MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0189156
Credence Ab Private Limited
Credence Ab Private Limited - fashion and textile in Chennai, Tamil Nadu, India. Directors, charges & compliance details.
Revenue · FY 2025
₹7.67 Cr
▲ 1% YoY
Net loss · FY 2025
₹52.5 Lakh
Net margin -6.8%
EBITDA · FY 2025
-₹34.14 Lakh
EBITDA margin -4.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
19
Provident fund records
About Credence Ab Private Limited
Data last updated:
Credence Ab Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 04 August 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U52609TN2021PTC145273.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Mudippully Ali Akbar Ashik (Managing Director) and Mudipully Ummer Ali Akbar.
Its last annual general meeting (AGM) was held on 27 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.67 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹52.5 Lakh (net margin -6.8%) and EBITDA of -₹34.14 Lakh (EBITDA margin -4.5%). Revenue has grown at a compounded annual rate (CAGR) of 94% over three years.
The company has about 19 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Credence Ab Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0189156).
Company details
CIN U52609TN2021PTC145273
Registration Number 145273
Incorporation Date 04 August 2021
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 December 2024
Date of Balance Sheet 31 March 2024
MSME Classification Small
Udyam Registration UDYAM-TN-02-0189156
Key People
Mudippully Ali Akbar Ashik Managing Director Mudipully Ummer Ali Akbar Director Nisha Kaipra Valappil Director Recognitions & Rankings of Credence Ab
Contact details
Credence Ab Private Limited's registered office is in Chennai, Tamil Nadu.
- Registered AddressCommercial Shop No: 39B Old No. 119 New No: 136 Ab – Block 4th Avenue Shanthi Colony A, Nna Nagar, Chennai, Tamil Nadu, India – 600040
- IndustryFashion and Textile, Fashion Retail
Comprehensive company report
Credence Ab 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Credence Ab is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Credence Ab Private Limited, buy the company report.
Financials of Credence Ab Private Limited
FY 2024 filings availableCredence Ab Private Limited reported revenue of ₹7.67 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹7.67 Cr ▲ 1%
Net loss · FY 2025
₹52.5 Lakh margin -6.8%
EBITDA · FY 2025
-₹34.14 Lakh margin -4.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 94%
EBITDA CAGR growth
1 year
▼ 269%
3 years · compounded
▼ 71%
Revenue has grown at a compounded annual rate (CAGR) of 94% over three years, including 1% growth in the latest year. EBITDA fell 269% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹34.14 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹52.5 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -4.5% | |||
| Net Profit Margin | -6.8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Credence Ab Private Limited, buy the company report.
Board of directors of Credence Ab Private Limited
Credence Ab has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mudipully Ummer Ali Akbar Also directs: Credence Fashion & Retail Private Limited | Director | 04 Aug 2021 | 5 Years 2 Months | Current |
| Nisha Kaipra Valappil Also directs: Credence Fashion & Retail Private Limited | Director | 04 Aug 2021 | 5 Years 2 Months | Current |
| Mudippully Ali Akbar Ashik Also directs: Credence Fashion & Retail Private Limited | Managing Director | 04 Aug 2021 | 5 Years 2 Months | Current |
| Sudharsan Sreenivasan Also directs: Credence Fashion & Retail Private Limited | Director | 23 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
Credence Ab Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shanti Fabrics Private Limited | ₹7.68 Cr (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Sabari Infra Private Limited | ₹7.68 Cr (FY 2024) | 87.0% | Chennai, Tamil Nadu, India | |||
| Credence Ab Private Limitedthis company | ₹7.67 Cr (FY 2025) | -₹52.5 Lakh | -6.8% | 1.0% | Chennai, Tamil Nadu, India | |
| Kiros Textiles Private Limited | ₹7.66 Cr (FY 2025) | 59.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Credence Ab Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2024 | 100907516 | Indian Bank | ₹1 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Credence Ab Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed against the company by Grasim Industries Limited | Pending |
To see the full case history of Credence Ab Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Credence Ab Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Credence Ab Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Credence Ab Private Limited has 5 board changes on record since 2021: 4 appointments and 1 cessation. The latest: Shijas Noushad Chakkanalil ceased to be Director on 08 Feb 2024.
AGM
Credence Ab Private Limited last Annual general meeting of members was held on 27 Dec 2024 as per latest MCA records.
Filing
Credence Ab Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Indian Bank amounted to Rs. 100.00 Lakh with Charge ID 100907516 was registered on 27 Feb 2024.
Ceased
Shijas Noushad Chakkanalil ceased to be Director.
Appointed
Sudharsan Sreenivasan was appointed as Director.
Appointed
Mudippully Ali Akbar Ashik was appointed as Managing Director.
Appointed
Mudipully Ummer Ali Akbar was appointed as Director.
Appointed
Nisha Kaipra Valappil was appointed as Director.
Incorporation
04 Aug 2021
Credence Ab Private Limited was registered on 04 Aug 2021 with Roc Chennai & aged 5 years 2 months as per MCA records.
Frequently asked questions
Credence Ab is an active private limited company based in Chennai, Tamil Nadu, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 04 August 2021 (5+ years old) and is registered under CIN U52609TN2021PTC145273.
Credence Ab has 4 current directors:
- Mudippully Ali Akbar Ashik - Managing Director
- Mudipully Ummer Ali Akbar - Director
- Nisha Kaipra Valappil - Director
- Sudharsan Sreenivasan - Director
The latest financial statements of Credence Ab on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 December 2024. Year-wise statements from FY 2022 are in the company report.
The CIN (Corporate Identification Number) of Credence Ab is U52609TN2021PTC145273. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Credence Ab has 1 court case on record: 1 filed against it. 1 is pending.
Credence Ab was incorporated on 04 August 2021, making it 5+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Credence Ab by revenue are Shanti Fabrics Private Limited, Sabari Infra Private Limited, Kiros Textiles Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Shijas Noushad Chakkanalil ceased to be Director on 08 Feb 2024. Sudharsan Sreenivasan was appointed as Director on 23 Mar 2023. Mudippully Ali Akbar Ashik was appointed as Managing Director on 04 Aug 2021. Credence Ab has 5 board changes on record in total.
Yes, Credence Ab is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0189156).
The registered office of Credence Ab is at Commercial Shop No: 39B Old No. 119 New No: 136 Ab – Block 4th Avenue Shanthi Colony A, Nna Nagar, Chennai, Tamil Nadu, India – 600040.
Credence Ab operates in the fashion and textile industry, in the fashion retail segment.