BDFC First Nidhi Limited
About BDFC First Nidhi Limited
Data last updated:
BDFC First Nidhi Limited is a nidhi company based in Northtwentyfourparganas, West Bengal, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 26 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U65990WB2019PLN235532.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Rupashi Bangla Nidhi Limited. It is led by directors including Biswanath Ghosh and Gita Ghosh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C/O – Gita Ghosh W/O Lt Bimal Ch Ghosh A/15 Goal Bazar W No 11, Northtwentyfourparganas, West Bengal, India – 743222.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.8 Lakh, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹2,706 (net margin 0.7%) and EBITDA of ₹3.17 Lakh (EBITDA margin 83.6%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years.
Court records list 1 case involving the company, including 1 filed against it.
Company details
Contact details
BDFC First Nidhi Limited's registered office is in Northtwentyfourparganas, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O – Gita Ghosh W/O Lt Bimal Ch Ghosh A/15 Goal Bazar W No 11, Northtwentyfourparganas, West Bengal, India – 743222
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of BDFC First 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 BDFC First 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 BDFC First Nidhi Limited, buy the company report.
Financials of BDFC First Nidhi Limited
FY 2024 filings availableBDFC First Nidhi Limited reported revenue of ₹3.8 Lakh (down 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over three years, including a 2% fall in the latest year. EBITDA fell 3% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹3.17 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2,706 | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 83.6% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 BDFC First Nidhi Limited, buy the company report.
Board of directors of BDFC First Nidhi Limited
BDFC First Nidhi has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Biswanath Ghosh | Director | 26 Dec 2019 | 6 Years 9 Months | Current |
| Gita Ghosh | Director | 26 Dec 2019 | 6 Years 9 Months | Current |
| Rupali Ghosh | Director | 26 Dec 2019 | 6 Years 9 Months | Current |
Peer comparison
BDFC First Nidhi Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Micro Finance), with 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 |
|---|---|---|---|---|---|---|
| Rajsamand Nidhi Limited | ₹3.85 Lakh (FY 2022) | -22.0% | Kankroli, Rajasthan, India | |||
| Sri Sakthikannan Chits Private Limited | ₹3.83 Lakh (FY 2025) | -5.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Nine Syndicate Chitfund Private Limited | ₹3.82 Lakh (FY 2024) | -35.0% | Hyderabad, Telangana, India | |||
| Krishnamoney Chits Private Limited | ₹3.82 Lakh (FY 2024) | -22.0% | Kulanada, Kerala, India | |||
| BDFC First Nidhi Limitedthis company | ₹3.8 Lakh (FY 2024) | ₹2,706 | 0.7% | -2.0% | Northtwentyfourparganas, West Bengal, India | |
| KD Micro Finance Private Limited | ₹3.79 Lakh (FY 2025) | 260.0% | Bhilwara, Rajasthan, India | |||
| Sri Lakshmi Jyothi Chit Funds Private Limited | ₹3.76 Lakh (FY 2024) | 10.0% | Palwancha, Telangana, India | |||
| HMRD Nidhi Limited | ₹3.69 Lakh (FY 2025) | -92.0% | Madhubani, Bihar, India | |||
| Maa Lakshmi Nidhi Limited | ₹3.67 Lakh (FY 2022) | Jaipur, Rajasthan, India |
To see the full peer comparison of BDFC First Nidhi Limited, buy the company report.
Auditor
BDFC First Nidhi Limited is audited by SUDIPTA NANDY & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDIPTA NANDY & ASSOCIATES | FY 2023 | FNA250885 |
Shareholding
The shareholding of BDFC First Nidhi Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of BDFC First Nidhi Limited, buy the company report.
Legal cases
BDFC First Nidhi Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of BDFC First 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 BDFC First 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 BDFC First Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
BDFC First Nidhi Limited has 3 board changes on record since 2019: 3 appointments. The latest: Biswanath Ghosh was appointed as Director on 26 Dec 2019.
Frequently asked questions
BDFC First Nidhi is an active nidhi company based in Northtwentyfourparganas, West Bengal, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 26 December 2019 (7+ years old) and is registered under CIN U65990WB2019PLN235532.
BDFC First Nidhi has 3 current directors:
- Biswanath Ghosh - Director
- Gita Ghosh - Director
- Rupali Ghosh - Director
The latest financial statements of BDFC First Nidhi on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of BDFC First Nidhi is U65990WB2019PLN235532. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
BDFC First Nidhi has 1 court case on record: 1 filed against it.
BDFC First Nidhi was incorporated on 26 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of BDFC First Nidhi by revenue are Rajsamand Nidhi Limited, Sri Sakthikannan Chits Private Limited, Nine Syndicate Chitfund Private Limited, Krishnamoney Chits Private Limited, KD Micro Finance Private Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Biswanath Ghosh was appointed as Director on 26 Dec 2019. Gita Ghosh was appointed as Director on 26 Dec 2019. Rupali Ghosh was appointed as Director on 26 Dec 2019.
The registered office of BDFC First Nidhi is at CO – Gita Ghosh WO Lt Bimal Ch Ghosh A15 Goal Bazar W No 11, Northtwentyfourparganas, West Bengal, India – 743222.
BDFC First Nidhi operates in the financial services industry, in the microfinance institutions segment.
Yes. BDFC First Nidhi was formerly known as Rupashi Bangla Nidhi Limited.