About CredenceIS
CredenceIS is a Technology company based in Bengaluru (India) founded in 2012. It provides IT consulting and support services for comprehensive business solutions. It operates on a B2B model. Its Indian entity Credenceis Computing Private Limited reported revenue of ₹1.67 Cr. Its focus areas include IT Services, Consulting and IT Support and Solutions. Similar companies include Happiest Minds, GirnarSOFT and Datamatics; 3 of its 3 listed similar companies have raised funding.
Company details
CredenceIS, established in 2012, excels in leveraging cutting-edge technology, providing IT services, offering consulting services, and it support and solutions. Provides IT consulting and support services for comprehensive business solutions. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Bengaluru, India
- SectorsTechnology
- Website credenceis.com
- Social X Facebook
- Legal Name Credenceis Computing Private Limited
- Date of Incorporation 05 Jun, 2015
- Jurisdiction Belgaum, Karnataka, India
- Annual Revenue₹1.67 Cr
FY 2022 · -27% YoY
- Net Profit₹4.7 Lakh
FY 2022 · 3% margin
- EBITDA₹28.6 Lakh
FY 2022 · 17% margin
Associated legal entities of CredenceIS
CredenceIS operates through Credenceis Computing Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Credenceis Computing Private Limited CIN U72200KA2015PTC080730 | Active | 05 Jun 2015 | Belgaum, Karnataka | ₹1.7 Cr | 2 | View details |
Board of directors of Credenceis Computing Private Limited (CredenceIS)
Credenceis Computing Private Limited is the primary company behind CredenceIS. The board of Credenceis Computing Private Limited currently have 2 directors; the longest-serving is Ajit Kumar Singangouda Patil, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajit Kumar Singangouda Patil DIN 05010179 | Managing Director | 05 Jun 2015 | 11 yrs 5 mo | Credenceis Computing Private Limited |
| Shobha Ajit Patil DIN 06365640 | Director | 05 Jun 2015 | 11 yrs 5 mo | Credenceis Computing Private Limited |
Financials of CredenceIS
Figures of Credenceis Computing Private Limited, the primary company behind CredenceIS, for FY 2022. Revenue was ₹1.67 Cr (-27% year on year). Net profit was ₹4.7 Lakh (3% margin). EBITDA was ₹28.6 Lakh (17% margin). Revenue has grown at a compounded annual rate of +3% over three years and +22% over five years.
- ₹1.67 CrRevenue · FY 2022 · -27% YoY
- ₹4.7 LakhNet profit · 3% margin
- ₹28.6 LakhEBITDA · 17% margin
- ₹5 LakhPaid-up capital
- +3%Revenue CAGR, 3 years
- +22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Credenceis Computing Private Limited are on its company page.
Detailed financial statements for CredenceIS
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Similar companies to CredenceIS
CredenceIS has 3 listed similar companies in our database, 3 of them funded. They include Happiest Minds, GirnarSOFT and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| girnarsoft.com | 2007 | Jaipur, India | $736.02M | 6,709 | Provider of website, web & mobile application development, BI, and digital marketing services | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed similar companies of CredenceIS
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Frequently Asked Questions about CredenceIS
CredenceIS was founded in 2012.
CredenceIS is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind CredenceIS, Credenceis Computing Private Limited, reported revenue of ₹1.67 Cr for FY 2022, down 27% year on year.
CredenceIS, established in 2012, excels in leveraging cutting-edge technology, providing IT services, offering consulting services, and it support and solutions. Provides IT consulting and support services for comprehensive business solutions. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
CredenceIS's top competitors include Happiest Minds, GirnarSOFT and Datamatics.
CredenceIS operates through Credenceis Computing Private Limited.
The legal entities of CredenceIS currently have 2 directors, including Ajit Kumar Singangouda Patil, Shobha Ajit Patil.