About Credence Rewards
Credence Rewards is a Retail company based in Mumbai (India) founded in 2021. It operates a direct-to-consumer brand for digital and physical gift cards. It operates on a D2C model. The company has 1 employees. Its Indian entity Credence Rewards Private Limited reported revenue of ₹79.38 Cr. Its focus areas include E-commerce, Gift Cards and Digital and Physical. Its competitors include CardnCash, Box Of Choices and Cash4Coupon.
Company details
Credence Rewards operates with a D2C model, focusing on engaging in retail operations, operating online marketplaces, gift cards, and digital and physical. Operates a direct-to-consumer brand for digital and physical gift cards. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Mumbai, India
- Employees 1
- SectorsRetail
- Website credencerewards.com
- Social Facebook
- Legal Name Credence Rewards Private Limited
- Date of Incorporation 21 May, 2021
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹79.38 Cr
FY 2025 · -57% YoY
- Net Profit₹6 Lakh
FY 2025 · 0% margin
- EBITDA₹8.5 Lakh
FY 2025 · 0% margin
- Employee Count1
Associated legal entities of Credence Rewards
Credence Rewards operates through Credence Rewards Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Credence Rewards Private Limited CIN U74999MH2021PTC360779 | Active | 21 May 2021 | Mumbai, Maharashtra | ₹79.4 Cr | 3 | View details |
Board of directors of Credence Rewards Private Limited (Credence Rewards)
Credence Rewards Private Limited is the primary company behind Credence Rewards. The board of Credence Rewards Private Limited currently have 3 directors; the longest-serving is Bhavik Rajubhai Samani, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhavik Rajubhai Samani DIN 09180481 | Director | 21 May 2021 | 5 yrs 5 mo | Credence Rewards Private Limited |
| Raju Ramji Samani DIN 09180482 | Director | 21 May 2021 | 5 yrs 5 mo | Credence Rewards Private Limited |
| Chhaya Raju Shamani DIN 07302039 | Director | 30 Sep 2024 | 2 yrs 1 mo | Credence Rewards Private Limited |
Financials of Credence Rewards
Figures of Credence Rewards Private Limited, the primary company behind Credence Rewards, for FY 2025. Revenue was ₹79.38 Cr (-57% year on year). Net profit was ₹6 Lakh (0% margin). EBITDA was ₹8.5 Lakh (0% margin). Revenue has grown at a compounded annual rate of -33% over three years.
- ₹79.38 CrRevenue · FY 2025 · -57% YoY
- ₹6 LakhNet profit · 0% margin
- ₹8.5 LakhEBITDA · 0% margin
- ₹75,010Paid-up capital
- -33%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Credence Rewards Private Limited are on its company page.
Detailed financial statements for Credence Rewards
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- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Credence Rewards
Credence Rewards has 3 listed competitors in our database. They include CardnCash, Box Of Choices and Cash4Coupon.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cardncash.com | 2020 | Delhi, India | Platform to sell unused gift cards and convert them to cash easily. | |||
| boxofchoices.co.in | 2019 | Gurugram, India | An online platform specializing in multi-category e-gift cards for gifting purposes. | |||
| cash4coupon.com | 2015 | Bengaluru, India | Operates as a marketplace for buying and selling used gift cards. |
Detailed competitors of Credence Rewards
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Marketplaces & General E-Commerce
2 companies that operate in the same segment as Credence Rewards (Marketplaces & General E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category consumer products are offered via an online marketplace platform. | 2007 | Bengaluru, Karnataka, India | USD 12.12 B | USD 9.83 B | 18,938 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 639.15 M | 1,031 |
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Frequently Asked Questions about Credence Rewards
Credence Rewards was founded in 2021.
Credence Rewards is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Credence Rewards has 1 employees.
The primary company behind Credence Rewards, Credence Rewards Private Limited, reported revenue of ₹79.38 Cr for FY 2025, down 57% year on year.
Credence Rewards operates with a D2C model, focusing on engaging in retail operations, operating online marketplaces, gift cards, and digital and physical. Operates a direct-to-consumer brand for digital and physical gift cards. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Credence Rewards's top competitors include CardnCash, Cash4Coupon and Box Of Choices.
Credence Rewards operates through Credence Rewards Private Limited.
The legal entities of Credence Rewards currently have 3 directors, including Bhavik Rajubhai Samani, Raju Ramji Samani, Chhaya Raju Shamani.