Muziris Nidhi Limited
About Muziris Nidhi Limited
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Muziris Nidhi Limited is a nidhi company based in Thrissur, Kerala, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 14 August 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65999KL2018PLC054334.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹61.94 Lakh. It is led by directors including James Itty Mathew Pudusserykattalan and Kandengattil Sadhanandan Sangeetha.
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 51/847 Ayyanthole Kanjani Road, Thrissur, Kerala, India – 680003.
As per the financials filed for FY 2023, the company reported a revenue of ₹44.22 Lakh, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹96.98 Lakh (net margin -219.3%) and EBITDA of -₹34.44 Lakh (EBITDA margin -77.9%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
Court records list 35 cases involving the company, including 33 filed by the company and 2 filed against it; 14 cases are pending.
Company details
Contact details
Muziris Nidhi Limited's registered office is in Thrissur, Kerala.
- Registered Address51/847 Ayyanthole Kanjani Road, Thrissur, Kerala, India – 680003
- 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
Business activity
The main business activity of Muziris 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 Muziris Nidhi Limited, buy the company report.
Financials of Muziris Nidhi Limited
FY 2023 filings availableMuziris Nidhi Limited reported revenue of ₹44.22 Lakh (down 26% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years, including a 26% fall in the latest year. EBITDA fell 418% 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 | FY 2018-19 |
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| EBITDA | -₹34.44 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹96.98 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -77.9% | ||||
| Net Profit Margin | -219.3% | ||||
| 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 Muziris Nidhi Limited, buy the company report.
Board of directors of Muziris Nidhi Limited
Muziris Nidhi has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| James Itty Mathew Pudusserykattalan | Director | 18 Mar 2019 | 7 Years 7 Months | Current |
| Kandengattil Sadhanandan Sangeetha Also directs: Srishty More Consultancy Services Private Limited | Director | 14 Aug 2018 | 8 Years 2 Months | Current |
| Sujatha Venugopalan Sujatha Venugopalan | Director | 01 Nov 2018 | 8 Years 0 Months | Current |
| Milan Chittezhath Gopinath | Director | 01 Nov 2018 | 8 Years 0 Months | Current |
Peer comparison
Muziris 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 |
|---|---|---|---|---|---|---|
| Payyanad Nidhi Limited | ₹44.29 Lakh (FY 2025) | 19.0% | Payyoli, Kerala, India | |||
| Dhanlakshmi Vyapaar Private Limited | ₹44.28 Lakh (FY 2021) | -66.0% | Kolkata, West Bengal, India | |||
| Tyagi Portfolio Management Private Limited | ₹44.28 Lakh (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Chinmay Chits (Belgaum) Private Limited | ₹44.24 Lakh (FY 2018) | -10.0% | Belgaum, Karnataka, India | |||
| P S S Leasing Private Limited | ₹44.23 Lakh (FY 2024) | 52.0% | Nagpur, Maharashtra, India | |||
| Muziris Nidhi Limitedthis company | ₹44.22 Lakh (FY 2023) | -₹96.98 Lakh | -219.3% | -26.0% | Thrissur, Kerala, India | |
| Valar Gokulam Nidhi Limited | ₹44.22 Lakh (FY 2024) | -47.0% | Tuticorin, Tamil Nadu, India | |||
| Alert Pay Solutions Private Limited | ₹44.21 Lakh (FY 2022) | Zirakpur, Punjab, India | ||||
| Vellara Nidhi Limited | ₹44.21 Lakh (FY 2025) | 36.0% | Thrissur, Kerala, India | |||
| Smoothpe Digital Private Limited | ₹44.16 Lakh (FY 2024) | -57.0% | Pune, Maharashtra, India | |||
| Khushaal Finance Private Limited | ₹44.15 Lakh (FY 2025) | -67.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Muziris Nidhi Limited, buy the company report.
Legal cases
Muziris Nidhi Limited has 35 court cases on record: 33 filed by Muziris Nidhi, 2 filed against it. 14 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 2 | 14 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Civil suit | Filed against the company by an individual | Pending |
| District court, Thrissur, Kerala | Civil suit | Filed against the company by an individual | Pending |
| District court, Thrissur, Kerala | Civil suit | Filed by the company against individuals | Pending |
| District court, Thrissur, Kerala | Civil suit | Filed by the company against individuals | Pending |
| District court, Thrissur, Kerala | Civil suit | Filed by the company against individuals | Pending |
To see the full case history of Muziris 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 Muziris 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 Muziris Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Muziris Nidhi Limited has 11 board changes on record since 2018: 4 appointments and 7 cessations. The latest: Jaya Davis Kadambattuparambil ceased to be Director on 28 Nov 2022.
2 earlier events are in the company report.
Frequently asked questions
Muziris Nidhi is an active nidhi company based in Thrissur, Kerala, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 14 August 2018 (8+ years old) and is registered under CIN U65999KL2018PLC054334.
Muziris Nidhi has 4 current directors:
- James Itty Mathew Pudusserykattalan - Director
- Kandengattil Sadhanandan Sangeetha - Director
- Sujatha Venugopalan Sujatha Venugopalan - Director
- Milan Chittezhath Gopinath - Director
The latest financial statements of Muziris 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 2019 are in the company report.
The CIN (Corporate Identification Number) of Muziris Nidhi is U65999KL2018PLC054334. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Muziris Nidhi has 35 court cases on record: 33 filed by the company and 2 filed against it. 14 are pending. Most are in the district courts.
Muziris Nidhi was incorporated on 14 August 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Muziris Nidhi by revenue are Payyanad Nidhi Limited, Dhanlakshmi Vyapaar Private Limited, Tyagi Portfolio Management Private Limited, Chinmay Chits (Belgaum) Private Limited, P S S Leasing Private Limited and 5 more, all in the same principal business activity (other financial activities).
Jaya Davis Kadambattuparambil ceased to be Director on 28 Nov 2022. Sudheer Shankarankutty Marar ceased to be Director on 08 Jul 2022. Shanoj Vadakkumchery Balakrishnan ceased to be Director on 10 Sep 2021. Muziris Nidhi has 11 board changes on record in total.
The registered office of Muziris Nidhi is at 51847 Ayyanthole Kanjani Road, Thrissur, Kerala, India – 680003.
Muziris Nidhi operates in the financial services industry, in the other financial intermediation segment.
Muziris Nidhi can be reached at its registered office: 51847 Ayyanthole Kanjani Road, Thrissur, Kerala, India – 680003.
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