About Aasvas Nidhi Limited
Data last updated:
Aasvas Nidhi Limited is a nidhi company based in Tripunithura, Kerala, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 30 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65929KL2016PLC047400. Its GSTIN is 32AAPCA1714P1ZI (Kerala).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹21.7 Lakh. It is led by directors including Ratheesh Ramakrishnan and Balakrishna Menon Manoj Menon.
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 Room No:10 Xxi/656 N4 2nd Floor Lotus City Centre Near Statue Junction, Tripunithura, Kerala, India – 682301.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.85 Lakh, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹56.45 Lakh (net margin -120.5%) and EBITDA of ₹13.99 Lakh (EBITDA margin 29.9%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 16% over five years.
The company is associated with 1 brand: Aasvasnidhi. Court records list 118 cases involving the company, including 118 filed by the company; 112 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aasvasnidhi.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressRoom No:10 Xxi/656 N4 2nd Floor Lotus City Centre Near Statue Junction, Tripunithura, Kerala, India – 682301
- IndustryFinancial Services, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Business Activity of Aasvas Nidhi Limited
The main business activity of Aasvas Nidhi is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Aasvas Nidhi Limited FY 2025 filings available
Aasvas Nidhi Limited reported revenue of ₹46.85 Lakh (down 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Aasvas Nidhi Limited
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA rose 449% 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 of Aasvas Nidhi Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹13.99 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹56.45 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 of Aasvas Nidhi Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 29.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -120.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Aasvas Nidhi are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Aasvas Nidhi Limited
Aasvas Nidhi Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Paritrasha Financials & Investments Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Rajmudra Urban Multiple Nidhi Limited | •••• | •••• | •••• | •••• | - | Solapur, Maharashtra, India |
| Ama Investor Advisory Services Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| PCM Management Services Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Raigarh Trading Co.Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Aasvas Nidhi Limited this company | •••• | •••• | •••• | •••• | - | Tripunithura, Kerala, India |
| Tricon Commercial Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Eastern Sagar Estate Private Limited | •••• | •••• | •••• | •••• | - | Saltlake, West Bengal, India |
| Udayant Malhoutra and Company Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Charisma Combines Pvt Ltd | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Suram Consultancy Services Pvt.Ltd. | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Aasvas Nidhi by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Aasvas Nidhi Limited
Auditor information for Aasvas Nidhi Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors of Aasvas Nidhi Limited
Aasvas Nidhi has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ratheesh Ramakrishnan Also directs: Aasvas Urban Nidhi Limited, CDFC Investments Private Limited | Director | 23 Mar 2022 | 4 Years 6 Months | Current |
| Balakrishna Menon Manoj Menon Also directs: Aasvas Urban Nidhi Limited, CDFC Investments Private Limited | Director | 26 Jun 2023 | 3 Years 3 Months | Current |
| Sreejith Sudhakaran Also directs: Aasvas Urban Nidhi Limited | Director | 30 Nov 2016 | 9 Years 10 Months | Current |
Ownership and Shareholding of Aasvas Nidhi Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Aasvas Nidhi Limited
Aasvas Nidhi Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Aasvas Nidhi Limited
Aasvas Nidhi Limited has 118 court cases on record: 118 filed by Aasvas Nidhi. 112 cases are pending and 6 are disposed. Status as checked between 21 Sep 2026 and 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 117 | 0 | 111 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 118)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Writ petition | Filed by the company against an individual | Pending |
| District court, Ernakulam, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Ernakulam, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Ernakulam, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Ernakulam, Kerala | Criminal case | Filed by the company against an individual | Pending |
Full case history
All 118 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Aasvas Nidhi Limited
Aasvas Nidhi operates one associated brand: Aasvasnidhi. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides loans for women business, property, and gold in Kerala. | aasvasnidhi.com |
Employees and EPFO Compliance at Aasvas Nidhi Limited
Employment history and EPFO contributions of people linked to Aasvas Nidhi.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Aasvas Nidhi Limited
Aasvas Nidhi Limited has 8 board changes on record since 2016: 3 appointments and 5 cessations. The latest: Balakrishna Menon Manoj Menon ceased to be Additional Director on 29 Sep 2023.
Credit Ratings, Litigation & Regulatory Alerts for Aasvas Nidhi Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Aasvas Nidhi Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Aasvas Nidhi Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Aasvas Nidhi Limited
Aasvas Nidhi has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAPCA1714P1ZI | Kerala | Active | 07 Nov 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Aasvas Nidhi Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Aasvas Nidhi Limited
Aasvas Nidhi is an active nidhi company based in Tripunithura, Kerala, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 30 November 2016 (10+ years old) and is registered under CIN U65929KL2016PLC047400.
Aasvas Nidhi reported revenue of ₹46.85 Lakh for FY 2025 (down 26% YoY).
Aasvas Nidhi has 3 current directors:
- Ratheesh Ramakrishnan - Director
- Balakrishna Menon Manoj Menon - Director
- Sreejith Sudhakaran - Director
Aasvas Nidhi reported a net loss of ₹56.45 Lakh (net margin -120.5%) and EBITDA of ₹13.99 Lakh (EBITDA margin 29.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aasvas Nidhi is -16% over three years and 16% over five years. In the latest year (FY 2025) revenue fell 26%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aasvas Nidhi is 32AAPCA1714P1ZI, registered in Kerala.
The CIN (Corporate Identification Number) of Aasvas Nidhi is U65929KL2016PLC047400. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aasvas Nidhi has 118 court cases on record: 118 filed by the company. 112 are pending. Most are in the district courts.
Aasvas Nidhi was incorporated on 30 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Aasvas Nidhi by revenue are Paritrasha Financials & Investments Private Limited, Rajmudra Urban Multiple Nidhi Limited, Ama Investor Advisory Services Private Limited, PCM Management Services Private Limited, Raigarh Trading Co.Limited and 5 more, all in the BFSI industry (Other Financial Services).
Balakrishna Menon Manoj Menon ceased to be Additional Director on 29 Sep 2023. Jijesh Cherumuttath Venugopal ceased to be Director on 27 Jun 2023. Balakrishna Menon Manoj Menon was appointed as Director on 26 Jun 2023. Aasvas Nidhi has 8 board changes on record in total.