About Credencys Solutions Private Limited
Data last updated:
Credencys Solutions Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 04 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2012PTC070587. Its GSTIN is 24AAFCB0515R1ZN (Gujarat).
The company has an authorised share capital of ₹21 Lakh and a paid-up capital of ₹16.99 Lakh. It was formerly known as Bevond Retail Private Limited and Bevond Retails Private Limited. It is led by directors including Natasha Sandeep Agrawal and Sagar Krishankumar Sharma.
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 205 Akshat Avenue Rashmi Society Opp. Cross Words Mithakhali, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.87 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net loss of ₹4.25 Cr (net margin -19.4%) and EBITDA of -₹3.11 Cr (EBITDA margin -14.2%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years.
The company has about 66 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Credencys Solutions. As per MCA filings, the company has open charges of ₹4.3 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website credencys.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address205 Akshat Avenue Rashmi Society Opp. Cross Words Mithakhali, Ahmedabad, Gujarat, India – 380009
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Credencys Solutions Private Limited
The main business activity of Credencys Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | 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 Credencys Solutions Private Limited FY 2025 filings available
Credencys Solutions Private Limited reported revenue of ₹21.87 Cr (down 29% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Credencys Solutions Private Limited
Revenue fell 29% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 311% 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 of Credencys Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹3.11 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.25 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Credencys Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -14.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -19.4% | •••• | •••• | •••• | •••• |
| 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 Credencys Solutions are in the company report.
Financial statements from 2015
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 Credencys Solutions Private Limited
Credencys Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Uniken India Private Limited | •••• | •••• | •••• | •••• | 109 | Pune City, Maharashtra, India |
| Baxter Planning Systems India Private Limited | •••• | •••• | •••• | •••• | 69 | Pune City, Maharashtra, India |
| Kadel Labs Private Limited | •••• | •••• | •••• | •••• | 181 | Bengaluru, Karnataka, India |
| Datum Cybertech India Private Limited | •••• | •••• | •••• | •••• | 67 | Shaikpet, Telangana, India |
| Ecolibrium Private Limited | •••• | •••• | •••• | •••• | 55 | Bangalore, Karnataka, India |
| Credencys Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Ldra Technology Private Limited | •••• | •••• | •••• | •••• | 43 | Bangalore, Karnataka, India |
| Glodyne Technoserve Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Streebo Solutions Limited | •••• | •••• | •••• | •••• | 50 | Ahmedabad, Gujarat, India |
| Acesoft Labs (India) Private Limited | •••• | •••• | •••• | •••• | 102 | Marathahalli Outer Ring Rd Bengaluru, Karnataka, India |
| Avighna Meditech Solutions Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Credencys Solutions by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Credencys Solutions Private Limited
Credencys Solutions Private Limited is audited by M PARMAR & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M PARMAR & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Credencys Solutions Private Limited
Credencys Solutions has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Natasha Sandeep Agrawal Also directs: Talash Infosoft Private Limited, QL Fintech Private Limited | Director | 19 Jan 2013 | 13 Years 8 Months | Current |
| Sagar Krishankumar Sharma | Director | 04 Jun 2012 | 14 Years 4 Months | Current |
| Sandeep Maheshkumar Agrawal Also directs: Talash Infosoft Private Limited, QL Fintech Private Limited | Director | 04 Jun 2012 | 14 Years 4 Months | Current |
Ownership and Shareholding of Credencys Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Credencys Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Nov 2022 | Others | ₹2.8 Cr | Open |
| 05 Jan 2017 | Others | ₹1.5 Cr | Open |
Total charge records: 2 View all charges
Associated Brands with Credencys Solutions Private Limited
Credencys Solutions operates one associated brand: Credencys Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Technology services for mobile, web, IoT, BigData and Cloud | credencys.com |
Employees and EPFO Compliance at Credencys Solutions Private Limited
Credencys Solutions Private Limited has a workforce of 66 employees as of Jul 20, 2024.
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.
Name History of Credencys Solutions Private Limited
Credencys Solutions has undergone 2 name changes throughout its history. The company was previously known as Bevond Retail Private Limited, and Bevond Retails Private Limited. The current legal name is Credencys Solutions Private Limited.
| Company Name | Status |
|---|---|
| Credencys Solutions Private Limited | Current |
| Bevond Retail Private Limited | Previous |
| Bevond Retails Private Limited | Previous |
CIN History of Credencys Solutions Private Limited
Credencys Solutions has one previous CIN (Corporate Identification Number): U52100GJ2012PTC070587. The current CIN is U72900GJ2012PTC070587, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900GJ2012PTC070587 | Current |
| U52100GJ2012PTC070587 | Previous |
Recent Activity on Credencys Solutions Private Limited
Credencys Solutions Private Limited has 9 board changes on record since 2012: 6 appointments and 3 cessations. The latest: Prashant Sushil Deorah ceased to be Director on 14 Sep 2022.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Credencys Solutions 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 Credencys Solutions 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 Credencys Solutions 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 Credencys Solutions Private Limited
Credencys Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCB0515R1ZN | Gujarat | Active | 01 Jul 2017 |
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 Credencys Solutions 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 Credencys Solutions Private Limited
Credencys Solutions is an active private limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 04 June 2012 (14+ years old) and is registered under CIN U72900GJ2012PTC070587.
Credencys Solutions reported revenue of ₹21.87 Cr for FY 2025 (down 29% YoY).
Credencys Solutions has 3 current directors:
- Natasha Sandeep Agrawal - Director
- Sagar Krishankumar Sharma - Director
- Sandeep Maheshkumar Agrawal - Director
Credencys Solutions reported a net loss of ₹4.25 Cr (net margin -19.4%) and EBITDA of -₹3.11 Cr (EBITDA margin -14.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Credencys Solutions is 17% over three years. In the latest year (FY 2025) revenue fell 29%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Credencys Solutions is 24AAFCB0515R1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Credencys Solutions is U72900GJ2012PTC070587. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Credencys Solutions was incorporated on 04 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Credencys Solutions by revenue are Uniken India Private Limited, Baxter Planning Systems India Private Limited, Kadel Labs Private Limited, Datum Cybertech India Private Limited, Ecolibrium Private Limited and 5 more, all in the Information Technology industry (Software Services).
Prashant Sushil Deorah ceased to be Director on 14 Sep 2022. Neville Rustum Taraporewalla ceased to be Director on 16 Aug 2018. Neville Rustum Taraporewalla was appointed as Director on 16 Sep 2014. Credencys Solutions has 9 board changes on record in total.
Credencys Solutions can be reached through the website credencys.com. Its registered office is in Ahmedabad, Gujarat, India.