Credence Financial Consultancy Private Limited
About Credence Financial Consultancy Private Limited
Data last updated:
Credence Financial Consultancy Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 19 September 1995.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH1995PTC092844.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8.5 Lakh. It was led by directors Madhu Jaiprakash Agarwal and Jaiprakash Bijaykumar Agarwal.
Its last annual general meeting (AGM) was held on 07 July 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.74 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.48 Lakh (net margin 85.2%) and EBITDA of ₹1.52 Lakh (EBITDA margin 87.6%). Revenue has grown at a compounded annual rate (CAGR) of 6% over five years.
Company details
Contact details
Credence Financial Consultancy Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No.2 2nd Floor Shah Trade Centre Rani Sati Marg Near W.E Highway Malad (, East), Mumbai, Maharashtra, India – 400097
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Credence Financial Consultancy Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Credence Financial Consultancy Private Limited
FY 2022 filings availableCredence Financial Consultancy Private Limited reported revenue of ₹1.74 Lakh (up 43317% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years. EBITDA fell 100% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.74 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.52 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.48 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 87.6% | ||||
| Net Profit Margin | 85.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Credence Financial Consultancy Private Limited, buy the company report.
Board of directors of Credence Financial Consultancy Private Limited
Credence Financial Consultancy has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhu Jaiprakash Agarwal Also directs: Credence Financial Consultancy LLP, Sop Metal Containers LLP, Pyramid Technoplast Limited and 1 more | Director | 15 Sep 2009 | 17 Years 1 Months | As last reported |
| Jaiprakash Bijaykumar Agarwal Also directs: Credence Financial Consultancy LLP, Sop Metal Containers LLP, Yash Synthetics LLP and 3 more | Director | 06 Dec 2002 | 23 Years 11 Months | As last reported |
Auditor
Credence Financial Consultancy Private Limited is audited by BANKA AND BANKA CHARTERED ACCOUNTANTS for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BANKA AND BANKA CHARTERED ACCOUNTANTS | FY 2022 | 100979W |
Shareholding
The shareholding of Credence Financial Consultancy Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Credence Financial Consultancy Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Credence Financial Consultancy Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Credence Financial Consultancy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Credence Financial Consultancy has 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Credence Financial Consultancy Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Credence Financial Consultancy Private Limited has 4 board changes on record since 2002: 2 appointments and 2 cessations. The latest: Nitu Bijaykumar Drolia ceased to be Director on 28 Dec 2009.
Frequently asked questions
Credence Financial Consultancy has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Credence Financial Consultancy was a private limited company based in Mumbai, Maharashtra, India. The company worked in business and IT consulting, within the business outsourcing industry. It was incorporated on 19 September 1995 and is registered under CIN U67190MH1995PTC092844. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Credence Financial Consultancy is U67190MH1995PTC092844. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Credence Financial Consultancy had 2 directors:
- Madhu Jaiprakash Agarwal - Director
- Jaiprakash Bijaykumar Agarwal - Director
Credence Financial Consultancy was incorporated on 19 September 1995. It is registered with the Registrar of Companies, Mumbai.
The registered office of Credence Financial Consultancy is at Office No.2 2nd Floor Shah Trade Centre Rani Sati Marg Near W.E Highway Malad , East, Mumbai, Maharashtra, India – 400097.
The latest financial statements of Credence Financial Consultancy on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 07 July 2022. Year-wise statements from 2015 are in the company report.
Credence Financial Consultancy operated in the business outsourcing industry, in the business and IT consulting segment.
Nitu Bijaykumar Drolia ceased to be Director on 28 Dec 2009. Madhu Jaiprakash Agarwal ceased to be Additional Director on 30 Sep 2009. Madhu Jaiprakash Agarwal was appointed as Director on 15 Sep 2009. Credence Financial Consultancy has 4 board changes on record in total.
The compliance status of Credence Financial Consultancy is compliant as of 11 September 2026.
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