Corous Nidhi Limited
About Corous Nidhi Limited
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Corous Nidhi Limited is a nidhi company based in Thrissur, Kerala, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 14 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65999KL2018PLC052431.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹13.05 Lakh. It is led by directors including Tonny Thayyalakkal Vareed (Managing Director) and Varghese Palathingal Chummar.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Door No: 10/555/27 First Floor Mundadan Tower Pallikulam Road, Thrissur, Kerala, India – 680001.
As per the financials filed for FY 2021, the company reported a revenue of ₹3.25 Lakh, a growth of 91% compared to the previous year. For the same year it recorded a net loss of ₹10,531 (net margin -3.2%) and EBITDA of ₹82,743 (EBITDA margin 25.5%).
Company details
Contact details
Corous Nidhi Limited's registered office is in Thrissur, Kerala. Its e-mail address is in the company report.
- Email
- Registered AddressDoor No: 10/555/27 First Floor Mundadan Tower Pallikulam Road, Thrissur, Kerala, India – 680001
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Corous 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 Corous 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 Corous Nidhi Limited, buy the company report.
Financials of Corous Nidhi Limited
FY 2021 filings availableCorous Nidhi Limited reported revenue of ₹3.25 Lakh (up 91% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 91% in the latest year. EBITDA rose 173% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹82,743 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹10,531 | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | ||||
| EBITDA Margin | 25.5% | |||
| Net Profit Margin | -3.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Corous Nidhi Limited, buy the company report.
Board of directors of Corous Nidhi Limited
Corous Nidhi has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varghese Palathingal Chummar Also directs: Janananma Nidhi (India) Limited, Corous Kuries Private Limited | Director | 14 Mar 2018 | 8 Years 7 Months | Current |
| Tonny Thayyalakkal Vareed Also directs: Janananma Nidhi (India) Limited, Corous Kuries Private Limited | Managing Director | 14 Mar 2018 | 8 Years 7 Months | Current |
| Shiju Valliyanoorkaran Jose Also directs: Janananma Nidhi (India) Limited, Corous Kuries Private Limited | Director | 14 Mar 2018 | 8 Years 7 Months | Current |
| Sushil Engoor Vidhyasagar Also directs: Corous Kuries Private Limited | Director | 14 Mar 2018 | 8 Years 7 Months | Current |
| Vincent Cheeran Also directs: Janananma Nidhi (India) Limited, Corous Kuries Private Limited | Director | 14 Mar 2018 | 8 Years 7 Months | Current |
Peer comparison
Corous Nidhi Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Sumu Finlease Ltd | ₹3.25 Lakh (FY 2018) | 190.0% | New Delhi, Delhi, India | |||
| Swarna Ganga Chit Funds and Finance Company Private Limited | ₹3.25 Lakh (FY 2025) | -83.0% | Hyderabad, Telangana, India | |||
| Kins Kuries Private Limited | ₹3.25 Lakh (FY 2017) | -56.0% | Thrissur, Kerala, India | |||
| Venugopal Co Pvt Ltd | ₹3.25 Lakh (FY 2024) | Thrissur, Kerala, India | ||||
| DNM Consultancy & Management Private Limited | ₹3.25 Lakh (FY 2025) | -73.0% | Kolkata, West Bengal, India | |||
| Corous Nidhi Limitedthis company | ₹3.25 Lakh (FY 2021) | -₹10,531 | -3.2% | 91.0% | Thrissur, Kerala, India | |
| Ishani Nidhi Limited | ₹3.25 Lakh (FY 2019) | 884.0% | Patna, Bihar, India | |||
| Madhavaram Chit Funds Private Limited | ₹3.25 Lakh (FY 2023) | Chennai, Tamil Nadu, India | ||||
| Vettukattil Rajaprastham Kuries Private Limited | ₹3.24 Lakh (FY 2023) | -20.0% | Cheruthuruthy, Kerala, India | |||
| Mega Commercial Services Private Limited | ₹3.24 Lakh (FY 2025) | 17.0% | Kolkata, West Bengal, India | |||
| Meridian Marketing Private Limited | ₹3.24 Lakh (FY 2018) | 31.0% | New Delhi, Delhi, India |
To see the full peer comparison of Corous Nidhi Limited, buy the company report.
Legal cases
No court or tribunal cases involving Corous 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 Corous 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 Corous Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Corous Nidhi Limited has 8 board changes on record since 2018: 5 appointments and 3 cessations. The latest: Sushil Engoor Vidhyasagar ceased to be Director on 16 Dec 2021.
Frequently asked questions
Corous Nidhi is an active nidhi company based in Thrissur, Kerala, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 14 March 2018 (8+ years old) and is registered under CIN U65999KL2018PLC052431.
Corous Nidhi has 5 current directors:
- Tonny Thayyalakkal Vareed - Managing Director
- Varghese Palathingal Chummar - Director
- Shiju Valliyanoorkaran Jose - Director
- Sushil Engoor Vidhyasagar - Director
- Vincent Cheeran - Director
The latest financial statements of Corous Nidhi on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2018 are in the company report.
The CIN (Corporate Identification Number) of Corous Nidhi is U65999KL2018PLC052431. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Corous Nidhi was incorporated on 14 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Corous Nidhi by revenue are Sumu Finlease Ltd, Swarna Ganga Chit Funds and Finance Company Private Limited, Kins Kuries Private Limited, Venugopal Co Pvt Ltd, DNM Consultancy & Management Private Limited and 5 more, all in the same principal business activity (other financial activities).
Sushil Engoor Vidhyasagar ceased to be Director on 16 Dec 2021. Francis Edakkalathur Antony ceased to be Director on 30 Nov 2021. Zachariya Konikkara Kunjippalu ceased to be Director on 30 Nov 2021. Corous Nidhi has 8 board changes on record in total.
The registered office of Corous Nidhi is at Door No: 1055527 First Floor Mundadan Tower Pallikulam Road, Thrissur, Kerala, India – 680001.
Corous Nidhi operates in the financial services industry, in the other financial intermediation segment.
Corous Nidhi can be reached at its registered office: Door No: 1055527 First Floor Mundadan Tower Pallikulam Road, Thrissur, Kerala, India – 680001.
Corous Nidhi is registered under the jurisdiction of the Registrar of Companies (ROC), Ernakulam.
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