About Nidhan Commercial Co Ltd
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Nidhan Commercial Co Ltd is a public limited company based in Thane, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 19 April 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L47523MH1982PLC453311. Its GSTIN is 19AAACN8970B1ZD (West Bengal). It is a listed company as per MCA records.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹29.84 Lakh. It is led by directors including Kapil Hiralal Jain (Managing Director) and Shital Rikhabchand Mutha.
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 Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.24 Lakh, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹9.08 Lakh (net margin -80.8%) and EBITDA of -₹9.08 Lakh (EBITDA margin -80.8%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nidhanltd.com.
Company details
CIN history
Nidhan Commercial Co has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L47523MH1982PLC453311, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L47523MH1982PLC453311 | Current |
| U36911WB1982PLC034794 | Previous |
| L47523WB1982PLC034794 | Previous |
| L36911WB1982PLC034794 | Previous |
Contact details
Nidhan Commercial Co Ltd's registered office is in Thane, Maharashtra.
- Registered AddressFarrow Complex B Wing Chs Ltd Shop No – 3 Bakul Street, Cecil Villa Cross Garden Road Bhayander, Thane, Maharashtra, India – 401101
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
- 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 Nidhan Commercial Co is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
Financials of Nidhan Commercial Co Ltd
FY 2025 filings availableNidhan Commercial Co Ltd reported revenue of ₹11.24 Lakh (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 167% 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 | -₹9.08 Lakh | ||||
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| Net Profit (PAT) | -₹9.08 Lakh | ||||
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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 | -80.8% | ||||
| Net Profit Margin | -80.8% | ||||
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To see the full financial statements and ratios of Nidhan Commercial Co Ltd, buy the company report.
Board of directors and KMP of Nidhan Commercial Co Ltd
Nidhan Commercial Co Ltd currently reports 4 directors and 1 key managerial person. 13 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shital Rikhabchand Mutha | Director | 14 Aug 2024 | 2 Years 2 Months | Current |
| Rajvirendra Singh Rajpurohit Also directs: Rajsaras Rajpurohit LLP, White Hall Commercial Company Limited, G-Tec Jainx Education Limited and 1 more | Director | 14 Aug 2024 | 2 Years 2 Months | Current |
| Amit Bharat Agrawal | Director | 14 Aug 2024 | 2 Years 2 Months | Current |
| Kapil Hiralal Jain | Managing Director | 14 Aug 2024 | 2 Years 2 Months | Current |
| Hiteshree Kapil Jain | Cfo | 14 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Nidhan Commercial Co Ltd is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Garg Zevar Palace Private Limited | ₹11.49 Lakh (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Uparkom Network Private Limited | ₹11.34 Lakh (FY 2021) | 41.0% | New Delhi, Delhi, India | |||
| Nidhan Commercial Co Ltdthis company | ₹11.24 Lakh (FY 2025) | -₹9.08 Lakh | -80.8% | -11.0% | Thane, Maharashtra, India | |
| Aishwarya Jewellers Private Limited | ₹11.09 Lakh (FY 2024) | 164.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Nidhan Commercial Co Ltd, buy the company report.
Legal cases
No court or tribunal cases involving Nidhan Commercial Co Ltd 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 Nidhan Commercial Co Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nidhan Commercial Co has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACN8970B1ZD | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nidhan Commercial Co Ltd, buy the company report.
Recent activity
Nidhan Commercial Co Ltd has 18 board changes on record since 2015: 5 appointments and 13 cessations. The latest: Amit Bharat Agrawal ceased to be Additional Director on 29 Sep 2024.
9 earlier events are in the company report.
Frequently asked questions
Nidhan Commercial Co is an active public limited company based in Thane, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 19 April 1982 (44+ years old) and is registered under CIN L47523MH1982PLC453311.
Nidhan Commercial Co has 5 current directors and KMP:
- Kapil Hiralal Jain - Managing Director
- Shital Rikhabchand Mutha - Director
- Rajvirendra Singh Rajpurohit - Director
- Amit Bharat Agrawal - Director
- Hiteshree Kapil Jain - Cfo
The latest financial statements of Nidhan Commercial Co 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 2015 are in the company report.
The GSTIN of Nidhan Commercial Co is 19AAACN8970B1ZD, registered in West Bengal.
The CIN (Corporate Identification Number) of Nidhan Commercial Co is L47523MH1982PLC453311. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Nidhan Commercial Co is a listed company as per MCA records.
Nidhan Commercial Co was incorporated on 19 April 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Nidhan Commercial Co by revenue are Garg Zevar Palace Private Limited, Uparkom Network Private Limited, Aishwarya Jewellers Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (retail trading).
Amit Bharat Agrawal ceased to be Additional Director on 29 Sep 2024. Hiteshree Kapil Jain ceased to be Additional Director on 29 Sep 2024. Kapil Hiralal Jain ceased to be Additional Director on 29 Sep 2024. Nidhan Commercial Co has 18 board changes on record in total.
Nidhan Commercial Co can be reached through the website nidhanltd.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Nidhan Commercial Co is at Farrow Complex B Wing Chs Ltd Shop No – 3 Bakul Street, Cecil Villa Cross Garden Road Bhayander, Thane, Maharashtra, India – 401101.
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