Frontworth India Nidhi Limited
About Frontworth India Nidhi Limited
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Frontworth India Nidhi Limited is a nidhi company based in Ambarnath, Maharashtra, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 29 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65993MH2018PLC311332.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Vijay Popat Gunjal and Amol Janardan Gurav.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Flat No 005 1st Floor Heramb Apartment Kher Section, Ambarnath, Maharashtra, India – 421501.
As per the financials filed for FY 2022, the company reported a revenue of ₹7.42 Lakh, a decline of 37% compared to the previous year. For the same year it recorded a net loss of ₹6.53 Lakh (net margin -88%) and EBITDA of -₹5.43 Lakh (EBITDA margin -73.2%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years.
Court records list 3 cases involving the company, including 3 filed against it; 2 cases are pending.
Company details
Contact details
Frontworth India Nidhi Limited's registered office is in Ambarnath, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressFlat No 005 1st Floor Heramb Apartment Kher Section, Ambarnath, Maharashtra, India – 421501
- IndustryFinancial Services, Other Financial Intermediation, Investment Companies
To see the full contact details of Frontworth India 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 Frontworth India 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 Frontworth India Nidhi Limited, buy the company report.
Financials of Frontworth India Nidhi Limited
FY 2022 filings availableFrontworth India Nidhi Limited reported revenue of ₹7.42 Lakh (down 37% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 37% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 29%. EBITDA fell 398% 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 |
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| EBITDA | -₹5.43 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹6.53 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -73.2% | |||
| Net Profit Margin | -88% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Frontworth India Nidhi Limited, buy the company report.
Board of directors of Frontworth India Nidhi Limited
Frontworth India 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 |
|---|---|---|---|---|
| Vijay Popat Gunjal | Director | 29 Jun 2018 | 8 Years 4 Months | Current |
| Amol Janardan Gurav | Director | 29 Jun 2018 | 8 Years 4 Months | Current |
| Karishma Ganesh Chavan | Director | 04 May 2022 | 4 Years 6 Months | Current |
Peer comparison
Frontworth India 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 |
|---|---|---|---|---|---|---|
| Sreebhadra Nidhi Limited | ₹7.43 Lakh (FY 2025) | -9.0% | Thrissur, Kerala, India | |||
| R J Finlease Pvt Ltd | ₹7.43 Lakh (FY 2024) | 7.0% | Udaipur, Rajasthan, India | |||
| Sikander Trading Private Limited | ₹7.43 Lakh (FY 2020) | 64.0% | Mumbai, Maharashtra, India | |||
| Dharsons Shareshoppe Private Limited | ₹7.43 Lakh (FY 2016) | Mumbai, Maharashtra, India | ||||
| Shri Guheshwar Chits Private Limited | ₹7.42 Lakh (FY 2018) | 283.0% | Jamakhandi, Karnataka, India | |||
| Frontworth India Nidhi Limitedthis company | ₹7.42 Lakh (FY 2022) | -₹6.53 Lakh | -88% | -37.0% | Ambarnath, Maharashtra, India | |
| Homfit Finance and Leasing Limited | ₹7.41 Lakh (FY 2017) | -1.0% | Thrissur, Kerala, India | |||
| Meti Finance Private Limited | ₹7.41 Lakh (FY 2024) | 20.0% | Kolkata, West Bengal, India | |||
| Priyanshi Nidhi Limited | ₹7.41 Lakh (FY 2019) | 603.0% | Varanasi, Uttar Pradesh, India | |||
| Kalaivani Chits (Purasai) Private Limited | ₹7.4 Lakh (FY 2024) | -34.0% | Chennai, Tamil Nadu, India | |||
| Vasuki Finance Private Limited | ₹7.4 Lakh (FY 2018) | 42.0% | Tuticorin, Tamil Nadu, India |
To see the full peer comparison of Frontworth India Nidhi Limited, buy the company report.
Legal cases
Frontworth India Nidhi Limited has 3 court cases on record: 3 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| High courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Frontworth India 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 Frontworth India 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 Frontworth India Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Frontworth India Nidhi Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Smita Shrirang Kadam ceased to be Director on 26 Nov 2022.
Frequently asked questions
Frontworth India Nidhi is an active nidhi company based in Ambarnath, Maharashtra, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 29 June 2018 (8+ years old) and is registered under CIN U65993MH2018PLC311332.
Frontworth India Nidhi has 3 current directors:
- Vijay Popat Gunjal - Director
- Amol Janardan Gurav - Director
- Karishma Ganesh Chavan - Director
The latest financial statements of Frontworth India Nidhi on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Frontworth India Nidhi is U65993MH2018PLC311332. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Frontworth India Nidhi has 3 court cases on record: 3 filed against it. 2 are pending. Most are in the district courts.
Frontworth India Nidhi was incorporated on 29 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Frontworth India Nidhi by revenue are Sreebhadra Nidhi Limited, R J Finlease Pvt Ltd, Sikander Trading Private Limited, Dharsons Shareshoppe Private Limited, Shri Guheshwar Chits Private Limited and 5 more, all in the same principal business activity (other financial activities).
Smita Shrirang Kadam ceased to be Director on 26 Nov 2022. Karishma Ganesh Chavan was appointed as Director on 04 May 2022. Amol Janardan Gurav was appointed as Director on 29 Jun 2018. Frontworth India Nidhi has 4 board changes on record in total.
The registered office of Frontworth India Nidhi is at Flat No 005 1st Floor Heramb Apartment Kher Section, Ambarnath, Maharashtra, India – 421501.
Frontworth India Nidhi operates in the financial services industry, in the other financial intermediation segment.
Frontworth India Nidhi can be reached at its registered office: Flat No 005 1st Floor Heramb Apartment Kher Section, Ambarnath, Maharashtra, India – 421501.
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