Folk Nidhi Limited
About Folk Nidhi Limited
Data last updated:
Folk Nidhi Limited is a nidhi company based in Saharanpur, Uttar Pradesh, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 08 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U65990UP2018PLC110142.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Hari Ballabh Sharma (Managing Director) and Mohit Sharma.
Its last annual general meeting (AGM) was held on 28 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at H No P/49 Pooja Puram Galira Road, Saharanpur, Uttar Pradesh, India – 247001.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.99 Lakh, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹33,454 (net margin 6.7%) and EBITDA of ₹2.39 Lakh (EBITDA margin 48%). Revenue has grown at a compounded annual rate (CAGR) of 96% over three years.
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Company details
Contact details
Folk Nidhi Limited's registered office is in Saharanpur, Uttar Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressH No P/49 Pooja Puram Galira Road, Saharanpur, Uttar Pradesh, India – 247001
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Folk 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 Folk 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 Folk Nidhi Limited, buy the company report.
Financials of Folk Nidhi Limited
FY 2022 filings availableFolk Nidhi Limited reported revenue of ₹4.99 Lakh (up 16% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 96% over three years, including 16% growth in the latest year. EBITDA rose 37% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹4.99 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹2.39 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹33,454 | |||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 48% | |||
| Net Profit Margin | 6.7% | |||
| 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 Folk Nidhi Limited, buy the company report.
Board of directors of Folk Nidhi Limited
Folk Nidhi has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Sharma | Director | 13 Nov 2018 | 7 Years 11 Months | Current |
| Manoj Choudhary | Director | 08 Nov 2018 | 8 Years 0 Months | Current |
| Sanjay Sirohi | Director | 08 Nov 2018 | 8 Years 0 Months | Current |
| Hari Ballabh Sharma Also directs: Shakumbari Finance and Investment Private Limited | Managing Director | 08 Nov 2018 | 8 Years 0 Months | Current |
Peer comparison
Folk 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 |
|---|---|---|---|---|---|---|
| Saksham Commodities Limited | ₹5 Lakh (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Sun God Trading and Investment Limited | ₹4.99 Lakh (FY 2020) | 23.0% | Ujjain, Madhya Pradesh, India | |||
| Ecospace Commodities Trade Private Limited | ₹4.99 Lakh (FY 2017) | 318.0% | Swaroop Nagar, Delhi, India | |||
| Adyant Financial Services Private Limited | ₹4.99 Lakh (FY 2023) | -88.0% | Hyderabad, Telangana, India | |||
| Mehul Homes Private Limited. | ₹4.99 Lakh (FY 2025) | -28.0% | Kolkata, West Bengal, India | |||
| Folk Nidhi Limitedthis company | ₹4.99 Lakh (FY 2022) | ₹33,454 | 6.7% | 16.0% | Saharanpur, Uttar Pradesh, India | |
| Rambos Footwear Private Limited | ₹4.99 Lakh (FY 2017) | -21.0% | Kolkata, West Bengal, India | |||
| Gopiram Gupta and Co. Private Limited | ₹4.98 Lakh (FY 2025) | 33.0% | Cal, West Bengal, India | |||
| Ankit Micro Finance | ₹4.98 Lakh (FY 2025) | 65.0% | Deoria, Uttar Pradesh, India | |||
| Visrutha Kuries Limited | ₹4.98 Lakh (FY 2021) | -51.0% | Thrissur, Kerala, India | |||
| Shivganga Nidhi Limited | ₹4.98 Lakh (FY 2016) | Varanasi, Uttar Pradesh, India |
To see the full peer comparison of Folk Nidhi Limited, buy the company report.
Legal cases
Folk Nidhi Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Meerut, Uttar Pradesh | Criminal case | Filed against the company by Registrar of Companies | Pending |
To see the full case history of Folk 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 Folk 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 Folk Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Folk Nidhi Limited has 10 board changes on record since 2018: 7 appointments and 3 cessations. The latest: Ramesh Chand ceased to be Director on 10 Oct 2019.
1 earlier event is in the company report.
Frequently asked questions
Folk Nidhi is an active nidhi company based in Saharanpur, Uttar Pradesh, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 08 November 2018 (8+ years old) and is registered under CIN U65990UP2018PLC110142.
Folk Nidhi has 4 current directors:
- Hari Ballabh Sharma - Managing Director
- Mohit Sharma - Director
- Manoj Choudhary - Director
- Sanjay Sirohi - Director
The latest financial statements of Folk Nidhi on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 28 September 2022. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Folk Nidhi is U65990UP2018PLC110142. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Folk Nidhi has 1 court case on record: 1 filed against it. 1 is pending.
Folk Nidhi was incorporated on 08 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Folk Nidhi by revenue are Saksham Commodities Limited, Sun God Trading and Investment Limited, Ecospace Commodities Trade Private Limited, Adyant Financial Services Private Limited, Mehul Homes Private Limited. and 5 more, all in the same principal business activity (other financial activities).
Ramesh Chand ceased to be Director on 10 Oct 2019. Sunil Kumar ceased to be Director on 10 Oct 2019. Virat Chaudhary ceased to be Director on 10 Oct 2019. Folk Nidhi has 10 board changes on record in total.
The registered office of Folk Nidhi is at H No P49 Pooja Puram Galira Road, Saharanpur, Uttar Pradesh, India – 247001.
Folk Nidhi operates in the financial services industry, in the other financial intermediation segment.
Folk Nidhi can be reached at its registered office: H No P49 Pooja Puram Galira Road, Saharanpur, Uttar Pradesh, India – 247001.
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