About Finosync Nidhi
Finosync Nidhi is a Financial Services company based in Patna (India) founded in 2020. It provides comprehensive consumer loan solutions tailored for members. It operates on a B2C model. Its Indian entity Finosync Nidhi Limited reported revenue of ₹7.5 Lakh. Its focus areas include Finance, Lending, Consumer Loans and Member Services. Its competitors include Margadarsi Chit Fund, Kannattu and Saya Nidhi.
Company details
Finosync Nidhi provides comprehensive consumer loan solutions tailored for members, focusing on finance, facilitating loans and financing, consumer loans, and member services. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Patna, India
- Employees 1
- SectorsFinancial Services
- Website finosyncnidhilimited.com
- Legal Name Finosync Nidhi Limited
- Date of Incorporation 15 Oct, 2020
- Jurisdiction Gaya, Bihar, India
- Annual Revenue₹7.5 Lakh
FY 2024 · +15% YoY
- Net Loss-₹16,527
FY 2024 · -2% margin
- EBITDA-₹8,668
FY 2024 · -1% margin
- Employee Count1
Associated legal entities of Finosync Nidhi
Finosync Nidhi operates through Finosync Nidhi Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finosync Nidhi Limited CIN U65929BR2020PLN048680 | Active | 15 Oct 2020 | Gaya, Bihar | ₹0.1 Cr | 4 | View details |
Board of directors of Finosync Nidhi Limited (Finosync Nidhi)
Finosync Nidhi Limited is the primary company behind Finosync Nidhi. The board of Finosync Nidhi Limited currently have 4 directors; the longest-serving is Sagar Kumar, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sagar Kumar DIN 08920957 | Director | 15 Oct 2020 | 6 yrs | Finosync Nidhi Limited |
| Mukesh Yadav DIN 08920958 | Director | 15 Oct 2020 | 6 yrs | Finosync Nidhi Limited |
| Randhir Kumar DIN 08920959 | Director | 15 Oct 2020 | 6 yrs | Finosync Nidhi Limited |
| Manjesh Kumar DIN 09241835 | Director | 16 Jul 2021 | 5 yrs 3 mo | Finosync Nidhi Limited |
Financials of Finosync Nidhi
Figures of Finosync Nidhi Limited, the primary company behind Finosync Nidhi, for FY 2024. Revenue was ₹7.5 Lakh (+15% year on year). Net loss was -₹16,527 (-2% margin). EBITDA was -₹8,668 (-1% margin). Revenue has grown at a compounded annual rate of +864% over three years.
- ₹7.5 LakhRevenue · FY 2024 · +15% YoY
- -₹16,527Net loss · -2% margin
- -₹8,668EBITDA · -1% margin
- ₹10 LakhPaid-up capital
- +864%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Finosync Nidhi Limited are on its company page.
Detailed financial statements for Finosync Nidhi
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- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Finosync Nidhi
Finosync Nidhi has 3 listed competitors in our database. They include Margadarsi Chit Fund, Kannattu and Saya Nidhi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| margadarsi.com | 1962 | Hyderabad, India | 737 | Functions as a cooperative lending company providing financial services. | ||
| kannattu.com | 1986 | Chengannur, India | 112 | Offers gold loans, insurance, travel services, and money transfer in India. | ||
| sayanidhi.com | 2018 | Jaipur, India | Financial company providing deposits, loans, saving accounts, and schemes for members in India. |
Detailed competitors of Finosync Nidhi
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- Full competitor set
- Operating metrics
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Finosync Nidhi (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 36,520 |
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Frequently Asked Questions about Finosync Nidhi
Finosync Nidhi was founded in 2020.
Finosync Nidhi is headquartered in Patna, India. It is registered at Patna, Bihar, India.
Finosync Nidhi has 1 employees.
The primary company behind Finosync Nidhi, Finosync Nidhi Limited, reported revenue of ₹7.5 Lakh for FY 2024, up 15% year on year.
Finosync Nidhi provides comprehensive consumer loan solutions tailored for members, focusing on finance, facilitating loans and financing, consumer loans, and member services. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Finosync Nidhi's top competitors include Margadarsi Chit Fund, Kannattu and Saya Nidhi.
Finosync Nidhi operates through Finosync Nidhi Limited.
The legal entities of Finosync Nidhi currently have 4 directors, including Manjesh Kumar, Sagar Kumar, Mukesh Yadav and others.