MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0031809
Credence Property Developers Private Limited - real estate and construction in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹30.53 Cr
▼ 62% YoY
Net profit · FY 2025
₹3.54 Cr
Net margin 11.6%
EBITDA · FY 2025
₹11.67 Cr
EBITDA margin 38.2%
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹44.37 Cr
Issued & subscribed
Open charges
₹7.27 Cr
Satisfied ₹145 Cr
Company age
30 yrs
Est. 1996
Directors on board
2
As per MCA filings
About Credence Property Developers Private Limited
Data last updated:
Credence Property Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Keystone Realtors Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 30 January 1996 and has been in existence for over 30 years.
Its director Percy Sorabji Chowdhry is #1,673 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1996PTC096712. Its GSTIN is 27AABCC9387Q1ZQ (Maharashtra).
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹44.37 Cr. It is led by directors Percy Chowdhry and Bunty Devanand Chandwani.
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 702 Natraj Mv Road Junction Western Express Highway Andheri (East), Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.53 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net profit of ₹3.54 Cr (net margin 11.6%) and EBITDA of ₹11.67 Cr (EBITDA margin 38.2%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 19% over five years.
As per MCA filings, the company has open charges of ₹7.27 Cr and satisfied charges of ₹145 Cr on record. Court records list 44 cases involving the company, including 23 filed by the company and 21 filed against it; 3 cases are pending.
Credence Property Developers Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0031809). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rustomjee.com.
Company details
CIN U70100MH1996PTC096712
Registration Number 096712
Incorporation Date 30 January 1996
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 16 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Keystone Realtors Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0031809
Recognitions & Rankings of Credence Property Developers
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,673 Percy Sorabji Chowdhry ₹1,100 Cr
Contact details
Credence Property Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is rustomjee.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address702 Natraj Mv Road Junction Western Express Highway Andheri (East), Mumbai, Maharashtra, India – 400069
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Credence Property Developers Private Limited, buy the company report.
Comprehensive company report
Credence Property Developers 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 Property Developers is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Credence Property Developers Private Limited, buy the company report.
Financials of Credence Property Developers Private Limited
FY 2025 filings availableCredence Property Developers Private Limited reported revenue of ₹30.53 Cr (down 62% YoY) for FY 2025.
Revenue · FY 2025
₹30.53 Cr ▼ 62%
Net profit · FY 2025
₹3.54 Cr margin 11.6%
EBITDA · FY 2025
₹11.67 Cr margin 38.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 62%
3 years · compounded
▼ 26%
5 years · compounded
▼ 19%
EBITDA CAGR growth
1 year
▼ 57%
3 years · compounded
▲ 3%
5 years · compounded
▲ 29%
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 62% fall in the latest year. EBITDA fell 57% 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 | FY 2020-21 |
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| EBITDA | ₹11.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.54 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.2% | ||||
| Net Profit Margin | 11.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Credence Property Developers Private Limited, buy the company report.
Board of directors of Credence Property Developers Private Limited
Credence Property Developers has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Percy Chowdhry Also directs: Dreamz Dwellers LLP, Rustomjee Education World LLP, Keystone Realtors Limited and 5 more | Director | 15 Jul 2001 | 25 Years 3 Months | Current |
| Bunty Devanand Chandwani | Director | 24 Apr 2023 | 3 Years 6 Months | Current |
Auditor
Credence Property Developers Private Limited is audited by SKHD & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SKHD & Associates | FY 2023 | 105929W |
Shareholding
The shareholding of Credence Property Developers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Credence Property Developers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.27 Cr
Satisfied charges
₹145 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Aug 2021 | 100476349 | Others | ₹7.27 Cr | Open | |
| 28 Jul 2020 | 100360549 | Others | ₹25 Cr | Satisfied | |
| 10 Mar 2017 | 100085782 | Others | ₹70 Cr | Satisfied | |
| 23 Jun 2015 | 10578269 | Jm Financial Credit Solutions Limited | ₹50 Cr | Satisfied |
To see the full charge records of Credence Property Developers Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Credence Property Developers Private Limited has 44 court cases on record: 23 filed by Credence Property Developers, 21 filed against it. 3 cases are pending and 41 are disposed.
Total cases
44
Filed by the company
23
Filed against the company
21
Pending
3
Disposed
41
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 39 | 18 | 2 |
| District courts | 3 | 1 | 0 |
| Supreme Court | 2 | 2 | 1 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (APP) | Filed against the company | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by Rustomjees Central Park Co. Operative Housing Society Ltd. President Central Park, Andheri Kurla Road, Andheri (East) ,Mumbai , Maharashtra and 1 other | Pending |
| Bombay High Court | Court case (S) | Filed against the company | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Rustomjees Central Park Co-Operative Housing Society Ltd. and 2 Ors Vaishali Ankush Ugale and 2 others | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by Rustomjees Central Park Co. Operative Housing Society Ltd. Through Its President Central Park, Andheri, Kurla Road , District: Andheri East ,Mumbai , Maharashtra and 2 others | Disposed |
To see the full case history of Credence Property Developers 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 Property Developers Private Limited has 6 MSME Form 1 returns on record between 2019 and 2022, listing 37 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cooldeck Industries Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Allcon & Allcon | |||
| Klaus Multiparking Systems Pvt Ltd |
To see the full MSME payment records of Credence Property Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Credence Property Developers Private Limited has 1 active EPFO establishment as of Mar 28, 2024.
Active EPFO establishments
1
GST
Credence Property Developers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC9387Q1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Credence Property Developers Private Limited, buy the company report.
Recent activity
Credence Property Developers Private Limited has 7 board changes on record since 2001: 2 appointments and 5 cessations. The latest: Bunty Devanand Chandwani ceased to be Additional Director on 18 Sep 2023.
AGM
Credence Property Developers Private Limited last Annual general meeting of members was held on 16 Sep 2025 as per latest MCA records.
Filing
Credence Property Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Bunty Devanand Chandwani ceased to be Additional Director.
Appointed
Bunty Devanand Chandwani was appointed as Director.
Charges
A charge registered on 28 Jul 2020 via Charge ID 100360549 with Others was fully satisfied on 22 Aug 2022.
Charges
A charge with Others amounted to Rs. 7.27 Cr with Charge ID 100476349 was registered on 13 Aug 2021.
Charges
A charge with Others of Rs. 25.00 Cr registered on 28 Jul 2020 with Charge ID 100360549 was modified on 11 Aug 2021.
Charges
A charge registered on 10 Mar 2017 via Charge ID 100085782 with Others was fully satisfied on 08 Jul 2021.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100360549 was registered on 28 Jul 2020.
Charges
A charge with Others amounted to Rs. 70.00 Cr with Charge ID 100085782 was registered on 10 Mar 2017.
Charges
A charge registered on 23 Jun 2015 via Charge ID 10578269 with Jm Financial Credit Solutions Limited was fully satisfied on 10 Mar 2017.
Ceased
Jennifer Noshir Sanjana ceased to be Director.
6 earlier events are in the company report.
News
Frequently asked questions
Credence Property Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 30 January 1996 (30+ years old) and is registered under CIN U70100MH1996PTC096712.
Credence Property Developers has 2 current directors:
- Percy Chowdhry - Director
- Bunty Devanand Chandwani - Director
The latest financial statements of Credence Property Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Credence Property Developers is 27AABCC9387Q1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Credence Property Developers is U70100MH1996PTC096712. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Credence Property Developers has 44 court cases on record: 23 filed by the company and 21 filed against it. 3 are pending. Most are in the high courts.
Credence Property Developers was incorporated on 30 January 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Bunty Devanand Chandwani ceased to be Additional Director on 18 Sep 2023. Bunty Devanand Chandwani was appointed as Director on 24 Apr 2023. Jennifer Noshir Sanjana ceased to be Director on 10 Dec 2016. Credence Property Developers has 7 board changes on record in total.
Yes, Credence Property Developers is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0031809).
Credence Property Developers has 6 MSME Form 1 returns on record between 2019 and 2022, listing 37 overdue payments to 10 micro and small suppliers. The latest return was filed on 02 May 2022.
Credence Property Developers can be reached through the website rustomjee.com. Its registered office is in Mumbai, Maharashtra, India.