About Credence Chem Private Limited
Data last updated:
Credence Chem Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 25 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2015PTC082693. Its GSTIN is 24AAFCC9686C1ZJ (Gujarat). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Tusharbhai Chimanlal Vora and Rushin Tusharbhai Vora.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 31/A – 31/B Xcelon Industrial Park – 2 Sarkhej Bavla Village Vasna Chacharwadi Taluka Sanand, Ahmedabad, Gujarat, India – 382213.
As per the financials filed for FY 2026, the company reported a revenue of ₹482.2 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹7.65 Cr (net margin 1.6%) and EBITDA of ₹12.26 Cr (EBITDA margin 2.5%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 19% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Credence Chem. As per MCA filings, the company has open charges of ₹23.04 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website credencechem.in.
Company details
Contact details
Credence Chem Private Limited's registered office is in Ahmedabad, Gujarat. Its website is credencechem.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address31/A – 31/B Xcelon Industrial Park – 2 Sarkhej Bavla Village Vasna Chacharwadi Taluka Sanand, Ahmedabad, Gujarat, India – 382213
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Credence Chem Private Limited, buy the company report.
- 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
Brands
Credence Chem operates one associated brand: Credence Chem. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Imports, stores, and distributes industrial chemicals to multiple industries worldwide. | credencechem.com |
Business activity
The main business activity of Credence Chem is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Credence Chem Private Limited, buy the company report.
Financials of Credence Chem Private Limited
FY 2026 filings availableCredence Chem Private Limited reported revenue of ₹482.2 Cr (up 7% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 7% growth in the latest year. EBITDA rose 97% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹482.2 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.65 Cr | ||||
| 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.5% | ||||
| Net Profit Margin | 1.6% | ||||
| 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 Chem Private Limited, buy the company report.
Board of directors of Credence Chem Private Limited
Credence Chem has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tusharbhai Chimanlal Vora | Director | 25 Mar 2015 | 11 Years 7 Months | Current |
| Rushin Tusharbhai Vora | Director | 25 Mar 2015 | 11 Years 7 Months | Current |
Auditor
Credence Chem Private Limited is audited by Nilesh Kakkad and Co. for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nilesh Kakkad and Co. | FY 2026 | 132130W |
Shareholding
The shareholding of Credence Chem Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Credence Chem Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Feb 2022 | 100545810 | Others | ₹17.9 Lakh | Open | |
| 30 Mar 2021 | 100438742 | Others | ₹9.75 Lakh | Open | |
| 28 Jan 2021 | 100412786 | Hdfc Bank Limited | ₹9.44 Lakh | Open | |
| 19 Oct 2020 | 100395199 | Hdfc Bank Limited | ₹35 Lakh | Open | |
| 27 Feb 2017 | 100079810 | Others | ₹22.32 Cr | Open |
To see the full charge records of Credence Chem Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Credence Chem Private Limited has 3 court cases on record: 3 filed by Credence Chem. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Meghanashree Petrochem Pvt. Ltd. and 2 others | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Aveke Cemicanls Pvt Ltd @ Himanshubhai Dharmadas Meravaniya and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed by the company against Meghanashree Petrochem Pvt. Ltd. | Disposed |
To see the full case history of Credence Chem 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
Credence Chem Private Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 1,017 overdue payments to 159 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 159)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Transchem Impex Private Limited | |||
| Uniza Healthcare LLP | |||
| an individual supplier | |||
| GKN Petrochem LLP | |||
| an individual supplier |
To see the full MSME payment records of Credence Chem Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Credence Chem has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCC9686C1ZJ | Gujarat | Active | 01 Jul 2017 |
| 24AAFCC9686C2ZI | Gujarat | Active | 20 Mar 2025 |
| 27AAFCC9686C1ZD | Maharashtra | Active | 11 May 2023 |
To see the full GST registrations and return filing status of Credence Chem Private Limited, buy the company report.
Recent activity
Credence Chem Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Rushin Tusharbhai Vora was appointed as Director on 25 Mar 2015.
Frequently asked questions
Credence Chem is an active private limited company based in Ahmedabad, Gujarat, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 25 March 2015 (11+ years old) and is registered under CIN U24100GJ2015PTC082693.
Credence Chem has 2 current directors:
- Tusharbhai Chimanlal Vora - Director
- Rushin Tusharbhai Vora - Director
The latest financial statements of Credence Chem on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Credence Chem is 24AAFCC9686C1ZJ, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AAFCC9686C2ZI (Gujarat), 27AAFCC9686C1ZD (Maharashtra).
The CIN (Corporate Identification Number) of Credence Chem is U24100GJ2015PTC082693. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Credence Chem has 3 court cases on record: 3 filed by the company.
Credence Chem was incorporated on 25 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Rushin Tusharbhai Vora was appointed as Director on 25 Mar 2015. Tusharbhai Chimanlal Vora was appointed as Director on 25 Mar 2015.
Credence Chem has 13 MSME Form 1 returns on record between 2019 and 2024, listing 1,017 overdue payments to 159 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Credence Chem can be reached through the website credencechem.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Credence Chem is at 31A – 31B Xcelon Industrial Park – 2 Sarkhej Bavla Village Vasna Chacharwadi Taluka Sanand, Ahmedabad, Gujarat, India – 382213.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
