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Credence Proposals Private Limited - oil & gas in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹13,179
▼ 2% YoY
Net loss · FY 2024
₹1.39 Lakh
Latest filing
EBITDA · FY 2024
-₹1.07 Lakh
Latest filing
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Credence Proposals Private Limited
Data last updated:
Credence Proposals Private Limited is a private limited company based in Indore, Madhya Pradesh, India, recognised as a startup by DPIIT. It operates in the fuel segment of the oil and gas sector. It was incorporated on 20 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U50500MP2018PTC046241. Its GSTIN is 23AAHCC6762B1ZY (Madhya Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Madhav Maheshwari and Keshav Maheshwari.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sonu Hotel Private Limited C/O Lard Inn Hotel (Basement) 11/6 South Tukoganj, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2024, the company reported a revenue of ₹13,179, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹1.39 Lakh and EBITDA of -₹1.07 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 54% over three years.
For more details, the company can be reached via its website xcrossfitness.com.
Company details
CIN U50500MP2018PTC046241
Registration Number 046241
Incorporation Date 20 July 2018
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Credence Proposals
Contact details
Credence Proposals Private Limited's registered office is in Indore, Madhya Pradesh. Its website is xcrossfitness.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressSonu Hotel Private Limited C/O Lard Inn Hotel (Basement) 11/6 South Tukoganj, Indore, Madhya Pradesh, India – 452001
- IndustryOil & Gas, Fuel, Retailers
To see the full contact details of Credence Proposals Private Limited, buy the company report.
Comprehensive company report
Credence Proposals Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Credence Proposals is personal and household service. In detail, this covers other personal service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| S | Personal and Household service | S4 | Other Personal service activities |
To see the full business activity and turnover split of Credence Proposals Private Limited, buy the company report.
Financials of Credence Proposals Private Limited
FY 2025 filings availableCredence Proposals Private Limited reported revenue of ₹13,179 (down 2% YoY) for FY 2024.
Revenue · FY 2024
₹13,179 ▼ 2%
Net loss · FY 2024
₹1.39 Lakh
EBITDA · FY 2024
-₹1.07 Lakh
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▼ 54%
EBITDA CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 23%
5 years · compounded
▲ 16%
Revenue has declined at a compounded annual rate (CAGR) of 54% over three years, including a 2% fall in the latest year. EBITDA rose 36% 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
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| EBITDA | -₹1.07 Lakh | ||||
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| Net Profit (PAT) | -₹1.39 Lakh | ||||
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Financial Ratios
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To see the full financial statements and ratios of Credence Proposals Private Limited, buy the company report.
Board of directors of Credence Proposals Private Limited
Credence Proposals has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhav Maheshwari | Director | 20 Jul 2018 | 8 Years 3 Months | Current |
| Keshav Maheshwari | Director | 14 Jan 2020 | 6 Years 9 Months | Current |
Peer comparison
Credence Proposals Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other personal service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Youthful Secrets Healthcare Private Limited | ₹14,671 (FY 2019) | -98.0% | Mumbai, Maharashtra, India | |||
| Grewal Cable and Broadband Service Private Limited | ₹14,668 (FY 2023) | -12.0% | Ropar, Punjab, India | |||
| Phatake Global Services (OPC) Private Limited | ₹14,026 (FY 2020) | Holalu, Karnataka, India | ||||
| Bleskart Internet Private Limited | ₹13,951 (FY 2021) | Solapur, Maharashtra, India | ||||
| V Hub Innovation Centre | ₹13,500 (FY 2024) | Tirupati, Andhra Pradesh, India | ||||
| Credence Proposals Private Limitedthis company | ₹13,179 (FY 2024) | -₹1.39 Lakh | -2.0% | Indore, Madhya Pradesh, India | ||
| Swirls and Sprinkles (OPC) Private Limited | ₹13,150 (FY 2023) | Noida, Uttar Pradesh, India | ||||
| Reesa Iportation Private Limited | ₹13,074 (FY 2025) | -99.0% | Vadodara, Gujarat, India | |||
| Reiking Healing Nutrition Council | ₹13,000 (FY 2025) | 91.0% | Midnapore, West Bengal, India | |||
| Febaug Technologies Private Limited | ₹12,945 (FY 2020) | -99.0% | Gurgaon, Haryana, India | |||
| Brijsun Innovations Private Limited | ₹12,247 (FY 2024) | New Delhi, Delhi, India |
To see the full peer comparison of Credence Proposals Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Credence Proposals 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 Proposals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Credence Proposals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAHCC6762B1ZY | Madhya Pradesh | Active | 31 Mar 2020 |
To see the full GST registrations and return filing status of Credence Proposals Private Limited, buy the company report.
Recent activity
Credence Proposals Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Keshav Maheshwari ceased to be Additional Director on 31 Dec 2020.
AGM
Credence Proposals Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Credence Proposals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Ceased
Keshav Maheshwari ceased to be Additional Director.
Ceased
Siddharth Nahata ceased to be Director.
Appointed
Keshav Maheshwari was appointed as Director.
Appointed
Madhav Maheshwari was appointed as Director.
Incorporation
20 Jul 2018
Credence Proposals Private Limited was registered on 20 Jul 2018 with Roc Gwalior & aged 8 years 3 months as per MCA records.
Frequently asked questions
Credence Proposals is an active private limited company based in Indore, Madhya Pradesh, India. The company works in fuel, within the oil and gas industry. It was incorporated on 20 July 2018 (8+ years old) and is registered under CIN U50500MP2018PTC046241.
Credence Proposals has 2 current directors:
- Madhav Maheshwari - Director
- Keshav Maheshwari - Director
The latest financial statements of Credence Proposals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Credence Proposals is 23AAHCC6762B1ZY, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Credence Proposals is U50500MP2018PTC046241. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Credence Proposals was incorporated on 20 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Credence Proposals by revenue are Youthful Secrets Healthcare Private Limited, Grewal Cable and Broadband Service Private Limited, Phatake Global Services (OPC) Private Limited, Bleskart Internet Private Limited, V Hub Innovation Centre and 5 more, all in the same principal business activity (other personal service activities).
Keshav Maheshwari ceased to be Additional Director on 31 Dec 2020. Siddharth Nahata ceased to be Director on 17 Jan 2020. Keshav Maheshwari was appointed as Director on 14 Jan 2020. Credence Proposals has 4 board changes on record in total.
Yes, Credence Proposals is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Credence Proposals can be reached through the website xcrossfitness.com. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Credence Proposals is at Sonu Hotel Private Limited CO Lard Inn Hotel Basement 116 South Tukoganj, Indore, Madhya Pradesh, India – 452001.