Credo Assets Private Limited
About Credo Assets Private Limited
Data last updated:
Credo Assets Private Limited is a private limited company based in Mohali, Punjab, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 26 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U45402PB2014PTC051344. Its GSTIN is 03AAFCC6400L1ZY (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.01 Cr. It is led by directors including Janesh Jindal and Amandeep Singla.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No 1265 – C Sector – 82 Jlpl Industrial Area Sas Nagar, Mohali, Punjab, India – 140308.
As per the financials filed for FY 2024, the company reported a revenue of ₹111.83 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹1.42 Cr (net margin 1.3%) and EBITDA of ₹5.08 Cr (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 19% over five years.
The company has about 54 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹35.27 Cr and satisfied charges of ₹25 Cr on record. Court records list 23 cases involving the company, including 20 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressPlot No 1265 – C Sector – 82 Jlpl Industrial Area Sas Nagar, Mohali, Punjab, India – 140308
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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 Credo Assets Private Limited
The main business activity of Credo Assets 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 Credo Assets Private Limited FY 2024 filings available
Credo Assets Private Limited reported revenue of ₹111.83 Cr (down 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Credo Assets Private Limited
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA rose 130% 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 Credo Assets Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹5.08 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.42 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 of Credo Assets Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Credo Assets 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 Credo Assets Private Limited
Credo Assets Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Its own revenue is ₹111.83 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Enn Enn Corp Limited | ₹112.32 Cr | ₹23.36 Cr | 21% | -4% | 15 | Mumbai, Maharashtra, India |
| C59 Property Holdings Private Limited | ₹112.25 Cr | ₹42.35 Cr | -38% | +12% | Mumbai, Maharashtra, India | |
| Jotindra Infrastructure Limited | ₹112.15 Cr | ₹27.91 Cr | 25% | -11% | Haryana, India | |
| Wondrous Buildmart Private Limited | ₹112.13 Cr | ₹14.77 Cr | -13% | +7228% | Noida, Uttar Pradesh, India | |
| Windsor Realty Private Limited | ₹111.94 Cr | ₹63.7 Cr | 57% | -9% | Mumbai, Maharashtra, India | |
| Credo Assets Private Limited this company | ₹111.83 Cr | ₹1.42 Cr | 1.3% | Mohali, Punjab, India | ||
| Amrutha Shelters Private Limited | ₹111.68 Cr | ₹11.84 Cr | 11% | +84% | Secunderabad, Telangana, India | |
| Dasscon Realty Private Limited | ₹111.67 Cr | ₹11.37 Cr | 10% | +22690% | Pune, Maharashtra, India | |
| Coretech Realty Private Limited | ₹111.52 Cr | ₹19.8 Cr | -18% | +36% | Bangalore, Karnataka, India | |
| Godrej Highrises Properties Private Limited | ₹111.09 Cr | ₹14.11 Cr | 13% | +157% | Mumbai, Maharashtra, India | |
| Homeland Realty Private Limited | ₹111.01 Cr | ₹25.15 Cr | 23% | -21% | Mohali, Punjab, India |
Peers are the five companies nearest above and the five nearest below Credo Assets by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Figures are as filed with the Ministry of Corporate Affairs or the stock exchanges.
Auditor Details of Credo Assets Private Limited
Credo Assets Private Limited is audited by KAPIL SANDEEP & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KAPIL SANDEEP & ASSOCIATES | 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 Credo Assets Private Limited
Credo Assets has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Janesh Jindal Also directs: Tricity Buildcon LLP, Pearl Vogue Private Limited, High Vision Associates Private Limited and 1 more | Director | 16 Oct 2017 | 8 Years 11 Months | Current |
| Amandeep Singla | Director | 26 Mar 2014 | 12 Years 6 Months | Current |
| Krishan Kumar Also directs: Trufood Dairy Private Limited, G K Residency Private Limited, Siel Industrial Estate Limited and 5 more | Director | 11 Dec 2020 | 5 Years 9 Months | Current |
Ownership and Shareholding of Credo Assets 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 Credo Assets Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Oct 2024 | Others | ₹35 Cr | Open |
| 28 Dec 2020 | Hdfc Bank Limited | ₹27 Lakh | Open |
| 20 Dec 2022 | Others | ₹25 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Credo Assets Private Limited
Credo Assets Private Limited has 23 court cases on record: 20 filed against it, 3 where it is another party. 5 cases are pending and 18 are disposed. Status as checked between 21 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 17 | 2 |
| High courts | 3 | 2 | 2 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, New Delhi | Insolvency matter | Filed against the company by an individual | Pending |
| High Court of Punjab and Haryana | Tax appeal | Filed against the company by PR Commissioner of Income Tax Central Gurugram | Pending |
| District court, Bilaspur, Himachal Pradesh | Court case (Motor Vehc Act) | Filed against the company by State of HP | Pending |
| District court, Chandigarh | Court case (TRF) | Filed against the company by State of Ut Chandigarh | Disposed |
| District court, SAS Nagar, Punjab | Civil suit | Filed against the company by an individual | Disposed |
Full case history
All 23 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Credo Assets Private Limited
Credo Assets Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 22 overdue payments to 12 micro and small suppliers totalling ₹2.43 Cr. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Latest dues on record (5 of 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | ₹45.78 Lakh | 14 Feb 2019 | 29 May 2019 |
| Shree Siddi Vinayak Forgings Private Limited | ₹22.94 Lakh | 14 Feb 2019 | 29 May 2019 |
| Wuds Media Private Limited | ₹3.57 Lakh | 14 Feb 2019 | 29 May 2019 |
| Tirupati Balaji Builders Private Limited | ₹2.12 Lakh | 14 Feb 2019 | 29 May 2019 |
| Tycoon Events and Promotions Private Limited | ₹1.15 Lakh | 14 Feb 2019 | 29 May 2019 |
Reason given by the company: Insufficient working capital
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts are as reported by Credo Assets in its own returns.
Employees and EPFO Compliance at Credo Assets Private Limited
Employment history and EPFO contributions of people linked to Credo Assets.
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.
CIN History of Credo Assets Private Limited
Credo Assets has one previous CIN (Corporate Identification Number): U45402CH2014PTC035050. The current CIN is U45402PB2014PTC051344, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45402PB2014PTC051344 | Current |
| U45402CH2014PTC035050 | Previous |
Recent Activity on Credo Assets Private Limited
Credo Assets Private Limited has 9 board changes on record since 2014: 3 appointments and 6 cessations. The latest: Krishan Kumar ceased to be Additional Director on 31 Dec 2020.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Credo Assets 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.
Subsidiaries & Group Companies of Credo Assets 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 Credo Assets Private Limited
Credo Assets has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAFCC6400L1ZY | Punjab | 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 Credo Assets 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 Credo Assets Private Limited
Credo Assets is an active private limited company based in Mohali, Punjab, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 26 March 2014 (12+ years old) and is registered under CIN U45402PB2014PTC051344.
Credo Assets reported revenue of ₹111.83 Cr for FY 2024 (down 4% YoY).
Credo Assets has 3 current directors:
- Janesh Jindal - Director
- Amandeep Singla - Director
- Krishan Kumar - Director
Credo Assets reported a net profit of ₹1.42 Cr (net margin 1.3%) and EBITDA of ₹5.08 Cr (EBITDA margin 4.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Credo Assets is 21% over three years and 19% over five years. In the latest year (FY 2024) revenue fell 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Credo Assets is 03AAFCC6400L1ZY, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Credo Assets is U45402PB2014PTC051344. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Credo Assets has 23 court cases on record: 20 filed against it. 5 are pending. Most are in the district courts.
Credo Assets was incorporated on 26 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Credo Assets by revenue are Enn Enn Corp Limited, C59 Property Holdings Private Limited, Jotindra Infrastructure Limited, Wondrous Buildmart Private Limited, Windsor Realty Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Krishan Kumar ceased to be Additional Director on 31 Dec 2020. Krishan Kumar was appointed as Director on 11 Dec 2020. Janesh Jindal ceased to be Additional Director on 29 Sep 2018. Credo Assets has 9 board changes on record in total.
Credo Assets has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 22 overdue payments to 12 micro and small suppliers totalling ₹2.43 Cr. The latest return was filed on 29 May 2019.