About ERNAD NIDHI
ERNAD NIDHI is a company based in Malappuram (India) founded in 2016. It operates as a B2C. ERNAD NIDHI offers products and services including Gold Loan, Mortgage Loan, Loan Against Deposits, Term Deposits, and Savings Deposits. ERNAD NIDHI operates in a competitive market with competitors including Margadarsi Chit Fund, Kannattu, Saya Nidhi, Smart Nidhi Finance and Jodhpur Gramin Nidhi, among others.
- Headquarter Malappuram, India
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Ernad Nidhi Limited
- Date of Incorporation 05 Feb, 2016
- Jurisdiction Malappuram, Kerala, India
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Annual Revenue
$333.03 K (USD)27.55as on Mar 31, 2022
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Net Profit
$2.75 K (USD)-51.23as on Mar 31, 2022
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EBITDA
$257.21 K (USD)34.97as on Mar 31, 2022
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Products & Services of ERNAD NIDHI
ERNAD NIDHI offers a comprehensive portfolio of products and services, including Gold Loan, Mortgage Loan, Loan Against Deposits, Term Deposits, and Savings Deposits. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers loans against gold with low interest rates.
Provides loans secured by property mortgages.
Facilitates loans using existing deposits as collateral.
Allows fixed-term savings with interest returns.
Enables basic savings accounts for members.
Supports regular deposit plans for future growth.
Funding Insights of ERNAD NIDHI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by ERNAD NIDHI
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ERNAD NIDHI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ernad Nidhi Comparisons
Competitors of ERNAD NIDHI
ERNAD NIDHI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Margadarsi Chit Fund, Kannattu, Saya Nidhi, Smart Nidhi Finance and Jodhpur Gramin Nidhi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Functions as a cooperative lending company providing financial services.
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| domain | founded_year | HQ Location |
Offers gold loans, insurance, travel services, and money transfer in India.
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| domain | founded_year | HQ Location |
Financial company providing deposits, loans, saving accounts, and schemes for members in India.
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| domain | founded_year | HQ Location |
Operates as a cooperative firm offering consumer loans.
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| domain | founded_year | HQ Location |
Jodhpur Gramin Nidhi provides gold, mortgage, daily, and other loan services to members.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about ERNAD NIDHI
When was ERNAD NIDHI founded?
ERNAD NIDHI was founded in 2016.
Where is ERNAD NIDHI located?
ERNAD NIDHI is headquartered in Malappuram, India. It is registered at Malappuram, Kerala, India.
What is the annual revenue of ERNAD NIDHI?
Annual revenue of ERNAD NIDHI is $333.03K as on Mar 31, 2022.
What does ERNAD NIDHI do?
Ernad Nidhi Limited is a registered Nidhi company under the Companies Act, 2013, based in Malappuram, India. It provides financial services including gold loans, mortgage loans, term deposits, and savings schemes to promote thrift among members. Operating under the Ministry of Corporate Affairs, it has multiple branches and focuses on safe, low-interest lending options for thousands of satisfied members.
Who are the top competitors of ERNAD NIDHI?
ERNAD NIDHI's top competitors include Margadarsi Chit Fund, Kannattu and Saya Nidhi.
What products or services does ERNAD NIDHI offer?
ERNAD NIDHI offers Gold Loan, Mortgage Loan, Loan Against Deposits, Term Deposits, and 2 more products and services.