About Faveo Nidhi Limited
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Faveo Nidhi Limited is a nidhi company based in Jaipur, Rajasthan, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 20 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U65999RJ2015PLC047773. Its GSTIN is 08AACCF6186D1ZM (Rajasthan).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹11 Lakh. It is led by directors including Sharwan Kumar Jat (Whole-Time Director) and Rinku Soni.
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 112 Navjeevan Complex Station Road, Jaipur, Rajasthan, India – 302006.
As per the financials filed for FY 2021, the company reported a revenue of ₹55,807, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹5.41 Lakh and EBITDA of -₹3.69 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 72% over three years and 48% over five years.
As per MCA filings, the company has open charges of ₹14.78 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website faveonidhi.com.
Company details
Contact details
Faveo Nidhi Limited's registered office is in Jaipur, Rajasthan. Its website is faveonidhi.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address112 Navjeevan Complex Station Road, Jaipur, Rajasthan, India – 302006
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Faveo 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 Faveo Nidhi is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Faveo Nidhi Limited, buy the company report.
Financials of Faveo Nidhi Limited
FY 2021 filings availableFaveo Nidhi Limited reported revenue of ₹55,807 (down 90% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 48% over five years, including a 90% fall in the latest year. EBITDA fell 76% 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
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| EBITDA | -₹3.69 Lakh | ||||
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| Net Profit (PAT) | -₹5.41 Lakh | ||||
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Financial Ratios
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To see the full financial statements and ratios of Faveo Nidhi Limited, buy the company report.
Board of directors of Faveo Nidhi Limited
Faveo Nidhi has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sharwan Kumar Jat | Whole-Time Director | 20 Jun 2015 | 11 Years 4 Months | Current |
| Rinku Soni | Director | 20 Jun 2019 | 7 Years 4 Months | Current |
| Shilpi Sharma Also directs: Faveo Ventures Private Limited | Director | 21 Jun 2019 | 7 Years 4 Months | Current |
Peer comparison
Faveo Nidhi Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arthaveda Solutions Private Limited | ₹56,500 (FY 2019) | Amravati, Maharashtra, India | ||||
| Choraria Fincon Private Limited | ₹56,306 (FY 2025) | -31.0% | Kolkata, West Bengal, India | |||
| Anumex Developers Private Limited | ₹56,232 (FY 2019) | -25.0% | Kolkata, West Bengal, India | |||
| Claro Technologies Private Limited | ₹56,012 (FY 2021) | -71.0% | Mumbai, Maharashtra, India | |||
| Twaritananya Services International Private Limited | ₹55,907 (FY 2025) | -7.0% | Bangalore, Karnataka, India | |||
| Faveo Nidhi Limitedthis company | ₹55,807 (FY 2021) | -₹5.41 Lakh | -90.0% | Jaipur, Rajasthan, India | ||
| Excellent Stock Broking Services Private Limited | ₹55,791 (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Nivesh Salahakar Private Limited | ₹55,702 (FY 2024) | -79.0% | Roorkee, Uttarakhand, India | |||
| Peacemind Innovation Private Limited | ₹55,162 (FY 2025) | -99.0% | Rohtak, Haryana, India | |||
| Amr Finquest India Private Limited | ₹55,072 (FY 2025) | 13.0% | New Delhi, Delhi, India | |||
| Rothmans Data Intelligence Private Limited | ₹55,000 (FY 2019) | -93.0% | Faridabad, Haryana, India |
To see the full peer comparison of Faveo Nidhi Limited, buy the company report.
Shareholding
The shareholding of Faveo Nidhi Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Faveo Nidhi Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Dec 2016 | 100075814 | Axis Bank Limited | ₹14.78 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Faveo 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 Faveo Nidhi Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Faveo Nidhi has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AACCF6186D1ZM | Rajasthan | Active | 09 Oct 2017 |
To see the full GST registrations and return filing status of Faveo Nidhi Limited, buy the company report.
Recent activity
Faveo Nidhi Limited has 7 board changes on record since 2015: 5 appointments and 2 cessations. The latest: Devendra Kumar Sharma ceased to be Whole-Time Director on 22 Jun 2019.
Frequently asked questions
Faveo Nidhi is an active nidhi company based in Jaipur, Rajasthan, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 20 June 2015 (11+ years old) and is registered under CIN U65999RJ2015PLC047773.
Faveo Nidhi has 3 current directors:
- Sharwan Kumar Jat - Whole-Time Director
- Rinku Soni - Director
- Shilpi Sharma - Director
The latest financial statements of Faveo 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 2016 are in the company report.
The GSTIN of Faveo Nidhi is 08AACCF6186D1ZM, registered in Rajasthan.
The CIN (Corporate Identification Number) of Faveo Nidhi is U65999RJ2015PLC047773. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Faveo Nidhi was incorporated on 20 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Faveo Nidhi by revenue are Arthaveda Solutions Private Limited, Choraria Fincon Private Limited, Anumex Developers Private Limited, Claro Technologies Private Limited, Twaritananya Services International Private Limited and 5 more, all in the same principal business activity (financial advisory, brokerage and consultancy services).
Devendra Kumar Sharma ceased to be Whole-Time Director on 22 Jun 2019. Gajendra Kumar Sharma ceased to be Whole-Time Director on 22 Jun 2019. Shilpi Sharma was appointed as Director on 21 Jun 2019. Faveo Nidhi has 7 board changes on record in total.
Faveo Nidhi can be reached through the website faveonidhi.com. Its registered office is in Jaipur, Rajasthan, India.
The registered office of Faveo Nidhi is at 112 Navjeevan Complex Station Road, Jaipur, Rajasthan, India – 302006.
Faveo Nidhi operates in the financial services industry, in the other financial intermediation segment.
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