Akshtha Nidhi Limited
About Akshtha Nidhi Limited
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Akshtha Nidhi Limited is a nidhi company based in Maski, Karnataka, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 11 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67100KA2019PLC123372.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹18.45 Lakh. It is led by directors including Prakash Shrishailappa Maski and Adayya Swamy Mallayya Swamy Hiremath.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Jogin Maski Raichur, Karnataka, India – 584124.
As per the financials filed for FY 2021, the company reported a revenue of ₹3.43 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹10.17 Lakh (net margin -296.8%) and EBITDA of -₹3.51 Lakh (EBITDA margin -102.3%).
Company details
Contact details
Akshtha Nidhi Limited's registered office is in Maski, Karnataka.
- Registered AddressJogin Maski Raichur, Karnataka, India – 584124
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
- 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
Business activity
The main business activity of Akshtha Nidhi is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Akshtha Nidhi Limited, buy the company report.
Financials of Akshtha Nidhi Limited
FY 2021 filings availableAkshtha Nidhi Limited reported revenue of ₹3.43 Lakh (up 218% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 218% in the latest year. EBITDA rose 28% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | 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 | -₹3.51 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹10.17 Lakh | |
| 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
| Metrics | FY 2020-21 | FY 2019-20 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -102.3% | |
| Net Profit Margin | -296.8% | |
| 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 Akshtha Nidhi Limited, buy the company report.
Board of directors of Akshtha Nidhi Limited
Akshtha Nidhi has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Shrishailappa Maski | Director | 11 Apr 2019 | 7 Years 7 Months | Current |
| Adayya Swamy Mallayya Swamy Hiremath | Director | 11 Apr 2019 | 7 Years 7 Months | Current |
| Shreyas Shivakumar | Director | 18 Jan 2021 | 5 Years 9 Months | Current |
Peer comparison
Akshtha Nidhi Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Subhsree Vincom Pvt Ltd | ₹3.43 Lakh (FY 2025) | -26.0% | Howrah, West Bengal, India | |||
| Gokak Bhagyalaxmi Chits Private Limited | ₹3.43 Lakh (FY 2021) | -41.0% | Gokak, Karnataka, India | |||
| Emerald Nidhi Limited | ₹3.43 Lakh (FY 2022) | -67.0% | Thrissur, Kerala, India | |||
| Syndicate Welfare Foundation | ₹3.43 Lakh (FY 2024) | Thrissur, Kerala, India | ||||
| M.M.N & Sons Chits Company Private Limited | ₹3.43 Lakh (FY 2021) | 214.0% | Pandalam, Kerala, India | |||
| Akshtha Nidhi Limitedthis company | ₹3.43 Lakh (FY 2021) | -₹10.17 Lakh | -296.8% | 218.0% | Maski, Karnataka, India | |
| Sri Durga Gold Finance Private Limited | ₹3.43 Lakh (FY 2024) | -69.0% | Thiruvarur, Tamil Nadu, India | |||
| Chhajlany Trading and Investments Private Limited | ₹3.43 Lakh (FY 2017) | 44.0% | Indore, Madhya Pradesh, India | |||
| Surya Industrial Developments Ltd | ₹3.42 Lakh (FY 2022) | -38.0% | Kolkata, West Bengal, India | |||
| Shree Ji Sharda Nidhi Limited | ₹3.42 Lakh (FY 2024) | -3.0% | Rajsamand, Rajasthan, India | |||
| Amader Post Harvest Private Limited | ₹3.42 Lakh (FY 2022) | -98.0% | Hooghly, West Bengal, India |
To see the full peer comparison of Akshtha Nidhi Limited, buy the company report.
Legal cases
No court or tribunal cases involving Akshtha Nidhi Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Akshtha Nidhi Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Akshtha Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Akshtha Nidhi Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Shivakumar Neelakantayya ceased to be Director on 18 Jan 2021.
Frequently asked questions
Akshtha Nidhi is an active nidhi company based in Maski, Karnataka, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 11 April 2019 (7+ years old) and is registered under CIN U67100KA2019PLC123372.
Akshtha Nidhi has 3 current directors:
- Prakash Shrishailappa Maski - Director
- Adayya Swamy Mallayya Swamy Hiremath - Director
- Shreyas Shivakumar - Director
The latest financial statements of Akshtha Nidhi on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Akshtha Nidhi is U67100KA2019PLC123372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akshtha Nidhi was incorporated on 11 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Akshtha Nidhi by revenue are Subhsree Vincom Pvt Ltd, Gokak Bhagyalaxmi Chits Private Limited, Emerald Nidhi Limited, Syndicate Welfare Foundation, M.M.N & Sons Chits Company Private Limited and 5 more, all in the same principal business activity (other financial activities).
Shivakumar Neelakantayya ceased to be Director on 18 Jan 2021. Shreyas Shivakumar was appointed as Director on 18 Jan 2021. Adayya Swamy Mallayya Swamy Hiremath was appointed as Director on 11 Apr 2019. Akshtha Nidhi has 4 board changes on record in total.
The registered office of Akshtha Nidhi is at Jogin Maski Raichur, Karnataka, India – 584124.
Akshtha Nidhi operates in the financial services industry, in the auxiliary to financial intermediatory segment.
Akshtha Nidhi can be reached at its registered office: Jogin Maski Raichur, Karnataka, India – 584124.
Akshtha Nidhi is registered under the jurisdiction of the Registrar of Companies (ROC), Bangalore.
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