Canara Nidhi Limited
About Canara Nidhi Limited
Data last updated:
Canara Nidhi Limited is a nidhi company based in Udupi, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 02 January 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1992PLC012679.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹5.03 Lakh. It is led by directors including Katpady Madhava Kini and Vivekananda.
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 1st Floor Manipal Centre Udupi., Karnataka, India – 576101.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.28 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹20.29 Lakh (net margin -180%) and EBITDA of -₹20.86 Lakh (EBITDA margin -185%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 7% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
Court records list 418 cases involving the company, including 261 filed by the company and 157 filed against it; 11 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Canara Nidhi has one previous CIN (Corporate Identification Number): U80301KA1992PLC012679. The current CIN is U85110KA1992PLC012679, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1992PLC012679 | Current |
| U80301KA1992PLC012679 | Previous |
Contact details
Canara Nidhi Limited's registered office is in Udupi, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1st Floor Manipal Centre Udupi., Karnataka, India – 576101
- IndustryFinancial Services, Financial Activities
To see the full contact details of Canara 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 Canara 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 Canara Nidhi Limited, buy the company report.
Financials of Canara Nidhi Limited
FY 2025 filings availableCanara Nidhi Limited reported revenue of ₹11.28 Lakh (down 79% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 79% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 141% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | -₹20.86 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20.29 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -185% | ||||
| Net Profit Margin | -180% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Canara Nidhi Limited, buy the company report.
Board of directors of Canara Nidhi Limited
Canara Nidhi has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Katpady Madhava Kini Also directs: Canara Steel and Real Estates Limited, Manipal Springs Limited, Sevalal Solar Private Limited and 5 more | Director | 04 Mar 2020 | 6 Years 8 Months | Current |
| Vivekananda | Director | 12 Dec 2012 | 13 Years 11 Months | Current |
| Savithri Prasad Also directs: Manipal HR Solutions LLP, Kanara Global Products LLP, Manipal Agrotech Private Limited and 4 more | Director | 04 Mar 2020 | 6 Years 8 Months | Current |
| Kokkarane Lakshman Muralidhar Pai | Additional Director | 12 Apr 2025 | 1 Years 7 Months | Current |
Peer comparison
Canara Nidhi Limited is compared with the 9 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Prominent Tradelink Private Limited | ₹11.29 Lakh (FY 2024) | 1.0% | Kolkata, West Bengal, India | |||
| Kushagra Foods Private Limited | ₹11.29 Lakh (FY 2025) | -2.0% | Uttar Pradesh, India | |||
| VNL Nidhi Limited | ₹11.28 Lakh (FY 2025) | 17.0% | Ernad, Kerala, India | |||
| Artillegence Bio-Innovations Limited | ₹11.28 Lakh (FY 2025) | 159.0% | Howrah, West Bengal, India | |||
| Primus Investments and Finance Private Limited | ₹11.28 Lakh (FY 2024) | 329.0% | Mumbai, Maharashtra, India | |||
| Canara Nidhi Limitedthis company | ₹11.28 Lakh (FY 2025) | -₹20.29 Lakh | -180% | -79.0% | 2 | Udupi, Karnataka, India |
| Kuber Infinity Nidhi Limited | ₹11.27 Lakh (FY 2023) | 65.0% | Yamuna Nagar, Haryana, India | |||
| Decredito Fintech Private Limited | ₹11.27 Lakh (FY 2025) | 19.0% | Haryana, India | |||
| Vibgyor Nidhi Limited | ₹11.27 Lakh (FY 2025) | -5.0% | Manjeri, Kerala, India | |||
| Dhruv Mercantile Private Limited | ₹11.26 Lakh (FY 2018) | 18.0% | Thane, Maharashtra, India |
To see the full peer comparison of Canara Nidhi Limited, buy the company report.
Auditor
Canara Nidhi Limited is audited by VASUDEVAPAIT for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VASUDEVAPAIT | FY 2017 | 020906 |
Shareholding
The shareholding of Canara Nidhi Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Canara Nidhi Limited, buy the company report.
Legal cases
Canara Nidhi Limited has 418 court cases on record: 261 filed by Canara Nidhi, 157 filed against it. 11 cases are pending and 407 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 305 | 72 | 7 |
| High courts | 108 | 81 | 4 |
| Supreme Court | 5 | 4 | 0 |
Cases on record (5 of 418)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by M S Manipal Home Finance Ltd | Pending |
| District court, UDUPI, Karnataka | Court case (Ex.C) | Filed against the company by Ms Manipal Home Finance Ltd., Rep.By Its Director and Gpa Holder, Subbarame Gowda | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company | Pending |
| High Court | Writ petition | Filed against the company by individuals | Pending |
To see the full case history of Canara 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 Canara Nidhi Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Canara Nidhi Limited has a workforce of 2 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 2 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Canara Nidhi Limited, buy the company report.
GST
No GST registration is on our record for Canara Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Canara Nidhi Limited has 9 board changes on record since 2012: 4 appointments and 5 cessations. The latest: Kokkarane Lakshman Muralidhar Pai was appointed as Additional Director on 12 Apr 2025.
Frequently asked questions
Canara Nidhi is an active nidhi company based in Udupi, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 02 January 1992 (34+ years old) and is registered under CIN U85110KA1992PLC012679.
Canara Nidhi has 4 current directors:
- Katpady Madhava Kini - Director
- Vivekananda - Director
- Savithri Prasad - Director
- Kokkarane Lakshman Muralidhar Pai - Additional Director
The latest financial statements of Canara Nidhi on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Canara Nidhi is U85110KA1992PLC012679. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Canara Nidhi has 418 court cases on record: 261 filed by the company and 157 filed against it. 11 are pending. Most are in the district courts.
Canara Nidhi was incorporated on 02 January 1992, making it 34+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Canara Nidhi by revenue are Prominent Tradelink Private Limited, Kushagra Foods Private Limited, VNL Nidhi Limited, Artillegence Bio-Innovations Limited, Primus Investments and Finance Private Limited and 4 more, all in the same principal business activity (other financial activities).
Kokkarane Lakshman Muralidhar Pai was appointed as Additional Director on 12 Apr 2025. Katpady Madhava Kini ceased to be Additional Director on 31 Dec 2020. Savithri Prasad ceased to be Additional Director on 31 Dec 2020. Canara Nidhi has 9 board changes on record in total.
The registered office of Canara Nidhi is at 1st Floor Manipal Centre Udupi., Karnataka, India – 576101.
Canara Nidhi operates in the financial services industry, in the financial activities segment.
The compliance status of Canara Nidhi is compliant as of 06 September 2026. The company is actively filing with the Registrar of Companies.
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