Nidhi Securities Limited
About Nidhi Securities Limited
Data last updated:
Nidhi Securities Limited was a public limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Agl Infrastructure Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 08 August 1995.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U52341GJ1995PLC027016.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.97 Lakh. It was led by directors including Girishbhai Manilal Patel and Rajubhai Kalidasbhai Patel.
Its last annual general meeting (AGM) was held on 22 June 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at D – 62 Santossa Greenland Between Sceincecity Circle & Vaishnodevi Temple 200 Ft. Ring Road, Ahmedabad, Gujarat, India – 380060.
As per the financials filed for FY 2017, the company reported a revenue of ₹2.67 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.46 Cr (net margin -92%) and EBITDA of -₹2.45 Cr (EBITDA margin -91.9%).
As per MCA filings, the company had satisfied charges of ₹69.87 Cr on record.
Company details
CIN history
Nidhi Securities has one previous CIN (Corporate Identification Number): U45201GJ1995PLC027016. The current CIN is U52341GJ1995PLC027016, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52341GJ1995PLC027016 | Current |
| U45201GJ1995PLC027016 | Previous |
Contact details
Nidhi Securities Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD – 62 Santossa Greenland Between Sceincecity Circle & Vaishnodevi Temple 200 Ft. Ring Road, Ahmedabad, Gujarat, India – 380060
- IndustryFinancial Services, Financial Activities
To see the full contact details of Nidhi Securities 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 Nidhi Securities 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 Nidhi Securities Limited
FY 2017 filings availableNidhi Securities Limited reported revenue of ₹2.67 Cr (up 617922% YoY) for FY 2017.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹2.67 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹2.45 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹2.46 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -91.9% | ||
| Net Profit Margin | -92% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Nidhi Securities Limited, buy the company report.
Board of directors of Nidhi Securities Limited
Nidhi Securities has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girishbhai Manilal Patel | Director | 24 Jul 2008 | 18 Years 3 Months | As last reported |
| Rajubhai Kalidasbhai Patel | Director | 24 Jul 2008 | 18 Years 3 Months | As last reported |
| Bhupendrabhai Ramjibhai Patel Also directs: Adicon Ceramica Tiles Private Limited | Director | 24 Jul 2008 | 18 Years 3 Months | As last reported |
Peer comparison
Nidhi Securities 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 |
|---|---|---|---|---|---|---|
| Wissen Business Solutions Private Limited | ₹2.67 Cr (FY 2025) | 40.0% | Pune, Maharashtra, India | |||
| P P Forex & Travel Services Private Limited | ₹2.67 Cr (FY 2019) | -31.0% | Delhi, India | |||
| Samagra Wealthmax Private Limited | ₹2.67 Cr (FY 2025) | -53.0% | Mumbai, Maharashtra, India | |||
| Shatakshi Mudra Investment Pvt Ltd | ₹2.67 Cr (FY 2025) | 16.0% | Kolkata, West Bengal, India | |||
| Rajah Poornima Chit Funds Private Limited | ₹2.67 Cr (FY 2025) | 48.0% | Karur, Tamil Nadu, India | |||
| Nidhi Securities Limitedthis company | ₹2.67 Cr (FY 2017) | -₹2.46 Cr | -92% | 617922.0% | Ahmedabad, Gujarat, India | |
| Arihant International Ltd | ₹2.67 Cr (FY 2025) | -73.0% | Guwahati, Assam, India | |||
| Cape Benefit Fund Limited | ₹2.66 Cr (FY 2025) | 30.0% | Nagercoil, Tamil Nadu, India | |||
| RR Kakatiya Chit Fund Private Limited | ₹2.66 Cr (FY 2022) | 120.0% | Hanamkonda, Telangana, India | |||
| Teamgm Investmart Private Limited | ₹2.66 Cr (FY 2025) | 61.0% | Agra, Uttar Pradesh, India | |||
| Indivar Properties Pvt Ltd | ₹2.66 Cr (FY 2025) | 38.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Nidhi Securities Limited, buy the company report.
Auditor
Nidhi Securities Limited is audited by MANAN RAJDEV & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANAN RAJDEV & CO. | FY 2017 | 135866W |
Shareholding
The shareholding of Nidhi Securities Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Nidhi Securities Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 May 2016 | 100048235 | Others | ₹25 Cr | Satisfied | |
| 27 Oct 2014 | 10537634 | Union Bank of India | ₹44.87 Cr | Satisfied |
To see the full charge records of Nidhi Securities Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Nidhi Securities 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 Nidhi Securities 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 Nidhi Securities Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Nidhi Securities Limited has 9 board changes on record since 2008: 3 appointments and 6 cessations. The latest: Jagdish Karunashankar Rawal ceased to be Managing Director on 30 Sep 2008.
4 earlier events are in the company report.
Frequently asked questions
Nidhi Securities has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Nidhi Securities was a public limited company based in Ahmedabad, Gujarat, India. The company worked in financial activities, within the financial services industry. It was incorporated on 08 August 1995 and is registered under CIN U52341GJ1995PLC027016. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Nidhi Securities was incorporated on 08 August 1995. It is registered with the Registrar of Companies, Ahmedabad.
Nidhi Securities had 3 directors:
- Girishbhai Manilal Patel - Director
- Rajubhai Kalidasbhai Patel - Director
- Bhupendrabhai Ramjibhai Patel - Director
The CIN (Corporate Identification Number) of Nidhi Securities is U52341GJ1995PLC027016. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Nidhi Securities is at D – 62 Santossa Greenland Between Sceincecity Circle & Vaishnodevi Temple 200 Ft. Ring Road, Ahmedabad, Gujarat, India – 380060.
The latest financial statements of Nidhi Securities on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 22 June 2017. Year-wise statements from 2015 are in the company report.
Nidhi Securities operated in the financial services industry, in the financial activities segment.
The peers of Nidhi Securities by revenue are Wissen Business Solutions Private Limited, P P Forex & Travel Services Private Limited, Samagra Wealthmax Private Limited, Shatakshi Mudra Investment Pvt Ltd, Rajah Poornima Chit Funds Private Limited and 5 more, all in the same principal business activity (other financial activities).
Jagdish Karunashankar Rawal ceased to be Managing Director on 30 Sep 2008. Dipesh Vinodbhai Paliwal ceased to be Director on 19 Sep 2008. Manish Vinodbhai Paliwal ceased to be Director on 19 Sep 2008. Nidhi Securities has 9 board changes on record in total.
Nidhi Securities has no open charges and satisfied charges of ₹69.87 Cr as per latest MCA filings.
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