About Hope Nidhi Limited
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Hope Nidhi Limited is a nidhi company based in Tirur, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 30 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U67190KL2016PLC047674.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹16.94 Lakh. It is led by directors including Salahudheen Palakavalappil Cheriyaottayil and Kotathara Mandress Ardnan.
Its last annual general meeting (AGM) was held on 01 March 2023, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Tirur, Kerala.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.58 Lakh, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹32,640 (net margin 12.7%) and EBITDA of ₹74,630 (EBITDA margin 28.9%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hopenidhi.in.
Company details
Contact details
Hope Nidhi Limited's registered office is in Tirur, Kerala. Its website is hopenidhi.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.20/802 1st Floor Amh Building Near Prakash Gas Agencies T, Hazhepalam, Tirur, Kerala, India – 676101
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Hope 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 Hope 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 Hope Nidhi Limited, buy the company report.
Financials of Hope Nidhi Limited
FY 2022 filings availableHope Nidhi Limited reported revenue of ₹2.58 Lakh (down 16% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over three years, including a 16% fall in the latest year. EBITDA fell 47% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.58 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹74,630 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹32,640 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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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 | 28.9% | ||||
| Net Profit Margin | 12.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Hope Nidhi Limited, buy the company report.
Board of directors of Hope Nidhi Limited
Hope Nidhi has 10 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Salahudheen Palakavalappil Cheriyaottayil Also directs: Team-Hope Trade Ventures LLP, Anzal Apparels LLP | Director | 05 Jan 2017 | 9 Years 9 Months | Current |
| Kotathara Mandress Ardnan | Director | 30 Dec 2016 | 9 Years 10 Months | Current |
| Mathilakath Veettil Moideen Bava | Director | 30 Dec 2016 | 9 Years 10 Months | Current |
| Mohammed Achipra | Director | 30 Dec 2016 | 9 Years 10 Months | Current |
| Haidarali Kappattakath Ottayil | Director | 29 Nov 2018 | 7 Years 11 Months | Current |
| Sharafudeen Chundanveettil Pazhayaottayil | Director | 31 Dec 2017 | 8 Years 10 Months | Current |
Peer comparison
Hope 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 |
|---|---|---|---|---|---|---|
| Shree Ratanam Nidhi Limited | ₹2.64 Lakh (FY 2024) | -33.0% | Beawar, Rajasthan, India | |||
| Puran Jyoti Chits Private Limited | ₹2.64 Lakh (FY 2017) | -23.0% | Bahadurgarh, Haryana, India | |||
| Hope Nidhi Limitedthis company | ₹2.58 Lakh (FY 2022) | ₹32,640 | 12.7% | -16.0% | Tirur, Kerala, India | |
| Jana Vikas Micro Finance | ₹2.56 Lakh (FY 2015) | -36.0% | Guwahati, Assam, India | |||
| Think Big Chit Funds Private Limited | ₹2.5 Lakh (FY 2024) | -74.0% | Hyderabad, Telangana, India | |||
| Navodhaya Kuries Private Limited | ₹2.5 Lakh (FY 2025) | -88.0% | Thrissur, Kerala, India | |||
| MH Chits Private Limited | ₹2.5 Lakh (FY 2024) | Gurgaon, Haryana, India |
To see the full peer comparison of Hope Nidhi Limited, buy the company report.
Auditor
Hope Nidhi Limited is audited by T H & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T H & CO | FY 2022 | 013746S |
Shareholding
The shareholding of Hope Nidhi Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hope Nidhi Limited, buy the company report.
Legal cases
No court or tribunal cases involving Hope 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 Hope 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 Hope Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Hope Nidhi Limited has 23 board changes on record since 2016: 10 appointments and 13 cessations. The latest: Anwar Charath ceased to be Director on 15 Mar 2024.
14 earlier events are in the company report.
Frequently asked questions
Hope Nidhi is an active nidhi company based in Tirur, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 30 December 2016 (10+ years old) and is registered under CIN U67190KL2016PLC047674.
Hope Nidhi has 10 current directors:
- Salahudheen Palakavalappil Cheriyaottayil - Director
- Kotathara Mandress Ardnan - Director
- Mathilakath Veettil Moideen Bava - Director
- Mohammed Achipra - Director
- Haidarali Kappattakath Ottayil - Director
- Sharafudeen Chundanveettil Pazhayaottayil - Director
- Nalakath Pareed - Director
- Abdussalam Pannikandathil - Director
- Rubeena Raffi - Director
- Kadengal Abdulwahab - Director
The latest financial statements of Hope Nidhi on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 01 March 2023. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Hope Nidhi is U67190KL2016PLC047674. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hope Nidhi was incorporated on 30 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Hope Nidhi by revenue are Shree Ratanam Nidhi Limited, Puran Jyoti Chits Private Limited, Jana Vikas Micro Finance, Think Big Chit Funds Private Limited, Navodhaya Kuries Private Limited and 1 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Anwar Charath ceased to be Director on 15 Mar 2024. Hamza Madampat ceased to be Director on 15 Mar 2024. Nissam Valiyaveettil Kurumkulath ceased to be Director on 15 Mar 2024. Hope Nidhi has 23 board changes on record in total.
Hope Nidhi can be reached through the website hopenidhi.in. Its registered office is in Tirur, Kerala, India.
The registered office of Hope Nidhi is at No.20802 1st Floor Amh Building Near Prakash Gas Agencies T, Hazhepalam, Tirur, Kerala, India – 676101.
Hope Nidhi operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Hope Nidhi is compliant as of 01 July 2026. The company is actively filing with the Registrar of Companies.
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