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ActiveRajkot, GujaratSince 2021

Credence Solar Panels Private Limited

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Set up in 2021 in Rajkot. It has pledged its assets against loans of up to ₹367.48 crore from 4 lenders.

CINU40106GJ2021PTC122303
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5 years at a glance

Loans against its assets, and when today's people joined

20222023202420252026LOANS AGAINST ITS ASSETSTODAY'S PEOPLE, WHEN THEY JOINEDRegistered as a companyBank of Baroda, up to ₹25.22 crore, 8 Dec 2021 to 13 Oct 2023HDFC Bank Limited, up to ₹70.98 crore, 29 Sept 2023 to 8 Apr 2026HDFC Bank Limited, up to ₹21.67 crore, 9 Nov 2023 to 21 May 2026HDFC Bank Limited, up to ₹12.98 lakh, 31 Jul 2024 to still openIndian Renewable Energy Development Agency Limited (Ireda), up to ₹209.87 crore, 3 Apr 2025 to still openUnion Bank of India, up to ₹129.52 crore, 26 Dec 2025 to still openThe Bank of Baroda, up to ₹27.69 crore, 30 Mar 2026 to still openUnion Bank of India, up to ₹27 lakh, 30 May 2026 to still open
Loan still openLoan paid offSomeone joined, and is still there
  • 2021Registered as a company on 27 Apr 2021.
  • 2025Its biggest loan against assets, ₹209.87 crore with Indian Renewable Energy Development Agency Limited (Ireda), is still open.

Who runs it

This page does not list its directors yet. Open the company in Entiva to see who runs it on MCA's register today.

Who has lent to it

₹367.48 crorein loans backed by its assets, from 4 lenders

  • Indian Renewable Energy Development Agency Limited (Ireda)₹209.87 crore

    Open, taken out 3 Apr 2025

  • Union Bank of India₹129.79 crore

    2 open loans, taken out 2025 to 2026

  • The Bank of Baroda₹27.69 crore

    Open, taken out 30 Mar 2026

  • HDFC Bank Limited₹12.98 lakh

    Open, taken out 31 Jul 2024

3 earlier loans, now paid off
  • HDFC Bank Limited9 Nov 2023 to 21 May 2026₹21.67 crore
  • HDFC Bank Limited29 Sept 2023 to 8 Apr 2026₹70.98 crore
  • Bank of Baroda8 Dec 2021 to 13 Oct 2023₹25.22 crore

What its filings add

Credence Solar Panels files these with the registrar. Entiva fetches and reads them for you.

  • Every year · AOC-4

    Revenue, profit and the balance sheet

    Its financial statements, year by year.

  • Every year · MGT-7

    Who owns it

    Its shareholders, and how much each one owns.

  • Each loan · CHG-1

    Each loan in detail

    The terms, and which assets back each loan.

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The details on this page come from public records, including MCA's register of companies as Entiva read it on . Things may have changed since. A loan amount is the most the lender can claim against the company's assets, not what is still owed.