About Credence Analytics (India) Private Limited
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Credence Analytics (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 25 October 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U73100MH1999PTC122358. Its GSTIN is 27AABCC3563G1ZT (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹15.6 Lakh. It is led by directors including Vijaya Simha Vidyasagar Avadhanam (Managing Director) and Karunakaran Guruprasad Chettiar.
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 604 6th Floor B Wing Eureka Tower Mindspace Off Link Road Malad(W), Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.83 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹1.91 Lakh (net margin 0.1%) and EBITDA of ₹41.83 Lakh (EBITDA margin 2%). Revenue has declined at a compounded annual rate (CAGR) of 3% over five years.
The company has about 133 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Credence Analytics. As per MCA filings, the company has open charges of ₹6.97 Cr and satisfied charges of ₹2.7 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website credenceanalytics.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address604 6th Floor B Wing Eureka Tower Mindspace Off Link Road Malad(W), Mumbai, Maharashtra, India – 400064
- IndustryInformation Technology, Software Development & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Credence Analytics (India) Private Limited
The main business activity of Credence Analytics (India) is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Credence Analytics (India) Private Limited FY 2025 filings available
Credence Analytics (India) Private Limited reported revenue of ₹20.83 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Credence Analytics (India) Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 4% fall in the latest year. EBITDA fell 81% 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 of Credence Analytics (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹41.83 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.91 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 of Credence Analytics (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Credence Analytics (India) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Credence Analytics (India) Private Limited
Credence Analytics (India) Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nimbus Systems Private Limited | ₹21.04 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Kolkata, West Bengal, India |
| Qualitia Software Private Limited | ₹20.95 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Pune, Maharashtra, India |
| Geminus Tech Private Limited | ₹20.94 Cr (FY 2025) | •••• | •••• | 129.0% | •••• | Pune, Maharashtra, India |
| Realization Technologies India Private Limited | ₹20.94 Cr (FY 2024) | •••• | •••• | 56.0% | •••• | Pune, Maharashtra, India |
| Vivideas Solutions Private Limited | ₹20.9 Cr (FY 2025) | •••• | •••• | 56.0% | •••• | Ahmedabad, Gujarat, India |
| Credence Analytics (India) Private Limited this company | ₹20.83 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| DG Futuretech India Private Limited | ₹20.77 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Pune, Maharashtra, India |
| Fakeeh Technologies Private Limited | ₹20.76 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Thiruvananthapuram, Kerala, India |
| Immplycloud India Private Limited | ₹20.73 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Tiruvallur, Tamil Nadu, India |
| Findability Sciences Private Limited | ₹20.71 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
| Digient Technologies Private Limited | ₹20.63 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Credence Analytics (India) by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Credence Analytics (India) Private Limited
Credence Analytics (India) Private Limited is audited by M.S.Kulkarni & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M.S.Kulkarni & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Credence Analytics (India) Private Limited
Credence Analytics (India) has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijaya Simha Vidyasagar Avadhanam | Managing Director | 25 Oct 1999 | 26 Years 11 Months | Current |
| Karunakaran Guruprasad Chettiar | Director | 26 Oct 1999 | 26 Years 11 Months | Current |
| Vivek Sinha | Director | 25 Oct 1999 | 26 Years 11 Months | Current |
Ownership and Shareholding of Credence Analytics (India) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Credence Analytics (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Sep 2025 | State Bank of India | ₹1 Cr | Open |
| 22 Nov 2017 | State Bank of India | ₹2.5 Cr | Open |
| 12 Jul 2017 | State Bank of India | ₹2.87 Cr | Open |
| 22 Aug 2007 | State Bank of Mysore | ₹59.7 Lakh | Open |
| 14 Jul 2015 | Hdfc Bank Limited | ₹2.5 Cr | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Credence Analytics (India) Private Limited
Credence Analytics (India) Private Limited has 8 court cases on record: 6 filed by Credence Analytics (India), 2 filed against it. 3 cases are pending and 5 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 2 |
| High courts | 2 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Jade Traders Private Limited | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Ifci Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Jade Traders Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Jade Traders Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed by the company against Jade Traders Private Limited | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Credence Analytics (India) Private Limited
Credence Analytics (India) operates one associated brand: Credence Analytics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Analytics products and services are offered to financial institutions. | credenceanalytics.com |
Employees and EPFO Compliance at Credence Analytics (India) Private Limited
Credence Analytics (India) Private Limited has a workforce of 133 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Credence Analytics (India) Private Limited
Credence Analytics (India) Private Limited has 4 board changes on record since 1999: 3 appointments and 1 cessation. The latest: Vijaya Simha Vidyasagar Avadhanam ceased to be Director on 10 Feb 2010.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Credence Analytics (India) Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Credence Analytics (India) Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Credence Analytics (India) Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Credence Analytics (India) Private Limited
Credence Analytics (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC3563G1ZT | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Credence Analytics (India) Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Credence Analytics (India) Private Limited
Credence Analytics (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 25 October 1999 (27+ years old) and is registered under CIN U73100MH1999PTC122358.
Credence Analytics (India) reported revenue of ₹20.83 Cr for FY 2025 (down 4% YoY).
Credence Analytics (India) has 3 current directors:
- Vijaya Simha Vidyasagar Avadhanam - Managing Director
- Karunakaran Guruprasad Chettiar - Director
- Vivek Sinha - Director
Credence Analytics (India) reported a net profit of ₹1.91 Lakh (net margin 0.1%) and EBITDA of ₹41.83 Lakh (EBITDA margin 2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Credence Analytics (India) is -3% over five years. In the latest year (FY 2025) revenue fell 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Credence Analytics (India) is 27AABCC3563G1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Credence Analytics (India) is U73100MH1999PTC122358. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Credence Analytics (India) has 8 court cases on record: 6 filed by the company and 2 filed against it. 3 are pending. Most are in the district courts.
Credence Analytics (India) was incorporated on 25 October 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Credence Analytics (India) by revenue are Nimbus Systems Private Limited, Qualitia Software Private Limited, Geminus Tech Private Limited, Realization Technologies India Private Limited, Vivideas Solutions Private Limited and 5 more, all in the Information Technology industry (Software Services).
Vijaya Simha Vidyasagar Avadhanam ceased to be Director on 10 Feb 2010. Karunakaran Guruprasad Chettiar was appointed as Director on 26 Oct 1999. Vijaya Simha Vidyasagar Avadhanam was appointed as Managing Director on 25 Oct 1999. Credence Analytics (India) has 4 board changes on record in total.