Sriaadvik Nidhi Limited
About Sriaadvik Nidhi Limited
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Sriaadvik Nidhi Limited is a nidhi company based in Shimoga, Karnataka, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 09 August 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65929KA2018PLC115389.
The company has an authorised share capital of ₹11 Lakh and a paid-up capital of ₹10.04 Lakh. It is led by directors including Vanajakshamma and Girijamma.
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 Kanuru Kade Keri Shikaripura Town, Shimoga, Karnataka, India – 577427.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.21 Lakh, a decline of 51% compared to the previous year. For the same year it recorded a net loss of ₹2.48 Lakh (net margin -204.5%) and EBITDA of -₹2.22 Lakh (EBITDA margin -182.6%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years.
Company details
Contact details
Sriaadvik Nidhi Limited's registered office is in Shimoga, Karnataka.
- Registered AddressKanuru Kade Keri Shikaripura Town, Shimoga, Karnataka, India – 577427
- IndustryFinancial Services, Other Financial Intermediation, Pawn Shops, Credit Allocation Agencies
- 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 Sriaadvik 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 Sriaadvik Nidhi Limited, buy the company report.
Financials of Sriaadvik Nidhi Limited
FY 2022 filings availableSriaadvik Nidhi Limited reported revenue of ₹1.21 Lakh (down 51% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over three years, including a 51% fall in the latest year. EBITDA fell 75% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Expenses | ||||
| EBITDA | -₹2.22 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.48 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -182.6% | |||
| Net Profit Margin | -204.5% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Sriaadvik Nidhi Limited, buy the company report.
Board of directors of Sriaadvik Nidhi Limited
Sriaadvik Nidhi has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vanajakshamma | Additional Director | 23 Feb 2024 | 2 Years 8 Months | Current |
| Girijamma | Additional Director | 23 Feb 2024 | 2 Years 8 Months | Current |
| Shailaja | Additional Director | 23 Feb 2024 | 2 Years 8 Months | Current |
Peer comparison
Sriaadvik Nidhi Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Megastar Kuries and Loans Private Limited | ₹1.22 Lakh (FY 2016) | -79.0% | Thrichur, Kerala, India | |||
| Dhyeya Multipurpose Bhalwani Nidhi Limited | ₹1.22 Lakh (FY 2022) | Ahmednagar, Maharashtra, India | ||||
| Prabhudhan Microserv Association | ₹1.22 Lakh (FY 2024) | Jaipur, Rajasthan, India | ||||
| Barala Investment Finance Services Private Limited | ₹1.22 Lakh (FY 2022) | Chomu, Rajasthan, India | ||||
| Gautam Micro Foundation | ₹1.21 Lakh (FY 2025) | 95.0% | Hathras, Uttar Pradesh, India | |||
| Sriaadvik Nidhi Limitedthis company | ₹1.21 Lakh (FY 2022) | -₹2.48 Lakh | -204.5% | -51.0% | Shimoga, Karnataka, India | |
| Praise Kuries Private Limited | ₹1.21 Lakh (FY 2019) | -47.0% | Thrichur, Kerala, India | |||
| Sree Gadhaiya Finance and Overseas Limited | ₹1.21 Lakh (FY 2024) | -6.0% | Chennai, Tamil Nadu, India | |||
| KLS Mercantiles Pvt Ltd | ₹1.21 Lakh (FY 2024) | -42.0% | Kolkata, West Bengal, India | |||
| Poyali Chits Private Limited | ₹1.21 Lakh (FY 2024) | -7.0% | Muvattupuzha, Kerala, India | |||
| Jagdishpur Gramin Nidhi Limited | ₹1.21 Lakh (FY 2022) | Bhagalpur, Bihar, India |
To see the full peer comparison of Sriaadvik Nidhi Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sriaadvik Nidhi 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 Sriaadvik Nidhi 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 Sriaadvik Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sriaadvik Nidhi Limited has 8 board changes on record since 2018: 3 appointments and 5 cessations. The latest: Ambligola Ganeshappa Huchharaya ceased to be Director on 23 Feb 2024.
Frequently asked questions
Sriaadvik Nidhi is an active nidhi company based in Shimoga, Karnataka, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 09 August 2018 (8+ years old) and is registered under CIN U65929KA2018PLC115389.
Sriaadvik Nidhi has 3 current directors:
- Vanajakshamma - Additional Director
- Girijamma - Additional Director
- Shailaja - Additional Director
The latest financial statements of Sriaadvik Nidhi on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Sriaadvik Nidhi is U65929KA2018PLC115389. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sriaadvik Nidhi was incorporated on 09 August 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Sriaadvik Nidhi by revenue are Megastar Kuries and Loans Private Limited, Dhyeya Multipurpose Bhalwani Nidhi Limited, Prabhudhan Microserv Association, Barala Investment Finance Services Private Limited, Gautam Micro Foundation and 5 more, all in the same principal business activity (other financial activities).
Ambligola Ganeshappa Huchharaya ceased to be Director on 23 Feb 2024. Girijamma was appointed as Additional Director on 23 Feb 2024. Shailaja was appointed as Additional Director on 23 Feb 2024. Sriaadvik Nidhi has 8 board changes on record in total.
The registered office of Sriaadvik Nidhi is at Kanuru Kade Keri Shikaripura Town, Shimoga, Karnataka, India – 577427.
Sriaadvik Nidhi operates in the financial services industry, in the other financial intermediation segment.
Sriaadvik Nidhi can be reached at its registered office: Kanuru Kade Keri Shikaripura Town, Shimoga, Karnataka, India – 577427.
Sriaadvik Nidhi is registered under the jurisdiction of the Registrar of Companies (ROC), Bangalore.
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