jul 2013

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Pharma

Who are the key members and board of directors at Credence Formulations?

Board Members (5)

NameDesignationAppointment DateStatus
Sai Bhavani Country flag representing In Director 28-Oct-2017Current
Gaddam Nehru Country flag representing In Director 17-Oct-2016Current
Sravankumar Gone Country flag representing In Additional Director 22-Mar-2021Current
Prashanthi Maramreddy Country flag representing In Additional Director 22-Mar-2021Current
Shravan Yeluvaka Country flag representing In Additional Director 22-Mar-2021Current

Financial Performance of Credence Formulations.

Credence Formulations Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 39.44% decrease. The company also saw a substantial fall in profitability, with a 21.13% decrease in profit. The company's net worth Soared by an impressive increase of 136.84%.

Credence Formulations revenue growth over time
Credence Formulations 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
-39.44%
Revenue from Operations
-39.43%
Total Assets
-34.96%
Profit or Loss
-21.13%
Net Worth
136.84%
EBITDA
-24.61%

What is the Ownership and Shareholding Structure of Credence Formulations?

In 2020, Credence Formulations had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Credence Formulations?

Credence Formulations has a workforce of 2 employees as of Apr 09, 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.

Employee growth trends for Credence Formulations Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Credence Formulations, 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 Formulations'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 Formulations

Recent activity within the organization

  • Annual General Meeting

    Credence Formulations Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Credence Formulations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.

  • Director Appointment

    Sravankumar Reddy Gone was appointed as a Additional Director was appointed as a Additional Director on 22 Mar 2021 & has been associated with this company since 4 years 9 days .

  • Director Appointment

    Prashanthi Reddy Maramreddy was appointed as a Additional Director was appointed as a Additional Director on 22 Mar 2021 & has been associated with this company since 4 years 9 days .

  • Director Appointment

    Shravan Kumar Yeluvaka was appointed as a Additional Director was appointed as a Additional Director on 22 Mar 2021 & has been associated with this company since 4 years 9 days .

  • Director Appointment

    Sai Sevella Bhavani was appointed as a Director was appointed as a Director on 28 Oct 2017 & has been associated with this company since 7 years 5 months .

Frequently asked questions

  • What is the Incorporation or founding date of Credence Formulations Private Limited?

    Credence Formulations Private Limited was incorporated on 17 Jul 2013.

  • What is authorized share capital and paid-up capital of Credence Formulations Private Limited?

    The authorized share capital of Credence Formulations Private Limited is ₹ 10.00 Cr and paid-up capital is ₹ 5.00 Cr.

  • Who are the current board members & directors of Credence Formulations Private Limited?

    Currently 5 directors are associated with Credence Formulations Private Limited.

    • Gaddam Nehru
    • Sai Sevella Bhavani
    • Sravankumar Reddy Gone
    • Prashanthi Reddy Maramreddy
    • Shravan Kumar Yeluvaka

  • What is the registered address of Credence Formulations Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Credence Formulations Private Limited is H.No.1-2-597/20/1 202 Surya Lake View Apartments Baraf Bagh Colony, Domalguda India, Hyderabad, Telangana, 500029.

  • What is the corporate identification number (CIN) and company number of Credence Formulations Private Limited?

    The corporate identification number (CIN) of Credence Formulations Private Limited is U24100TG2013PTC089018 and the company number is 089018 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Credence Formulations Private Limited?

    According to the financial reports for the fiscal year 2020, the revenue trend for Credence Formulations Private Limited has fallen by -39.44%.

  • How many employees does Credence Formulations Private Limited currently have?

    As Per 2020 financial reports, 2 employees are currently employed by Credence Formulations Private Limited.

  • What change has been observed in the net worth of Credence Formulations Private Limited, and by what percentage?

    The financial reports for the fiscal year 2020 indicates that The net worth of Credence Formulations Private Limited has experienced an upsurge of 136.84%.

  • When was the last Balance Sheet of Credence Formulations Private Limited filed with the ROC?

    The most recent Balance Sheet for Credence Formulations Private Limited was filed with the ROC on 31 Mar 2023.

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