Credence Tools Private Limited
About Credence Tools Private Limited
Data last updated:
Credence Tools Private Limited is a private limited company based in Bareilly, Uttar Pradesh, India. It operates in the home appliances segment of the electronics sector. It was incorporated on 25 October 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U29309UP2021PTC154495.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10,000. It is led by directors Vishant Sarpal and Pooja Sarpal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C 27 Rajendra Nagar Bareilly, Uttar Pradesh, India – 243122.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.75 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹48.02 Lakh (net margin 4.5%) and EBITDA of ₹48.9 Lakh (EBITDA margin 4.5%).
The company has about 11 employees on its provident fund (EPFO) records.
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- Registered AddressC 27 Rajendra Nagar Bareilly, Uttar Pradesh, India – 243122
- IndustryElectrnoics, Home Appliance, Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Credence Tools Private Limited
The main business activity of Credence Tools is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Credence Tools Private Limited FY 2024 filings available
Credence Tools Private Limited reported revenue of ₹10.75 Cr (up 40% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Credence Tools Private Limited
Revenue rose 40% in the latest year. EBITDA rose 93% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Credence Tools Private Limited
| Metrics | 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 | ₹48.9 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹48.02 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 of Credence Tools Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 4.5% | •••• | •••• |
| Net Profit Margin | 4.5% | •••• | •••• |
| 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 | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Credence Tools are in the company report.
Financial statements from FY 2022
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Credence Tools Private Limited
Credence Tools Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution). Its own revenue is ₹10.75 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maheshwari Traders (Kolkata) Private Limited | ₹10.83 Cr | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Inovex Engineering Private Limited | ₹10.81 Cr | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Avensis Engineering Private Limited | ₹10.79 Cr | •••• | •••• | •••• | - | Tirumalagiri, Telangana, India |
| Sankar Iron Engg. Works Pvt Ltd | ₹10.78 Cr | •••• | •••• | •••• | - | Howrah, West Bengal, India |
| Hanumantvijay Engitech Private Limited | ₹10.76 Cr | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Credence Tools Private Limited this company | ₹10.75 Cr | •••• | •••• | •••• | - | Bareilly, Uttar Pradesh, India |
| Sipa India Private Limited | ₹10.74 Cr | •••• | •••• | •••• | 14 | Mumbai, Maharashtra, India |
| Semi-Gen Systems Private Limited | ₹10.73 Cr | •••• | •••• | •••• | - | Panvel, Maharashtra, India |
| Carroty Weaving Equipment Private Limited | ₹10.7 Cr | •••• | •••• | •••• | - | Surat, Gujarat, India |
| Chempro Technovation Private Limited | ₹10.7 Cr | •••• | •••• | •••• | - | Daskroi, Gujarat, India |
| Shri Ganpati Trading Private Limited | ₹10.69 Cr | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Credence Tools by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), from the latest filed financials of each company. Net profit, margin and growth of each peer are in the company report.
Board of Directors of Credence Tools Private Limited
Credence Tools has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishant Sarpal | Director | 12 Nov 2022 | 3 Years 10 Months | Current |
| Pooja Sarpal | Director | 12 Nov 2022 | 3 Years 10 Months | Current |
Charges & Borrowings of Credence Tools Private Limited
Credence Tools Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Credence Tools Private Limited
Employment history and EPFO contributions of people linked to Credence Tools.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Credence Tools Private Limited
Credence Tools Private Limited has 6 board changes on record since 2022: 4 appointments and 2 cessations. The latest: Anita Punia ceased to be Additional Director on 05 Dec 2022.
Credit Ratings, Litigation & Regulatory Alerts for Credence Tools Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- 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 Tools Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Credence Tools Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Credence Tools Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Credence Tools Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Credence Tools Private Limited
Credence Tools is an active private limited company based in Bareilly, Uttar Pradesh, India. The company works in home appliance, within the electronics industry. It was incorporated on 25 October 2021 (5+ years old) and is registered under CIN U29309UP2021PTC154495.
Credence Tools reported revenue of ₹10.75 Cr for FY 2024 (up 40% YoY).
Credence Tools has 2 current directors:
- Vishant Sarpal - Director
- Pooja Sarpal - Director
Credence Tools reported a net profit of ₹48.02 Lakh (net margin 4.5%) and EBITDA of ₹48.9 Lakh (EBITDA margin 4.5%) for FY 2024, as per its filed financial statements.
The CIN (Corporate Identification Number) of Credence Tools is U29309UP2021PTC154495. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Credence Tools was incorporated on 25 October 2021, making it 5+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Credence Tools by revenue are Maheshwari Traders (Kolkata) Private Limited, Inovex Engineering Private Limited, Avensis Engineering Private Limited, Sankar Iron Engg. Works Pvt Ltd, Hanumantvijay Engitech Private Limited and 5 more, all in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution).
Anita Punia ceased to be Additional Director on 05 Dec 2022. Vikas Kumar ceased to be Additional Director on 05 Dec 2022. Pooja Sarpal was appointed as Director on 12 Nov 2022. Credence Tools has 6 board changes on record in total.
The registered office of Credence Tools is at C 27 Rajendra Nagar Bareilly, Uttar Pradesh, India – 243122.
Credence Tools has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10,000.
Credence Tools operates in the electronics industry, in the home appliance segment.