Nidhinirav Developers Private Limited
About Nidhinirav Developers Private Limited
Data last updated:
Nidhinirav Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the financial brokerage segment of the financial services sector. It was incorporated on 17 June 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1998PTC115381.
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹25.87 Lakh. It is led by directors Kirti Kantilal Shah and Parag Ramniklal Shah.
Its last annual general meeting (AGM) was held on 15 May 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bldg – F Flat 50 – 3 Manish Parkpump House Andheri East, Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2026, the company reported a revenue of ₹5.01 Lakh, a growth of 109% compared to the previous year. For the same year it recorded a net profit of ₹3,956 (net margin 0.8%) and EBITDA of ₹5,287 (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 38% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Nidhinirav Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBldg – F Flat 50 – 3 Manish Parkpump House Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Financial Brokerage, Advisory, Consultancy
To see the full contact details of Nidhinirav Developers Private 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 Nidhinirav Developers is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Nidhinirav Developers Private Limited, buy the company report.
Financials of Nidhinirav Developers Private Limited
FY 2025 filings availableNidhinirav Developers Private Limited reported revenue of ₹5.01 Lakh (up 109% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 38% over five years, including 109% growth in the latest year. EBITDA fell 27% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5,287 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3,956 | ||||
| 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | 0.8% | ||||
| 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 Nidhinirav Developers Private Limited, buy the company report.
Board of directors of Nidhinirav Developers Private Limited
Nidhinirav Developers has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kirti Kantilal Shah Also directs: Cooltech Cooling Equipments Private Limited, Gunjan Realtors Private Limited, Ruparel Realtors Private Limited and 5 more | Director | 15 May 2020 | 6 Years 5 Months | Current |
| Parag Ramniklal Shah Also directs: Cooltech Cooling Equipments Private Limited, Gunjan Realtors Private Limited, Ruparel Realtors Private Limited and 5 more | Director | 15 May 2020 | 6 Years 5 Months | Current |
Peer comparison
Nidhinirav Developers Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nidhinirav Developers Private Limitedthis company | ₹5.01 Lakh (FY 2026) | ₹3,956 | 0.8% | 109.0% | Mumbai, Maharashtra, India | |
| Koireng and Sons Consultancy Services Private Limited | ₹2.42 Lakh (FY 2023) | Imphal, Manipur, India | ||||
| Copperpix Technologies Private Limited | ₹2.42 Lakh (FY 2017) | 37.0% | Ghaziabad, Uttar Pradesh, India | |||
| Aps Energy Private Limited | ₹2.41 Lakh (FY 2025) | 5.0% | Kolkata, West Bengal, India | |||
| Diya Ventures Design Solutions (India) Private Limited | ₹2.4 Lakh (FY 2025) | -62.0% | Panchkula, Haryana, India | |||
| SMP Fincap Business Support Services Private Limited | ₹2.4 Lakh (FY 2025) | 31.0% | Delhi, India | |||
| Rajgiri Finstock Pvt Ltd | ₹2.4 Lakh (FY 2017) | -40.0% | Ahmedabad, Gujarat, India | |||
| SRP Wiretech Private Limited | ₹2.39 Lakh (FY 2018) | 56.0% | New Delhi, Delhi, India | |||
| Credential Stock Brokers Limited | ₹2.39 Lakh (FY 2020) | -91.0% | New Delhi, Delhi, India | |||
| Mangal Advisors Private Limited | ₹2.39 Lakh (FY 2016) | -19.0% | New Delhi, Delhi, India | |||
| Max One Distribution and Services Limited | ₹2.39 Lakh (FY 2019) | -88.0% | New Delhi, Delhi, India |
To see the full peer comparison of Nidhinirav Developers Private Limited, buy the company report.
Auditor
Nidhinirav Developers Private Limited is audited by H. K. SHAH & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H. K. SHAH & ASSOCIATES | FY 2018 | 035072 |
Shareholding
The shareholding of Nidhinirav Developers Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nidhinirav Developers Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Nidhinirav Developers Private 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 Nidhinirav Developers Private 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 Nidhinirav Developers Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Nidhinirav Developers Private Limited has 8 board changes on record since 2011: 2 appointments and 6 cessations. The latest: Daksha Haresh Shah ceased to be Director on 02 Jun 2020.
Frequently asked questions
Nidhinirav Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in financial brokerage, within the financial services industry. It was incorporated on 17 June 1998 (28+ years old) and is registered under CIN U45200MH1998PTC115381.
Nidhinirav Developers has 2 current directors:
- Kirti Kantilal Shah - Director
- Parag Ramniklal Shah - Director
The latest financial statements of Nidhinirav Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 May 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nidhinirav Developers is U45200MH1998PTC115381. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nidhinirav Developers was incorporated on 17 June 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Nidhinirav Developers by revenue are Koireng and Sons Consultancy Services Private Limited, Copperpix Technologies Private Limited, Aps Energy Private Limited, Diya Ventures Design Solutions (India) Private Limited, SMP Fincap Business Support Services Private Limited and 5 more, all in the same principal business activity (financial advisory, brokerage and consultancy services).
Daksha Haresh Shah ceased to be Director on 02 Jun 2020. Nidhi Haresh Shah ceased to be Director on 02 Jun 2020. Kirti Kantilal Shah was appointed as Director on 15 May 2020. Nidhinirav Developers has 8 board changes on record in total.
The registered office of Nidhinirav Developers is at Bldg – F Flat 50 – 3 Manish Parkpump House Andheri East, Mumbai, Maharashtra, India – 400093.
Nidhinirav Developers operates in the financial services industry, in the financial brokerage segment.
The compliance status of Nidhinirav Developers is compliant as of 10 August 2026. The company is actively filing with the Registrar of Companies.
Nidhinirav Developers can be reached at its registered office: Bldg – F Flat 50 – 3 Manish Parkpump House Andheri East, Mumbai, Maharashtra, India – 400093.