Heewan Nidhi Limited
About Heewan Nidhi Limited
Data last updated:
Heewan Nidhi Limited is a nidhi company based in Thrissur, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 04 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65920KL2016PLC040051.
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹73.94 Lakh. It is led by directors including Chathayethil Sivarama Menon Sreenivas (Managing Director) and Sumana Changalath.
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 Door No.24/371 – 3 Iind Floor Heewan Tower Chakkamuck Punkunnam, Thrissur, Kerala, India – 680002.
As per the financials filed for FY 2021, the company reported a revenue of ₹53.9 Lakh, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹1.55 Cr (net margin -287.6%) and EBITDA of -₹82.1 Lakh (EBITDA margin -152.3%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years.
The company has about 44 employees on its provident fund (EPFO) records.
Court records list 115 cases involving the company, including 107 filed by the company and 8 filed against it; 80 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Heewan Nidhi Limited's registered office is in Thrissur, Kerala. Its e-mail address is in the company report.
- Email
- Registered AddressDoor No.24/371 – 3 Iind Floor Heewan Tower Chakkamuck Punkunnam, Thrissur, Kerala, India – 680002
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Heewan 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 Heewan 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 Heewan Nidhi Limited, buy the company report.
Financials of Heewan Nidhi Limited
FY 2021 filings availableHeewan Nidhi Limited reported revenue of ₹53.9 Lakh (down 24% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 20%. EBITDA fell 320% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹53.9 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹82.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.55 Cr | ||||
| 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 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -152.3% | ||||
| Net Profit Margin | -287.6% | ||||
| 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 Heewan Nidhi Limited, buy the company report.
Board of directors of Heewan Nidhi Limited
Heewan Nidhi has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumana Changalath | Director | 30 May 2016 | 10 Years 5 Months | Current |
| Biju Puthenveedu Manikandan | Director | 10 Jun 2019 | 7 Years 5 Months | Current |
| Mani Chundakkattil Anilkumar | Director | 04 Feb 2016 | 10 Years 9 Months | Current |
| Uttampully Syamkumar | Director | 04 Feb 2016 | 10 Years 9 Months | Current |
| Padikatte Raman Nambissan Ramachandran Also directs: Sree Pushpaka Trade Lines Private Limited | Director | 04 Feb 2016 | 10 Years 9 Months | Current |
| Chathayethil Sivarama Menon Sreenivas | Managing Director | 04 Feb 2016 | 10 Years 9 Months | Current |
Peer comparison
Heewan Nidhi Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Tegh Nidhi Limited | ₹54.22 Lakh (FY 2025) | 26.0% | New Delhi, Delhi, India | |||
| Akps Nidhi Limited | ₹54.15 Lakh (FY 2021) | Bangalore, Karnataka, India | ||||
| Valayanchirangara Nidhi Limited | ₹54.09 Lakh (FY 2024) | 9.0% | Ernakulam, Kerala, India | |||
| Uplabdh Nidhi Limited | ₹53.99 Lakh (FY 2025) | 12.0% | Bhopal, Madhya Pradesh, India | |||
| Heewan Nidhi Limitedthis company | ₹53.9 Lakh (FY 2021) | -₹1.55 Cr | -287.6% | -24.0% | 44 | Thrissur, Kerala, India |
| Vellore Mahalakshmi Nidhi Limited | ₹53.63 Lakh (FY 2025) | 29.0% | Vellore, Tamil Nadu, India | |||
| Richmax Nidhi Limited | ₹52.86 Lakh (FY 2024) | -55.0% | North Kalamassery, Kerala, India | |||
| Kochykunnel Nidhi Limited | ₹52.77 Lakh (FY 2025) | -99.0% | Muvattupuzha, Kerala, India |
To see the full peer comparison of Heewan Nidhi Limited, buy the company report.
Auditor
Heewan Nidhi Limited is audited by HIRAN AND CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HIRAN AND CO | FY 2021 | 013264S |
Shareholding
The shareholding of Heewan Nidhi Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Heewan Nidhi Limited, buy the company report.
Legal cases
Heewan Nidhi Limited has 115 court cases on record: 107 filed by Heewan Nidhi, 8 filed against it. 80 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 113 | 6 | 80 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 115)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Thrissur, Kerala | Criminal miscellaneous application | Filed against the company by District Collector | 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 Heewan 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 Heewan Nidhi Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Heewan Nidhi Limited has a workforce of 44 employees on its EPFO records as of Mar 2023, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2022-23 | 44 |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of Heewan Nidhi Limited, buy the company report.
GST
No GST registration is on our record for Heewan Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Heewan Nidhi Limited has 11 board changes on record since 2016: 6 appointments and 5 cessations. The latest: Greeshma Biju ceased to be Director on 31 Mar 2023.
2 earlier events are in the company report.
Frequently asked questions
Heewan Nidhi is an active nidhi company based in Thrissur, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 04 February 2016 (10+ years old) and is registered under CIN U65920KL2016PLC040051.
Heewan Nidhi has 6 current directors:
- Chathayethil Sivarama Menon Sreenivas - Managing Director
- Sumana Changalath - Director
- Biju Puthenveedu Manikandan - Director
- Mani Chundakkattil Anilkumar - Director
- Uttampully Syamkumar - Director
- Padikatte Raman Nambissan Ramachandran - Director
The latest financial statements of Heewan 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 2016 are in the company report.
The CIN (Corporate Identification Number) of Heewan Nidhi is U65920KL2016PLC040051. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Heewan Nidhi has 115 court cases on record: 107 filed by the company and 8 filed against it. 80 are pending. Most are in the district courts.
Heewan Nidhi was incorporated on 04 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Heewan Nidhi by revenue are Tegh Nidhi Limited, Akps Nidhi Limited, Valayanchirangara Nidhi Limited, Uplabdh Nidhi Limited, Vellore Mahalakshmi Nidhi Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Greeshma Biju ceased to be Director on 31 Mar 2023. Sundar Adiyat Menon ceased to be Director on 31 Mar 2023. Mani Parakkat Nair ceased to be Director on 10 Aug 2020. Heewan Nidhi has 11 board changes on record in total.
The registered office of Heewan Nidhi is at Door No.24371 – 3 Iind Floor Heewan Tower Chakkamuck Punkunnam, Thrissur, Kerala, India – 680002.
Heewan Nidhi operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Heewan Nidhi is compliant as of 16 July 2026. The company is actively filing with the Registrar of Companies.
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