Payyanad Nidhi Limited
About Payyanad Nidhi Limited
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Payyanad Nidhi Limited is a nidhi company based in Payyoli, Kerala, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 13 August 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65990KL2021PLN070381.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹32.76 Lakh. It is led by directors including Gireeshan (Managing Director) and Raveendran Koroth Kandiyil.
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 23/134 Al – Yamaha Building Beach Road, Payyoli, Kerala, India – 673522.
As per the financials filed for FY 2025, the company reported a revenue of ₹44.29 Lakh, a growth of 19% compared to the previous year. For the same year it recorded a net loss of ₹84,861 (net margin -1.9%) and EBITDA of ₹31.62 Lakh (EBITDA margin 71.4%). Revenue has grown at a compounded annual rate (CAGR) of 95% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Payyanad Nidhi Limited's registered office is in Payyoli, Kerala. Its e-mail address is in the company report.
- Email
- Registered Address23/134 Al – Yamaha Building Beach Road, Payyoli, Kerala, India – 673522
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Payyanad 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 Payyanad 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 Payyanad Nidhi Limited, buy the company report.
Financials of Payyanad Nidhi Limited
FY 2025 filings availablePayyanad Nidhi Limited reported revenue of ₹44.29 Lakh (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 95% over three years, including 19% growth in the latest year. EBITDA rose 34% 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 |
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| Total Expenses | ||||
| EBITDA | ₹31.62 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹84,861 | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 71.4% | |||
| Net Profit Margin | -1.9% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
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| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Payyanad Nidhi Limited, buy the company report.
Board of directors of Payyanad Nidhi Limited
Payyanad Nidhi has 9 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raveendran Koroth Kandiyil | Director | 13 Aug 2021 | 5 Years 3 Months | Current |
| Kodancheri Meethal Raveendran | Director | 13 Aug 2021 | 5 Years 3 Months | Current |
| Gireeshan | Managing Director | 13 Aug 2021 | 5 Years 3 Months | Current |
| Retheesh Nadu Kandy | Director | 20 Sep 2021 | 5 Years 1 Months | Current |
| Nediya Chalil Nanu Also directs: Santalon Hills LLP | Director | 20 Sep 2021 | 5 Years 1 Months | Current |
| Sheela Sarath Babu | Director | 20 Sep 2021 | 5 Years 1 Months | Current |
Peer comparison
Payyanad 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 |
|---|---|---|---|---|---|---|
| Liect Nidhi Limited | ₹44.32 Lakh (FY 2025) | -26.0% | Muvattupuzha, Kerala, India | |||
| Ideal Income Solution Private Limited | ₹44.31 Lakh (FY 2024) | 714.0% | Dehradun, Uttarakhand, India | |||
| Baid Finex Services Pvt. Ltd. | ₹44.3 Lakh (FY 2025) | 148.0% | Kolkata, West Bengal, India | |||
| Pioneer Investcare Private Limited | ₹44.29 Lakh (FY 2016) | 81.0% | New Delhi, Delhi, India | |||
| Payyanad Nidhi Limitedthis company | ₹44.29 Lakh (FY 2025) | -₹84,861 | -1.9% | 19.0% | Payyoli, Kerala, India | |
| Dhanlakshmi Vyapaar Private Limited | ₹44.28 Lakh (FY 2021) | -66.0% | Kolkata, West Bengal, India | |||
| Tyagi Portfolio Management Private Limited | ₹44.28 Lakh (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Chinmay Chits (Belgaum) Private Limited | ₹44.24 Lakh (FY 2018) | -10.0% | Belgaum, Karnataka, India | |||
| P S S Leasing Private Limited | ₹44.23 Lakh (FY 2024) | 52.0% | Nagpur, Maharashtra, India | |||
| Muziris Nidhi Limited | ₹44.22 Lakh (FY 2023) | -26.0% | Thrissur, Kerala, India |
To see the full peer comparison of Payyanad Nidhi Limited, buy the company report.
Legal cases
Payyanad Nidhi Limited has 1 court case on record: 1 filed by Payyanad 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 Union of India and 3 others | Disposed |
To see the full case history of Payyanad 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 Payyanad 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 Payyanad Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Payyanad Nidhi Limited has 12 board changes on record since 2021: 9 appointments and 3 cessations. The latest: Gireeshan ceased to be Director on 10 Mar 2025.
3 earlier events are in the company report.
Frequently asked questions
Payyanad Nidhi is an active nidhi company based in Payyoli, Kerala, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 13 August 2021 (5+ years old) and is registered under CIN U65990KL2021PLN070381.
Payyanad Nidhi has 9 current directors:
- Gireeshan - Managing Director
- Raveendran Koroth Kandiyil - Director
- Kodancheri Meethal Raveendran - Director
- Retheesh Nadu Kandy - Director
- Nediya Chalil Nanu - Director
- Sheela Sarath Babu - Director
- Narayanan Nadukandy - Director
- Dileep Kumar Ayoth - Director
- Ashokan - Director
The latest financial statements of Payyanad 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 2022 are in the company report.
The CIN (Corporate Identification Number) of Payyanad Nidhi is U65990KL2021PLN070381. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Payyanad Nidhi has 1 court case on record: 1 filed by the company.
Payyanad Nidhi was incorporated on 13 August 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Payyanad Nidhi by revenue are Liect Nidhi Limited, Ideal Income Solution Private Limited, Baid Finex Services Pvt. Ltd, Pioneer Investcare Private Limited, Dhanlakshmi Vyapaar Private Limited and 4 more, all in the same principal business activity (other financial activities).
Gireeshan ceased to be Director on 10 Mar 2025. Rajeev Vatakkayil ceased to be Managing Director on 05 Oct 2024. Ashokan was appointed as Director on 18 May 2022. Payyanad Nidhi has 12 board changes on record in total.
The registered office of Payyanad Nidhi is at 23134 Al – Yamaha Building Beach Road, Payyoli, Kerala, India – 673522.
Payyanad Nidhi operates in the financial services industry, in the other financial intermediation segment.
The compliance status of Payyanad Nidhi is compliant as of 17 September 2026. The company is actively filing with the Registrar of Companies.
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