Credence Solar Panels Profile
Key Indicators
- Authorised Capital ₹ 7.50 Cr
- Paid Up Capital ₹ 7.50 Cr
- Company Age 3 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 92.78 Cr
- Satisfied Charges ₹ 25.22 Cr
- Revenue Growth 411249.05%
- Profit Growth 738.64%
- Ebitda 126772.79%
- Net Worth 0.56%
- Total Assets 85.70%
About Credence Solar Panels
Credence Solar Panels Private Limited (CSPPL) is a Private Limited Indian Non-Government Company incorporated in India on 27 April 2021 (Three years and nine months 7 days old ). Its registered office is in Rajkot, Gujarat, India.
The Company is engaged in the Energy And Power 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 7.50 Cr and a paid-up capital of Rs 7.50 Cr.
The company currently has active open charges totaling ₹92.78 Cr. The company has closed loans amounting to ₹25.22 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ashvinkumar Boda and Umeshbhai Boda serve as directors at the Company.
Company Details
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Location
Rajkot, Gujarat, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U40106GJ2021PTC122303
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Company No.
122303
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
27 Apr 2021
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at Credence Solar Panels?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ashvinkumar Boda
|
Director | 27-Apr-2021 | Current |
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Umeshbhai Boda
|
Director | 27-Apr-2021 | Current |
Financial Performance of Credence Solar Panels.
Credence Solar Panels Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 411249.05% increase. The company also saw a substantial improvement in profitability, with a 738.64% increase in profit. The company's net worth moved up by a moderate rise of 0.56%.
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What is the Ownership and Shareholding Structure of Credence Solar Panels?
In 2023, Credence Solar Panels had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Texon Fabrics Private LimitedAshvinkumar Boda and Umeshbhai Boda are mutual person
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Deepjyot Engineers Private LimitedAshvinkumar Boda and Umeshbhai Boda are mutual person
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Texon Packaging Private LimitedAshvinkumar Boda is a mutual person
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Itosa Ceramic Private Limited
Ashvinkumar Boda is a mutual person
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Acurus Edtech Private Limited
Ashvinkumar Boda is a mutual person
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Aculite Polyplast Llp
Umeshbhai Boda is a mutual person
Charges (Loans)
₹92.78 Cr
₹25.22 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 92.78 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jul 2024 | Hdfc Bank Limited | ₹1.30 M | Open |
| 09 Nov 2023 | Hdfc Bank Limited | ₹21.67 Cr | Open |
| 29 Sep 2023 | Hdfc Bank Limited | ₹70.98 Cr | Open |
| 08 Dec 2021 | Others | ₹25.22 Cr | Satisfied |
How Many Employees Work at Credence Solar Panels?
Credence Solar Panels has a workforce of 43 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Credence Solar Panels, 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 Solar Panels'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.