Credo Advanced Chemicals Limited

Credo Advanced Chemicals Limited - metals and minerals in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U20119GJ1995PLC064782 Incorporated 23 June 1995 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Public Limited Company metals and minerals
Revenue · FY 2026
₹250.72 Cr
▼ 10% YoY
Net profit · FY 2026
₹33.3 Cr
Net margin 13.3%
EBITDA · FY 2026
₹75.97 Cr
EBITDA margin 30.3%
Authorised capital
₹80.5 Cr
Registered with MCA
Paid-up capital
₹75 Cr
Issued & subscribed
Open charges
₹497.95 Cr
Satisfied ₹161.8 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
1
Provident fund records

About Credo Advanced Chemicals Limited

Data last updated:

Credo Advanced Chemicals Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 23 June 1995 and has been in existence for over 31 years.

Its director Rajiv Gandhi and family are #1,608 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U20119GJ1995PLC064782. Its GSTIN is 24AABCH5561P1Z9 (Gujarat).

The company has an authorised share capital of ₹80.5 Cr and a paid-up capital of ₹75 Cr. It was formerly known as Harish Share & Stock Broking Pvt. Ltd. and Harish Share & Stock Broking Pvt. Ltd. It is led by directors including Naman Madhav Patel (Managing Director) and Rakesh Sukhraj Shah (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.

As per the financials filed for FY 2026, the company reported a revenue of ₹250.72 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹33.3 Cr (net margin 13.3%) and EBITDA of ₹75.97 Cr (EBITDA margin 30.3%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 10% over five years.

The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries and 1 joint venture.

As per MCA filings, the company has open charges of ₹497.95 Cr and satisfied charges of ₹161.8 Cr on record. The company has 1 deal on record (1 acquisition); the latest was in December 2013.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website credo.co.in.

Company details

CIN U20119GJ1995PLC064782
Registration Number 064782
Incorporation Date 23 June 1995
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant

Name history

Credo Advanced Chemicals has undergone 6 name changes throughout its history. The current legal name is Credo Advanced Chemicals Limited.

Company NameStatus
Credo Advanced Chemicals LimitedCurrent
Harish Share & Stock Broking Pvt. Ltd.Previous
Harish Share & Stock Broking Pvt. LtdPrevious
Credo Venture Private LimitedPrevious
Credo Venture Private Limited WPrevious
Credo Venture LimitedPrevious
Credo Venture LimitedPrevious

CIN history

Credo Advanced Chemicals has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U20119GJ1995PLC064782, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U20119GJ1995PLC064782Current
U10300WB1995PLC072312Previous
U10300WB1995PTC072312Previous
U10300GJ1995PLC064782Previous
Key People
Naman Madhav Patel Managing Director Rakesh Sukhraj Shah Whole-Time Director Rushil Chetanbhai Tamboli Director

Recognitions & Rankings of Credo Advanced Chemicals

India's Richest People 2026 edition · 1 director · Source: Hurun India

Contact details

Credo Advanced Chemicals Limited's registered office is in Ahmedabad, Gujarat. Its website is credo.co.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    credo.co.in
  • Social Media
  • Registered Address
    305 Third Floor Third Eye One Opp. Honest Restaurant Near Panchvati Five Roads C, . G. Road, Ahmedabad, Gujarat, India – 380006
  • Industry
    Metals and Minerals, Mining & Mineral Extraction

To see the full contact details of Credo Advanced Chemicals Limited, buy the company report.

Comprehensive company report
Credo Advanced Chemicals 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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Business activity

The main business activity of Credo Advanced Chemicals is manufacturing. In detail, this covers manufacture of chemicals and chemical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing20Manufacture of chemicals and chemical products

To see the full business activity and turnover split of Credo Advanced Chemicals Limited, buy the company report.

Financials of Credo Advanced Chemicals Limited

FY 2026 filings available

Credo Advanced Chemicals Limited reported revenue of ₹250.72 Cr (down 10% YoY) for FY 2026.

Revenue · FY 2026
₹250.72 Cr ▼ 10%
Net profit · FY 2026
₹33.3 Cr margin 13.3%
EBITDA · FY 2026
₹75.97 Cr margin 30.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 3%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 4%
5 years · compounded
▲ 21%

Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 16% 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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹250.72 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹75.97 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹33.3 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
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profitability
EBITDA Margin30.3%
Net Profit Margin13.3%
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 Credo Advanced Chemicals Limited, buy the company report.

Board of directors of Credo Advanced Chemicals Limited

Credo Advanced Chemicals has 8 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rushil Chetanbhai Tamboli
Also directs: Gujarat Credo Alumina Chemicals Limited, Steelcast Limited, Credo Rare Earths (India) Private Limited and 2 more
Director17 Aug 20233 Years 2 MonthsCurrent
Naman Madhav Patel
Also directs: Gujarat Credo Alumina Chemicals Limited, Credo Rare Earths (India) Private Limited, Omkareshwar Mines & Minerals Private Limited and 2 more
Managing Director01 Apr 201610 Years 7 MonthsCurrent
Rajiv Dinesh Gandhi
Also directs: Gujarat Credo Alumina Chemicals Limited, Hester Coatings LLP, Corella Air LLP and 5 more
Director17 Aug 20233 Years 2 MonthsCurrent
Meena Ramniklal Ambani
Also directs: Gujarat Credo Alumina Chemicals Limited, Dynamic Real Trading LLP, Triguna Multi Trade LLP and 2 more
Director17 Aug 20233 Years 2 MonthsCurrent
Atishe Chordia
Also directs: D8 Analyticai Trends Private Limited, Pureqa Technologic Solutions Private Limited, Doodleblue Innovations Private Limited and 5 more
Director17 Aug 20233 Years 2 MonthsCurrent
Pramathesh Ushakant Desai
Also directs: Gujarat Credo Mineral Industries Limited
Director25 Jul 20242 Years 3 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Credo Advanced Chemicals Limited is audited by Pankaj R. Shah & Associates for the financial year 2026.

Auditor firmFinancial yearFirm registration number
Pankaj R. Shah & AssociatesFY 2026107361W

Shareholding

The shareholding of Credo Advanced Chemicals Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2026FY 2025FY 2024FY 2023FY 2022
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Credo Advanced Chemicals Limited, buy the company report.

Charges & borrowings

Open charges
₹497.95 Cr
Satisfied charges
₹161.8 Cr
Breakdown by lending institutions
Others₹453.95 Cr
Hdfc Bank Limited₹44.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
09 Jan 2025101029879Others₹141 CrOpen
06 Oct 2023100804746Hdfc Bank Limited₹40.82 CrOpen
17 Jul 2019100280360Hdfc Bank Limited₹1.06 CrOpen
16 Apr 2019100258972Others₹80.45 CrOpen
19 Feb 2019100264099Hdfc Bank Limited₹37.8 LakhOpen

To see the full charge records of Credo Advanced Chemicals Limited, buy the company report.

Total charge records: 15 View all charges

Deals & funding

Credo Advanced Chemicals Limited has 1 deal on record (1 acquisition); the latest was in December 2013.

Total deals
1
Acquisition
1

Deals on record (1 of 1)

WhenDealAmountParties
Dec 2013Acquisition₹11.92 CrBuyer: Gujarat Apollo Industries Limited

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Credo Advanced Chemicals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Credo Advanced Chemicals has 4 subsidiary companies and 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

4
Subsidiary companies
1
Joint ventures
Key subsidiaries
Company NameCINShares held
Gujarat Credo Alumina Chemicals LimitedU14290GJ2016PLC092013
Lucent Mines and Mineral Private LimitedU26911GJ2012PTC070230
Rocktech Mineral Development (Guj.) Private LimitedU26933GJ2015PTC084337
Gujarat Credo Rare Earths LimitedU26990GJ2022PLC131986

To see the full group structure of Credo Advanced Chemicals Limited, buy the company report.

Employees & EPFO

Credo Advanced Chemicals Limited has a workforce of 1 employees on its EPFO records as of Feb 2026.

Employee count
1
Employee growth
-93.3%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2025-261
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22

To see the full employee and EPFO history of Credo Advanced Chemicals Limited, buy the company report.

GST

Credo Advanced Chemicals has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AABCH5561P1Z9GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Credo Advanced Chemicals Limited, buy the company report.

Recent activity

Credo Advanced Chemicals Limited has 26 board changes on record since 2009: 8 appointments and 18 cessations. The latest: Pramathesh Ushakant Desai ceased to be Additional Director on 29 Sep 2024.

Filing
Credo Advanced Chemicals Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Credo Advanced Chemicals Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 232.50 Cr registered on 05 Aug 2017 with Charge ID 100124713 was modified on 31 Jan 2025.
Charges
A charge with Others amounted to Rs. 141.00 Cr with Charge ID 101029879 was registered on 09 Jan 2025.
Charges
A charge registered on 29 Jul 2020 via Charge ID 100355549 with Others was fully satisfied on 04 Jan 2025.
Ceased
Pramathesh Ushakant Desai ceased to be Additional Director.
Appointed
Pramathesh Ushakant Desai was appointed as Director.
Charges
A charge with Others of Rs. 80.45 Cr registered on 16 Apr 2019 with Charge ID 100258972 was modified on 07 Mar 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 40.82 Cr with Charge ID 100804746 was registered on 06 Oct 2023.
Ceased
Atishe Chordia ceased to be Additional Director.
Ceased
Meena Ramniklal Ambani ceased to be Additional Director.
Ceased
Rajiv Dinesh Gandhi ceased to be Additional Director.

42 earlier events are in the company report.

Frequently asked questions

Credo Advanced Chemicals is an active public limited company based in Ahmedabad, Gujarat, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 23 June 1995 (31+ years old) and is registered under CIN U20119GJ1995PLC064782.

Credo Advanced Chemicals has 8 current directors:

The latest financial statements of Credo Advanced Chemicals on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Credo Advanced Chemicals is 24AABCH5561P1Z9, registered in Gujarat.

The CIN (Corporate Identification Number) of Credo Advanced Chemicals is U20119GJ1995PLC064782. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Credo Advanced Chemicals was incorporated on 23 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Credo Advanced Chemicals has 1 deal on record (1 acquisition); the latest was in December 2013.

Pramathesh Ushakant Desai ceased to be Additional Director on 29 Sep 2024. Pramathesh Ushakant Desai was appointed as Director on 25 Jul 2024. Atishe Chordia ceased to be Additional Director on 10 Sep 2023. Credo Advanced Chemicals has 26 board changes on record in total.

Credo Advanced Chemicals can be reached through the website credo.co.in. Its registered office is in Ahmedabad, Gujarat, India.

The registered office of Credo Advanced Chemicals is at 305 Third Floor Third Eye One Opp. Honest Restaurant Near Panchvati Five Roads C, . G. Road, Ahmedabad, Gujarat, India – 380006.