Credence Solar Panels Profile
Key Indicators
- Authorised Capital ₹ 7.50 Cr
- Paid Up Capital ₹ 7.50 Cr
- Company Age 4 Year, 17 Days
- 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 (Four years 17 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
- Location
Rajkot, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U40106GJ2021PTC122303
- Company No.
122303
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
27 Apr 2021
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Energy and Power
Credence Solar Panels Private Limited
Explore comprehensive data for Credence Solar Panels Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
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 |
| 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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.
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- Itosa Ceramic Private Limited
Ashvinkumar Boda is a mutual person
- Acurus Edtech Private Limited
Ashvinkumar Boda is a mutual person
- Aculite Polyplast Llp
Umeshbhai Boda is a mutual person
Charges (Loans)
Open Charges
₹92.78 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Credence Solar Panels
Recent activity within the organization
- Charges
A charge with Hdfc Bank Limited of Rs. 21.67 Cr registered on 09 Nov 2023 with Charge ID 100834734 was modified on 06 Dec 2024.
- Charges
A charge with Hdfc Bank Limited of Rs. 70.98 Cr registered on 29 Sep 2023 with Charge ID 100804608 was modified on 06 Dec 2024.
- Annual General Meeting
Credence Solar Panels Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.13 Cr with Charge ID 100955899 was registered on 31 Jul 2024.
- Balance Sheet
Credence Solar Panels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 21.67 Cr with Charge ID 100834734 was registered on 09 Nov 2023.
Frequently asked questions
What is the Incorporation or founding date of Credence Solar Panels Private Limited?
Credence Solar Panels Private Limited was incorporated on 27 Apr 2021.
What is authorized share capital and paid-up capital of Credence Solar Panels Private Limited?
The authorized share capital of Credence Solar Panels Private Limited is ₹ 7.50 Cr and paid-up capital is ₹ 7.50 Cr.
Who are the current board members & directors of Credence Solar Panels Private Limited?
Currently 2 directors are associated with Credence Solar Panels Private Limited.
- Ashvinkumar Chakubhai Boda
- Umeshbhai Chakubhai Boda
What is the registered address of Credence Solar Panels Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Credence Solar Panels Private Limited is Somnath Society -1 Street No. 5 B/H Akshar Appartment, 150 Feet Ring Road India, Rajkot, Gujarat, 360005.
What is the corporate identification number (CIN) and company number of Credence Solar Panels Private Limited?
The corporate identification number (CIN) of Credence Solar Panels Private Limited is U40106GJ2021PTC122303 and the company number is 122303 as per Ministry of Corporate Affairs (MCA).
What is the official website of Credence Solar Panels Private Limited?
The Official website of Credence Solar Panels Private Limited is https://www.credencesolar.com
What has been the recent revenue trend for Credence Solar Panels Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Credence Solar Panels Private Limited has risen by 411249.05%.
How many employees does Credence Solar Panels Private Limited currently have?
As Per 2023 financial reports, 43 employees are currently employed by Credence Solar Panels Private Limited.
What change has been observed in the net worth of Credence Solar Panels Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Credence Solar Panels Private Limited has experienced an upsurge of 0.56%.
What are the total open charges for Credence Solar Panels Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Credence Solar Panels Private Limited amount to ₹ 92.78 Cr.
When was the last Balance Sheet of Credence Solar Panels Private Limited filed with the ROC?
The most recent Balance Sheet for Credence Solar Panels Private Limited was filed with the ROC on 31 Mar 2024.
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