Mayanand Nidhi Limited
About Mayanand Nidhi Limited
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Mayanand Nidhi Limited is a nidhi company based in Nagpur, Maharashtra, India. It operates in the insurance and pension services segment of the insurance sector. It was incorporated on 08 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U67200MH2019PLC320862.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Anil Kumar Kothari and Jaya Nandkishor Shahu.
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 House No 834 Plot No 9 – 10 Navkanya Nagar Bharatwada Bhandewadi, Nagpur, Maharashtra, India – 440008.
As per the financials filed for FY 2024, the company reported a revenue of ₹91,498, a decline of 44% compared to the previous year. For the same year it recorded a net profit of ₹2,179 (net margin 2.4%) and EBITDA of ₹2,758 (EBITDA margin 3%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mayanand Nidhi Limited's registered office is in Nagpur, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressHouse No 834 Plot No 9 – 10 Navkanya Nagar Bharatwada Bhandewadi, Nagpur, Maharashtra, India – 440008
- IndustryInsurance, Insurance & Pension Services
To see the full contact details of Mayanand 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 Mayanand Nidhi is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Mayanand Nidhi Limited, buy the company report.
Financials of Mayanand Nidhi Limited
FY 2025 filings availableMayanand Nidhi Limited reported revenue of ₹91,498 (down 44% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 31% over three years, including a 44% fall in the latest year. EBITDA fell 66% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2,758 | ||||
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| Net Profit (PAT) | ₹2,179 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 3% | ||||
| Net Profit Margin | 2.4% | ||||
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To see the full financial statements and ratios of Mayanand Nidhi Limited, buy the company report.
Board of directors of Mayanand Nidhi Limited
Mayanand Nidhi has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Kumar Kothari | Director | 16 Nov 2021 | 4 Years 11 Months | Current |
| Jaya Nandkishor Shahu Also directs: Mayanand-Welfare Nidhi Limited | Director | 08 Feb 2019 | 7 Years 8 Months | Current |
| Nandkishor Hemant Shahu Also directs: Mayanand-Welfare Nidhi Limited | Director | 08 Feb 2019 | 7 Years 8 Months | Current |
| Shanti Lal Kothari | Director | 16 Nov 2021 | 4 Years 11 Months | Current |
Peer comparison
Mayanand Nidhi Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| K2vs Insurance Marketing Private Limited | ₹92,225 (FY 2025) | Mumbai, Maharashtra, India | ||||
| Asja Investment Services Private Limited | ₹92,084 (FY 2025) | 83.0% | Mohali, Punjab, India | |||
| Neer Consultancy Pvt Ltd | ₹92,082 (FY 2025) | -70.0% | Kolkata, West Bengal, India | |||
| Dadha Engineering & Credit Pvt Ltd | ₹92,051 (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Govindharaja Swamy Devasthanam Foundation | ₹92,000 (FY 2025) | -67.0% | Hyderabad, Telangana, India | |||
| Mayanand Nidhi Limitedthis company | ₹91,498 (FY 2024) | ₹2,179 | 2.4% | -44.0% | Nagpur, Maharashtra, India | |
| Fine Auto Le3asing and Finance Private Limited | ₹91,260 (FY 2025) | -6.0% | New Delhi, Delhi, India | |||
| Arnica Chemicals Pvt Ltd | ₹90,639 (FY 2025) | -89.0% | Kolkata, West Bengal, India | |||
| Lotus Capital & Investments Private Limited | ₹90,550 (FY 2025) | Mumbai, Maharashtra, India | ||||
| Niche Corporate Advisors Private Limited | ₹90,480 (FY 2024) | -25.0% | New Delhi, Delhi, India | |||
| Sreenidhi Holdings Pvt Ltd | ₹90,359 (FY 2025) | -47.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Mayanand Nidhi Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mayanand 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 Mayanand 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 Mayanand Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mayanand Nidhi Limited has 7 board changes on record since 2019: 4 appointments and 3 cessations. The latest: Anil Kumar Kothari ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
Mayanand Nidhi is an active nidhi company based in Nagpur, Maharashtra, India. The company works in insurance and pension services, within the insurance industry. It was incorporated on 08 February 2019 (7+ years old) and is registered under CIN U67200MH2019PLC320862.
Mayanand Nidhi has 4 current directors:
- Anil Kumar Kothari - Director
- Jaya Nandkishor Shahu - Director
- Nandkishor Hemant Shahu - Director
- Shanti Lal Kothari - Director
The latest financial statements of Mayanand 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 2019 are in the company report.
The CIN (Corporate Identification Number) of Mayanand Nidhi is U67200MH2019PLC320862. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mayanand Nidhi was incorporated on 08 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Nagpur.
The peers of Mayanand Nidhi by revenue are K2vs Insurance Marketing Private Limited, Asja Investment Services Private Limited, Neer Consultancy Pvt Ltd, Dadha Engineering & Credit Pvt Ltd, Govindharaja Swamy Devasthanam Foundation and 5 more, all in the same principal business activity (activities auxiliary to financial service and insurance activities).
Anil Kumar Kothari ceased to be Additional Director on 30 Sep 2022. Shanti Lal Kothari ceased to be Additional Director on 30 Sep 2022. Hemant Ramkhilavan Shahu ceased to be Director on 17 Nov 2021. Mayanand Nidhi has 7 board changes on record in total.
The registered office of Mayanand Nidhi is at House No 834 Plot No 9 – 10 Navkanya Nagar Bharatwada Bhandewadi, Nagpur, Maharashtra, India – 440008.
Mayanand Nidhi operates in the insurance industry, in the insurance and pension services segment.
The compliance status of Mayanand Nidhi is compliant as of 27 July 2026. The company is actively filing with the Registrar of Companies.
Mayanand Nidhi can be reached at its registered office: House No 834 Plot No 9 – 10 Navkanya Nagar Bharatwada Bhandewadi, Nagpur, Maharashtra, India – 440008.
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