About Firstfin Nidhi Limited
Data last updated:
Firstfin Nidhi Limited is a nidhi company based in Bangalore, Karnataka, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 19 May 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65999KA2020PLN134183.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Mehul Mangla and Kuldeep Eregodu Satyanarayana.
Its last annual general meeting (AGM) was held on 19 October 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at #60 Ground Floor Ranganatha Nilaya 1st Cross 7th Main Bhuvaneshwari Nagar, Bangalore, Karnataka, India – 560057.
As per the financials filed for FY 2021, the company reported a revenue of ₹3.16 Lakh. For the same year it recorded a net profit of ₹20,230 (net margin 6.4%) and EBITDA of ₹1.31 Lakh (EBITDA margin 41.5%).
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: FNL.
For more details, the company can be reached via its website firstfin.in.
Company details
Contact details
Firstfin Nidhi Limited's registered office is in Bangalore, Karnataka.
- Registered Address#60 Ground Floor Ranganatha Nilaya 1st Cross 7th Main Bhuvaneshwari Nagar, Bangalore, Karnataka, India – 560057
- IndustryFinancial Services, Other Financial Intermediation
- 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
Brands
Firstfin Nidhi operates one associated brand: FNL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers home, business, LAP, and personal loans across India. | firstfin.in |
Business activity
The main business activity of Firstfin 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 Firstfin Nidhi Limited, buy the company report.
Financials of Firstfin Nidhi Limited
FY 2021 filings availableFirstfin Nidhi Limited reported revenue of ₹3.16 Lakh for FY 2021.
Financial Statement Summary
| Metrics | FY 2020-21 |
|---|---|
| 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 | ₹1.31 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹20,230 |
| 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 2020-21 |
|---|---|
| Profitability | |
| EBITDA Margin | 41.5% |
| Net Profit Margin | 6.4% |
| 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 Firstfin Nidhi Limited, buy the company report.
Board of directors of Firstfin Nidhi Limited
Firstfin Nidhi has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mehul Mangla Also directs: Ecogro Plant Bliss Private Limited | Director | 08 Nov 2021 | 4 Years 11 Months | Current |
| Kuldeep Eregodu Satyanarayana Also directs: Street Flower Shows LLP, Qbrikcon Private Limited, Bharath Fincorp Private Limited and 3 more | Director | 19 May 2020 | 6 Years 5 Months | Current |
| Jayashree Satyanarayana Also directs: Udyathi Microcare Foundation | Director | 19 May 2020 | 6 Years 5 Months | Current |
| Cholungunte Ramachand Rachary Pushpamala Jagadeesh Also directs: Qbrikcon Private Limited | Director | 19 May 2020 | 6 Years 5 Months | Current |
Peer comparison
Firstfin Nidhi Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Forced Saving Chits Private Limited | ₹3.18 Lakh (FY 2025) | -6.0% | Haryana, India | |||
| Shri Satyasai Micro Finance Foundation | ₹3.18 Lakh (FY 2024) | 9.0% | Varanasi, Uttar Pradesh, India | |||
| Paithrukam Chits Private Limited | ₹3.17 Lakh (FY 2025) | 16.0% | Thrissur, Kerala, India | |||
| Bankerman Kuries and Loans Private Limited | ₹3.16 Lakh (FY 2025) | -40.0% | Thrichur, Kerala, India | |||
| Firstfin Nidhi Limitedthis company | ₹3.16 Lakh (FY 2021) | ₹20,230 | 6.4% | Bangalore, Karnataka, India | ||
| Goyal Chits Private Limited | ₹3.15 Lakh (FY 2025) | -8.0% | Faridabad, Haryana, India | |||
| Sirimalle Chits and Finance Private Limited | ₹3.11 Lakh (FY 2024) | -57.0% | Hyderabad, Telangana, India | |||
| Gandhi Gupta Industrial Finance and Chit Fund Company Limited | ₹3.1 Lakh (FY 2021) | -61.0% | Haryana, India |
To see the full peer comparison of Firstfin Nidhi Limited, buy the company report.
Legal cases
No court or tribunal cases involving Firstfin 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 Firstfin 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 Firstfin Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Firstfin Nidhi Limited has 4 board changes on record since 2020: 4 appointments. The latest: Mehul Mangla was appointed as Director on 08 Nov 2021.
Frequently asked questions
Firstfin Nidhi is an active nidhi company based in Bangalore, Karnataka, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 19 May 2020 (6+ years old) and is registered under CIN U65999KA2020PLN134183.
Firstfin Nidhi has 4 current directors:
- Mehul Mangla - Director
- Kuldeep Eregodu Satyanarayana - Director
- Jayashree Satyanarayana - Director
- Cholungunte Ramachand Rachary Pushpamala Jagadeesh - Director
The latest financial statements of Firstfin Nidhi on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 19 October 2021. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Firstfin Nidhi is U65999KA2020PLN134183. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Firstfin Nidhi was incorporated on 19 May 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Firstfin Nidhi by revenue are Forced Saving Chits Private Limited, Shri Satyasai Micro Finance Foundation, Paithrukam Chits Private Limited, Bankerman Kuries and Loans Private Limited, Goyal Chits Private Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Mehul Mangla was appointed as Director on 08 Nov 2021. Cholungunte Ramachand Rachary Pushpamala Jagadeesh was appointed as Director on 19 May 2020. Jayashree Satyanarayana was appointed as Director on 19 May 2020. Firstfin Nidhi has 4 board changes on record in total.
Firstfin Nidhi can be reached through the website firstfin.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Firstfin Nidhi is at #60 Ground Floor Ranganatha Nilaya 1st Cross 7th Main Bhuvaneshwari Nagar, Bangalore, Karnataka, India – 560057.
Firstfin Nidhi operates in the financial services industry, in the other financial intermediation segment.
Firstfin Nidhi has 1 associated brand: Fnl.