MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-33-0092302
Credence Remedies Private Limited - pharma in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.41 Cr
▲ 21% YoY
Net profit · FY 2025
₹1.83 Lakh
Net margin 0.2%
EBITDA · FY 2025
₹39.47 Lakh
EBITDA margin 5.3%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Open charges
₹3.2 Cr
Satisfied ₹4.25 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
14
Provident fund records
About Credence Remedies Private Limited
Data last updated:
Credence Remedies Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the animal pharmaceuticals and healthcare segment of the pharmaceuticals sector. It was incorporated on 12 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85191MH2011PTC223844.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Pallavi Amol Sule and Amol Chandrashekar Sule.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office No.313 3rd Floor Puranik Capitol, Kasarvadavali Gb Road Thane, Maharashtra, India – 400615.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.41 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹1.83 Lakh (net margin 0.2%) and EBITDA of ₹39.47 Lakh (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 1% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Credence Remedies. As per MCA filings, the company has open charges of ₹3.2 Cr and satisfied charges of ₹4.25 Cr on record.
Credence Remedies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0092302). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website credenceremedies.net.
Company details
CIN U85191MH2011PTC223844
Registration Number 223844
Incorporation Date 12 November 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-33-0092302
Key People
Pallavi Amol Sule Director Amol Chandrashekar Sule Director Dharm Prakash Tripathi Director Recognitions & Rankings of Credence Remedies
Contact details
Credence Remedies Private Limited's registered office is in Thane, Maharashtra. Its website is credenceremedies.net. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOffice No.313 3rd Floor Puranik Capitol, Kasarvadavali Gb Road Thane, Maharashtra, India – 400615
- IndustryPharma, Animal Pharmaceuticals & Healthcare
To see the full contact details of Credence Remedies Private Limited, buy the company report.
Comprehensive company report
Credence Remedies 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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Brands
Credence Remedies operates one associated brand: Credence Remedies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Veterinary medicines and feed supplements are offered by Credence Remedies in the agriculture sector. | credenceremedies.com |
Business activity
The main business activity of Credence Remedies is manufacturing. In detail, this covers manufacture of chemicals and chemical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 20 | Manufacture of chemicals and chemical products |
To see the full business activity and turnover split of Credence Remedies Private Limited, buy the company report.
Financials of Credence Remedies Private Limited
FY 2024 filings availableCredence Remedies Private Limited reported revenue of ₹7.41 Cr (up 21% YoY) for FY 2025.
Revenue · FY 2025
₹7.41 Cr ▲ 21%
Net profit · FY 2025
₹1.83 Lakh margin 0.2%
EBITDA · FY 2025
₹39.47 Lakh margin 5.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 23%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 23%
3 years · compounded
▼ 12%
5 years · compounded
▼ 2%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 21% growth in the latest year. EBITDA rose 23% 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 | ₹39.47 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.83 Lakh | ||||
| 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 | 5.3% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Credence Remedies Private Limited, buy the company report.
Board of directors of Credence Remedies Private Limited
Credence Remedies has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pallavi Amol Sule Also directs: Keyur Animal Healthcare Private Limited | Director | 12 Nov 2011 | 14 Years 11 Months | Current |
| Amol Chandrashekar Sule Also directs: Keyur Animal Healthcare Private Limited | Director | 12 Nov 2011 | 14 Years 11 Months | Current |
| Dharm Prakash Tripathi | Director | 22 Apr 2024 | 2 Years 6 Months | Current |
| Avinash Sitaram Karkhanis | Director | 08 Nov 2019 | 6 Years 11 Months | Current |
| Dharam Prakash Tripathi | Director | 22 Apr 2024 | 2 Years 6 Months | Current |
Auditor
Credence Remedies Private Limited is audited by T MITTAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T MITTAL & ASSOCIATES | FY 2023 | 016284C |
Shareholding
The shareholding of Credence Remedies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Credence Remedies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.2 Cr
Satisfied charges
₹4.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Aug 2020 | 100355239 | Others | ₹40 Lakh | Open | |
| 09 Jun 2020 | 100342368 | Others | ₹20 Lakh | Open | |
| 30 Mar 2017 | 100091381 | Others | ₹85 Lakh | Open | |
| 30 Mar 2017 | 100091382 | Others | ₹1.75 Cr | Open | |
| 17 Nov 2015 | 10605988 | Indusind Bank Ltd. | ₹2.65 Cr | Satisfied |
To see the full charge records of Credence Remedies Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
No court or tribunal cases involving Credence Remedies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Credence Remedies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Credence Remedies Private Limited has a workforce of 14 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
14
Active EPFO establishments
1
Employee growth
-26.32%
GST
No GST registration is on our record for Credence Remedies Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Credence Remedies Private Limited has 7 board changes on record since 2011: 5 appointments and 2 cessations. The latest: Dharam Prakash Tripathi ceased to be Additional Director on 29 Sep 2024.
Charges
A charge with Others of Rs. 85.00 Lakh registered on 30 Mar 2017 with Charge ID 100091381 was modified on 02 Aug 2025.
Charges
A charge with Others of Rs. 175.00 Lakh registered on 30 Mar 2017 with Charge ID 100091382 was modified on 02 Aug 2025.
AGM
Credence Remedies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Dharam Prakash Tripathi ceased to be Additional Director.
Appointed
Dharam Prakash Tripathi was appointed as Director.
Appointed
Dharm Prakash Tripathi was appointed as Director.
Filing
Credence Remedies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Avinash Sitaram Karkhanis ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 40.00 Lakh with Charge ID 100355239 was registered on 03 Aug 2020.
Charges
A charge with Others amounted to Rs. 20.00 Lakh with Charge ID 100342368 was registered on 09 Jun 2020.
Appointed
Avinash Sitaram Karkhanis was appointed as Director.
Charges
A charge registered on 17 Nov 2015 via Charge ID 10605988 with Indusind Bank Ltd. was fully satisfied on 11 Apr 2017.
11 earlier events are in the company report.
Frequently asked questions
Credence Remedies is an active private limited company based in Thane, Maharashtra, India. The company works in animal pharmaceuticals and healthcare, within the pharma industry. It was incorporated on 12 November 2011 (15+ years old) and is registered under CIN U85191MH2011PTC223844.
Credence Remedies has 5 current directors:
- Pallavi Amol Sule - Director
- Amol Chandrashekar Sule - Director
- Dharm Prakash Tripathi - Director
- Avinash Sitaram Karkhanis - Director
- Dharam Prakash Tripathi - Director
The latest financial statements of Credence Remedies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Credence Remedies is U85191MH2011PTC223844. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Credence Remedies was incorporated on 12 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Dharam Prakash Tripathi ceased to be Additional Director on 29 Sep 2024. Dharam Prakash Tripathi was appointed as Director on 22 Apr 2024. Dharm Prakash Tripathi was appointed as Director on 22 Apr 2024. Credence Remedies has 7 board changes on record in total.
Yes, Credence Remedies is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0092302).
Credence Remedies can be reached through the website credenceremedies.net. Its registered office is in Thane, Maharashtra, India.
The registered office of Credence Remedies is at Office No.313 3rd Floor Puranik Capitol, Kasarvadavali Gb Road Thane, Maharashtra, India – 400615.
Credence Remedies operates in the pharma industry, in the animal pharmaceuticals and healthcare segment.
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