What does Credo Advanced Chemicals Limited do?

Credo Advanced Chemicals Limited is a Gujarat-based specialty and advanced chemicals manufacturer incorporated in 1995. The company produces specialty chemical products for industrial applications, likely serving sectors including pharmaceuticals, agrochemicals, paints & coatings, textiles, and industrial processing.

Where is Credo Advanced Chemicals Limited located?

The company is headquartered in Ahmedabad, Gujarat — India's largest chemicals manufacturing state, accounting for over 40% of India's total chemical production. The Gujarat chemical cluster provides significant advantages in terms of feedstock access, logistics, and industrial infrastructure.

When was Credo Advanced Chemicals Limited incorporated?

The company was incorporated in 1995 in Gujarat, as reflected in its CIN (U20119GJ1995PLC064782).

Is Credo Advanced Chemicals Limited listed on a stock exchange?

No, the company is unlisted. Shares trade informally in the unlisted market at approximately ₹55 per share.

What are the key sectors that specialty chemicals from Gujarat serve?

Gujarat's specialty chemicals companies typically serve pharmaceuticals (APIs and intermediates), agrochemicals (pesticides and herbicides), paints and coatings, textiles and dyes, rubber and polymer additives, and industrial process chemicals for sectors like paper, water treatment, and mining.

How do I buy Credo Advanced Chemicals unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Credo Advanced Chemicals?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Credo Advanced Chemicals shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Credo Advanced Chemicals Unlisted Share Price | Buy Credo Advanced Chemicals Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Credo Advanced Chemicals Unlisted Share Price | Buy Credo Advanced Chemicals Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Credo Advanced Chemicals Limited is a nearly 30-year-old Gujarat specialty chemicals company operating in one of India's most attractive industrial sectors from a world-class manufacturing location. The company benefits from Gujarat's chemical cluster advantages and India's growing specialty chemicals export opportunity. However, limited public disclosures, absence of a known website, and intense competition from larger listed players make investment diligence challenging. Investors should obtain product catalogues, customer lists, and audited financials before assessing valuation at ₹55 per share.

Pros

Revenue ₹223 Cr (FY24) — substantial scale for an unlisted Gujarat chemicals/pharma manufacturer.
Authorized ₹80.5 Cr; paid-up ₹75 Cr — well-capitalized with strong equity base relative to revenue.
Diversified product base: chemicals, pharmaceuticals, medicinal chemicals, botanical products — multiple high-value sectors.
Ahmedabad, Gujarat location — India's leading chemicals and pharma manufacturing hub; deep supply chain and regulatory expertise.

Cons

Unlisted (U-prefix) — no secondary market; no ISIN confirmed.
Revenue was under ₹100 Cr in FY23 but jumped to ₹223 Cr in FY24 — rapid growth requires scrutiny of revenue quality and sustainability.
-4% revenue CAGR trend (per available data) despite FY24 jump suggests potential volatility.
No management details or promoter information publicly confirmed — governance transparency is limited.

Business Segments

Chemical Manufacturing

Manufacturing of chemicals and chemical products; industrial and specialty chemicals.

Pharma & Medicinal Chemicals

Pharmaceuticals, medicinal chemicals, and botanical products manufacturing.

Revenue Model

Credo Advanced Chemicals Limited generates revenue through the manufacture and sale of specialty chemical products to domestic and international customers. Revenue is driven by production volumes, product pricing power (which is higher for specialty vs commodity chemicals), customer relationships in key end-user industries, and export competitiveness. Specialty chemical margins depend on R&D investment, process efficiency, and the technical differentiation of products.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds14

Growth Plans

Global China+1 supply chain diversification creating export opportunities for Indian specialty chemical manufacturers

India's domestic pharmaceutical, agrochemical, and paints sectors growing strongly and increasing demand for chemical intermediates

GIDC industrial zone expansion improving infrastructure availability for scale-up

Government PLI schemes potentially incentivising specialty chemical production

Recent Developments

India specialty chemicals China+1 opportunity

India's specialty chemicals sector has been a major beneficiary of the global 'China+1' supply chain diversification strategy, with international companies increasingly sourcing from Indian manufacturers. Gujarat-based chemical companies are particularly well-positioned given their existing infrastructure and export capabilities.

2024-03

GIDC industrial zone expansion

Gujarat's GIDC (Gujarat Industrial Development Corporation) continued to develop chemical industrial zones including Dahej, Bharuch, and Vapi, providing expanding infrastructure for chemical manufacturers to scale operations with reliable utilities, effluent treatment, and logistics.

2024-01

PLI scheme for specialty chemicals

The Indian government's Production Linked Incentive (PLI) scheme discussions for specialty chemicals gathered momentum, potentially providing financial incentives for Indian chemical manufacturers to scale production and compete globally.

Comparable Companies

CompanyTypeTickerMkt Cap

Aarti IndustriesListedAARTIIND~15,000 Cr

Deepak NitriteListedDEEPAKNTR~20,000 Cr

Bodal ChemicalsListedBODALCHEM~2,000 Cr

Navin Fluorine InternationalListedNAVINFLUOR~15,000 Cr

Frequently Asked Questions

About Credo Advanced Chemicals

Credo Advanced Chemicals Limited is an Ahmedabad-based chemical manufacturer incorporated on 23 June 1995. The company is engaged in the manufacture of chemicals and chemical products, classified under NIC code for chemical manufacturing. With an authorised share capital of ₹80.50 crore and a paid-up capital of ₹75 crore, Credo Advanced Chemicals has a substantial equity base reflecting the capital-intensive nature of chemical manufacturing. The company's FY2024 revenue was approximately ₹223 crore, a slight decline from the previous year (1-year revenue CAGR of -4%), though EBITDA CAGR of 2% suggests stable margin management. Gujarat is India's chemical manufacturing heartland — the state accounts for over 60% of India's chemical and petrochemical production. Ahmedabad and the broader Ahmedabad-Vadodara chemical corridor host thousands of chemical manufacturers ranging from bulk chemicals to specialty and fine chemicals. Credo Advanced Chemicals operates in the advanced/specialty chemicals segment, as suggested by its name. Advanced chemicals typically include specialty polymers, agrochemicals, dyes, intermediates, or industrial chemicals that require sophisticated manufacturing processes. The company's relatively large paid-up capital of ₹75 crore and revenues of ₹223 crore indicate a well-established manufacturing operation. Gujarat's chemical sector benefits from proximity to the Mundra and Kandla ports for raw material imports, availability of skilled technical labor, and strong GIDC (Gujarat Industrial Development Corporation) infrastructure. Credo Advanced Chemicals, as an unlisted entity, has limited public information but represents a significant mid-size chemical manufacturer in Gujarat's vibrant industrial ecosystem. The company last held its AGM in September 2023 and maintains an active MCA status.

Key Milestones

Incorporated June 23, 1995 in Ahmedabad, Gujarat (CIN: U20119GJ1995PLC064782)

Common questions about unlisted shares

How do I buy Credo Advanced Chemicals unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Risk factors & red flagsInvestment risks and items flagged from public filings10

Regulatory / LegalLow

Chemical manufacturing is subject to strict GPCB (Gujarat Pollution Control Board) and CPCB regulations on effluent discharge, air emissions, and hazardous waste disposal; non-compliance can lead to operational shutdowns.

Source: Regulatory Filings

Fraud / GovernanceLow

Specialty chemical margins are exposed to volatility in petrochemical feedstock prices, which can be difficult to pass through to customers on short-cycle contracts.

Source: Company Financial Filings

Fraud / GovernanceLow

Gujarat's chemical sector hosts world-class listed players like Aarti Industries, Deepak Nitrite, Navin Fluorine, and Bodal Chemicals, creating intense competition for customers, talent, and capital.

Source: Media Reports / Public Records

Business ScaleLow

Specialty chemical companies often depend on a small number of large industrial customers; loss of key accounts can materially impact revenue.

Source: AlphaHub Research

Fraud / GovernanceLow

Absence of a known website and limited public information creates difficulty in assessing the company's current product portfolio, operational scale, and financial health.

Source: Media Reports / Public Records

Environmental Compliance

Feedstock Volatility

Specialty chemical margins are exposed to volatility in petrochemical feedstock prices, which can be difficult to pass through to customers on short-cycle contracts.

Competition

Gujarat's chemical sector hosts world-class listed players like Aarti Industries, Deepak Nitrite, Navin Fluorine, and Bodal Chemicals, creating intense competition for customers, talent, and capital.

Customer Concentration

Specialty chemical companies often depend on a small number of large industrial customers; loss of key accounts can materially impact revenue.

Transparency

Absence of a known website and limited public information creates difficulty in assessing the company's current product portfolio, operational scale, and financial health.

Credo Advanced Chemicals Limited

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