Magan Nidhi Limited
About Magan Nidhi Limited
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Magan Nidhi Limited is a nidhi company based in Nagpur, Maharashtra, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 05 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U65999MH2018PLC315428.
The company has an authorised share capital of ₹10.5 Lakh and a paid-up capital of ₹10.02 Lakh. It is led by directors including Arjun Narendra Kothari and Mahesh Maganmal Kothari.
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 C No 8/13 Behind Sarafa Line Naik Road Itwari, Nagpur, Maharashtra, India – 440002.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.93 Cr, a growth of 68% compared to the previous year. For the same year it recorded a net profit of ₹42.02 Lakh (net margin 21.8%) and EBITDA of ₹1.6 Cr (EBITDA margin 83%). Revenue has grown at a compounded annual rate (CAGR) of 58% over three years and 118% over five years.
Company details
Contact details
Magan Nidhi Limited's registered office is in Nagpur, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressC No 8/13 Behind Sarafa Line Naik Road Itwari, Nagpur, Maharashtra, India – 440002
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Magan 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 Magan 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 |
Financials of Magan Nidhi Limited
FY 2025 filings availableMagan Nidhi Limited reported revenue of ₹1.93 Cr (up 68% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 118% over five years, including 68% growth in the latest year. EBITDA rose 50% 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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| EBITDA | ₹1.6 Cr | ||||
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| Net Profit (PAT) | ₹42.02 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 83% | ||||
| Net Profit Margin | 21.8% | ||||
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To see the full financial statements and ratios of Magan Nidhi Limited, buy the company report.
Board of directors of Magan Nidhi Limited
Magan Nidhi has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arjun Narendra Kothari Also directs: Magan Vaults LLP, Karan Kothari Aabhushan Private Limited, Aurangabad Cold Storage Limited Liability Partnership and 2 more | Director | 05 Oct 2018 | 8 Years 0 Months | Current |
| Mahesh Maganmal Kothari Also directs: Magan Vaults LLP | Director | 05 Oct 2018 | 8 Years 0 Months | Current |
| Suresh Maganmal Kothari Also directs: Magan Vaults LLP, Karan Kothari Aabhushan Private Limited | Director | 05 Oct 2018 | 8 Years 0 Months | Current |
Peer comparison
Magan Nidhi Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Sigaram Chits Private Limited | ₹1.95 Cr (FY 2019) | -25.0% | Chennai, Tamil Nadu, India | |||
| Cordialgramin Nidhi Limited | ₹1.95 Cr (FY 2024) | -35.0% | Ernakulam, Kerala, India | |||
| Mancherial Amartya Chit Funds Private Limited | ₹1.95 Cr (FY 2022) | 33.0% | Mancherial, Telangana, India | |||
| Hi-Wealth Kuries Limited | ₹1.94 Cr (FY 2025) | 6.0% | Thrissur, Kerala, India | |||
| Magan Nidhi Limitedthis company | ₹1.93 Cr (FY 2025) | ₹42.02 Lakh | 21.8% | 68.0% | Nagpur, Maharashtra, India | |
| Akshayarithu Chits Private Limited | ₹1.93 Cr (FY 2024) | 13.0% | Thiruvananthapuram, Kerala, India | |||
| Slyn Chits Private Limited | ₹1.92 Cr (FY 2025) | 29.0% | Hyderabad, Telangana, India | |||
| Dr Karthi Chit India Private Limited | ₹1.89 Cr (FY 2024) | 56.0% | Sathyamangalam, Tamil Nadu, India | |||
| Kaametardha Chit Funds Private Limited | ₹1.88 Cr (FY 2025) | 56.0% | Secunderabad, Telangana, India |
To see the full peer comparison of Magan Nidhi Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magan 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 Magan 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 Magan Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Magan Nidhi Limited has 3 board changes on record since 2018: 3 appointments. The latest: Arjun Narendra Kothari was appointed as Director on 05 Oct 2018.
Frequently asked questions
Magan Nidhi is an active nidhi company based in Nagpur, Maharashtra, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 05 October 2018 (8+ years old) and is registered under CIN U65999MH2018PLC315428.
Magan Nidhi has 3 current directors:
- Arjun Narendra Kothari - Director
- Mahesh Maganmal Kothari - Director
- Suresh Maganmal Kothari - Director
The latest financial statements of Magan 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 FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Magan Nidhi is U65999MH2018PLC315428. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magan Nidhi was incorporated on 05 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Nagpur.
The peers of Magan Nidhi by revenue are Sigaram Chits Private Limited, Cordialgramin Nidhi Limited, Mancherial Amartya Chit Funds Private Limited, Hi-Wealth Kuries Limited, Akshayarithu Chits Private Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Arjun Narendra Kothari was appointed as Director on 05 Oct 2018. Mahesh Maganmal Kothari was appointed as Director on 05 Oct 2018. Suresh Maganmal Kothari was appointed as Director on 05 Oct 2018.
The registered office of Magan Nidhi is at C No 813 Behind Sarafa Line Naik Road Itwari, Nagpur, Maharashtra, India – 440002.
Magan Nidhi operates in the financial services industry, in the microfinance institutions segment.
Magan Nidhi can be reached at its registered office: C No 813 Behind Sarafa Line Naik Road Itwari, Nagpur, Maharashtra, India – 440002.
Magan Nidhi is registered under the jurisdiction of the Registrar of Companies (ROC), Nagpur.
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