BLC Nidhi Limited
About BLC Nidhi Limited
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BLC Nidhi Limited is a nidhi company based in Koppal, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 28 March 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65100KA2019PLC122877.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹34.29 Lakh. It is led by directors including Basavaraj Chandrashekar (Managing Director) and Abhishek K Patil.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Koppal, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹57.65 Lakh, a growth of 72% compared to the previous year. For the same year it recorded a net profit of ₹2.92 Lakh (net margin 5.1%) and EBITDA of ₹8.21 Lakh (EBITDA margin 14.2%).
Company details
Contact details
BLC Nidhi Limited's registered office is in Koppal, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressI Floor Pca & Rd Bank Complex Basaveshwara Circle Hosapete Road Kopp, Al, Koppal, Karnataka, India – 583231
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of BLC Nidhi Limited, buy the company report.
- 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 BLC 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 BLC Nidhi Limited, buy the company report.
Financials of BLC Nidhi Limited
FY 2023 filings availableBLC Nidhi Limited reported revenue of ₹57.65 Lakh (up 72% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 72% in the latest year. EBITDA rose 223% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹8.21 Lakh | ||||
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| Net Profit (PAT) | ₹2.92 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.2% | ||||
| Net Profit Margin | 5.1% | ||||
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To see the full financial statements and ratios of BLC Nidhi Limited, buy the company report.
Board of directors of BLC Nidhi Limited
BLC Nidhi has 6 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Basavaraj Chandrashekar Also directs: BLC Infrastructures Private Limited | Managing Director | 28 Mar 2019 | 7 Years 7 Months | Current |
| Abhishek K Patil | Director | 28 Mar 2019 | 7 Years 7 Months | Current |
| Kadabur Amaresh Patil | Director | 28 Mar 2019 | 7 Years 7 Months | Current |
| Sharanamma | Director | 28 Mar 2019 | 7 Years 7 Months | Current |
| Laxmidevi Chandrashekar Also directs: BLC Infrastructures Private Limited | Director | 28 Mar 2019 | 7 Years 7 Months | Current |
| Vaijeshwar Basangouda Patil Also directs: Alkod Realty Services Private Limited | Director | 28 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
BLC Nidhi Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Micro Finance), with 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 |
|---|---|---|---|---|---|---|
| Suphalacharita Chit Fund Private Limited | ₹59.01 Lakh (FY 2018) | 1.0% | Hyderabad, Telangana, India | |||
| Kopuram Chits Private Limited | ₹58.15 Lakh (FY 2022) | 34.0% | Kuniyamuthur, Tamil Nadu, India | |||
| BLC Nidhi Limitedthis company | ₹57.65 Lakh (FY 2023) | ₹2.92 Lakh | 5.1% | 72.0% | Koppal, Karnataka, India | |
| Bhadri and Mani Chit Private Limited | ₹57.42 Lakh (FY 2025) | 9.0% | Salem, Tamil Nadu, India | |||
| HSR Chits Private Limited | ₹57.4 Lakh (FY 2023) | 112.0% | Bangalore, Karnataka, India | |||
| Selvanaayaki Chit Private Limited | ₹57.36 Lakh (FY 2025) | -9.0% | Tirupur, Tamil Nadu, India | |||
| Chaitraratha Chits Private Limited | ₹57.17 Lakh (FY 2022) | -48.0% | Kamareddy, Telangana, India |
To see the full peer comparison of BLC Nidhi Limited, buy the company report.
Shareholding
The shareholding of BLC Nidhi Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of BLC Nidhi Limited, buy the company report.
Legal cases
No court or tribunal cases involving BLC 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 BLC 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 BLC Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
BLC Nidhi Limited has 8 board changes on record since 2019: 6 appointments and 2 cessations. The latest: Chakoti Veereshappa Chandrashekar ceased to be Director on 06 Mar 2023.
Frequently asked questions
BLC Nidhi is an active nidhi company based in Koppal, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 28 March 2019 (7+ years old) and is registered under CIN U65100KA2019PLC122877.
BLC Nidhi has 6 current directors:
- Basavaraj Chandrashekar - Managing Director
- Abhishek K Patil - Director
- Kadabur Amaresh Patil - Director
- Sharanamma - Director
- Laxmidevi Chandrashekar - Director
- Vaijeshwar Basangouda Patil - Director
The latest financial statements of BLC Nidhi on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of BLC Nidhi is U65100KA2019PLC122877. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
BLC Nidhi was incorporated on 28 March 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of BLC Nidhi by revenue are Suphalacharita Chit Fund Private Limited, Kopuram Chits Private Limited, Bhadri and Mani Chit Private Limited, HSR Chits Private Limited, Selvanaayaki Chit Private Limited and 1 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Chakoti Veereshappa Chandrashekar ceased to be Director on 06 Mar 2023. Basavaraj Chandrashekar ceased to be Director on 30 Dec 2020. Abhishek K Patil was appointed as Director on 28 Mar 2019. BLC Nidhi has 8 board changes on record in total.
The registered office of BLC Nidhi is at I Floor Pca & Rd Bank Complex Basaveshwara Circle Hosapete Road Kopp, Al, Koppal, Karnataka, India – 583231.
BLC Nidhi operates in the financial services industry, in the microfinance institutions segment.
BLC Nidhi can be reached at its registered office: I Floor Pca & Rd Bank Complex Basaveshwara Circle Hosapete Road Kopp, Al, Koppal, Karnataka, India – 583231.
BLC Nidhi is registered under the jurisdiction of the Registrar of Companies (ROC), Bangalore.
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