Karuthal Nidhi Limited
About Karuthal Nidhi Limited
Data last updated:
Karuthal Nidhi Limited is a nidhi company based in Kannur, Kerala, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 21 March 2018.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65999KL2018PLC052569.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹16 Lakh. It is led by directors including Thankamma Varghese Pottamplackal (Managing Director) and Pekkadamkuzhy Devasia Manual.
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 Ap 1/392 Second Floor Kizhakkepadavath Edoor Payam P O, Kannur, Kerala, India – 670704.
As per the financials filed for FY 2023, the company reported a revenue of ₹41,381, a decline of 83% compared to the previous year. For the same year it recorded a net loss of ₹9.95 Lakh and EBITDA of -₹8.99 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 46% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Karuthal Nidhi Limited's registered office is in Kannur, Kerala. Its e-mail address is in the company report.
- Email
- Registered AddressAp 1/392 Second Floor Kizhakkepadavath Edoor Payam P O, Kannur, Kerala, India – 670704
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Karuthal 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 Karuthal 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 Karuthal Nidhi Limited, buy the company report.
Financials of Karuthal Nidhi Limited
FY 2023 filings availableKaruthal Nidhi Limited reported revenue of ₹41,381 (down 83% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 46% over three years, including a 83% fall in the latest year. EBITDA fell 882% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹8.99 Lakh | ||||
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| Net Profit (PAT) | -₹9.95 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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To see the full financial statements and ratios of Karuthal Nidhi Limited, buy the company report.
Board of directors of Karuthal Nidhi Limited
Karuthal Nidhi has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pekkadamkuzhy Devasia Manual Also directs: Abana Chits India Private Limited | Director | 04 Oct 2019 | 7 Years 1 Months | Current |
| Thankamma Varghese Pottamplackal | Managing Director | 21 Mar 2018 | 8 Years 7 Months | Current |
| Soumya Manual | Director | 21 Mar 2018 | 8 Years 7 Months | Current |
Peer comparison
Karuthal Nidhi Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Sai Nalmas Chit Funds Private Limited | ₹41,653 (FY 2024) | -84.0% | Bhupalapally Jayashankar, Telangana, India | |||
| Tanya Nidhi Limited | ₹41,644 (FY 2021) | 505.0% | Maharajganj, Uttar Pradesh, India | |||
| Lokunnati India Nidhi Limited | ₹41,607 (FY 2022) | -57.0% | New Delhi, Delhi, India | |||
| Gargaj Mutual Benefits Nidhi Limited | ₹41,605 (FY 2024) | -72.0% | Gwalior, Madhya Pradesh, India | |||
| Greatway Nabadiganta Mutual Benefit Nidhi Limited | ₹41,541 (FY 2021) | Habra, West Bengal, India | ||||
| Karuthal Nidhi Limitedthis company | ₹41,381 (FY 2023) | -₹9.95 Lakh | -83.0% | Kannur, Kerala, India | ||
| RKN Nidhi Limited | ₹41,330 (FY 2019) | Pilani, Rajasthan, India | ||||
| Rajnandini Infrastructure Private Limited | ₹41,250 (FY 2019) | -46.0% | Kolkata, West Bengal, India | |||
| Karnagi Nidhi Limited | ₹41,209 (FY 2024) | 81.0% | Malda, West Bengal, India | |||
| Sri SPN Chit Funds Private Limited | ₹41,146 (FY 2023) | Mettupalayam, Tamil Nadu, India |
To see the full peer comparison of Karuthal Nidhi Limited, buy the company report.
Legal cases
Karuthal Nidhi Limited has 1 court case on record: 1 filed by Karuthal Nidhi. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against The Union of India and 3 others | Disposed |
To see the full case history of Karuthal 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 Karuthal 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 Karuthal Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Karuthal Nidhi Limited has 6 board changes on record since 2018: 3 appointments and 3 cessations. The latest: Sandesh Manual ceased to be Managing Director on 17 Mar 2021.
Frequently asked questions
Karuthal Nidhi is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
Karuthal Nidhi is a company pending strike off, currently registered as a nidhi company based in Kannur, Kerala, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 21 March 2018 and is registered under CIN U65999KL2018PLC052569. The company may be struck off soon - caution is advised.
Karuthal Nidhi has 3 current directors:
- Thankamma Varghese Pottamplackal - Managing Director
- Pekkadamkuzhy Devasia Manual - Director
- Soumya Manual - Director
The CIN (Corporate Identification Number) of Karuthal Nidhi is U65999KL2018PLC052569. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karuthal Nidhi was incorporated on 21 March 2018. It is registered with the Registrar of Companies, Ernakulam.
The registered office of Karuthal Nidhi is at Ap 1392 Second Floor Kizhakkepadavath Edoor Payam P O, Kannur, Kerala, India – 670704.
The latest financial statements of Karuthal 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 2018 are in the company report.
Karuthal Nidhi operates in the financial services industry, in the other financial intermediation segment.
The peers of Karuthal Nidhi by revenue are Sai Nalmas Chit Funds Private Limited, Tanya Nidhi Limited, Lokunnati India Nidhi Limited, Gargaj Mutual Benefits Nidhi Limited, Greatway Nabadiganta Mutual Benefit Nidhi Limited and 4 more, all in the same principal business activity (other financial activities).
Karuthal Nidhi has 1 court case on record: 1 filed by the company.
Sandesh Manual ceased to be Managing Director on 17 Mar 2021. Thankamma Varghese Pottamplackal ceased to be Director on 17 Mar 2021. Pekkadamkuzhy Devasia Manual ceased to be Additional Director on 24 Nov 2020. Karuthal Nidhi has 6 board changes on record in total.
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