Optimize Maximum Growth Nidhi Limited
About Optimize Maximum Growth Nidhi Limited
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Optimize Maximum Growth Nidhi Limited is a nidhi company based in Nagpur, Maharashtra, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 24 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U65999MH2019PLC325856.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.17 Lakh. It is led by directors including Avinash Wasudeo Khobragade and Yograj Waghmare Rustamji.
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 F No 202 Star Avenue Asso Misal Layout Jaripatka, Nagpur, Maharashtra, India – 440014.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.29 Lakh, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹2.26 Lakh (net margin -175.6%) and EBITDA of -₹2.02 Lakh (EBITDA margin -156.3%).
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- Registered AddressF No 202 Star Avenue Asso Misal Layout Jaripatka, Nagpur, Maharashtra, India – 440014
- 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
- One PDF report, delivered after checkout
Business Activity of Optimize Maximum Growth Nidhi Limited
The main business activity of Optimize Maximum Growth Nidhi is financial and insurance service. In detail, this covers banking activities by central, commercial and saving banks.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K1 | Banking activities by Central, Commercial and Saving banks | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Optimize Maximum Growth Nidhi Limited FY 2023 filings available
Optimize Maximum Growth Nidhi Limited reported revenue of ₹1.29 Lakh (down 1% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Optimize Maximum Growth Nidhi Limited
Revenue fell 1% in the latest year. EBITDA rose 1% 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 of Optimize Maximum Growth Nidhi Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| 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 | -₹2.02 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.26 Lakh | •••• | •••• | •••• |
| 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 of Optimize Maximum Growth Nidhi Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -156.3% | •••• | •••• | •••• |
| Net Profit Margin | -175.6% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Optimize Maximum Growth Nidhi are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Optimize Maximum Growth Nidhi Limited
Optimize Maximum Growth Nidhi Limited is compared with the companies closest to it by revenue in the same principal business activity (Banking activities by Central, Commercial and Saving banks). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mudrashi Nidhi Limited | •••• | •••• | •••• | •••• | - | Lucknow, Uttar Pradesh, India |
| SGC Consultants and Intermediates Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| JMT Financial Services Private Limited | •••• | •••• | •••• | •••• | - | Kottayam, Kerala, India |
| Quick Bucks Private Limited | •••• | •••• | •••• | •••• | - | Chandigarh, India |
| Jay Somnath Nidhi Limited | •••• | •••• | •••• | •••• | - | Mahuva, Gujarat, India |
| Optimize Maximum Growth Nidhi Limited this company | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
| U P Share Syndicate Private Limited | •••• | •••• | •••• | •••• | - | Kanpur, Uttar Pradesh, India |
| Acumens Urban India Nidhi Limited | •••• | •••• | •••• | •••• | - | Lucknow, Uttar Pradesh, India |
| Diamond Vintrade Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Sadbhawana Finser Consultancy Private Limited | •••• | •••• | •••• | •••• | - | Gorakhpur, Uttar Pradesh, India |
| Arthvriksha Nidhi Limited | •••• | •••• | •••• | •••• | - | Kolhapur, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Optimize Maximum Growth Nidhi by revenue in the same principal business activity (Banking activities by Central, Commercial and Saving banks), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of Optimize Maximum Growth Nidhi Limited
Optimize Maximum Growth Nidhi has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Wasudeo Khobragade | Director | 24 May 2019 | 7 Years 4 Months | Current |
| Yograj Waghmare Rustamji Also directs: NGP Agro Buildcon Private Limited | Director | 24 May 2019 | 7 Years 4 Months | Current |
| Rashtrapal Ramdas Vaidya | Director | 24 May 2019 | 7 Years 4 Months | Current |
| Dharmpal Shankar Wanjari | Director | 15 Jul 2022 | 4 Years 2 Months | Current |
| Digambar Kewalram Ramteke | Director | 15 Jul 2022 | 4 Years 2 Months | Current |
Charges & Borrowings of Optimize Maximum Growth Nidhi Limited
Optimize Maximum Growth Nidhi Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Optimize Maximum Growth Nidhi Limited
Employment history and EPFO contributions of people linked to Optimize Maximum Growth Nidhi.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Optimize Maximum Growth Nidhi Limited
Optimize Maximum Growth Nidhi Limited has 6 board changes on record since 2019: 5 appointments and 1 cessation. The latest: Ajay Arvind Khobragade ceased to be Director on 01 Mar 2023.
Credit Ratings, Litigation & Regulatory Alerts for Optimize Maximum Growth Nidhi Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Optimize Maximum Growth Nidhi Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Optimize Maximum Growth Nidhi Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Optimize Maximum Growth Nidhi Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Optimize Maximum Growth Nidhi Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Optimize Maximum Growth Nidhi Limited
Optimize Maximum Growth Nidhi is an active nidhi company based in Nagpur, Maharashtra, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 24 May 2019 (7+ years old) and is registered under CIN U65999MH2019PLC325856.
Optimize Maximum Growth Nidhi reported revenue of ₹1.29 Lakh for FY 2023 (down 1% YoY).
Optimize Maximum Growth Nidhi has 5 current directors:
- Avinash Wasudeo Khobragade - Director
- Yograj Waghmare Rustamji - Director
- Rashtrapal Ramdas Vaidya - Director
- Dharmpal Shankar Wanjari - Director
- Digambar Kewalram Ramteke - Director
Optimize Maximum Growth Nidhi reported a net loss of ₹2.26 Lakh (net margin -175.6%) and EBITDA of -₹2.02 Lakh (EBITDA margin -156.3%) for FY 2023, as per its filed financial statements.
The CIN (Corporate Identification Number) of Optimize Maximum Growth Nidhi is U65999MH2019PLC325856. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Optimize Maximum Growth Nidhi was incorporated on 24 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Nagpur.
The peers of Optimize Maximum Growth Nidhi by revenue are Mudrashi Nidhi Limited, SGC Consultants and Intermediates Private Limited, JMT Financial Services Private Limited, Quick Bucks Private Limited, Jay Somnath Nidhi Limited and 5 more, all in the same principal business activity (Banking activities by Central, Commercial and Saving banks).
Ajay Arvind Khobragade ceased to be Director on 01 Mar 2023. Dharmpal Shankar Wanjari was appointed as Director on 15 Jul 2022. Digambar Kewalram Ramteke was appointed as Director on 15 Jul 2022. Optimize Maximum Growth Nidhi has 6 board changes on record in total.
The registered office of Optimize Maximum Growth Nidhi is at F No 202 Star Avenue Asso Misal Layout Jaripatka, Nagpur, Maharashtra, India – 440014.
Optimize Maximum Growth Nidhi has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.17 Lakh.
Optimize Maximum Growth Nidhi operates in the financial services industry, in the other financial intermediation segment.