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Credo Advanced Chemicals Limited
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CREDO ADVANCED CHEMICALS LIMITED

All Companies ›

Gujarat ›

Manufacturing of Wood Products ›

Active

Updated: 21 Apr 2025

Credo Advanced Chemicals Limited, is an unlisted public company incorporated on 23 June, 1995. It is classified as a public limited company and is located in Ahmedabad, Gujarat. It's authorized share capital is INR 80.50 cr and the total paid-up capital is INR 75.00 cr.

Credo Advanced Chemicals Limited's operating revenue range is INR 1 cr - 100 cr for the financial year ending on 31 March, 2023. It's EBITDA has increased by 87.46% over the previous year. At the same time, it's book networth has increased by 14.25%.

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Industry and products

Manufacturing (Wood Products)

Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

Company size

Auth Capital

₹ 80.5 Cr

Paidup Capital

₹ 75.0 Cr

Revenue

₹ 1-10 cr

Key Metrics

** All rupee values in INR lacs. Based on March 2023 numbers.

Total Revenue

8.12%

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EBITDA

87.46%

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Net Profit

447.67%

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Networth

14.25%

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Borrowings

-37.68%

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Assets

9.66%

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Gross Margin

3.05

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Operating Margin

8.1

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Net Profit Margin

6.28

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Return on Equity

0.17

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ROCE

1.74

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Debt to Equity

-0.09

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Sales

Mar 2023

Net worth

Mar 2023

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Locations

India (2)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Anand Anilbhai Patel	00002277	9 years
Director	Meena Ramniklal Ambani	00320690	2 years
Director	Rajiv Gandhi	00438037	2 years
Managing Director	Rakesh Sukhraj Shah	02076051	16 years
Director	Atishe Chordia	03609132	2 years
Director	Naman Madhav Patel	05143261	9 years
Director	Rushil Chetanbhai Tamboli	07807971	2 years
Director	Pramathesh Ushakant Desai	10673232	1 years
CFO	Krunal Rasiklal Shah	<HIDDEN>	7 years
CS	Kirtesh Tasvinchandra Shah	<HIDDEN>	3 years

Financial Highlights

** All numbers in INR lacs

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
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	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	6,518.6	6,568.7	6,568.7	6,568.7	7,500.0
Reserves	18,744.6	30,848.8	30,550.2	30,397.3	21,957.6
Borrowings +	20,650.3	26,916.2	31,517.5	29,465.9	33,033.5
Long term borrowings	18,310.7	23,645.8	26,987.4	25,060.9	26,725.3
Short term borrowings	2,339.7	3,270.4	4,530.1	4,405.0	6,308.2
Trade payables +	1,454.5	4,467.3	2,224.4	2,272.5	4,036.3
Days payable	171.0	340.0	126.0	86.0	147.0
Other liabilities +	9,725.1	8,414.5	4,843.4	6,675.4	7,462.3
Other non-current liabilities	588.7	3,423.6	728.7	542.4	2,504.5
Other current liabilities	7,681.9	523.7	1,890.3	3,860.5	921.5
Total liabilities	55,638.7	72,748.2	73,479.8	73,107.3	69,953.5
Fixed Assets +	48,155.2	60,790.4	60,509.5	60,306.4	54,556.4
Tangible assets	12,337.3	43,022.6	43,641.7	43,098.0	41,506.4
CWIP	29,621.5	347.6	1,974.8	2,331.1	9,324.6
Intangible assets	6,196.4	17,420.1	14,893.0	14,877.2	3,725.4
LT loans and advances	-	-	-	-	-
Other non-current assets	151.6	28.9	629.8	638.0	300.0
Current assets +	7,331.9	11,928.9	12,340.5	12,162.9	15,097.1
Inventories	2,808.1	7,942.8	7,858.9	6,952.9	8,853.0
Trade receivables	1,530.2	711.9	1,251.7	1,825.7	1,784.5
Cash and cash equivalents	876.8	593.5	1,966.7	2,004.0	3,318.1
ST loans and advances	-	88.5	-	-	-
Other current assets	2,116.9	2,592.2	1,263.2	1,380.3	1,141.5
Total assets	55,638.7	72,748.2	73,479.8	73,107.3	69,953.5

Percentage of assets	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	11.72	9.03	8.94	8.99	10.72
Reserves	33.69	42.4	41.58	41.58	31.39
Borrowings +	37.12	37.0	42.89	40.3	47.22
Long term borrowings	32.91	32.5	36.73	34.28	38.2
Short term borrowings	4.21	4.5	6.17	6.03	9.02
Trade payables	2.61	6.14	3.03	3.11	5.77
Other liabilities +	17.48	11.57	6.59	9.13	10.67
Other non-current liabilities	1.06	4.71	0.99	0.74	3.58
Other current liabilities	13.81	0.72	2.57	5.28	1.32
Total liabilities
Fixed Assets +	86.55	83.56	82.35	82.49	77.99
Tangible assets	22.17	59.14	59.39	58.95	59.33
CWIP	53.24	0.48	2.69	3.19	13.33
Intangible assets	11.14	23.95	20.27	20.35	5.33
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	0.27	0.04	0.86	0.87	0.43
Current assets +	13.18	16.4	16.79	16.64	21.58
Inventories	5.05	10.92	10.7	9.51	12.66
Trade receivables	2.75	0.98	1.7	2.5	2.55
Cash and cash equivalents	1.58	0.82	2.68	2.74	4.74
ST loans and advances	0.0	0.12	0.0	0.0	0.0
Other current assets	3.8	3.56	1.72	1.89	1.63
Total assets

Total assets

Charges on assets

Bank wise

Charges

PNB INVESTMENT SERVICES LIMITED

No. of Loans: 3

Total Amount : 294.6 cr

HDFC Bank Limited

No. of Loans: 5

Total Amount : 44.0 cr

Charge Holder	Amount	Date of creation/modification
PNB INVESTMENT SERVICES LIMITED	212.5 cr	07 Mar, 2024
PNB INVESTMENT SERVICES LIMITED	80.5 cr	07 Mar, 2024
HDFC Bank Limited	40.8 cr	06 Oct, 2023
PNB INVESTMENT SERVICES LIMITED	1.6 cr	29 Jul, 2020
HDFC Bank Limited	1.1 cr	17 Jul, 2019
HDFC Bank Limited	0.4 cr	19 Feb, 2019
HDFC Bank Limited	0.9 cr	31 Dec, 2018
HDFC Bank Limited	0.8 cr	21 Dec, 2018

Charges

PNB INVESTMENT SERVICES LIMITED

HDFC Bank Limited

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
APOLLO INDUSTRIAL PRODUCTS LIMITED	Amalgamated	40.0 L	1	Gujarat
AEML INVESTMENTS LIMITED	Active	3.6 Cr	1	Gujarat
KRISHITEK INDUSTRIES PRIVATE LIMITED	Active	7.5 L	1	Gujarat
GUJARAT APOLLO INDUSTRIES LIMITED	Active	11.8 Cr	2	Gujarat
GUJARAT CREDO MINERAL INDUSTRIES LIMITED	Active	19.0 Cr	4	Gujarat
YOUTH EMPOWERMENT SANSTHAN	Active	5.0 L	1	Gujarat
PFH AGRI EQUIPMENT INDIA PRIVATE LIMITED	Active	40.0 L	1	Gujarat
DEDHROTA BAUXITE MINE PRIVATE LIMITED	Active	10,500.0	1	Gujarat
GUJARAT CREDO RARE EARTHS LIMITED	Active	5.0 L	3	Gujarat
ATM MINECHEM LLP	Active	1.0 L	1	Gujarat
APOLLO MOTOCORP LLP	Active	1.0 L	1	Gujarat
GUJARAT CREDO ALUMINA CHEMICALS LIMITED	Active	14.7 Cr	8	Gujarat
SAGUN VANIJYA PVT LTD	Amalgamated	30.3 L	1	Gujarat
VERTRAUEN ENERGIA (INDIA) LIMITED	Strike Off	10.0 L	1	Gujarat
REMBRANT TRADING PRIVATE LIMITED	Active	29.3 L	1	Gujarat
SAGITTA MARKETING PRIVATE LIMITED	Active	1.0 L	1	Gujarat
DYNAMIC REAL TRADING LLP	Active	1.0 L	1	Gujarat
TRIGUNA MULTI TRADE LLP	Active	1.0 L	1	Gujarat
TEXAS LIFESCIENCES PRIVATE LIMITED	Active	4.9 Cr	1	Gujarat
BIOLINK HEALTHCARE LIMITED	Active	5.8 L	1	Maharashtra
AEROTRANS SERVICES PRIVATE LIMITED	Active	10.0 Cr	1	Gujarat
HESTER AVIATION SERVICES PRIVATE LIMITED	Active	2.0 L	1	Gujarat
BLUE RAY AVIATION PRIVATE LIMITED	Active	33.5 Cr	1	Gujarat
GUJARAT AIRCONNECT PRIVATE LIMITED	Active	6.1 Cr	1	Gujarat
HESTER COATINGS LLP	Active	5.0 L	1	Gujarat
CORELLA AIR LLP	Active	50,000.0	1	Gujarat
HESTER DIAGNOSTICS PRIVATE LIMITED	Active	5.0 L	1	Maharashtra
IHHR HOSPITALITY PRIVATE LIMITED	Active	289.9 Cr	1
HESTER BIOSCIENCES LIMITED	Active	8.5 Cr	1
STEELCAST LIMITED	Active	10.1 Cr	2
CREDO HOLDING PRIVATE LIMITED	Active	1.1 Cr	1	Gujarat
CREDO COMMODITIES PRIVATE LIMITED	Active	5.0 L	1	Gujarat
CSB PROJECTS PRIVATE LIMITED	Active	7.0 L	1	Gujarat
ROCKTECH MINERAL DEVELOPMENT (GUJ.) PRIVATE LIMITED	Active	3.1 Cr	2	Gujarat
TATVANG INDUSTRIES PRIVATE LIMITED	Active	9.8 L	1	Gujarat
ZENITECH PROJECTS PRIVATE LIMITED	Active	1.0 Cr	1	Gujarat
ZENITECH GLOBAL VENTURES PRIVATE LIMITED	Active	1.0 L	1
ASK PUNDIT TECHNOLOGY PRIVATE LIMITED	Strike Off	1.0 L	1	Tamil Nadu
DRUCKER & GROVE FINTECH PRIVATE LIMITED	Active	5.0 L	1	Tamil Nadu
PURPLE ELEPHANT TECHNOLOGIES PRIVATE LIMITED	Active	1.0 L	1	Tamil Nadu
DOODLEBLUE INNOVATIONS PRIVATE LIMITED	Active	92,900.0	1
NOBLE TRADELINK PRIVATE LIMITED	Active	49.5 L	1	Gujarat
OMKARESHWAR MINES & MINERALS PRIVATE LIMITED	Active	6.0 Cr	1	Gujarat
KAMDHENU INTERTRADE PRIVATE LIMITED	Amalgamated	28.6 L	1	Gujarat
REMINCO RESOURCES PRIVATE LIMITED	Amalgamated	16.0 L	1	Gujarat
TAMBOLI INVESTMENTS PVT LTD	Active	1.3 L	1	Gujarat
CMRV ACADEMY LLP	Strike Off	2.0 L	1	Gujarat

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
GUJARAT CREDO MINERAL INDUSTRIES LIMITED	Gujarat	2012	₹ 19.0 Cr
ROCKTECH MINERAL DEVELOPMENT (GUJ.) PRIVATE LIMITED	Gujarat	2015	₹ 3.1 Cr
GUJARAT CREDO ALUMINA CHEMICALS LIMITED	Gujarat	2016	₹ 14.7 Cr
LUCENT MINES AND MINERAL PRIVATE LIMITED	Gujarat	2012	₹ 3.0 Cr
GUJARAT CREDO RARE EARTHS LIMITED	Gujarat	2022	₹ 5.0 L

Tofler Score

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Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U20119GJ1995PLC064782

PAN

AABCH5561P

Incorporation

1995, 30.1 years

Company Email

credo_cs@credo.co.in

Paid up Capital

₹ 75.0 Cr

Authorised Capital

₹ 80.5 Cr

AGM

Sep 2023

Type

Public

Non-government Company

FAQ - CREDO ADVANCED CHEMICALS LIMITED

What is the incorporation date of CREDO ADVANCED CHEMICALS LIMITED?

The incorporation date of CREDO ADVANCED CHEMICALS LIMITED is 23 June, 1995

What is the authorized share capital of CREDO ADVANCED CHEMICALS LIMITED?

The authorized share capital of CREDO ADVANCED CHEMICALS LIMITED is INR ₹ 80.5 Cr.

What is the paid-up capital of CREDO ADVANCED CHEMICALS LIMITED?

The paid-up capital of CREDO ADVANCED CHEMICALS LIMITED is INR ₹ 75.0 Cr.

What is the registered address of CREDO ADVANCED CHEMICALS LIMITED?

The registered address of CREDO ADVANCED CHEMICALS LIMITED is 305, Third Floor, Third Eye One, Opp. Honest Restaurant, N ear Panchvati Five Roads, C . G. Road, NA Ahmedabad Ahmedabad Gujarat - 380006

What is the CIN number of CREDO ADVANCED CHEMICALS LIMITED?

The CIN number of CREDO ADVANCED CHEMICALS LIMITED is U20119GJ1995PLC064782.

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