About Credence Solar Panels Private Limited
Data last updated: 10 February 2026
Credence Solar Panels Private Limited is a private limited company based in Rajkot, Gujarat, India. It specialises in power equipment manufacturers, a part of the broader energy and power sector. Incorporated on 27 April 2021, the company has been in operation for over 5 years.
Registered with ROC Ahmedabad under CIN U40106GJ2021PTC122303.
Capital: an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹7.5 Cr. It is led by directors Ashvinkumar Chakubhai Boda and Umeshbhai Chakubhai Boda.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Somnath Society – 1 Street No. 5 B/H Akshar Appartment 150 Feet Ring Road, Rajkot, Gujarat, India – 360005.
As per the financials filed for FY 2025, the company reported a revenue of ₹245.73 Cr, reflecting significant growth compared to the previous year.
The company has a workforce of approximately 189 employees as per the latest available data.
The company is associated with 1 brand - Credence Solar. As per MCA filings, the company has open charges of ₹416.65 Cr and satisfied charges of ₹25.22 Cr on record.
For more details, the company can be reached via its website credencesolar.com.
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Registered AddressSomnath Society – 1 Street No. 5 B/H Akshar Appartment 150 Feet Ring Road, Rajkot, Gujarat, India – 360005
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IndustryEnergy and Power, Power Equipment Manufacturers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Credence Solar Panels Private Limited
Credence Solar Panels Private Limited operates one associated brand: Credence Solar. These brands represent Credence Solar Panels Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Credence Solar produces high-performance solar modules for energy independence worldwide. | credencesolar.com |
Competitors & Alternatives of Credence Solar Panels Private Limited
Brands and companies operating in the same space as Credence Solar Panels Private Limited include Servoteh, Borosil Renewables, SuKam Solar and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Servoteh
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Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs | Delhi, India, India | 2004 |
Borosil Renewables
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Solar glass is manufactured by Borosil Renewables for photovoltaic applications. | Mumbai, India, India | 1962 |
SuKam Solar
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Provider of range of products and services, including solar panels, inverters, and LED street lights for homes and industries | Gurugram, India, India | 1998 |
Gautam Solar
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Manufactures solar modules and power plants with high-efficiency technology in India. | Delhi, India, India | 1997 |
Nessa
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Offers solar consumer goods | Ahmedabad, India, India | 2008 |
HVR Solar
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Manufactures solar panels, batteries, and modules for renewable energy solutions in India. | Delhi, India, India | 2016 |
Ksolare Energy
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Manufactures solar inverters and EV chargers for renewable energy solutions. | Pune, India, India | 2012 |
KOSOL Energie
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Manufactures solar products, provides renewable energy systems, and offers EPC services internationally. | Ahmedabad, India, India | 2005 |
Dhash PV
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Provides comprehensive solutions for PV junction boxes, connectors, and cables for solar panels. | Bengaluru, India, India | 2017 |
Business Activity of Credence Solar Panels Private Limited
Credence Solar Panels Private Limited is engaged in the principal business activity of electricity, gas, steam and air condition supply, with detailed activities including electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details for Credence Solar Panels Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Credence Solar Panels Private Limited
Credence Solar Panels Private Limited is audited by R. JAVIYA & CO for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R. JAVIYA & CO | Locked | Locked | Locked |
Complete auditor history for Credence Solar Panels Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Credence Solar Panels Private Limited
Credence Solar Panels Private Limited is governed by 2 directors who oversee the company's operations and strategic decisions.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Ashvinkumar Chakubhai Boda
Also directs:
Dence Industries Llp, Texon Fabrics Private Limited, Sstr Metal India Private Limited and 3 more
|
Director | 27 Apr 2021 | 5 Years 3 Months | Current |
|
Umeshbhai Chakubhai Boda
Also directs:
Dence Industries Llp, Texon Fabrics Private Limited, Deepjyot Engineers Private Limited and 1 more
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Director | 27 Apr 2021 | 5 Years 3 Months | Current |
Financials of Credence Solar Panels Private Limited FY 2025 filings available
Credence Solar Panels Private Limited reported revenue of ₹245.73 Cr (up 171.00% YoY) for FY 2025.
Ten-year financial statements for Credence Solar Panels Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Credence Solar Panels Private Limited
Shareholding and ownership data for Credence Solar Panels Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Credence Solar Panels Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Dec 2025 | Others | ₹114 Cr | Open |
| 03 Apr 2025 | Others | ₹209.87 Cr | Open |
| 31 Jul 2024 | Hdfc Bank Limited | ₹12.98 Lakh | Open |
| 09 Nov 2023 | Hdfc Bank Limited | ₹21.67 Cr | Open |
| 29 Sep 2023 | Hdfc Bank Limited | ₹70.98 Cr | Open |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Credence Solar Panels Private Limited
Credence Solar Panels Private Limited has a workforce of 189 employees as of Sep 26, 2025.
Employee and EPFO history for Credence Solar Panels Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Credence Solar Panels Private Limited
GST registrations and filing compliance for Credence Solar Panels Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Credence Solar Panels Private Limited
Credit ratings, litigation, and regulatory alerts for Credence Solar Panels Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Credence Solar Panels Private Limited
MSME payment history for Credence Solar Panels Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Credence Solar Panels Private Limited
Corporate group structure for Credence Solar Panels Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Credence Solar Panels Private Limited
MCA filings and documents for Credence Solar Panels Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Credence Solar Panels Private Limited
Frequently Asked Questions about Credence Solar Panels Private Limited
Credence Solar Panels Private Limited is an active private limited company in the energy and power sector based in Rajkot, Gujarat, India. It was incorporated on 27 April 2021 (5+ years old) and is registered under CIN U40106GJ2021PTC122303. The company has 189 employees.
Credence Solar Panels Private Limited reported revenue of ₹245.73 Cr for FY 2025 (up 171.00% YoY).
The current directors of Credence Solar Panels Private Limited are:
- Ashvinkumar Chakubhai Boda - Director
- Umeshbhai Chakubhai Boda - Director
The primary industry of Credence Solar Panels Private Limited is energy and power. The company specifically operates in power equipment manufacturers. The company is currently active in this sector.
Credence Solar Panels Private Limited can be reached at the registered office: Somnath Society – 1 Street No. 5 BH Akshar Appartment 150 Feet Ring Road, Rajkot, Gujarat, India – 360005, or through the website credencesolar.com.
The authorised capital is ₹7.5 Cr, and the paid-up capital is ₹7.5 Cr.