Ocean Nidhi Limited
About Ocean Nidhi Limited
Data last updated:
Ocean Nidhi Limited is a nidhi company based in Jodhpur, Rajasthan, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 29 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U65992RJ2003PLC018841.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹13.38 Lakh. It is led by directors including Firoz Beg and Mohd Ayyub Chippa.
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. 116 – 117 Vivekananda Nagar Pal Basni Link Road, Jodhpur, Rajasthan, India – 342005.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.91 Lakh, a decline of 20% compared to the previous year. For the same year it recorded a net loss of ₹1.19 Lakh (net margin -62.2%) and EBITDA of -₹1.51 Lakh (EBITDA margin -79.1%). Revenue has declined at a compounded annual rate (CAGR) of 32% over three years and 29% over five years.
Court records list 106 cases involving the company, including 106 filed by the company; 47 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ocean Nidhi Limited's registered office is in Jodhpur, Rajasthan. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressHouse No. 116 – 117 Vivekananda Nagar Pal Basni Link Road, Jodhpur, Rajasthan, India – 342005
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Ocean 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 Ocean 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 Ocean Nidhi Limited, buy the company report.
Financials of Ocean Nidhi Limited
FY 2025 filings availableOcean Nidhi Limited reported revenue of ₹1.91 Lakh (down 20% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 20% fall in the latest year. EBITDA rose 57% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.51 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.19 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -79.1% | ||||
| Net Profit Margin | -62.2% | ||||
| 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 Ocean Nidhi Limited, buy the company report.
Board of directors of Ocean Nidhi Limited
Ocean Nidhi has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Firoz Beg | Director | 29 Jan 2015 | 11 Years 8 Months | Current |
| Mohd Ayyub Chippa | Director | 01 Mar 2021 | 5 Years 7 Months | Current |
| Sanjay Thaploo | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Ocean Nidhi Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Emerald Kuries (India) Private Limited | ₹1.93 Lakh (FY 2024) | -55.0% | Thrissur, Kerala, India | |||
| Kozhikala Pramadam Chits Private Limited | ₹1.92 Lakh (FY 2024) | -32.0% | Mavelikara, Kerala, India | |||
| Ocean Nidhi Limitedthis company | ₹1.91 Lakh (FY 2024) | -₹1.19 Lakh | -62.2% | -20.0% | Jodhpur, Rajasthan, India | |
| Sistec Micro Finance Limited | ₹1.91 Lakh (FY 2015) | Patna, Bihar, India | ||||
| Nathsagar Kuries Private Limited | ₹1.9 Lakh (FY 2021) | 32.0% | Aurangabad, Maharashtra, India | |||
| Janhit Micro Finance Association | ₹1.88 Lakh (FY 2016) | Allahabad, Uttar Pradesh, India |
To see the full peer comparison of Ocean Nidhi Limited, buy the company report.
Auditor
Ocean Nidhi Limited is audited by S JAISALMERIA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S JAISALMERIA & ASSOCIATES | FY 2019 | 113019C |
Shareholding
The shareholding of Ocean Nidhi Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ocean Nidhi Limited, buy the company report.
Legal cases
Ocean Nidhi Limited has 106 court cases on record: 106 filed by Ocean Nidhi. 47 cases are pending and 59 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 106 | 0 | 47 |
Cases on record (5 of 106)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jodhpur Metro, Rajasthan | Criminal case | Filed by the company against an individual | Pending |
| District court, Jodhpur Metro, Rajasthan | Criminal case | Filed by the company against an individual | Pending |
| District court, Jodhpur Metro, Rajasthan | Criminal case | Filed by the company against an individual | Pending |
| District court, Jodhpur Metro, Rajasthan | Criminal case | Filed by the company against an individual | Pending |
| District court, Jodhpur Metro, Rajasthan | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Ocean 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 Ocean 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 Ocean Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ocean Nidhi Limited has 12 board changes on record since 2008: 3 appointments and 9 cessations. The latest: Mohd Ayyub Chippa was appointed as Director on 01 Mar 2021.
3 earlier events are in the company report.
Frequently asked questions
Ocean Nidhi is an active nidhi company based in Jodhpur, Rajasthan, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 29 December 2003 (23+ years old) and is registered under CIN U65992RJ2003PLC018841.
Ocean Nidhi has 3 current directors:
- Firoz Beg - Director
- Mohd Ayyub Chippa - Director
- Sanjay Thaploo - Director
The latest financial statements of Ocean 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Ocean Nidhi is U65992RJ2003PLC018841. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ocean Nidhi has 106 court cases on record: 106 filed by the company. 47 are pending.
Ocean Nidhi was incorporated on 29 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Ocean Nidhi by revenue are Emerald Kuries (India) Private Limited, Kozhikala Pramadam Chits Private Limited, Sistec Micro Finance Limited, Nathsagar Kuries Private Limited, Janhit Micro Finance Association, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Mohd Ayyub Chippa was appointed as Director on 01 Mar 2021. Rajani ceased to be Director on 01 Mar 2021. Bhoma Ram ceased to be Director on 30 Sep 2019. Ocean Nidhi has 12 board changes on record in total.
The registered office of Ocean Nidhi is at House No. 116 – 117 Vivekananda Nagar Pal Basni Link Road, Jodhpur, Rajasthan, India – 342005.
Ocean Nidhi operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Ocean Nidhi is compliant as of 09 September 2026. The company is actively filing with the Registrar of Companies.