Vconnect Nidhi Limited
About Vconnect Nidhi Limited
Data last updated:
Vconnect Nidhi Limited is a nidhi company based in Hosur, Tamil Nadu, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 26 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65990TZ2018PLC031162.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹24.69 Lakh. It is led by directors including Shanthi Dhanakodi and Jeyakumar Sudha.
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 Plot No 59 Door No 5/704 – 37 25th Street Kcc Nagar Bagalur Road, Hosur, Tamil Nadu, India – 635109.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.85 Lakh, a decline of 51% compared to the previous year. For the same year it recorded a net loss of ₹3.98 Lakh (net margin -139.3%) and EBITDA of -₹3.23 Lakh (EBITDA margin -113.1%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years.
Company details
Contact details
Vconnect Nidhi Limited's registered office is in Hosur, Tamil Nadu.
- Registered AddressPlot No 59 Door No 5/704 – 37 25th Street Kcc Nagar Bagalur Road, Hosur, Tamil Nadu, India – 635109
- 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
Business activity
The main business activity of Vconnect 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 Vconnect Nidhi Limited, buy the company report.
Financials of Vconnect Nidhi Limited
FY 2024 filings availableVconnect Nidhi Limited reported revenue of ₹2.85 Lakh (down 51% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 40% over three years, including a 51% fall in the latest year. EBITDA fell 257% 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 | FY 2019-20 |
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| EBITDA | -₹3.23 Lakh | ||||
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| Net Profit (PAT) | -₹3.98 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -113.1% | ||||
| Net Profit Margin | -139.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vconnect Nidhi Limited, buy the company report.
Board of directors of Vconnect Nidhi Limited
Vconnect Nidhi has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shanthi Dhanakodi | Director | 26 Oct 2018 | 8 Years 0 Months | Current |
| Jeyakumar Sudha | Director | 01 Mar 2023 | 3 Years 8 Months | Current |
| Gurusamy Jeyakumar Also directs: Szlato (OPC) Private Limited | Director | 26 Oct 2018 | 8 Years 0 Months | Current |
Peer comparison
Vconnect 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 |
|---|---|---|---|---|---|---|
| Dattasai Urban Nidhi Limited | ₹2.86 Lakh (FY 2025) | -49.0% | Beed, Maharashtra, India | |||
| R.S.R.Chit Fund Private Limited | ₹2.86 Lakh (FY 2018) | -52.0% | Chennai, Tamil Nadu, India | |||
| Sahyogi Suppliers Pvt Ltd | ₹2.86 Lakh (FY 2024) | -40.0% | Kolkata, West Bengal, India | |||
| NNVR Suraksha Services Private Limited | ₹2.86 Lakh (FY 2024) | 99.0% | Hyderabad, Telangana, India | |||
| Natraj Capital and Credit Private Limited | ₹2.86 Lakh (FY 2016) | -1.0% | New Delhi, Delhi, India | |||
| Vconnect Nidhi Limitedthis company | ₹2.85 Lakh (FY 2024) | -₹3.98 Lakh | -139.3% | -51.0% | Hosur, Tamil Nadu, India | |
| Ruchi Finance and Investment Private Limited | ₹2.85 Lakh (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Jssrk Micro Nidhi Limited | ₹2.85 Lakh (FY 2024) | -6.0% | Udaipurwati, Rajasthan, India | |||
| Fabus Consultants Private Limited | ₹2.85 Lakh (FY 2024) | -68.0% | Delhi, India | |||
| Ordnc 2024 000068 U66000or2019ptc030409 Private Limited | ₹2.85 Lakh (FY 2024) | 205.0% | Balasore, Odisha, India | |||
| Allied Merchants Pvt Ltd | ₹2.84 Lakh (FY 2025) | -4.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Vconnect Nidhi Limited, buy the company report.
Legal cases
No court or tribunal cases involving Vconnect 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 Vconnect 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 Vconnect Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vconnect Nidhi Limited has 6 board changes on record since 2018: 3 appointments and 3 cessations. The latest: Jeyakumar Sudha was appointed as Director on 01 Mar 2023.
Frequently asked questions
Vconnect Nidhi is an active nidhi company based in Hosur, Tamil Nadu, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 26 October 2018 (8+ years old) and is registered under CIN U65990TZ2018PLC031162.
Vconnect Nidhi has 3 current directors:
- Shanthi Dhanakodi - Director
- Jeyakumar Sudha - Director
- Gurusamy Jeyakumar - Director
The latest financial statements of Vconnect 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 2019 are in the company report.
The CIN (Corporate Identification Number) of Vconnect Nidhi is U65990TZ2018PLC031162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vconnect Nidhi was incorporated on 26 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Vconnect Nidhi by revenue are Dattasai Urban Nidhi Limited, R.S.R.Chit Fund Private Limited, Sahyogi Suppliers Pvt Ltd, NNVR Suraksha Services Private Limited, Natraj Capital and Credit Private Limited and 5 more, all in the same principal business activity (other financial activities).
Jeyakumar Sudha was appointed as Director on 01 Mar 2023. Vijayakumar Nirmala ceased to be Director on 13 Jan 2022. Dhanakodi Dhanarani ceased to be Director on 26 Oct 2018. Vconnect Nidhi has 6 board changes on record in total.
The registered office of Vconnect Nidhi is at Plot No 59 Door No 5704 – 37 25th Street Kcc Nagar Bagalur Road, Hosur, Tamil Nadu, India – 635109.
Vconnect Nidhi operates in the financial services industry, in the other financial intermediation segment.
Vconnect Nidhi can be reached at its registered office: Plot No 59 Door No 5704 – 37 25th Street Kcc Nagar Bagalur Road, Hosur, Tamil Nadu, India – 635109.
Vconnect Nidhi is registered under the jurisdiction of the Registrar of Companies (ROC), Coimbatore.
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