Palma Development Nidhi Limited
About Palma Development Nidhi Limited
Data last updated:
Palma Development Nidhi Limited is a nidhi company based in Kanjiracode, Tamil Nadu, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 20 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65929TN2018PLC124677.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹10.48 Lakh. It is led by directors including Anbaiyan Nadar Sankili (Managing Director) and Jacob Abraham Isaac.
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 14 – 26/1 Palmalayam Chengai Kanjiracode P.O. Marthandam Kanyakumari District, Tamil Nadu, India – 629155.
As per the financials filed for FY 2022, the company reported a revenue of ₹39,850, a decline of 32% compared to the previous year. For the same year it recorded a net loss of ₹44,008 (net margin -110.4%) and EBITDA of -₹12,491 (EBITDA margin -31.3%).
Company details
Contact details
Palma Development Nidhi Limited's registered office is in Kanjiracode, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address14 – 26/1 Palmalayam Chengai Kanjiracode P.O. Marthandam Kanyakumari District, Tamil Nadu, India – 629155
- IndustryFinancial Services, Other Financial Intermediation, Credit Allocation Agencies, Pawn Shops
To see the full contact details of Palma Development 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
Financials of Palma Development Nidhi Limited
FY 2025 filings availablePalma Development Nidhi Limited reported revenue of ₹39,850 (down 32% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 32% in the latest 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹39,850 | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹12,491 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹44,008 | |||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -31.3% | |||
| Net Profit Margin | -110.4% | |||
| 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 Palma Development Nidhi Limited, buy the company report.
Board of directors of Palma Development Nidhi Limited
Palma Development Nidhi has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anbaiyan Nadar Sankili | Managing Director | 20 Sep 2018 | 8 Years 1 Months | Current |
| Jacob Abraham Isaac Also directs: JMJ Microfin Private Limited | Director | 20 Sep 2018 | 8 Years 1 Months | Current |
| Rajayan Jothivimalabai Also directs: Palma Rural Merchandise Private Limited, Palma Chits Limited | Director | 20 Sep 2018 | 8 Years 1 Months | Current |
Legal cases
No court or tribunal cases involving Palma Development 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 Palma Development 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 Palma Development Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Palma Development Nidhi Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Radha Jayakumari ceased to be Director on 10 Sep 2024.
Frequently asked questions
Palma Development Nidhi is an active nidhi company based in Kanjiracode, Tamil Nadu, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 20 September 2018 (8+ years old) and is registered under CIN U65929TN2018PLC124677.
Palma Development Nidhi has 3 current directors:
- Anbaiyan Nadar Sankili - Managing Director
- Jacob Abraham Isaac - Director
- Rajayan Jothivimalabai - Director
The latest financial statements of Palma Development 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 Palma Development Nidhi is U65929TN2018PLC124677. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palma Development Nidhi was incorporated on 20 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Chennai.
Radha Jayakumari ceased to be Director on 10 Sep 2024. Anbaiyan Nadar Sankili was appointed as Managing Director on 20 Sep 2018. Jacob Abraham Isaac was appointed as Director on 20 Sep 2018. Palma Development Nidhi has 4 board changes on record in total.
The registered office of Palma Development Nidhi is at 14 – 261 Palmalayam Chengai Kanjiracode P.O. Marthandam Kanyakumari District, Tamil Nadu, India – 629155.
Palma Development Nidhi operates in the financial services industry, in the other financial intermediation segment.
Palma Development Nidhi can be reached at its registered office: 14 – 261 Palmalayam Chengai Kanjiracode P.O. Marthandam Kanyakumari District, Tamil Nadu, India – 629155.
Palma Development Nidhi is registered under the jurisdiction of the Registrar of Companies (ROC), Chennai.