Mala Chitman Nidhi Limited
About Mala Chitman Nidhi Limited
Data last updated:
Mala Chitman Nidhi Limited is a nidhi company based in Thrissur, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 01 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65929KL2016PLC046711.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹22 Lakh. It is led by directors including Biju Nedumpuram Devassykutty (Managing Director) and Jeejo Pazhayattil Ouseph.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Xvii/864 A Opposite Private Bus Stand Mala, Thrissur, Kerala, India – 680732.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.89 Lakh, a decline of 33% compared to the previous year. For the same year it recorded a net profit of ₹32,300 (net margin 2%) and EBITDA of ₹11.34 Lakh (EBITDA margin 71.4%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 2% over five years.
Court records list 15 cases involving the company, including 15 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mala Chitman Nidhi Limited's registered office is in Thrissur, Kerala. Its e-mail address is in the company report.
- Email
- Registered AddressXvii/864 A Opposite Private Bus Stand Mala, Thrissur, Kerala, India – 680732
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Mala Chitman 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 Mala Chitman 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 Mala Chitman Nidhi Limited, buy the company report.
Financials of Mala Chitman Nidhi Limited
FY 2025 filings availableMala Chitman Nidhi Limited reported revenue of ₹15.89 Lakh (down 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 33% fall in the latest year. EBITDA fell 30% 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 | ₹11.34 Lakh | ||||
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| Net Profit (PAT) | ₹32,300 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 71.4% | ||||
| Net Profit Margin | 2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Mala Chitman Nidhi Limited, buy the company report.
Board of directors of Mala Chitman Nidhi Limited
Mala Chitman Nidhi has 7 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jeejo Pazhayattil Ouseph | Director | 16 Aug 2020 | 6 Years 2 Months | Current |
| Unnikrishnan Kongassery Also directs: Head Line Chits Private Limited, Chitman Kuries Private Limited | Director | 26 Dec 2023 | 2 Years 10 Months | Current |
| Santhosh Thekkedath Vasu Also directs: Head Line Chits Private Limited, Chitman Kuries Private Limited | Director | 16 Aug 2020 | 6 Years 2 Months | Current |
| Thekkumthala Abhilash Dharmadas Also directs: Head Line Chits Private Limited, Chitman Kuries Private Limited | Director | 25 Sep 2024 | 2 Years 1 Months | Current |
| Austine Payyappilly Also directs: Head Line Chits Private Limited, Chitman Kuries Private Limited | Director | 01 Sep 2016 | 10 Years 2 Months | Current |
| Parekkadan Paulose Jos Also directs: Head Line Chits Private Limited, Chitman Kuries Private Limited | Director | 30 Dec 2019 | 6 Years 10 Months | Current |
Peer comparison
Mala Chitman 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 |
|---|---|---|---|---|---|---|
| Divyalaxmi Chits Private Limited | ₹16.08 Lakh (FY 2024) | 52.0% | Nagpur, Maharashtra, India | |||
| Brahma Kuries Private Limited | ₹16.03 Lakh (FY 2025) | 0.0% | Thrissur, Kerala, India | |||
| Milan Kuries Private Limited | ₹15.93 Lakh (FY 2025) | 12.0% | Thrissur, Kerala, India | |||
| Sri Madhulekha Chit Fund Private Limited | ₹15.93 Lakh (FY 2022) | -27.0% | Metpally, Telangana, India | |||
| Mala Chitman Nidhi Limitedthis company | ₹15.89 Lakh (FY 2025) | ₹32,300 | 2% | -33.0% | Thrissur, Kerala, India | |
| Arihant Microfinance | ₹15.88 Lakh (FY 2024) | -20.0% | Jaipur, Rajasthan, India | |||
| Vinolia Chits Private Limited | ₹15.84 Lakh (FY 2024) | 18.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Kairasi Chits Private Limited | ₹15.84 Lakh (FY 2025) | 9.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Skas Chits Private Limited | ₹15.69 Lakh (FY 2023) | 4.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Mala Chitman Nidhi Limited, buy the company report.
Auditor
Mala Chitman Nidhi Limited is audited by UNNIKRISHNAN & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UNNIKRISHNAN & CO | FY 2017 | 004460S |
Shareholding
The shareholding of Mala Chitman 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 Mala Chitman Nidhi Limited, buy the company report.
Legal cases
Mala Chitman Nidhi Limited has 15 court cases on record: 15 filed by Mala Chitman Nidhi. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 0 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Civil suit | Filed by the company against individuals | Disposed |
| District court, Thrissur, Kerala | Civil suit | Filed by the company against individuals | Disposed |
| District court, Thrissur, Kerala | Civil suit | Filed by the company against individuals | Disposed |
| District court, Thrissur, Kerala | Civil suit | Filed by the company against individuals | Disposed |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against individuals | Disposed |
To see the full case history of Mala Chitman 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 Mala Chitman 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 Mala Chitman Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mala Chitman Nidhi Limited has 14 board changes on record since 2016: 7 appointments and 7 cessations. The latest: Thekkumthala Abhilash Dharmadas was appointed as Director on 25 Sep 2024.
5 earlier events are in the company report.
Frequently asked questions
Mala Chitman Nidhi is an active nidhi company based in Thrissur, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 01 September 2016 (10+ years old) and is registered under CIN U65929KL2016PLC046711.
Mala Chitman Nidhi has 7 current directors:
- Biju Nedumpuram Devassykutty - Managing Director
- Jeejo Pazhayattil Ouseph - Director
- Unnikrishnan Kongassery - Director
- Santhosh Thekkedath Vasu - Director
- Thekkumthala Abhilash Dharmadas - Director
- Austine Payyappilly - Director
- Parekkadan Paulose Jos - Director
The latest financial statements of Mala Chitman Nidhi on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Mala Chitman Nidhi is U65929KL2016PLC046711. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mala Chitman Nidhi has 15 court cases on record: 15 filed by the company.
Mala Chitman Nidhi was incorporated on 01 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Mala Chitman Nidhi by revenue are Divyalaxmi Chits Private Limited, Brahma Kuries Private Limited, Milan Kuries Private Limited, Sri Madhulekha Chit Fund Private Limited, Arihant Microfinance and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Thekkumthala Abhilash Dharmadas was appointed as Director on 25 Sep 2024. Xavier Kodiyan Devassy ceased to be Director on 25 Sep 2024. Tino Jose Edattukaran ceased to be Director on 26 Dec 2023. Mala Chitman Nidhi has 14 board changes on record in total.
The registered office of Mala Chitman Nidhi is at Xvii864 A Opposite Private Bus Stand Mala, Thrissur, Kerala, India – 680732.
Mala Chitman Nidhi operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Mala Chitman Nidhi is compliant as of 17 July 2026. The company is actively filing with the Registrar of Companies.
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