Credo Advanced Chemicals Profile
Key Indicators
- Authorised Capital ₹ 80.50 Cr
- Paid Up Capital ₹ 75.00 Cr
- Company Age 29 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 338.55 Cr
- Satisfied Charges ₹ 160.20 Cr
- Revenue Growth 52.88%
- Profit Growth -10.61%
- Ebitda -39.17%
- Net Worth 0.02%
- Total Assets 0.55%
About Credo Advanced Chemicals
Credo Advanced Chemicals Limited (CACL) is a Public Limited Indian Non-Government Company incorporated in India on 23 June 1995 and has a history of 29 years and seven months. Its registered office is in Ahmedabad, Gujarat, India.
The Corporate was formerly known as Credo Venture Limited. The Company is engaged in the Metals And Minerals 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 80.50 Cr and a paid-up capital of Rs 75.00 Cr.
The company currently has active open charges totaling ₹338.55 Cr. The company has closed loans amounting to ₹160.20 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Credo Advanced Chemicals Limited India are Krunal Shah as CFO and Kirtesh Shah as Company Secretary. Anand Patel, Meena Ambani, Rajiv Gandhi, and Five other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U20119GJ1995PLC064782
- Company No.
064782
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
23 Jun 1995
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at Credo Advanced Chemicals?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Naman Patel  | Managing Director | 01-Apr-2016 | Current |
| Krunal Shah | CFO | 24-Feb-2018 | Current |
| Kirtesh Shah | Company Secretary | 01-Feb-2022 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rajiv Gandhi | Director | 17-Aug-2023 | Current |
| Anand Patel | Director | 01-Apr-2016 | Current |
| Meena Ambani | Director | 17-Aug-2023 | Current |
| Rakesh Shah | Whole-Time Director | 16-Sep-2009 | Current |
| Atishe Chordia | Director | 17-Aug-2023 | Current |
| Rushil Tamboli | Director | 17-Aug-2023 | Current |
Financial Performance of Credo Advanced Chemicals.
Credo Advanced Chemicals Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 52.88% increase. The company also saw a substantial fall in profitability, with a 10.61% decrease in profit. The company's net worth moved up by a moderate rise of 0.02%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Credo Advanced Chemicals?
In 2021, Credo Advanced Chemicals had a promoter holding of 60.97% and a public holding of 39.04%. The company had 3 Subsidiaries and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Omkareshwar Mines & Minerals Private LimitedNaman Patel is a mutual person
Hester Diagnostics Private LimitedRajiv Gandhi is a mutual person
Gujarat Credo Mineral Industries LimitedAnand Patel, Rakesh Shah and 1 more are mutual person
Gujarat Credo Alumina Chemicals LimitedAnand Patel, Meena Ambani and 6 more are mutual person
Steelcast LimitedRajiv Gandhi and Rushil Tamboli are mutual person
Doodleblue Innovations Private LimitedAtishe Chordia is a mutual person
Charges (Loans)
₹338.55 Cr
₹160.20 Cr
Charges Breakdown by Lending Institutions
- Others : 294.55 Cr
- Hdfc Bank Limited : 44.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Oct 2023 | Hdfc Bank Limited | ₹40.82 Cr | Open |
| 29 Jul 2020 | Others | ₹1.60 Cr | Open |
| 17 Jul 2019 | Hdfc Bank Limited | ₹1.06 Cr | Open |
| 16 Apr 2019 | Others | ₹80.45 Cr | Open |
| 19 Feb 2019 | Hdfc Bank Limited | ₹3.78 M | Open |
How Many Employees Work at Credo Advanced Chemicals?
Credo Advanced Chemicals has a workforce of 14 employees as of Mar 28, 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 Credo Advanced Chemicals, 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 Credo Advanced Chemicals'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.
