Credence Remedies Private Limited - Company Profile

It is a pharma private limited company based in Thane, Maharashtra, India, established in 2011.
2011 Thane, Maharashtra, India Active
Last Updated:
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About Credence Remedies Private Limited

Credence Remedies Private Limited, a active private limited company, was established on 12 November 2011 in Thane, Maharashtra, India. Engaging in animal pharmaceuticals & healthcare within the manufacturing sector, it holds CIN: U85191MH2011PTC223844. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹2.50 M and a paid-up capital of ₹2.50 M.

It upholds a compliant status. Employing 14 professional, Its leadership includes Pallavi Amol Sule (Director), Amol Chandrashekar Sule (Director), Dharm Prakash Tripathi (Director). Past directors included Avinash Sitaram Karkhanis, Dharam Prakash Tripathi. It holds ₹3.20 Cr open charges and ₹4.25 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Office No.313, 3 Rd Floor Puranik Capitol, Kasarvadavali Gb Road Thane, Thane, Maharashtra, 400615.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U85191MH2011PTC223844

  • Registration Number

    223844

  • Incorporation Date

    12 November 2011

  • Authorized Capital

    ₹2.50 M

  • Paid-Up Capital

    ₹2.50 M

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 2.50 M
  • Company Age 14 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 3.20 Cr
  • Satisfied Charges ₹ 4.25 Cr
  • Revenue Growth **** 18.15%
  • Profit Growth **** -79.90%
  • Ebitda **** -9.88%
  • Net Worth 2.15%
  • Total Assets **** 20.51%
Company report

Credence Remedies Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Credence Remedies 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 Remedies Private Limited?
Current Directors
Name Designation Appointment Date Status
Pallavi Amol Sule Director 12 Nov 2011 Current
Amol Chandrashekar Sule Director 12 Nov 2011 Current
Dharm Prakash Tripathi Director 22 Apr 2024 Current
Avinash Sitaram Karkhanis Director 08 Nov 2019 Current
Dharam Prakash Tripathi Director 22 Apr 2024 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 30 Dec 2020 Past
Pramod Abcsdd Additional Director 29 Sep 2024 Past

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Financial Performance of Credence Remedies.

Credence Remedies Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.15% increase. The company also saw a substantial fall in profitability, with a 79.9% decrease in profit. The company's net worth moved up by a moderate rise of 2.15%.

Credence Remedies revenue growth over time
Credence Remedies profit and loss trends over time
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
  • 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
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 18.15%
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Revenue from Operations
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 20.27%
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Total Assets
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 20.51%
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*******
Profit or Loss
*******
 -79.90%
*******
*******
*******
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Net Worth
*******
 2.15%
*******
*******
*******
*******
EBITDA
*******
 -9.88%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Credence Remedies?

In 2023, Credence Remedies had a promoter holding of 90.40% and a public holding of 9.60%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • 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

₹32,000,000.00

Satisfied Charges

₹42,500,000.00

Charges Breakdown by Lending Institutions
  • Others : 3.20 Cr
Latest Charge Details
Date Lender Amount Status
03 Aug 2020 Others ₹4.00 M Open
09 Jun 2020 Others ₹2.00 M Open
30 Mar 2017 Others ₹8.50 M Open
30 Mar 2017 Others ₹1.75 Cr Open
17 Nov 2015 Indusind Bank Ltd. ₹2.65 Cr Satisfied

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How Many Employees Work at Credence Remedies?

Credence Remedies has a workforce of 14 employees as of Apr 07, 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
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Credence Remedies, 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 Remedies's trajectory.

Rating
Graph displaying rating trends over time

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
Alert Indicator

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 Remedies
Recent Activity within the Organization
  • Charges

    Progress on A charge with Others of Rs. 8.50 M registered on 30 Mar 2017 with Charge ID 100091381 was modified on 02 Aug 2025. was documented.

  • Charges

    A charge with Others of Rs. 17.50 M registered on 30 Mar 2017 with Charge ID 100091382 was modified on 02 Aug 2025. was recorded as a recent event.

  • Annual General Meeting

    The activity Credence Remedies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.

  • Director Appointment

    Progress on Dharm Prakash Tripathi was appointed as a Director was appointed as a Director on 22 Apr 2024 & has been associated with this company since 1 year 9 months . was documented.

  • Director Appointment

    The activity Dharam Prakash Tripathi was appointed as a Director was appointed as a Director on 22 Apr 2024 & has been associated with this company since 1 year 9 months . was completed.

  • Balance Sheet

    Progress on Credence Remedies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was documented.

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Frequently Asked Questions
What is the CIN of Credence Remedies Private Limited?

The CIN of Credence Remedies Private Limited is U85191MH2011PTC223844.

Where is Credence Remedies Private Limited headquartered?

Credence Remedies Private Limited is headquartered at Office No.313, 3 Rd Floor Puranik Capitol, Kasarvadavali Gb Road Thane, Thane, Maharashtra, 400615.

When was Credence Remedies Private Limited incorporated?

Credence Remedies Private Limited was incorporated on 12 November 2011.

Who are the current directors of Credence Remedies Private Limited?

The current directors of Credence Remedies Private Limited are

What is the primary industry of Credence Remedies Private Limited?

The primary industry of Credence Remedies Private Limited is Manufacturing.

Is Credence Remedies Private Limited a listed company?

Credence Remedies Private Limited is unlisted.

What is the capital structure of Credence Remedies Private Limited?

The authorized capital of Credence Remedies Private Limited is ₹2.50 M, and the paid-up capital is ₹2.50 M.

What is the compliance status of Credence Remedies Private Limited?

The compliance status of Credence Remedies Private Limited is Compliant.

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