MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-19-0068067
Credence Rewards Private Limited - e-commerce in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹79.38 Cr
▼ 57% YoY
Net profit · FY 2025
₹6.03 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹8.54 Lakh
EBITDA margin 0.1%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹75,010
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Credence Rewards Private Limited
Data last updated:
Credence Rewards Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the personalized gifts and merchandise segment of the e-commerce sector. It was incorporated on 21 May 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2021PTC360779. Its GSTIN is 27AAJCC4980B1ZO (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹75,010. It is led by directors including Bhavik Rajubhai Samani and Raju Ramji Samani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 506 5th Floor C Wing Neelkanth Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹79.38 Cr, a decline of 57% compared to the previous year. For the same year it recorded a net profit of ₹6.03 Lakh (net margin 0.1%) and EBITDA of ₹8.54 Lakh (EBITDA margin 0.1%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years.
The company is associated with 1 brand: Credence Rewards.
Credence Rewards Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0068067). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website credencerewards.com.
Company details
CIN U74999MH2021PTC360779
Registration Number 360779
Incorporation Date 21 May 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0068067
Recognitions & Rankings of Credence Rewards
Contact details
Credence Rewards Private Limited's registered office is in Mumbai, Maharashtra. Its website is credencerewards.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address506 5th Floor C Wing Neelkanth Business Park, Kirol Village Vidyavihar (W), Mumbai, Maharashtra, India – 400086
- IndustryE-Commerce, Personalized Gifts & Merchandise
To see the full contact details of Credence Rewards Private Limited, buy the company report.
Comprehensive company report
Credence Rewards 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 Rewards operates one associated brand: Credence Rewards. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates a direct-to-consumer brand for digital and physical gift cards. | credencerewards.com |
Business activity
The main business activity of Credence Rewards is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Credence Rewards Private Limited, buy the company report.
Financials of Credence Rewards Private Limited
FY 2025 filings availableCredence Rewards Private Limited reported revenue of ₹79.38 Cr (down 57% YoY) for FY 2025.
Revenue · FY 2025
₹79.38 Cr ▼ 57%
Net profit · FY 2025
₹6.03 Lakh margin 0.1%
EBITDA · FY 2025
₹8.54 Lakh margin 0.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 57%
3 years · compounded
▼ 33%
EBITDA CAGR growth
1 year
▼ 90%
3 years · compounded
▼ 41%
Revenue has declined at a compounded annual rate (CAGR) of 33% over three years, including a 57% fall in the latest year. EBITDA fell 90% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹8.54 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹6.03 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0.1% | |||
| Net Profit Margin | 0.1% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Credence Rewards Private Limited, buy the company report.
Board of directors of Credence Rewards Private Limited
Credence Rewards has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavik Rajubhai Samani | Director | 21 May 2021 | 5 Years 5 Months | Current |
| Raju Ramji Samani | Director | 21 May 2021 | 5 Years 5 Months | Current |
| Chhaya Raju Shamani | Director | 30 Sep 2024 | 2 Years 1 Months | Current |
Auditor
Credence Rewards Private Limited is audited by Amit Kansara and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Amit Kansara and Associates | FY 2023 | 135097W |
Shareholding
The shareholding of Credence Rewards Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Credence Rewards Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Credence Rewards 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 Rewards Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Credence Rewards Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
Active EPFO establishments
1
GST
Credence Rewards has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCC4980B1ZO | Maharashtra | Active | 02 Jun 2021 |
To see the full GST registrations and return filing status of Credence Rewards Private Limited, buy the company report.
Recent activity
Credence Rewards Private Limited has 3 board changes on record since 2021: 3 appointments. The latest: Chhaya Raju Shamani was appointed as Director on 30 Sep 2024.
AGM
Credence Rewards Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Credence Rewards Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Chhaya Raju Shamani was appointed as Director.
Appointed
Bhavik Rajubhai Samani was appointed as Director.
Appointed
Raju Ramji Samani was appointed as Director.
Incorporation
21 May 2021
Credence Rewards Private Limited was registered on 21 May 2021 with Roc Mumbai & aged 5 years 5 months as per MCA records.
Frequently asked questions
Credence Rewards is an active private limited company based in Mumbai, Maharashtra, India. The company works in personalized gifts and merchandise, within the e-commerce industry. It was incorporated on 21 May 2021 (5+ years old) and is registered under CIN U74999MH2021PTC360779.
Credence Rewards has 3 current directors:
- Bhavik Rajubhai Samani - Director
- Raju Ramji Samani - Director
- Chhaya Raju Shamani - Director
The latest financial statements of Credence Rewards on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Credence Rewards is 27AAJCC4980B1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Credence Rewards is U74999MH2021PTC360779. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Credence Rewards was incorporated on 21 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
Chhaya Raju Shamani was appointed as Director on 30 Sep 2024. Bhavik Rajubhai Samani was appointed as Director on 21 May 2021. Raju Ramji Samani was appointed as Director on 21 May 2021.
Yes, Credence Rewards is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0068067).
Credence Rewards can be reached through the website credencerewards.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Credence Rewards is at 506 5th Floor C Wing Neelkanth Business Park, Kirol Village Vidyavihar W, Mumbai, Maharashtra, India – 400086.
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