Westar Nidhi Limited
About Westar Nidhi Limited
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Westar Nidhi Limited is a nidhi company based in Thrissur, Kerala, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 02 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65999KL2017PLC047689.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹43.4 Lakh. It is led by directors including Arimboor Chacku Alexander (Managing Director) and Joseph Ignatious Thanikkal.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Thrissur, Kerala.
As per the financials filed for FY 2025, the company reported a revenue of ₹76.06 Lakh, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹16.47 Lakh (net margin 21.7%) and EBITDA of ₹60.5 Lakh (EBITDA margin 79.5%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 1% over five years.
Court records list 17 cases involving the company, including 17 filed by the company; 4 cases are pending. The company has 2 deals on record (2 rights issues); the latest was in April 2018. Its 10 peer companies in the same principal business activity (other financial activities) are compared by revenue, 5 larger and 5 smaller; the largest is SNS Commodities & Trading Private Limited with revenue of ₹76.21 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Westar Nidhi Limited's registered office is in Thrissur, Kerala.
- Registered AddressDoor No.7/451/D Western Building, Ground Floor Kanjany P O, Thrissur, Kerala, India – 680612
- 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 Westar 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 Westar Nidhi Limited, buy the company report.
Financials of Westar Nidhi Limited
FY 2025 filings availableWestar Nidhi Limited reported revenue of ₹76.06 Lakh (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 10% fall in the latest year. EBITDA fell 11% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹60.5 Lakh | ||||
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| Net Profit (PAT) | ₹16.47 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 79.5% | ||||
| Net Profit Margin | 21.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Westar Nidhi Limited, buy the company report.
Board of directors of Westar Nidhi Limited
Westar Nidhi has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joseph Ignatious Thanikkal | Director | 30 Sep 2023 | 3 Years 1 Months | Current |
| Francis Kunnamkudath Antony | Director | 02 Jan 2017 | 9 Years 10 Months | Current |
| Annie Neelankavil Antony | Director | 28 Oct 2020 | 6 Years 0 Months | Current |
| Arogyaswamy Porathur Peter | Director | 28 Oct 2020 | 6 Years 0 Months | Current |
| Anthoni Thanikkalchalisseri Varghese | Director | 02 Jan 2017 | 9 Years 10 Months | Current |
| Arimboor Chacku Alexander Also directs: Westar Kuries Private Limited, Westar Chits (Kanjani) Private Limited, Western Loans and Real Estates Pvt Ltd and 1 more | Managing Director | 02 Jan 2017 | 9 Years 10 Months | Current |
Peer comparison
Westar 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 |
|---|---|---|---|---|---|---|
| SNS Commodities & Trading Private Limited | ₹76.21 Lakh (FY 2017) | -21.0% | Mumbai, Maharashtra, India | |||
| Stocklife Asset Private Limited | ₹76.2 Lakh (FY 2025) | -48.0% | Dewas, Madhya Pradesh, India | |||
| Pankajraj Chits Kovai Private Limited | ₹76.17 Lakh (FY 2024) | 8.0% | Coimbatore, Tamil Nadu, India | |||
| Tradewell Capfin Private Limited | ₹76.08 Lakh (FY 2025) | 20.0% | Hyderabad, Telangana, India | |||
| Elgin Investments and Trading Co.Ltd. | ₹76.07 Lakh (FY 2024) | 32.0% | Road Calcutta, West Bengal, India | |||
| Westar Nidhi Limitedthis company | ₹76.06 Lakh (FY 2025) | ₹16.47 Lakh | 21.7% | -10.0% | Thrissur, Kerala, India | |
| Gharana Tieup Private Limited | ₹76.06 Lakh (FY 2025) | 55.0% | Kolkata, West Bengal, India | |||
| Everblue Travin Pvt. Ltd. | ₹76.04 Lakh (FY 2025) | -66.0% | Jharsuguda, Odisha, India | |||
| Esbee Holdings Pvt Ltd | ₹75.98 Lakh (FY 2024) | 42.0% | Hyderabad, Telangana, India | |||
| Greenchip Trexim Pvt Ltd | ₹75.9 Lakh (FY 2025) | 23.0% | Kolkata, West Bengal, India | |||
| JRS Finvest Private Limited | ₹75.88 Lakh (FY 2024) | 363.0% | New Delhi, Delhi, India |
To see the full peer comparison of Westar Nidhi Limited, buy the company report.
Deals & funding
Westar Nidhi Limited has 2 deals on record (2 rights issues); the latest was in April 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2018 | Rights issue | ₹11.2 Lakh | Investors: Others-Westar Nidhi Limited, 3 individuals |
| Jun 2017 | Rights issue | ₹11.2 Lakh | Investors: Others-Westar Nidhi Limited, 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Westar Nidhi Limited has 17 court cases on record: 17 filed by Westar Nidhi. 4 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 0 | 4 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Execution petition | Filed by the company against Gopi | Pending |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of Westar 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 Westar 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 Westar Nidhi Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Westar Nidhi Limited has 13 board changes on record since 2017: 6 appointments and 7 cessations. The latest: Arimboor Chacku Alexander ceased to be Director on 30 Jul 2024.
4 earlier events are in the company report.
Frequently asked questions
Westar Nidhi is an active nidhi company based in Thrissur, Kerala, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 02 January 2017 (9+ years old) and is registered under CIN U65999KL2017PLC047689.
Westar Nidhi has 6 current directors:
- Arimboor Chacku Alexander - Managing Director
- Joseph Ignatious Thanikkal - Director
- Francis Kunnamkudath Antony - Director
- Annie Neelankavil Antony - Director
- Arogyaswamy Porathur Peter - Director
- Anthoni Thanikkalchalisseri Varghese - Director
The latest financial statements of Westar Nidhi on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Westar Nidhi is U65999KL2017PLC047689. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Westar Nidhi has 17 court cases on record: 17 filed by the company. 4 are pending. Most are in the district courts.
Westar Nidhi was incorporated on 02 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ernakulam.
Westar Nidhi has 2 deals on record (2 rights issues); the latest was in April 2018.
The peers of Westar Nidhi by revenue are SNS Commodities & Trading Private Limited, Stocklife Asset Private Limited, Pankajraj Chits Kovai Private Limited, Tradewell Capfin Private Limited, Elgin Investments and Trading Co.Ltd. and 5 more, all in the same principal business activity (other financial activities).
Arimboor Chacku Alexander ceased to be Director on 30 Jul 2024. Jose Thanikkalchalissery Varunny ceased to be Director on 30 Sep 2023. Joseph Ignatious Thanikkal was appointed as Director on 30 Sep 2023. Westar Nidhi has 13 board changes on record in total.
The registered office of Westar Nidhi is at Door No.7451D Western Building, Ground Floor Kanjany P O, Thrissur, Kerala, India – 680612.
Westar Nidhi operates in the financial services industry, in the other financial intermediation segment.
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