Bharati Maind Urban Multiple Nidhi Limited
About Bharati Maind Urban Multiple Nidhi Limited
Data last updated:
Bharati Maind Urban Multiple Nidhi Limited is a nidhi company based in Pusad, Maharashtra, India. It operates in the insurance and pension services segment of the insurance sector. It was incorporated on 26 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U67200MH2018PLC308577.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹15.56 Lakh. It is led by directors including Pravin Mithalal Gandhi and Vinayak Mahadeo Seokar.
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 Mrs. Shakuntala Aapparao Maind House No. 259 Near Durgamata Mandir, Pusad, Maharashtra, India – 445204.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.69 Lakh, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹56,112 (net margin 2.3%) and EBITDA of ₹20.35 Lakh (EBITDA margin 82.4%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 12% over five years.
Company details
Contact details
Bharati Maind Urban Multiple Nidhi Limited's registered office is in Pusad, Maharashtra.
- Registered AddressC/O Mrs. Shakuntala Aapparao Maind House No. 259 Near Durgamata Mandir, Pusad, Maharashtra, India – 445204
- IndustryInsurance, Insurance & Pension 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
Business activity
The main business activity of Bharati Maind Urban Multiple 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 Bharati Maind Urban Multiple Nidhi Limited, buy the company report.
Financials of Bharati Maind Urban Multiple Nidhi Limited
FY 2024 filings availableBharati Maind Urban Multiple Nidhi Limited reported revenue of ₹24.69 Lakh (down 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 9% 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 | ₹20.35 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹56,112 | ||||
| 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 | 82.4% | ||||
| Net Profit Margin | 2.3% | ||||
| 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 Bharati Maind Urban Multiple Nidhi Limited, buy the company report.
Board of directors of Bharati Maind Urban Multiple Nidhi Limited
Bharati Maind Urban Multiple Nidhi has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravin Mithalal Gandhi Also directs: Risania Agri Research Private Limited | Director | 26 Apr 2018 | 8 Years 6 Months | Current |
| Gajanan Ramkrushna Nakade | Additional Director | 16 Oct 2021 | 5 Years 0 Months | Current |
| Vinayak Mahadeo Seokar | Director | 26 Apr 2018 | 8 Years 6 Months | Current |
Peer comparison
Bharati Maind Urban Multiple 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 |
|---|---|---|---|---|---|---|
| KMRS Nidhi Limited | ₹25.02 Lakh (FY 2022) | 265.0% | Dhampur, Uttar Pradesh, India | |||
| Sreekarayil Chits (India) Limited | ₹25.01 Lakh (FY 2024) | -71.0% | Tirupur, Tamil Nadu, India | |||
| Mbi India Nidhi Limited | ₹24.97 Lakh (FY 2025) | -9.0% | Jalore, Rajasthan, India | |||
| Baig & Shah Chit Fund Private Limited | ₹24.87 Lakh (FY 2021) | -7.0% | Hyderabad, Telangana, India | |||
| Bharati Maind Urban Multiple Nidhi Limitedthis company | ₹24.69 Lakh (FY 2024) | ₹56,112 | 2.3% | -16.0% | Pusad, Maharashtra, India | |
| Janani Mithra Nidhi Limited | ₹24.67 Lakh (FY 2022) | Shornur, Kerala, India | ||||
| Raghavans Chit Funds Private Limited | ₹24.59 Lakh (FY 2025) | 4.0% | Coimbatore, Tamil Nadu, India | |||
| Maharaja Chit Funds Private Limited | ₹24.42 Lakh (FY 2022) | 9.0% | Manachanalloor, Tamil Nadu, India | |||
| Mny Chits Private Limited | ₹24.41 Lakh (FY 2024) | -11.0% | Sonipat, Haryana, India |
To see the full peer comparison of Bharati Maind Urban Multiple Nidhi Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bharati Maind Urban Multiple Nidhi Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bharati Maind Urban Multiple 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 Bharati Maind Urban Multiple Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Bharati Maind Urban Multiple Nidhi Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Gajanan Ramkrushna Nakade was appointed as Additional Director on 16 Oct 2021.
Frequently asked questions
Bharati Maind Urban Multiple Nidhi is an active nidhi company based in Pusad, Maharashtra, India. The company works in insurance and pension services, within the insurance industry. It was incorporated on 26 April 2018 (8+ years old) and is registered under CIN U67200MH2018PLC308577.
Bharati Maind Urban Multiple Nidhi has 3 current directors:
- Pravin Mithalal Gandhi - Director
- Gajanan Ramkrushna Nakade - Additional Director
- Vinayak Mahadeo Seokar - Director
The latest financial statements of Bharati Maind Urban Multiple 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 2019 are in the company report.
The CIN (Corporate Identification Number) of Bharati Maind Urban Multiple Nidhi is U67200MH2018PLC308577. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bharati Maind Urban Multiple Nidhi was incorporated on 26 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Nagpur.
The peers of Bharati Maind Urban Multiple Nidhi by revenue are KMRS Nidhi Limited, Sreekarayil Chits (India) Limited, Mbi India Nidhi Limited, Baig & Shah Chit Fund Private Limited, Janani Mithra Nidhi Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Gajanan Ramkrushna Nakade was appointed as Additional Director on 16 Oct 2021. Shubhada Sharad Maind ceased to be Director on 16 Oct 2021. Pravin Mithalal Gandhi was appointed as Director on 26 Apr 2018. Bharati Maind Urban Multiple Nidhi has 4 board changes on record in total.
The registered office of Bharati Maind Urban Multiple Nidhi is at CO Mrs. Shakuntala Aapparao Maind House No. 259 Near Durgamata Mandir, Pusad, Maharashtra, India – 445204.
Bharati Maind Urban Multiple Nidhi operates in the insurance industry, in the insurance and pension services segment.
Bharati Maind Urban Multiple Nidhi can be reached at its registered office: CO Mrs. Shakuntala Aapparao Maind House No. 259 Near Durgamata Mandir, Pusad, Maharashtra, India – 445204.
Bharati Maind Urban Multiple Nidhi is registered under the jurisdiction of the Registrar of Companies (ROC), Nagpur.
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.
