MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0217827
Credence Commerce Industries Private Limited - agriculture in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹4.61 Cr
▲ 8% YoY
Net loss · FY 2024
₹22.57 Lakh
Net margin -4.9%
EBITDA · FY 2024
₹2,322
EBITDA margin 0%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹30 Lakh
Issued & subscribed
Satisfied charges
₹5.5 Cr
No open charges
Company age
16 yrs
Est. 2010
Directors on board
2
As per MCA filings
About Credence Commerce Industries Private Limited
Data last updated:
Credence Commerce Industries Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the agricultural support and advisory segment of the agriculture sector. It was incorporated on 26 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2010PTC060905. Its GSTIN is 24AAECC0862H1ZY (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹30 Lakh. It was formerly known as Credence Agri Commodities Solutions Private Limited and Credence Industries (I) Private Limited. It is led by directors Nirav Mahendrabhai Patel and Romi Kirtikumar Patel.
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 1006 C – Wing Ganesh Meridien Opp. New Gujarat High Court S. G. Highw, Ay, Ahmedabad, Gujarat, India – 380060.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.61 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹22.57 Lakh (net margin -4.9%) and EBITDA of ₹2,322 (EBITDA margin 0%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 7% over five years.
As per MCA filings, the company has satisfied charges of ₹5.5 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 2 cases are pending.
Credence Commerce Industries Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0217827). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website credenceagri.com.
Company details
CIN U51909GJ2010PTC060905
Registration Number 060905
Incorporation Date 26 May 2010
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0217827
Name history
Credence Commerce Industries has undergone 3 name changes throughout its history. The company was previously known as Credence Agri Commodities Solutions Private Limited, Credence Industries (I) Private Limited, and Credence Industries Private Limited. The current legal name is Credence Commerce Industries Private Limited.
| Company Name | Status |
|---|---|
| Credence Commerce Industries Private Limited | Current |
| Credence Agri Commodities Solutions Private Limited | Previous |
| Credence Industries (I) Private Limited | Previous |
| Credence Industries Private Limited | Previous |
Recognitions & Rankings of Credence Commerce Industries
Contact details
Credence Commerce Industries Private Limited's registered office is in Ahmedabad, Gujarat. Its website is credenceagri.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1006 C – Wing Ganesh Meridien Opp. New Gujarat High Court S. G. Highw, Ay, Ahmedabad, Gujarat, India – 380060
- IndustryAgriculture, Agri Support Services
To see the full contact details of Credence Commerce Industries Private Limited, buy the company report.
Comprehensive company report
Credence Commerce Industries 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
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Business activity
The main business activity of Credence Commerce Industries 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 Commerce Industries Private Limited, buy the company report.
Financials of Credence Commerce Industries Private Limited
FY 2025 filings availableCredence Commerce Industries Private Limited reported revenue of ₹4.61 Cr (up 8% YoY) for FY 2024.
Revenue · FY 2024
₹4.61 Cr ▲ 8%
Net loss · FY 2024
₹22.57 Lakh margin -4.9%
EBITDA · FY 2024
₹2,322 margin 0%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 4%
5 years · compounded
▼ 7%
EBITDA CAGR growth
1 year
▲ 101%
3 years · compounded
▼ 90%
5 years · compounded
▼ 77%
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 101% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹2,322 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹22.57 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | ||||
| Net Profit Margin | -4.9% | ||||
| 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 Commerce Industries Private Limited, buy the company report.
Board of directors of Credence Commerce Industries Private Limited
Credence Commerce Industries has 2 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 |
|---|---|---|---|---|
| Nirav Mahendrabhai Patel | Director | 26 May 2010 | 16 Years 5 Months | Current |
| Romi Kirtikumar Patel | Director | 26 May 2010 | 16 Years 5 Months | Current |
Peer comparison
Credence Commerce Industries Private Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Agro Retail and Distribution, Construction Materials 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 |
|---|---|---|---|---|---|---|
| Guwahati Food Products Private Limited | ₹4.61 Cr (FY 2018) | 15.0% | Guwahati, Assam, India | |||
| Malpani Locks Protection Private Limited | ₹4.61 Cr (FY 2025) | 0.0% | Aligarh, Uttar Pradesh, India | |||
| Mangalmurti Merchandise Private Limited | ₹4.61 Cr (FY 2025) | -8.0% | Kolkata, West Bengal, India | |||
| Credence Commerce Industries Private Limitedthis company | ₹4.61 Cr (FY 2024) | -₹22.57 Lakh | -4.9% | 8.0% | Ahmedabad, Gujarat, India | |
| Montexo Agritech Solutions Private Limited | ₹4.61 Cr (FY 2024) | 55.0% | Sri Ganganagar, Rajasthan, India | |||
| Katyayani Mahamaye Products Private Limited | ₹4.61 Cr (FY 2020) | 126.0% | Bangalore, Karnataka, India | |||
| Royalline Resources Limited | ₹4.6 Cr (FY 2024) | 38.0% | Dahanu, Maharashtra, India |
To see the full peer comparison of Credence Commerce Industries Private Limited, buy the company report.
Auditor
Credence Commerce Industries Private Limited is audited by JAYESH BHAVSAR & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAYESH BHAVSAR & ASSOCIATES | FY 2021 | 126332W |
Shareholding
The shareholding of Credence Commerce Industries Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Credence Commerce Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹5.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2015 | 10594009 | Yes Bank Limited | ₹3.5 Cr | Satisfied | |
| 25 Jul 2014 | 10511088 | Hdfc Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Credence Commerce Industries Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Credence Commerce Industries Private Limited has 4 court cases on record: 4 filed by Credence Commerce Industries. 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
4
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mahesana, Gujarat | Court case (SPCS) | Filed by the company against RBL Bank Limited Having Its Office | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Yes Bank Ltd and 7 others | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Yes Bank Ltd and 7 others | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Yes Bank Ltd and 7 others | Disposed |
To see the full case history of Credence Commerce Industries 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 Commerce Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Credence Commerce Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECC0862H1ZY | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Credence Commerce Industries Private Limited, buy the company report.
Recent activity
Credence Commerce Industries Private Limited has 3 board changes on record since 2010: 2 appointments and 1 cessation. The latest: Bimalkumar Mahendrabhai Patel ceased to be Director on 03 Oct 2020.
AGM
Credence Commerce Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Credence Commerce Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Bimalkumar Mahendrabhai Patel ceased to be Director.
Charges
A charge registered on 29 Sep 2015 via Charge ID 10594009 with Yes Bank Limited was fully satisfied on 24 Aug 2018.
Charges
A charge registered on 25 Jul 2014 via Charge ID 10511088 with Hdfc Bank Limited was fully satisfied on 08 Oct 2015.
Charges
A charge with Yes Bank Limited amounted to Rs. 350.00 Lakh with Charge ID 10594009 was registered on 29 Sep 2015.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 200.00 Lakh with Charge ID 10511088 was registered on 25 Jul 2014.
Appointed
Nirav Mahendrabhai Patel was appointed as Director.
Appointed
Romi Kirtikumar Patel was appointed as Director.
Incorporation
26 May 2010
Credence Commerce Industries Private Limited was registered on 26 May 2010 with Roc Ahmedabad & aged 16 years 5 months as per MCA records.
Frequently asked questions
Credence Commerce Industries is an active private limited company based in Ahmedabad, Gujarat, India. The company works in agri support services, within the agriculture industry. It was incorporated on 26 May 2010 (16+ years old) and is registered under CIN U51909GJ2010PTC060905.
Credence Commerce Industries has 2 current directors:
- Nirav Mahendrabhai Patel - Director
- Romi Kirtikumar Patel - Director
The latest financial statements of Credence Commerce Industries on record with the MCA are for the year ended 31 March 2025. 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 Commerce Industries is 24AAECC0862H1ZY, registered in Gujarat.
The CIN (Corporate Identification Number) of Credence Commerce Industries is U51909GJ2010PTC060905. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Credence Commerce Industries has 4 court cases on record: 4 filed by the company. 2 are pending.
Credence Commerce Industries was incorporated on 26 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Credence Commerce Industries by revenue are Guwahati Food Products Private Limited, Malpani Locks Protection Private Limited, Mangalmurti Merchandise Private Limited, Montexo Agritech Solutions Private Limited, Katyayani Mahamaye Products Private Limited and 1 more, all in the Metals and Minerals industry (Agro Retail and Distribution, Construction Materials Retail and Distribution), with the same principal business activity (wholesale trading).
Bimalkumar Mahendrabhai Patel ceased to be Director on 03 Oct 2020. Nirav Mahendrabhai Patel was appointed as Director on 26 May 2010. Romi Kirtikumar Patel was appointed as Director on 26 May 2010.
Yes, Credence Commerce Industries is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0217827).
Credence Commerce Industries can be reached through the website credenceagri.com. Its registered office is in Ahmedabad, Gujarat, India.
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