Promize Nidhi Limited
About Promize Nidhi Limited
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Promize Nidhi Limited is a nidhi company based in Ernakulam, Kerala, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 24 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65990KL2019PLN059727.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹12.76 Lakh. It is led by directors including Vidya Muringeliparambil Chandrasekharan (Managing Director) and Njarumpurath Kochitta Subrammannian.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Ernakulam, Kerala.
As per the financials filed for FY 2022, the company reported a revenue of ₹52,946, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.43 Lakh (net margin -459.3%) and EBITDA of -₹2.07 Lakh (EBITDA margin -391.3%).
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- Registered Address66/3523 Ground Floor Island Castle Chittoor Road Ywca Junctio, N, Ernakulam, Kerala, India – 682035
- 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 Promize Nidhi Limited
The main business activity of Promize Nidhi is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | 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 Promize Nidhi Limited FY 2022 filings available
Promize Nidhi Limited reported revenue of ₹52,946 (up 570% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Promize Nidhi Limited
Revenue rose 570% in the latest year. EBITDA fell 15% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Promize Nidhi Limited
| Metrics | 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 | -₹2.07 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.43 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 Promize Nidhi Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -391.3% | •••• | •••• |
| Net Profit Margin | -459.3% | •••• | •••• |
| 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 Promize 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 Promize Nidhi Limited
Promize Nidhi Limited is compared with the companies closest to it by revenue in the same principal business activity (Other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sanyal Development Consultants Private Limited | ₹53,066 (FY 2021) | •••• | •••• | -54.0% | •••• | Kolkata, West Bengal, India |
| Seven Emirates Nidhi Limited | ₹53,056 (FY 2021) | •••• | •••• | •••• | Una, Himachal Pradesh, India | |
| Panchvati Plantations Private Limited | ₹53,000 (FY 2025) | •••• | •••• | -62.0% | •••• | New Delhi, Delhi, India |
| Minus Zero Interactive Technologies Private Limited | ₹53,000 (FY 2025) | •••• | •••• | -93.0% | •••• | Panchkula, Haryana, India |
| Sashakt Jan Nidhi Limited | ₹52,987 (FY 2020) | •••• | •••• | •••• | Dehradun, Uttarakhand, India | |
| Promize Nidhi Limited this company | ₹52,946 (FY 2022) | •••• | •••• | 570.0% | •••• | Ernakulam, Kerala, India |
| Thard Properties Private Limited | ₹52,938 (FY 2025) | •••• | •••• | 10.0% | •••• | Kolkata, West Bengal, India |
| Bky Engicon Private Limited | ₹52,918 (FY 2024) | •••• | •••• | •••• | Supaul, Bihar, India | |
| Compact Foods P Ltd | ₹52,885 (FY 2025) | •••• | •••• | -100.0% | •••• | Mumbai, Maharashtra, India |
| Vichanda Investments Private Limited | ₹52,852 (FY 2025) | •••• | •••• | 5.0% | •••• | Ahmedabad, Gujarat, India |
| Gsri Lakshmi Thirumalaswamy Chits Fund Private Limited | ₹52,850 (FY 2022) | •••• | •••• | -64.0% | •••• | Hassan, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Promize Nidhi by revenue in the same principal business activity (Other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Promize Nidhi Limited
Promize Nidhi has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Njarumpurath Kochitta Subrammannian | Director | 24 Sep 2019 | 7 Years 0 Months | Current |
| Valsa | Director | 24 Sep 2019 | 7 Years 0 Months | Current |
| Vidya Muringeliparambil Chandrasekharan Also directs: Kessey Technologies Private Limited, Amigoes Agencies Private Limited, Hawms Equities Private Limited and 3 more | Managing Director | 24 Sep 2019 | 7 Years 0 Months | Current |
Charges & Borrowings of Promize Nidhi Limited
Promize Nidhi Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Promize Nidhi Limited
Employment history and EPFO contributions of people linked to Promize 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 Promize Nidhi Limited
Promize Nidhi Limited has 3 board changes on record since 2019: 3 appointments. The latest: Njarumpurath Kochitta Subrammannian was appointed as Director on 24 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Promize 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 Promize 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 Promize 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 Promize 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 Promize 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 Promize Nidhi Limited
Promize Nidhi is an active nidhi company based in Ernakulam, Kerala, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 24 September 2019 (7+ years old) and is registered under CIN U65990KL2019PLN059727.
Promize Nidhi reported revenue of ₹52,946 for FY 2022 (up 570% YoY).
Promize Nidhi has 3 current directors:
- Vidya Muringeliparambil Chandrasekharan - Managing Director
- Njarumpurath Kochitta Subrammannian - Director
- Valsa - Director
Promize Nidhi reported a net loss of ₹2.43 Lakh (net margin -459.3%) and EBITDA of -₹2.07 Lakh (EBITDA margin -391.3%) for FY 2022, as per its filed financial statements.
The CIN (Corporate Identification Number) of Promize Nidhi is U65990KL2019PLN059727. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Promize Nidhi was incorporated on 24 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Promize Nidhi by revenue are Sanyal Development Consultants Private Limited, Seven Emirates Nidhi Limited, Panchvati Plantations Private Limited, Minus Zero Interactive Technologies Private Limited, Sashakt Jan Nidhi Limited and 5 more, all in the same principal business activity (Other financial activities).
Njarumpurath Kochitta Subrammannian was appointed as Director on 24 Sep 2019. Valsa was appointed as Director on 24 Sep 2019. Vidya Muringeliparambil Chandrasekharan was appointed as Managing Director on 24 Sep 2019.
The registered office of Promize Nidhi is at 663523 Ground Floor Island Castle Chittoor Road Ywca Junctio, N, Ernakulam, Kerala, India – 682035.
Promize Nidhi has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹12.76 Lakh.
Promize Nidhi operates in the financial services industry, in the other financial intermediation segment.