Emerald Nidhi Limited
About Emerald Nidhi Limited
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Emerald Nidhi Limited is a nidhi company based in Thrissur, Kerala, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 12 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2016PLC046808.
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹44.99 Lakh. It is led by directors including Chiramel Kunjavu Vareed Joshy (Managing Director) and Chittilapilly Jose Rofy.
Its last annual general meeting (AGM) was held on 24 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Room No. 10/37/23 Ground Floor Adam Bazar Rice Bazar, Thrissur, Kerala, India – 680001.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.43 Lakh, a decline of 67% compared to the previous year. For the same year it recorded a net loss of ₹10.55 Lakh (net margin -307.6%) and EBITDA of -₹5.53 Lakh (EBITDA margin -161.2%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 60% over five years.
Court records list 127 cases involving the company, including 125 filed by the company and 2 filed against it; 23 cases are pending. The company has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹27.7 Lakh; the latest was in May 2018. Its 3 peer companies in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 2 smaller; the largest is Sind-Wave Finance Services Private Limited with revenue of ₹3.43 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Emerald Nidhi Limited's registered office is in Thrissur, Kerala. Its e-mail address is in the company report.
- Email
- Registered AddressRoom No. 10/37/23 Ground Floor Adam Bazar Rice Bazar, Thrissur, Kerala, India – 680001
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Emerald 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 Emerald 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 Emerald Nidhi Limited, buy the company report.
Financials of Emerald Nidhi Limited
FY 2022 filings availableEmerald Nidhi Limited reported revenue of ₹3.43 Lakh (down 67% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 67% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 60%. EBITDA fell 239% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹5.53 Lakh | ||||
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| Net Profit (PAT) | -₹10.55 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -161.2% | ||||
| Net Profit Margin | -307.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Emerald Nidhi Limited, buy the company report.
Board of directors of Emerald Nidhi Limited
Emerald Nidhi has 16 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chittilapilly Jose Rofy Also directs: Emerald Kuries (India) Private Limited | Director | 20 Oct 2016 | 10 Years 0 Months | Current |
| Pulikottil Chakkunny Jose Also directs: Emerald Kuries (India) Private Limited | Director | 31 Mar 2018 | 8 Years 6 Months | Current |
| Chirammalkunjavu Mathew Vareeth | Director | 31 Aug 2019 | 7 Years 1 Months | Current |
| Koonan Lazar Antony Also directs: Emerald Kuries (India) Private Limited | Director | 31 Mar 2018 | 8 Years 6 Months | Current |
| Nilayattingal John James Also directs: Emerald Kuries (India) Private Limited | Director | 20 Oct 2016 | 10 Years 0 Months | Current |
| Manoj John Also directs: Emerald Kuries (India) Private Limited | Director | 31 Aug 2019 | 7 Years 1 Months | Current |
Peer comparison
Emerald Nidhi Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), 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 |
|---|---|---|---|---|---|---|
| Sind-Wave Finance Services Private Limited | ₹3.43 Lakh (FY 2025) | -77.0% | New Delhi, Delhi, India | |||
| Emerald Nidhi Limitedthis company | ₹3.43 Lakh (FY 2022) | -₹10.55 Lakh | -307.6% | -67.0% | Thrissur, Kerala, 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 |
To see the full peer comparison of Emerald Nidhi Limited, buy the company report.
Auditor
Emerald Nidhi Limited is audited by K R BENEDIN & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K R BENEDIN & CO | FY 2017 | 011935S |
Shareholding
The shareholding of Emerald Nidhi Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Emerald Nidhi Limited, buy the company report.
Deals & funding
Emerald Nidhi Limited has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹27.7 Lakh; the latest was in May 2018.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2018 | Funding round | ₹9.7 Lakh | Investors: 4 individuals |
| Oct 2017 | Funding round | ₹18 Lakh | Investors: 4 individuals |
| Dec 2016 | Rights issue | ₹6.2 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Emerald Nidhi Limited has 127 court cases on record: 125 filed by Emerald Nidhi, 2 filed against it. 23 cases are pending and 104 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 126 | 1 | 23 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 127)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Emerald 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 Emerald 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 Emerald Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Emerald Nidhi Limited has 33 board changes on record since 2016: 16 appointments and 17 cessations. The latest: Chiramel Kunjavu Vareed Joshy ceased to be Director on 31 Jan 2021.
24 earlier events are in the company report.
Frequently asked questions
Emerald Nidhi is an active nidhi company based in Thrissur, Kerala, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 12 September 2016 (10+ years old) and is registered under CIN U65992KL2016PLC046808.
Emerald Nidhi has 16 current directors:
- Chiramel Kunjavu Vareed Joshy - Managing Director
- Chittilapilly Jose Rofy - Director
- Pulikottil Chakkunny Jose - Director
- Chirammalkunjavu Mathew Vareeth - Director
- Koonan Lazar Antony - Director
- Nilayattingal John James - Director
- Manoj John - Director
- Vallachirakkaran Jacob Lazar - Director
- Alappat Joseph Vincent - Director
- Joe David - Director
- Rinto Jose - Director
- Bobby Chittilappilly John - Director
- Cherpukaren Pyloth Simon - Director
- Kalookaran Paul James - Director
- Vincent Pulikkottil Joseph - Director
- Ajay Kokkandra Karthikeyan - Director
The latest financial statements of Emerald Nidhi on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 24 September 2022. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Emerald Nidhi is U65992KL2016PLC046808. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Emerald Nidhi has 127 court cases on record: 125 filed by the company and 2 filed against it. 23 are pending. Most are in the district courts.
Emerald Nidhi was incorporated on 12 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ernakulam.
Emerald Nidhi has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹27.7 Lakh; the latest was in May 2018.
The peers of Emerald Nidhi by revenue are Sind-Wave Finance Services Private Limited, Surya Industrial Developments Ltd, Shree Ji Sharda Nidhi Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Chiramel Kunjavu Vareed Joshy ceased to be Director on 31 Jan 2021. Dinu Davis ceased to be Director on 31 Jan 2021. Jose George ceased to be Director on 31 Jan 2021. Emerald Nidhi has 33 board changes on record in total.
The registered office of Emerald Nidhi is at Room No. 103723 Ground Floor Adam Bazar Rice Bazar, Thrissur, Kerala, India – 680001.
Emerald Nidhi operates in the financial services industry, in the diversified financial services segment.