Prayag Nidhi Limited
About Prayag Nidhi Limited
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Prayag Nidhi Limited is a nidhi company based in Allahabad, Uttar Pradesh, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 06 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U65999UP2017PLC088967.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹92.5 Lakh. It is led by directors including Hardev Singh and Priyanka Singh.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Flat No. 105 Citizen Eco Heights Jain Mandir Jhunsi, Allahabad, Uttar Pradesh, India – 211019.
As per the financials filed for FY 2021, the company reported a revenue of ₹5.91 Lakh, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹33,099 (net margin 5.6%) and EBITDA of ₹60,155 (EBITDA margin 10.2%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Prayag Nidhi Limited's registered office is in Allahabad, Uttar Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressFlat No. 105 Citizen Eco Heights Jain Mandir Jhunsi, Allahabad, Uttar Pradesh, India – 211019
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Prayag 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 Prayag 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 Prayag Nidhi Limited, buy the company report.
Financials of Prayag Nidhi Limited
FY 2021 filings availablePrayag Nidhi Limited reported revenue of ₹5.91 Lakh (down 2% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 40%. EBITDA fell 27% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | ₹60,155 | ||||
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| Net Profit (PAT) | ₹33,099 | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | |||||
| EBITDA Margin | 10.2% | ||||
| Net Profit Margin | 5.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Prayag Nidhi Limited, buy the company report.
Board of directors of Prayag Nidhi Limited
Prayag 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 |
|---|---|---|---|---|
| Hardev Singh Also directs: Anuj Bhushan Nidhi Limited, SJS Awadh Nidhi Limited, RJS Bilasa Nidhi Limited and 1 more | Director | 28 Aug 2019 | 7 Years 2 Months | Current |
| Priyanka Singh | Director | 06 Jan 2017 | 9 Years 10 Months | Current |
| Manish Upadhyay | Director | 28 Aug 2019 | 7 Years 2 Months | Current |
Peer comparison
Prayag 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 |
|---|---|---|---|---|---|---|
| Anand Venattu Nidhi Limited | ₹5.91 Lakh (FY 2025) | -46.0% | Kerala, India | |||
| A R P Securities Limited | ₹5.91 Lakh (FY 2024) | -37.0% | Indore, Madhya Pradesh, India | |||
| Bee Pee Jay Finance Ltd. | ₹5.91 Lakh (FY 2024) | -74.0% | Kolkata, West Bengal, India | |||
| Loksahayya Multipurpose Nidhi Limited | ₹5.91 Lakh (FY 2022) | Kolhapur, Maharashtra, India | ||||
| Melodica Entertainment Private Limited | ₹5.91 Lakh (FY 2024) | 9.0% | Mumbai, Maharashtra, India | |||
| Prayag Nidhi Limitedthis company | ₹5.91 Lakh (FY 2021) | ₹33,099 | 5.6% | -2.0% | Allahabad, Uttar Pradesh, India | |
| Mature Holdings Private Limited | ₹5.9 Lakh (FY 2018) | -70.0% | Mumbai, Maharashtra, India | |||
| Alpha Prime Nidhi Limited | ₹5.9 Lakh (FY 2019) | -3.0% | Jaipur, Rajasthan, India | |||
| Theni Sri Veerapandi Amman Chit Funds Private Limited | ₹5.9 Lakh (FY 2019) | -13.0% | Madurai Dt, Tamil Nadu, India | |||
| Oregano Spa and Salon Private Limited | ₹5.89 Lakh (FY 2018) | Mumbai, Maharashtra, India | ||||
| Hanburys Commercial Pvt Ltd | ₹5.89 Lakh (FY 2025) | 0.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Prayag Nidhi Limited, buy the company report.
Legal cases
No court or tribunal cases involving Prayag 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 Prayag 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 Prayag Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Prayag Nidhi Limited has 5 board changes on record since 2017: 3 appointments and 2 cessations. The latest: Anuj Kumar Sharma ceased to be Director on 28 Aug 2019.
Frequently asked questions
Prayag Nidhi is an active nidhi company based in Allahabad, Uttar Pradesh, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 06 January 2017 (9+ years old) and is registered under CIN U65999UP2017PLC088967.
Prayag Nidhi has 3 current directors:
- Hardev Singh - Director
- Priyanka Singh - Director
- Manish Upadhyay - Director
The latest financial statements of Prayag Nidhi on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Prayag Nidhi is U65999UP2017PLC088967. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prayag Nidhi was incorporated on 06 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Prayag Nidhi by revenue are Anand Venattu Nidhi Limited, A R P Securities Limited, Bee Pee Jay Finance Ltd, Loksahayya Multipurpose Nidhi Limited, Melodica Entertainment Private Limited and 5 more, all in the same principal business activity (other financial activities).
Anuj Kumar Sharma ceased to be Director on 28 Aug 2019. Hardev Singh was appointed as Director on 28 Aug 2019. Manish Upadhyay was appointed as Director on 28 Aug 2019. Prayag Nidhi has 5 board changes on record in total.
The registered office of Prayag Nidhi is at Flat No. 105 Citizen Eco Heights Jain Mandir Jhunsi, Allahabad, Uttar Pradesh, India – 211019.
Prayag Nidhi operates in the financial services industry, in the other financial intermediation segment.
The compliance status of Prayag Nidhi is compliant as of 16 July 2026. The company is actively filing with the Registrar of Companies.
Prayag Nidhi can be reached at its registered office: Flat No. 105 Citizen Eco Heights Jain Mandir Jhunsi, Allahabad, Uttar Pradesh, India – 211019.
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