Credence Solar Panels Private Limited Company Logo

Credence Solar Panels Private Limited - Company Profile

It is a energy and power private limited company based in Rajkot, Gujarat, India, established in 2021.

2021 | Rajkot, Gujarat, India | Active
Last Updated:

About Credence Solar Panels Private Limited

Credence Solar Panels Private Limited, a active private limited company, was established on 27 April 2021 in Rajkot, Gujarat, India. Engaging in power equipment manufacturers within the electricity, gas, steam and air condition supply sector, it holds CIN: U40106GJ2021PTC122303. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹7.50 Cr and a paid-up capital of ₹7.50 Cr.

Employing 189 professional, Its leadership includes Ashvinkumar Chakubhai Boda (Director), Umeshbhai Chakubhai Boda (Director). It holds ₹302.65 Cr open charges and ₹25.22 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Somnath Society -1, Street No. 5, B/H Akshar Appartment,150 Feet Ring Road, Rajkot, Gujarat, 360005.

Company Details

  • CIN/LLPIN

    U40106GJ2021PTC122303

  • Registration Number

    122303

  • Incorporation Date

    27 April 2021

  • Authorized Capital

    ₹7.50 Cr

  • Paid-Up Capital

    ₹7.50 Cr

  • ROC Code

    Roc Ahmedabad

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 7.50 Cr
  • Paid Up Capital ₹ 7.50 Cr
  • Company Age 4 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 302.65 Cr
  • Satisfied Charges ₹ 25.22 Cr
  • Revenue Growth 55.92%
  • Profit Growth 4504.35%
  • Ebitda 18.23%
  • Net Worth 25.61%
  • Total Assets 43.16%
Company report

Credence Solar Panels Private Limited

Company Report FY 2025-2026

Explore comprehensive insights into Credence Solar Panels 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 Solar Panels Private Limited?

Current Directors

NameDesignationAppointment DateStatus
Ashvinkumar Chakubhai BodaDirector27 Apr 2021Current
Umeshbhai Chakubhai BodaDirector27 Apr 2021Current

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Financial Performance of Credence Solar Panels.

Credence Solar Panels Private Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 55.92% increase. The company also saw a substantial improvement in profitability, with a 4504.35% increase in profit. The company's net worth Soared by an impressive increase of 25.61%.

Credence Solar Panels revenue growth over time
Credence Solar Panels profit and loss trends over time
  • 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
55.92%
Revenue from Operations
55.47%
Total Assets
43.16%
Profit or Loss
4504.35%
Net Worth
25.61%
EBITDA
18.23%

What is the Ownership and Shareholding Structure of Credence Solar Panels?

In 2024, Credence Solar Panels had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

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Charges (Loans)

Open Charges

₹3,026,506,176.00

Satisfied Charges

₹252,200,000.00

Charges Breakdown by Lending Institutions

  • Others : 209.87 Cr
  • Hdfc Bank Limited : 92.78 Cr

Latest Charge Details

DateLenderAmountStatus
03 Apr 2025Others₹209.87 CrOpen
31 Jul 2024Hdfc Bank Limited₹1.30 MOpen
09 Nov 2023Hdfc Bank Limited₹21.67 CrOpen
29 Sep 2023Hdfc Bank Limited₹70.98 CrOpen
08 Dec 2021Others₹25.22 CrSatisfied

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How Many Employees Work at Credence Solar Panels?

Credence Solar Panels has a workforce of 189 employees as of Sep 26, 2025. 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 growth trends for Credence Solar Panels Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Credence Solar Panels, 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 Solar Panels'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.

Latest Updates, News, and FAQs on Credence Solar Panels

Recent Activity within the Organization

  • Charges

    Progress on A charge with Others amounted to Rs. 209.87 Cr with Charge ID 101073894 was registered on 03 Apr 2025. was documented.

  • Charges

    Progress on A charge with Hdfc Bank Limited of Rs. 21.67 Cr registered on 09 Nov 2023 with Charge ID 100834734 was modified on 06 Dec 2024. was documented.

  • Charges

    Progress on A charge with Hdfc Bank Limited of Rs. 70.98 Cr registered on 29 Sep 2023 with Charge ID 100804608 was modified on 06 Dec 2024. was documented.

  • Annual General Meeting

    Progress on Credence Solar Panels Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Charges

    The activity A charge with Hdfc Bank Limited amounted to Rs. 0.13 Cr with Charge ID 100955899 was registered on 31 Jul 2024. was completed.

  • Balance Sheet

    Credence Solar Panels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad. was recorded as a recent event.

Frequently Asked Questions

  • What is the CIN of Credence Solar Panels Private Limited?

    The CIN of Credence Solar Panels Private Limited is U40106GJ2021PTC122303.

  • Where is Credence Solar Panels Private Limited headquartered?

    Credence Solar Panels Private Limited is headquartered at Somnath Society -1, Street No. 5, B/H Akshar Appartment,150 Feet Ring Road, Rajkot, Gujarat, 360005.

  • When was Credence Solar Panels Private Limited incorporated?

    Credence Solar Panels Private Limited was incorporated on 27 April 2021.

  • Who are the current directors of Credence Solar Panels Private Limited?

    The current directors of Credence Solar Panels Private Limited are

  • What is the primary industry of Credence Solar Panels Private Limited?

    The primary industry of Credence Solar Panels Private Limited is Electricity, Gas, Steam And Air Condition Supply.

  • Is Credence Solar Panels Private Limited a listed company?

    Credence Solar Panels Private Limited is unlisted.

  • What is the capital structure of Credence Solar Panels Private Limited?

    The authorized capital of Credence Solar Panels Private Limited is ₹7.50 Cr, and the paid-up capital is ₹7.50 Cr.

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