Vikas Mutual Benefit Nidhi Limited
About Vikas Mutual Benefit Nidhi Limited
Data last updated:
Vikas Mutual Benefit Nidhi Limited is a nidhi company based in Ranchi, Jharkhand, India. It operates in the banking institutions segment of the financial services sector. It was incorporated on 28 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ranchi, under CIN U67100JH2014PLC008905.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It was formerly known as Vikas Mutual Benefit Limited. It is led by directors including Maiku Lal and Ram Vishal Prajapati.
Its last annual general meeting (AGM) was held on 15 November 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Friends Colony Post Kamre Opposit Pandra Kamre Ranchi Jharkhand, 835222, Jharkhand, India – 835222.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.95 Lakh, a decline of 29% compared to the previous year. For the same year it recorded a net loss of ₹8,813 (net margin -4.5%) and EBITDA of -₹7,433 (EBITDA margin -3.8%).
Court records list 3 cases involving the company, including 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Vikas Mutual Benefit Nidhi has one previous CIN (Corporate Identification Number): U67100UP2014PLC063733. The current CIN is U67100JH2014PLC008905, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67100JH2014PLC008905 | Current |
| U67100UP2014PLC063733 | Previous |
Contact details
Vikas Mutual Benefit Nidhi Limited's registered office is in Ranchi, Jharkhand. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFriends Colony Post Kamre Opposit Pandra Kamre Ranchi Jharkhand, 835222, Jharkhand, India – 835222
- IndustryFinancial Services, Banking Institutions
To see the full contact details of Vikas Mutual Benefit 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 Vikas Mutual Benefit 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 Vikas Mutual Benefit Nidhi Limited, buy the company report.
Financials of Vikas Mutual Benefit Nidhi Limited
FY 2020 filings availableVikas Mutual Benefit Nidhi Limited reported revenue of ₹1.95 Lakh (down 29% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 29% in the latest year. EBITDA rose 91% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.95 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹7,433 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8,813 | ||||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.8% | ||||
| Net Profit Margin | -4.5% | ||||
| 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 Vikas Mutual Benefit Nidhi Limited, buy the company report.
Board of directors of Vikas Mutual Benefit Nidhi Limited
Vikas Mutual Benefit Nidhi has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maiku Lal Also directs: Petron Sugar and Distillaries Limited, Richel Finlease and Investment Limited, Milani Techno Engineering Limited. and 5 more | Director | 15 Feb 2020 | 6 Years 9 Months | Current |
| Ram Vishal Prajapati Also directs: Petron Sugar and Distillaries Limited, Richel Finlease and Investment Limited, Anisto Insurance Services Limited and 5 more | Director | 17 Jan 2015 | 11 Years 9 Months | Current |
| Ram Vishal Telars Also directs: Petron Sugar and Distillaries Limited, Richel Finlease and Investment Limited, Milani Techno Engineering Limited. and 5 more | Director | 15 Feb 2020 | 6 Years 9 Months | Current |
Auditor
Vikas Mutual Benefit Nidhi Limited is audited by S ASHISH & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S ASHISH & ASSOCIATES | FY 2020 | 027356C |
Shareholding
The shareholding of Vikas Mutual Benefit Nidhi Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | 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 Vikas Mutual Benefit Nidhi Limited, buy the company report.
Legal cases
Vikas Mutual Benefit Nidhi Limited has 3 court cases on record: 3 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 3 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ranchi, Jharkhand | Criminal complaint | Filed against the company by The Registrar of Companies, Jharkhand | Pending |
| District court, Varanasi, Uttar Pradesh | Criminal case | Filed against the company by Registrar of Companies | Pending |
To see the full case history of Vikas Mutual Benefit 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 Vikas Mutual Benefit 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 Vikas Mutual Benefit Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vikas Mutual Benefit Nidhi Limited has 15 board changes on record since 2014: 3 appointments and 12 cessations. The latest: Ram Vishal Prajapati ceased to be Director on 22 Mar 2021.
6 earlier events are in the company report.
Frequently asked questions
Vikas Mutual Benefit Nidhi is an active nidhi company based in Ranchi, Jharkhand, India. The company works in banking institutions, within the financial services industry. It was incorporated on 28 March 2014 (12+ years old) and is registered under CIN U67100JH2014PLC008905.
Vikas Mutual Benefit Nidhi has 3 current directors:
- Maiku Lal - Director
- Ram Vishal Prajapati - Director
- Ram Vishal Telars - Director
The latest financial statements of Vikas Mutual Benefit Nidhi on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 15 November 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vikas Mutual Benefit Nidhi is U67100JH2014PLC008905. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vikas Mutual Benefit Nidhi has 3 court cases on record: 3 filed against it. 3 are pending.
Vikas Mutual Benefit Nidhi was incorporated on 28 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ranchi.
Ram Vishal Prajapati ceased to be Director on 22 Mar 2021. Maiku Lal ceased to be Additional Director on 15 Nov 2020. Ram Vishal Telars ceased to be Additional Director on 15 Nov 2020. Vikas Mutual Benefit Nidhi has 15 board changes on record in total.
The registered office of Vikas Mutual Benefit Nidhi is at Friends Colony Post Kamre Opposit Pandra Kamre Ranchi Jharkhand, 835222, Jharkhand, India – 835222.
Vikas Mutual Benefit Nidhi operates in the financial services industry, in the banking institutions segment.
The compliance status of Vikas Mutual Benefit Nidhi is compliant as of 26 September 2026. The company is actively filing with the Registrar of Companies.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
