Credence Logistics Limited - Company Profile

Q: Who are the current directors of Credence Logistics Limited?

The current directors of Credence Logistics Limited are Milind Nilkanth Mande, Namdeo Shankar Zagade, Suresh Kumar Mohanlal Yadav, Manoj Kumar.

It is a transport and logistics public limited company based in Kolkata, West Bengal, India, established in 1991.

1991 Kolkata, West Bengal, India Active

Last Updated: December 23, 2025

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About Credence Logistics Limited

Credence Logistics Limited, a active public limited company, was established on 16 August 1991 in Kolkata, West Bengal, India. Engaging in integrated & diversified logistics services within the transport and storage sector, it holds CIN: U63090WB1991PLC052729. Registered under ROC Roc Kolkata. it is unlisted. It has an authorized capital of ₹10.00 Cr and a paid-up capital of ₹3.72 Cr.

Formerly known as Garuda Carriers & Shipping Pvt. Ltd., Credence Logistic Limited. It upholds a compliant status. Employing 26 professional, Its leadership includes Milind Nilkanth Mande (Additional Director), Namdeo Shankar Zagade (Additional Director), Suresh Kumar Mohanlal Yadav (Additional Director). Past directors included Satyabir Bhattacharyya, Umesh Bahadur, Pradeep Kumar Tewari. It holds ₹13.08 Cr open charges and ₹98.24 Cr settled loans. Its latest AGM occurred on 25 September 2018, with the balance sheet filed on 31 March 2018. It is based at 11, Khairu Place, 3Rd Floor,, Kolkata, West Bengal, 700072.

Company Details

CIN/LLPIN
U63090WB1991PLC052729
Registration Number
052729
Incorporation Date
16 August 1991
Authorized Capital
₹10.00 Cr
Paid-Up Capital
₹3.72 Cr
ROC Code
Roc Kolkata
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 10.00 Cr as on 23-12-2025
Paid Up Capital ₹ 3.72 Cr as on 23-12-2025
Company Age 34 Year, 6 Months
Last Filing with ROC 31 Mar 2018
Open Charges ₹ 13.08 Cr as on 23-12-2025
Satisfied Charges ₹ 98.24 Cr as on 23-12-2025
Revenue Growth **** -2.07% (FY 2018)
Profit Growth **** -220.19% (FY 2018)
Ebitda **** -26.08% (FY 2018)
Net Worth -11.21% (FY 2018)
Total Assets -3.73% (FY 2018)

Comprehensive Company Insights

Explore comprehensive insights into Credence Logistics Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Credence Logistics Limited?

Current Directors

Name	Designation	Appointment Date	Status
Milind Nilkanth Mande	Additional Director	27 Aug 2021	Current
Namdeo Shankar Zagade	Additional Director	30 Jun 2022	Current
Suresh Kumar Mohanlal Yadav	Additional Director	10 Jun 2019	Current
Manoj Kumar	Additional Director	06 Jul 2019	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	01 Nov 2012	Past
Pramod Abcsdd	Director	10 Jun 2011	Past
Pramod Abcsdd	Whole-Time Director	15 Oct 2012	Past
Pramod Abcsdd	Director	01 Aug 2011	Past
Pramod Abcsdd	Director	12 Oct 2017	Past
Pramod Abcsdd	Additional Director	18 Dec 2013	Past

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Financial Performance of Credence Logistics.

Credence Logistics Limited, for the financial year ended 2018, experienced Minor drop in revenue, with a 2.07% decrease. The company also saw a substantial fall in profitability, with a 220.19% decrease in profit. The company's net worth observed a substantial decline by a decrease of 11.21%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-2.07%

*******

Revenue from Operations

*******

-1.98%

*******

Total Assets

*******

-3.73%

*******

Profit or Loss

*******

-220.19%

*******

Net Worth

*******

-11.21%

*******

EBITDA

*******

-26.08%

*******

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What is the Ownership and Shareholding Structure of Credence Logistics?

In 2018, Credence Logistics had a public holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹130,762,359.00

Satisfied Charges

₹982,372,844.00

Charges Breakdown by Lending Institutions

Srei Equipment Finance Private Limited : 8.37 Cr
Others : 3.74 Cr
Srei Equipment Finance Limited : 0.97 Cr

Latest Charge Details

Date	Lender	Amount	Status
22 Aug 2016	Others	₹1.23 Cr	Open
22 Aug 2016	Others	₹1.23 Cr	Open
11 Jun 2016	Others	₹2.57 M	Open
11 Jun 2016	Others	₹2.57 M	Open
11 Jun 2016	Others	₹2.57 M	Open

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How Many Employees Work at Credence Logistics?

Credence Logistics has a workforce of 26 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Credence Logistics, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Credence Logistics's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Credence Logistics

Recent Activity within the Organization

Director Appointment

The activity Namdeo Shankar Zagade was appointed as a Additional Director was appointed as a Additional Director on 30 Jun 2022 & has been associated with this company since 3 years 7 months . was completed.
30 Jun 2022
Charges

The activity A charge registered on 14 Oct 2019 via Charge ID 100300508 with Others was fully satisfied on 18 Feb 2022. was completed.
18 Feb 2022
Charges

A charge registered on 15 Dec 2016 via Charge ID 100077591 with Others was fully satisfied on 18 Feb 2022. was recorded as a recent event.
18 Feb 2022
Director Appointment

The activity Milind Nilkanth Mande was appointed as a Additional Director was appointed as a Additional Director on 27 Aug 2021 & has been associated with this company since 4 years 5 months . was completed.
27 Aug 2021
Charges

A charge with Others amounted to Rs. 0.36 Cr with Charge ID 100300508 was registered on 14 Oct 2019. was recorded as a recent event.
14 Oct 2019
Director Appointment

The activity Manoj Kumar was appointed as a Additional Director was appointed as a Additional Director on 06 Jul 2019 & has been associated with this company since 6 years 7 months . was completed.
06 Jul 2019

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