Maxgrow Nidhi Limited
About Maxgrow Nidhi Limited
Data last updated:
Maxgrow Nidhi Limited is a nidhi company based in Kodungallur, Kerala, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 17 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65991KL2019PLN059996.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹72.51 Lakh. It is led by directors including Saneeth (Managing Director) and Zulfath Pathayapurakal Yoosaf.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kodungallur, Kerala.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.92 Lakh, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹13.75 Lakh (net margin -138.5%) and EBITDA of -₹51,300 (EBITDA margin -5.2%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 24% over five years.
Court records list 17 cases involving the company, including 17 filed by the company; 7 cases are pending.
Company details
Contact details
Maxgrow Nidhi Limited's registered office is in Kodungallur, Kerala.
- Registered AddressNo. 207/S T U V W Salam Plaza, Abdulla Road Madavana P O, Kodungallur, Kerala, India – 680666
- IndustryFinancial Services, Other Financial Intermediation, Mutual Fund
- 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 Maxgrow 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 Maxgrow Nidhi Limited, buy the company report.
Financials of Maxgrow Nidhi Limited
FY 2025 filings availableMaxgrow Nidhi Limited reported revenue of ₹9.92 Lakh (down 49% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 49% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA fell 144% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹51,300 | ||||
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| Net Profit (PAT) | -₹13.75 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -5.2% | ||||
| Net Profit Margin | -138.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Maxgrow Nidhi Limited, buy the company report.
Board of directors of Maxgrow Nidhi Limited
Maxgrow Nidhi has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Zulfath Pathayapurakal Yoosaf Also directs: Maxgrow Jewellers Private Limited, Maxgrow Development Foundation | Director | 17 Oct 2019 | 7 Years 0 Months | Current |
| Saneeth Also directs: Maxgrow Jewellers Private Limited, Maxgrow Development Foundation | Managing Director | 17 Oct 2019 | 7 Years 0 Months | Current |
| Thekkoott Sreenivasan Vineeth | Director | 12 Jan 2021 | 5 Years 9 Months | Current |
Peer comparison
Maxgrow 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 |
|---|---|---|---|---|---|---|
| Hridya Business Growth Services Private Limited | ₹9.95 Lakh (FY 2025) | 14.0% | Bishrakh, Uttar Pradesh, India | |||
| Ambai Kuries India Private Limited | ₹9.93 Lakh (FY 2025) | 73.0% | Pune, Maharashtra, India | |||
| Rolex Trafin Private Limited | ₹9.93 Lakh (FY 2024) | 1.0% | Kolkata, West Bengal, India | |||
| Damyant Fintech Private Limited | ₹9.93 Lakh (FY 2025) | 231.0% | New Delhi, Delhi, India | |||
| Pudhaiyal Chit Funds Private Limited | ₹9.93 Lakh (FY 2020) | -3.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Maxgrow Nidhi Limitedthis company | ₹9.92 Lakh (FY 2025) | -₹13.75 Lakh | -138.5% | -49.0% | Kodungallur, Kerala, India | |
| Dhasam Chits Private Limited | ₹9.92 Lakh (FY 2025) | 9.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Rummy Chhabra Investments Private Limited | ₹9.92 Lakh (FY 2025) | 91.0% | Haryana, India | |||
| Madhu Credit & Finance Pvt. Ltd. | ₹9.91 Lakh (FY 2025) | 11.0% | Kolkata, West Bengal, India | |||
| D P Fiscal Services Private Limited | ₹9.91 Lakh (FY 2024) | 0.0% | Kolkata, West Bengal, India | |||
| Ajit Forex Private Limited | ₹9.91 Lakh (FY 2023) | -32.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Maxgrow Nidhi Limited, buy the company report.
Legal cases
Maxgrow Nidhi Limited has 17 court cases on record: 17 filed by Maxgrow Nidhi. 7 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 0 | 7 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against individuals | Pending |
| District court, Thrissur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Ernakulam, Kerala | Execution petition | Filed by the company against individuals | Pending |
| District court, Thrissur, Kerala | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Maxgrow 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 Maxgrow 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 Maxgrow Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Maxgrow Nidhi Limited has 5 board changes on record since 2019: 3 appointments and 2 cessations. The latest: Saneeth ceased to be Director on 26 Dec 2023.
Frequently asked questions
Maxgrow Nidhi is an active nidhi company based in Kodungallur, Kerala, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 17 October 2019 (7+ years old) and is registered under CIN U65991KL2019PLN059996.
Maxgrow Nidhi has 3 current directors:
- Saneeth - Managing Director
- Zulfath Pathayapurakal Yoosaf - Director
- Thekkoott Sreenivasan Vineeth - Director
The latest financial statements of Maxgrow Nidhi on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Maxgrow Nidhi is U65991KL2019PLN059996. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maxgrow Nidhi has 17 court cases on record: 17 filed by the company. 7 are pending.
Maxgrow Nidhi was incorporated on 17 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Maxgrow Nidhi by revenue are Hridya Business Growth Services Private Limited, Ambai Kuries India Private Limited, Rolex Trafin Private Limited, Damyant Fintech Private Limited, Pudhaiyal Chit Funds Private Limited and 5 more, all in the same principal business activity (other financial activities).
Saneeth ceased to be Director on 26 Dec 2023. Panikkasseril Krishnan Jayanandan ceased to be Director on 12 Jan 2021. Thekkoott Sreenivasan Vineeth was appointed as Director on 12 Jan 2021. Maxgrow Nidhi has 5 board changes on record in total.
The registered office of Maxgrow Nidhi is at No. 207S T U V W Salam Plaza, Abdulla Road Madavana P O, Kodungallur, Kerala, India – 680666.
Maxgrow Nidhi operates in the financial services industry, in the other financial intermediation segment.
Maxgrow Nidhi can be reached at its registered office: No. 207S T U V W Salam Plaza, Abdulla Road Madavana P O, Kodungallur, Kerala, India – 680666.
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