Credence Property Developers Private Limited - Company Profile

It is a real estate and construction private limited company based in Mumbai, Maharashtra, India, established in 1996.

1996 Mumbai, Maharashtra, India Active

Last Updated: February 27, 2026

About Credence Property Developers Private Limited

Credence Property Developers Private Limited, a active private limited company, was established on 30 January 1996 in Mumbai, Maharashtra, India. Engaging in real estate builders & developers within the real estate sector, it holds CIN: U70100MH1996PTC096712. Registered under ROC Roc Mumbai I. it is unlisted. It has an authorized capital of ₹50.00 Cr and a paid-up capital of ₹44.37 Cr.

It upholds a compliant status. Its leadership includes Percy Chowdhry (Director), Bunty Devanand Chandwani (Director). Past directors included Chandresh Dinesh Mehta, Jennifer Noshir Sanjana, Boman Rustom Irani. It holds ₹7.27 Cr open charges and ₹145.00 Cr settled loans. Its latest AGM occurred on 16 September 2025, with the balance sheet filed on 31 March 2025. It is based at 702, Natraj, Mv Road Junction, Western Express Highway, Andheri (East),, Mumbai, Maharashtra, 400069.

Company Details

CIN/LLPIN
U70100MH1996PTC096712
Registration Number
096712
Incorporation Date
30 January 1996
Authorized Capital
₹50.00 Cr
Paid-Up Capital
₹44.37 Cr
ROC Code
Roc Mumbai I
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 50.00 Cr as on 27-02-2026
Paid Up Capital ₹ 44.37 Cr as on 27-02-2026
Company Age 30 Year, 3 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 7.27 Cr as on 27-02-2026
Satisfied Charges ₹ 145.00 Cr as on 27-02-2026
Revenue Growth **** -12.93% (FY 2023)
Profit Growth **** -162.00% (FY 2023)
Ebitda **** 151.93% (FY 2023)
Net Worth 52.16% (FY 2023)
Total Assets -5.80% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Credence Property Developers Private 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 Property Developers Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Percy Chowdhry	Director	15 Jul 2001	Current
Bunty Devanand Chandwani	Director	24 Apr 2023	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	28 Sep 2015	Past
Pramod Abcsdd	Director	10 Dec 2016	Past
Pramod Abcsdd	Director	11 Mar 2011	Past
Pramod Abcsdd	Additional Director	18 Sep 2023	Past
Pramod Abcsdd	Director	23 Dec 2014	Past
Pramod Abcsdd	Company Secretary	-	Past

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Financial Performance of Credence Property Developers.

Credence Property Developers Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 12.93% decrease. The company also saw a substantial fall in profitability, with a 162% decrease in profit. The company's net worth Soared by an impressive increase of 52.16%.

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

********

-12.93%

*******

Revenue from Operations

*******

-18.56%

*******

Total Assets

*******

-5.80%

*******

Profit or Loss

*******

-162.00%

*******

Net Worth

*******

52.16%

*******

EBITDA

*******

151.93%

*******

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What is the Ownership and Shareholding Structure of Credence Property Developers?

In 2023, Credence Property Developers had a promoter holding of 100.00%. 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

₹72,650,000.00

Satisfied Charges

₹1,450,000,000.00

Charges Breakdown by Lending Institutions

Others : 7.27 Cr

Latest Charge Details

Date	Lender	Amount	Status
13 Aug 2021	Others	₹7.27 Cr	Open
28 Jul 2020	Others	₹25.00 Cr	Satisfied
10 Mar 2017	Others	₹70.00 Cr	Satisfied
23 Jun 2015	Jm Financial Credit Solutions Limited	₹50.00 Cr	Satisfied

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How Many Employees Work at Credence Property Developers?

Credence Property Developers has a workforce of 0 employees as of Mar 28, 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 Property Developers, 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 Property Developers'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 Property Developers

Recent Activity within the Organization

Annual General Meeting

Progress on Credence Property Developers Private Limited last Annual general meeting of members was held on 16 Sep 2025 as per latest MCA records. was documented.
16 Sep 2025
Balance Sheet

The activity Credence Property Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I. was completed.
31 Mar 2025
Director Appointment

Jigisha Pukhraj Parihar was appointed as a Company Secretary was appointed as a Company Secretary on 17 Feb 2025 & has been associated with this company since 1 year 3 months . was recorded as a recent event.
17 Feb 2025
Director Appointment

Bunty Devanand Chandwani was appointed as a Director was appointed as a Director on 24 Apr 2023 & has been associated with this company since 3 years 1 month . was recorded as a recent event.
24 Apr 2023
Charges

Progress on A charge registered on 28 Jul 2020 via Charge ID 100360549 with Others was fully satisfied on 22 Aug 2022. was documented.
22 Aug 2022
Charges

Progress on A charge with Others amounted to Rs. 7.27 Cr with Charge ID 100476349 was registered on 13 Aug 2021. was documented.
13 Aug 2021

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