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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2024)
Investment Thesis
Nidhi Services Limited is a small, long-established financial services company operating in India's capital. Its four-decade history provides some comfort regarding operational continuity, but the lack of public disclosures, small scale, and unlisted status make it suitable only for investors who can conduct thorough due diligence through MCA filings and direct company engagement.
Pros
Cons
Business Segments
Financial Services / Intermediation
Other financial intermediation (NIC 65999); investment and financial services activities; North Delhi.
Revenue Model
Nidhi Services Limited generates revenue through investment income, including dividends, interest, and capital gains from its financial portfolio, as well as from fee-based financial services offered to clients. As a financial services entity, earnings are closely tied to market conditions and asset quality.
Detailed Analysis
Growth Plans
India's rising household savings channelling into financial products
Growing demand for advisory and investment services in Tier 1 cities like Delhi
Potential regulatory clarity for small financial service providers
Possible future listing to enhance capital raising and credibility
Industry Tailwinds
Recent Developments
India's NBFC and investment services sector continued to grow driven by rising household savings and financial inclusion initiatives, providing a positive operating environment for small financial services firms.
2024-01Comparable Companies
BAJFINANCE · ~4,20,000 Cr
Frequently Asked Questions
About Nidhi Services
Nidhi Services Limited is a Delhi-based financial services company incorporated in 1984, with CIN L65999DL1984PLC018077 registered with the Registrar of Companies, Delhi. The company's registered address is at 5/19 B, Roop Nagar, Delhi 110007. With over 40 years of operational history, Nidhi Services operates in India's financial services sector, classified under 'other financial activities' which may include investment advisory, financial intermediation, securities trading, and related financial services. The directors of Nidhi Services include Rajeev Shyam Shukla, Rewail Kadiyan, Ram Naresh Agarwal, Udit Agarwal, and Vijaya Lakshmi Iyengar -- a five-member board providing multi-stakeholder governance to this Delhi-based financial services entity. The company's 40-year history in Delhi's financial services ecosystem reflects continuity across multiple economic cycles in India's capital city. As a financial services company incorporated in 1984, Nidhi Services predates India's 1991 economic liberalisation, operating through the country's transition from a controlled economy to a market-oriented system. This longevity suggests established client relationships and operational resilience. Delhi's position as India's capital and a major commercial hub provides Nidhi Services with access to a diverse corporate, institutional, and high-net-worth client base. The company's classification under L65999DL suggests it is a listed entity or a company with listing history, further reinforcing its established standing in India's regulatory framework. With five directors providing diverse governance oversight, the company's management structure reflects a professionally governed financial services firm.
Key Milestones
Incorporated May 1, 1984 in Delhi (CIN: L65999DL1984PLC018077) — 41+ years old
Common questions about unlisted shares
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You accept the allocation
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Shares reach your demat
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A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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India's rising household savings channelling into financial products
Growing demand for advisory and investment services in Tier 1 cities like Delhi
Potential regulatory clarity for small financial service providers
Possible future listing to enhance capital raising and credibility
Industry Headwinds
Rising competition from digital wealth management platforms
Tightening RBI regulations for NBFCs and investment entities
Equity market downturns reducing investment income
Limited publicly available financial information
Source: Media Reports / Public Records
Small-scale financial services company faces structural competition from larger players
Source: AlphaHub Research
No publicly available website limits investor due diligence
Source: AlphaHub Research
Financial services companies in India are subject to oversight by RBI, SEBI, and MCA. Any tightening of regulations for NBFCs or investment companies could increase compliance costs.
Investment income is sensitive to equity and debt market volatility, which can significantly impact earnings.
Small operational scale limits competitive positioning against large listed NBFCs and financial conglomerates.
As an unlisted company, limited public disclosures make it difficult to assess financial health and governance quality.
Unlisted shares have very limited secondary market liquidity, making exit difficult for investors.
MUTHOOTFIN · ~65,000 Cr
SUNDARMFIN · ~30,000 Cr
Financial services company; authorized ₹4 Cr; paid-up ₹1.50 Cr; last AGM September 29, 2023
Registered at 5/19 B, Roop Nagar, Delhi 110007; website: nidhiservicesltd.com

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