Magna Micro Nidhi Limited
About Magna Micro Nidhi Limited
Data last updated:
Magna Micro Nidhi Limited is a nidhi company based in Kottarakkara, Kerala, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 22 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65929KL2019PLN060484. Its GSTIN is 32AANCM1002E1Z6 (Kerala).
The company has an authorised share capital of ₹21 Lakh and a paid-up capital of ₹10.16 Lakh. It is led by directors including Ajithamohan Nair Sadasivan Nair (Managing Director) and Anilkumar Karunakaranpillai.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 8/560 1st Floor Peedikayil Plaza College Road Pulamon P O, Kottarakkara, Kerala, India – 691531.
As per the financials filed for FY 2023, the company reported a revenue of ₹19.88 Lakh, a growth of 110% compared to the previous year. For the same year it recorded a net profit of ₹95,364 (net margin 4.8%) and EBITDA of ₹1.4 Lakh (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 220% over three years.
Court records list 27 cases involving the company, including 27 filed by the company; 13 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Magna Micro Nidhi Limited's registered office is in Kottarakkara, Kerala. Its e-mail address is in the company report.
- Email
- Registered Address8/560 1st Floor Peedikayil Plaza College Road Pulamon P O, Kottarakkara, Kerala, India – 691531
- IndustryFinancial Services, Other Financial Intermediation, Credit Allocation Agencies, Pawn Shops
To see the full contact details of Magna Micro 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 Magna Micro 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 Magna Micro Nidhi Limited, buy the company report.
Financials of Magna Micro Nidhi Limited
FY 2023 filings availableMagna Micro Nidhi Limited reported revenue of ₹19.88 Lakh (up 110% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 220% over three years, including 110% growth in the latest year. EBITDA rose 216% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | ||||
| EBITDA | ₹1.4 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹95,364 | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 7% | |||
| Net Profit Margin | 4.8% | |||
| 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 Magna Micro Nidhi Limited, buy the company report.
Board of directors of Magna Micro Nidhi Limited
Magna Micro Nidhi has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajithamohan Nair Sadasivan Nair | Managing Director | 22 Nov 2019 | 6 Years 11 Months | Current |
| Anilkumar Karunakaranpillai | Director | 22 Nov 2019 | 6 Years 11 Months | Current |
| Saleena | Director | 22 Nov 2019 | 6 Years 11 Months | Current |
| Anandha Mohan Ajithamohanan Sridevi | Director | 13 Dec 2021 | 4 Years 10 Months | Current |
Peer comparison
Magna Micro 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 |
|---|---|---|---|---|---|---|
| Nem Investments and Finance Private Limited | ₹19.9 Lakh (FY 2024) | 521.0% | Mumbai, Maharashtra, India | |||
| CNK Business Solutions Private Limited | ₹19.9 Lakh (FY 2023) | 43.0% | Delhi, India | |||
| Thanniam Nidhi Limited | ₹19.89 Lakh (FY 2025) | -14.0% | Thanniam, Kerala, India | |||
| Uniquedeal Consultant Private Limited | ₹19.89 Lakh (FY 2020) | 11601.0% | Meerut, Uttar Pradesh, India | |||
| J S M Investments Ltd | ₹19.89 Lakh (FY 2019) | -7.0% | Kolkata, West Bengal, India | |||
| Magna Micro Nidhi Limitedthis company | ₹19.88 Lakh (FY 2023) | ₹95,364 | 4.8% | 110.0% | Kottarakkara, Kerala, India | |
| Bharathodayam Kuries Pvt Ltd | ₹19.88 Lakh (FY 2025) | 45.0% | Thrissur, Kerala, India | |||
| SP Sharmi Chit Fund Private Limited | ₹19.88 Lakh (FY 2025) | 16.0% | Kannyakumari, Tamil Nadu, India | |||
| Komirisetty Sri Sai Venkateswara Chit Fund Private Limited | ₹19.88 Lakh (FY 2024) | 6.0% | Khammam, Telangana, India | |||
| Aafiya Forex Private Limited | ₹19.88 Lakh (FY 2019) | -95.0% | Chennai, Tamil Nadu, India | |||
| GMJ Financial Services Private Limited | ₹19.87 Lakh (FY 2025) | 2.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Magna Micro Nidhi Limited, buy the company report.
Legal cases
Magna Micro Nidhi Limited has 27 court cases on record: 27 filed by Magna Micro Nidhi. 13 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 0 | 13 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kollam, Kerala | Civil suit | Filed by the company against Supriya | Pending |
| District court, Kollam, Kerala | Civil suit | Filed by the company against Maya | Disposed |
| District court, Kollam, Kerala | Civil suit | Filed by the company against an individual | Pending |
| District court, Kollam, Kerala | Civil suit | Filed by the company against an individual | Pending |
| District court, Kollam, Kerala | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Magna Micro 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 Magna Micro Nidhi Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magna Micro Nidhi has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AANCM1002E1Z6 | Kerala | Active | 01 Jan 2020 |
To see the full GST registrations and return filing status of Magna Micro Nidhi Limited, buy the company report.
Recent activity
Magna Micro Nidhi Limited has 4 board changes on record since 2019: 4 appointments. The latest: Anandha Mohan Ajithamohanan Sridevi was appointed as Director on 13 Dec 2021.
Frequently asked questions
Magna Micro Nidhi is an active nidhi company based in Kottarakkara, Kerala, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 22 November 2019 (7+ years old) and is registered under CIN U65929KL2019PLN060484.
Magna Micro Nidhi has 4 current directors:
- Ajithamohan Nair Sadasivan Nair - Managing Director
- Anilkumar Karunakaranpillai - Director
- Saleena - Director
- Anandha Mohan Ajithamohanan Sridevi - Director
The latest financial statements of Magna Micro Nidhi on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Magna Micro Nidhi is 32AANCM1002E1Z6, registered in Kerala.
The CIN (Corporate Identification Number) of Magna Micro Nidhi is U65929KL2019PLN060484. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magna Micro Nidhi has 27 court cases on record: 27 filed by the company. 13 are pending.
Magna Micro Nidhi was incorporated on 22 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Magna Micro Nidhi by revenue are Nem Investments and Finance Private Limited, CNK Business Solutions Private Limited, Thanniam Nidhi Limited, Uniquedeal Consultant Private Limited, J S M Investments Ltd and 5 more, all in the same principal business activity (other financial activities).
Anandha Mohan Ajithamohanan Sridevi was appointed as Director on 13 Dec 2021. Ajithamohan Nair Sadasivan Nair was appointed as Managing Director on 22 Nov 2019. Anilkumar Karunakaranpillai was appointed as Director on 22 Nov 2019. Magna Micro Nidhi has 4 board changes on record in total.
The registered office of Magna Micro Nidhi is at 8560 1st Floor Peedikayil Plaza College Road Pulamon P O, Kottarakkara, Kerala, India – 691531.
Magna Micro Nidhi operates in the financial services industry, in the other financial intermediation segment.
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