Credo Advanced Chemicals Limited

Offers mines and minerals services, financial activities, part of Credo Group.

1995 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Credo Advanced Chemicals Profile

Key Indicators

  • Authorised Capital ₹ 80.50 Cr
  • Paid Up Capital ₹ 75.00 Cr
  • Company Age 29 Year, 8 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 eight 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

Metals and Minerals
Financial Services

Who are the key members and board of directors at Credo Advanced Chemicals?

Executive Team (3)

NameDesignationAppointment DateStatus
Naman Patel Country flag representing In Managing Director01-Apr-2016Current
Krunal Shah Country flag representing In CFO24-Feb-2018Current
Kirtesh Shah Country flag representing In Company Secretary01-Feb-2022Current

Board Members (7)

NameDesignationAppointment DateStatus
Rajiv Gandhi Country flag representing In Director 17-Aug-2023Current
Anand Patel Country flag representing In Director 01-Apr-2016Current
Meena Ambani Country flag representing In Director 17-Aug-2023Current
Rakesh Shah Country flag representing In Whole-Time Director 16-Sep-2009Current
Atishe Chordia Country flag representing In Director 17-Aug-2023Current
Rushil Tamboli Country flag representing In Director 17-Aug-2023Current

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%.

Credo Advanced Chemicals revenue growth over time
Credo Advanced Chemicals 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
52.88%
Revenue from Operations
38.04%
Total Assets
0.55%
Profit or Loss
-10.61%
Net Worth
0.02%
EBITDA
-39.17%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹338.55 Cr

Satisfied Charges

₹160.20 Cr

Charges Breakdown by Lending Institutions

  • Others : 294.55 Cr
  • Hdfc Bank Limited : 44.00 Cr

Latest Charge Details

DateLenderAmountStatus
06 Oct 2023Hdfc Bank Limited₹40.82 CrOpen
29 Jul 2020Others₹1.60 CrOpen
17 Jul 2019Hdfc Bank Limited₹1.06 CrOpen
16 Apr 2019Others₹80.45 CrOpen
19 Feb 2019Hdfc Bank Limited₹3.78 MOpen

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.

Employee growth trends for Credo Advanced Chemicals Limited

Deals i

Graph showing company valuation over time

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

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 Credo Advanced Chemicals

Recent activity within the organization

  • Annual General Meeting

    Credo Advanced Chemicals Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Director Appointment

    Pramathesh Ushakant Desai was appointed as a Director was appointed as a Director on 25 Jul 2024 & has been associated with this company since 7 months 17 days .

  • Balance Sheet

    Credo Advanced Chemicals Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Charges

    A charge with Others of Rs. 80.45 Cr registered on 16 Apr 2019 with Charge ID 100258972 was modified on 07 Mar 2024.

  • Charges

    A charge with Others of Rs. 212.50 Cr registered on 05 Aug 2017 with Charge ID 100124713 was modified on 07 Mar 2024.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 40.82 Cr with Charge ID 100804746 was registered on 06 Oct 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Credo Advanced Chemicals Limited?

    Credo Advanced Chemicals Limited was incorporated on 23 Jun 1995.

  • What is authorized share capital and paid-up capital of Credo Advanced Chemicals Limited?

    The authorized share capital of Credo Advanced Chemicals Limited is ₹ 80.50 Cr and paid-up capital is ₹ 75.00 Cr.

  • Who are the current board members & directors of Credo Advanced Chemicals Limited?

    Currently 10 directors are associated with Credo Advanced Chemicals Limited.

    • Anand Anilbhai Patel
    • Meena Ramniklal Ambani
    • Rajiv Dinesh Gandhi
    • Rakesh Sukhraj Shah
    • Atishe Chordia
    • Naman Madhav Patel
    • Rushil Chetanbhai Tamboli
    • Pramathesh Ushakant Desai
    • Krunal Rasiklal Shah
    • Kirtesh Tasvinchandra Shah

  • What is the registered address of Credo Advanced Chemicals Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Credo Advanced Chemicals Limited is 305 Third Floor Eye One Opp. Honest Restaurant Near Panchvati Five Roads C . G. Road, India, Ahmedabad, Gujarat, 380006.

  • What is the corporate identification number (CIN) and company number of Credo Advanced Chemicals Limited?

    The corporate identification number (CIN) of Credo Advanced Chemicals Limited is U20119GJ1995PLC064782 and the company number is 064782 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Credo Advanced Chemicals Limited?

    The Official website of Credo Advanced Chemicals Limited is https://www.credo.co.in

  • What has been the recent revenue trend for Credo Advanced Chemicals Limited?

    According to the financial reports for the fiscal year 2021, the revenue trend for Credo Advanced Chemicals Limited has risen by 52.88%.

  • How many employees does Credo Advanced Chemicals Limited currently have?

    As Per 2021 financial reports, 14 employees are currently employed by Credo Advanced Chemicals Limited.

  • What change has been observed in the net worth of Credo Advanced Chemicals Limited, and by what percentage?

    The financial reports for the fiscal year 2021 indicates that The net worth of Credo Advanced Chemicals Limited has experienced an upsurge of 0.02%.

  • What are the total open charges for Credo Advanced Chemicals Limited?

    As per the financial statements for fiscal Year 2021, The total open charges for Credo Advanced Chemicals Limited amount to ₹ 338.55 Cr.

  • When was the last Balance Sheet of Credo Advanced Chemicals Limited filed with the ROC?

    The most recent Balance Sheet for Credo Advanced Chemicals Limited was filed with the ROC on 31 Mar 2024.

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