About Pragati Nidhi Limited
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Pragati Nidhi Limited is a nidhi company based in Noida, Uttar Pradesh, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 04 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U65923UP2014PLC067390. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.1 Cr and a paid-up capital of ₹1.01 Cr. It is led by directors including Dev Raj and Pushpendra Kumar.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Shanti Complex Indra Market Sector 27, Noida, Uttar Pradesh, India – 201301.
As per the financials filed for FY 2020, the company reported a revenue of ₹9.54 Lakh, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹2.02 Lakh (net margin -21.2%) and EBITDA of ₹7.79 Lakh (EBITDA margin 81.6%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 270% over five years.
Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website pragatinidhi.com.
Company details
Contact details
Pragati Nidhi Limited's registered office is in Noida, Uttar Pradesh. Its website is pragatinidhi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShanti Complex Indra Market Sector 27, Noida, Uttar Pradesh, India – 201301
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Pragati Nidhi 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 Pragati 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 Pragati Nidhi Limited, buy the company report.
Financials of Pragati Nidhi Limited
FY 2020 filings availablePragati Nidhi Limited reported revenue of ₹9.54 Lakh (down 50% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 50% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 270%. EBITDA fell 33% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹7.79 Lakh | ||||
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| Net Profit (PAT) | -₹2.02 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | |||||
| EBITDA Margin | 81.6% | ||||
| Net Profit Margin | -21.2% | ||||
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To see the full financial statements and ratios of Pragati Nidhi Limited, buy the company report.
Board of directors of Pragati Nidhi Limited
Pragati Nidhi has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dev Raj | Director | 04 Dec 2014 | 11 Years 10 Months | Current |
| Pushpendra Kumar | Director | 04 Dec 2014 | 11 Years 10 Months | Current |
| Satendra Singh Also directs: Pragatipariwar Nidhi Limited | Director | 04 Dec 2014 | 11 Years 10 Months | Current |
Peer comparison
Pragati Nidhi Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Micro Finance), with 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 |
|---|---|---|---|---|---|---|
| V L Chits Fund Private Limited | ₹9.68 Lakh (FY 2025) | 33.0% | Gorakhpur, Uttar Pradesh, India | |||
| G. God Father Chit Fund Private Limited | ₹9.67 Lakh (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Moneygarden Kuries Private Limited | ₹9.67 Lakh (FY 2025) | 44.0% | Irinjalakuda, Kerala, India | |||
| Miryalguda Chitfunds Private Limited | ₹9.61 Lakh (FY 2025) | -12.0% | Miryalguda, Telangana, India | |||
| Pragati Nidhi Limitedthis company | ₹9.54 Lakh (FY 2020) | -₹2.02 Lakh | -21.2% | -50.0% | Noida, Uttar Pradesh, India | |
| Credit Kings Nidhi Limited | ₹9.53 Lakh (FY 2023) | 54.0% | Jaipur, Rajasthan, India | |||
| Chamakura Chitfunds Private Limited | ₹9.47 Lakh (FY 2022) | 34.0% | Medipally, Telangana, India | |||
| Sarvadhaaram Nidhi Limited | ₹9.47 Lakh (FY 2025) | 14.0% | Lucknow, Uttar Pradesh, India | |||
| Belaku Chits Private Limited | ₹9.45 Lakh (FY 2022) | -31.0% | Chamundi Puram, Mysore, Karnataka, India |
To see the full peer comparison of Pragati Nidhi Limited, buy the company report.
Auditor
Pragati Nidhi Limited is audited by NAVEEN JHA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAVEEN JHA & ASSOCIATES | FY 2017 | 143471W |
Shareholding
The shareholding of Pragati Nidhi 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 Pragati Nidhi Limited, buy the company report.
Legal cases
Pragati Nidhi Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Civil suit | Filed against the company by Icici Bank | Disposed |
To see the full case history of Pragati 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 Pragati Nidhi Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pragati Nidhi has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Pragati Nidhi Limited, buy the company report.
Recent activity
Pragati Nidhi Limited has 4 board changes on record since 2014: 3 appointments and 1 cessation. The latest: Narender Kumar ceased to be Director on 14 Dec 2017.
Frequently asked questions
Pragati Nidhi is an active nidhi company based in Noida, Uttar Pradesh, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 04 December 2014 (12+ years old) and is registered under CIN U65923UP2014PLC067390.
Pragati Nidhi has 3 current directors:
- Dev Raj - Director
- Pushpendra Kumar - Director
- Satendra Singh - Director
The latest financial statements of Pragati Nidhi on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
No. Pragati Nidhi has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Pragati Nidhi is U65923UP2014PLC067390. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragati Nidhi has 1 court case on record: 1 filed against it.
Pragati Nidhi was incorporated on 04 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Pragati Nidhi by revenue are V L Chits Fund Private Limited, G. God Father Chit Fund Private Limited, Moneygarden Kuries Private Limited, Miryalguda Chitfunds Private Limited, Credit Kings Nidhi Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Narender Kumar ceased to be Director on 14 Dec 2017. Dev Raj was appointed as Director on 04 Dec 2014. Pushpendra Kumar was appointed as Director on 04 Dec 2014. Pragati Nidhi has 4 board changes on record in total.
Pragati Nidhi can be reached through the website pragatinidhi.com. Its registered office is in Noida, Uttar Pradesh, India.
The registered office of Pragati Nidhi is at Shanti Complex Indra Market Sector 27, Noida, Uttar Pradesh, India – 201301.