Bhima Rural Development Nidhi Limited
About Bhima Rural Development Nidhi Limited
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Bhima Rural Development Nidhi Limited is a nidhi company based in Thrissur, Kerala, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 20 December 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65929KL2018PLC056052.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹18.1 Lakh. It is led by directors including Mulakkal Balan Mithun (Managing Director) and Mulakkal Balan Bimal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Door No. X/217 Ist Floor Above Deeco Bldg. Materials Calicut Road Kunnamkulam, Thrissur, Kerala, India – 680503.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.41 Lakh, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹32,538 (net margin 2.6%) and EBITDA of ₹7.81 Lakh (EBITDA margin 63%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years.
Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹12.8 Lakh; the latest was in August 2019. Its 10 peer companies in the same principal business activity (other financial activities) are compared by revenue, 5 larger and 5 smaller; the largest is Janakamana Micro Services Foundation with revenue of ₹12.44 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Bhima Rural Development Nidhi Limited's registered office is in Thrissur, Kerala.
- Registered AddressDoor No. X/217 Ist Floor Above Deeco Bldg. Materials Calicut Road Kunnamkulam, Thrissur, Kerala, India – 680503
- IndustryFinancial Services, Other Financial Intermediation, Credit Allocation Agencies, Pawn Shops
- 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 Bhima Rural Development 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 Bhima Rural Development Nidhi Limited, buy the company report.
Financials of Bhima Rural Development Nidhi Limited
FY 2025 filings availableBhima Rural Development Nidhi Limited reported revenue of ₹12.41 Lakh (down 25% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over three years, including a 25% fall in the latest year. EBITDA fell 21% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹7.81 Lakh | ||||
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| Net Profit (PAT) | ₹32,538 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 63% | ||||
| Net Profit Margin | 2.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Bhima Rural Development Nidhi Limited, buy the company report.
Board of directors of Bhima Rural Development Nidhi Limited
Bhima Rural Development 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 |
|---|---|---|---|---|
| Mulakkal Balan Bimal | Director | 20 Dec 2018 | 7 Years 10 Months | Current |
| Mulakkal Balan Mithun | Managing Director | 20 Dec 2018 | 7 Years 10 Months | Current |
| Mulakkal Chennan Balan | Director | 20 Dec 2018 | 7 Years 10 Months | Current |
Peer comparison
Bhima Rural Development 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 |
|---|---|---|---|---|---|---|
| Janakamana Micro Services Foundation | ₹12.44 Lakh (FY 2024) | 4843.0% | Mirzapur, Uttar Pradesh, India | |||
| Ghatanji Urban Nidhi Limited | ₹12.42 Lakh (FY 2019) | 3122.0% | Yavatmal, Maharashtra, India | |||
| Prayas Properties Private Limited | ₹12.42 Lakh (FY 2023) | 30.0% | Kolkata, West Bengal, India | |||
| Bhadratha Nidhi Limited | ₹12.41 Lakh (FY 2025) | -33.0% | Nilambur, Kerala, India | |||
| Arbhav Financial Solutions Private Limited | ₹12.41 Lakh (FY 2024) | Ratlam, Madhya Pradesh, India | ||||
| Bhima Rural Development Nidhi Limitedthis company | ₹12.41 Lakh (FY 2024) | ₹32,538 | 2.6% | -25.0% | Thrissur, Kerala, India | |
| Centralkerala Chits (Aloor) Private Limited | ₹12.41 Lakh (FY 2025) | 22.0% | Thrissur, Kerala, India | |||
| Shachi Advisory Services Private Limited | ₹12.4 Lakh (FY 2025) | 727.0% | Agra, Uttar Pradesh, India | |||
| Shree Gokuladevi Chits India Private Limited | ₹12.38 Lakh (FY 2024) | 4.0% | Coimbatore, Tamil Nadu, India | |||
| Systematix Commodities Services Private Limited | ₹12.38 Lakh (FY 2025) | -80.0% | Mumbai, Maharashtra, India | |||
| Scintil Capital Private Limited | ₹12.38 Lakh (FY 2024) | -37.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Bhima Rural Development Nidhi Limited, buy the company report.
Deals & funding
Bhima Rural Development Nidhi Limited has 1 deal on record (1 funding round), with disclosed funding of ₹12.8 Lakh; the latest was in August 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Funding round | ₹12.8 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bhima Rural Development Nidhi Limited has 1 court case on record: 1 filed by Bhima Rural Development Nidhi. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against Union of India and 3 others | Pending |
To see the full case history of Bhima Rural Development Nidhi Limited, buy the company report.
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
No delayed payments to MSME suppliers are on our record for Bhima Rural Development 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 Bhima Rural Development Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Bhima Rural Development Nidhi Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Mulakkal Balan Mithun ceased to be Director on 01 Jan 2019.
Frequently asked questions
Bhima Rural Development Nidhi is an active nidhi company based in Thrissur, Kerala, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 20 December 2018 (8+ years old) and is registered under CIN U65929KL2018PLC056052.
Bhima Rural Development Nidhi has 3 current directors:
- Mulakkal Balan Mithun - Managing Director
- Mulakkal Balan Bimal - Director
- Mulakkal Chennan Balan - Director
The latest financial statements of Bhima Rural Development Nidhi on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Bhima Rural Development Nidhi is U65929KL2018PLC056052. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhima Rural Development Nidhi has 1 court case on record: 1 filed by the company. 1 is pending.
Bhima Rural Development Nidhi was incorporated on 20 December 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ernakulam.
Bhima Rural Development Nidhi has 1 deal on record (1 funding round), with disclosed funding of ₹12.8 Lakh; the latest was in August 2019.
The peers of Bhima Rural Development Nidhi by revenue are Janakamana Micro Services Foundation, Ghatanji Urban Nidhi Limited, Prayas Properties Private Limited, Bhadratha Nidhi Limited, Arbhav Financial Solutions Private Limited and 5 more, all in the same principal business activity (other financial activities).
Mulakkal Balan Mithun ceased to be Director on 01 Jan 2019. Mulakkal Balan Bimal was appointed as Director on 20 Dec 2018. Mulakkal Balan Mithun was appointed as Managing Director on 20 Dec 2018. Bhima Rural Development Nidhi has 4 board changes on record in total.
The registered office of Bhima Rural Development Nidhi is at Door No. X217 Ist Floor Above Deeco Bldg. Materials Calicut Road Kunnamkulam, Thrissur, Kerala, India – 680503.
Bhima Rural Development Nidhi operates in the financial services industry, in the other financial intermediation segment.
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