Richmax Nidhi Limited
About Richmax Nidhi Limited
Data last updated:
Richmax Nidhi Limited is a nidhi company based in North Kalamassery, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 17 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65929KL2020PLN064446.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹31.24 Lakh. It is led by director Bibiana John.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at North Kalamassery, Kerala.
As per the financials filed for FY 2024, the company reported a revenue of ₹52.86 Lakh, a decline of 55% compared to the previous year. For the same year it recorded a net profit of ₹78,850 (net margin 1.5%) and EBITDA of ₹22.41 Lakh (EBITDA margin 42.4%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Richmax Nidhi Limited's registered office is in North Kalamassery, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address4 /465C Opposite Appollo Tyres Appollo Junctio, N, North Kalamassery, Kerala, India – 683104
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Richmax 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 Richmax 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 Richmax Nidhi Limited, buy the company report.
Financials of Richmax Nidhi Limited
FY 2024 filings availableRichmax Nidhi Limited reported revenue of ₹52.86 Lakh (down 55% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 55% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 39%. EBITDA fell 74% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹22.41 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹78,850 | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 42.4% | |||
| Net Profit Margin | 1.5% | |||
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To see the full financial statements and ratios of Richmax Nidhi Limited, buy the company report.
Board of directors of Richmax Nidhi Limited
Richmax Nidhi has 1 current director and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bibiana John | Director | 01 Jun 2022 | 4 Years 4 Months | Current |
Peer comparison
Richmax Nidhi Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Heewan Nidhi Limited | ₹53.9 Lakh (FY 2021) | -24.0% | Thrissur, Kerala, India | |||
| Vellore Mahalakshmi Nidhi Limited | ₹53.63 Lakh (FY 2025) | 29.0% | Vellore, Tamil Nadu, India | |||
| M A P Chit Funds Private Limited | ₹53.19 Lakh (FY 2025) | -9.0% | Coimbatore, Tamil Nadu, India | |||
| Richmax Nidhi Limitedthis company | ₹52.86 Lakh (FY 2024) | ₹78,850 | 1.5% | -55.0% | North Kalamassery, Kerala, India | |
| Kochykunnel Nidhi Limited | ₹52.77 Lakh (FY 2025) | -99.0% | Muvattupuzha, Kerala, India | |||
| Capital Chits India Private Limited | ₹52.75 Lakh (FY 2022) | -2.0% | Kurnool, Andhra Pradesh, India | |||
| Sri Akul Chits Private Limited | ₹52.32 Lakh (FY 2022) | -6.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Richmax Nidhi Limited, buy the company report.
Auditor
Richmax Nidhi Limited is audited by A G S V & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A G S V & ASSOCIATES | FY 2021 | 019546S |
Shareholding
The shareholding of Richmax Nidhi Limited is on record for FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Richmax Nidhi Limited, buy the company report.
Legal cases
Richmax Nidhi Limited has 1 court case on record: 1 filed by Richmax Nidhi. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against Union of India and 3 others | Disposed |
To see the full case history of Richmax 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 Richmax Nidhi Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Richmax Nidhi Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
No GST registration is on our record for Richmax Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Richmax Nidhi Limited has 9 board changes on record since 2021: 1 appointment and 8 cessations. The latest: Chennattu Mathew Jolly ceased to be Director on 15 Dec 2025.
Frequently asked questions
Richmax Nidhi is an active nidhi company based in North Kalamassery, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 17 September 2020 (6+ years old) and is registered under CIN U65929KL2020PLN064446.
Richmax Nidhi has 1 current director:
- Bibiana John - Director
The latest financial statements of Richmax Nidhi on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Richmax Nidhi is U65929KL2020PLN064446. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Richmax Nidhi has 1 court case on record: 1 filed by the company.
Richmax Nidhi was incorporated on 17 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Richmax Nidhi by revenue are Heewan Nidhi Limited, Vellore Mahalakshmi Nidhi Limited, M A P Chit Funds Private Limited, Kochykunnel Nidhi Limited, Capital Chits India Private Limited and 1 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Chennattu Mathew Jolly ceased to be Director on 15 Dec 2025. Praveen Babu Rajan ceased to be Additional Director on 29 Sep 2024. Minu Jose ceased to be Additional Director on 18 Jun 2023. Richmax Nidhi has 9 board changes on record in total.
The registered office of Richmax Nidhi is at 4 465C Opposite Appollo Tyres Appollo Junctio, N, North Kalamassery, Kerala, India – 683104.
Richmax Nidhi operates in the financial services industry, in the microfinance institutions segment.
Richmax Nidhi can be reached at its registered office: 4 465C Opposite Appollo Tyres Appollo Junctio, N, North Kalamassery, Kerala, India – 683104.