What we do Nidhi Granites Ltd, founded in 1981, transitioned from granite trading to financial securities and diversified into paper, garments, and fintech sectors via subsidiaries. |
Founded in 1,981 |
Market share Emerging player in securities trading and diversified sectors with focused presence through wholly owned subsidiaries. |
Problem solved Facilitates investment opportunities and diversified product offerings in trading, paper, garment manufacturing, and fintech sectors. |
Top clients or who we serve Serves investors and markets in securities trading; operates through subsidiaries in paper, garments, and fintech sectors for B2B clients. |
Key management Devan Pandya, Chairperson; Darpan Shah, Managing Director; Shreya Pandya and independent directors with strong oversight. |
Our journey and innovations Started in granite business, shifted focus to securities trading in 2024; expanded via subsidiaries in paper, garments, and fintech segments post-2021. |
Where we operate Primarily operates in India with subsidiaries focusing on regional markets in paper, garments, and fintech. |
Top products or what we offer Trading in securities; paper and paperboard products; garment manufacturing; fintech services via subsidiaries. |
Top brands SPNP Paper and Pack Pvt Ltd; Yug Fashion Garments Pvt Ltd; Auro Fintech Pvt Ltd wholly owned subsidiaries. |
Raw materials needed Raw materials depend on subsidiary operations: paper pulp for paperboard, textiles for garments, technology infrastructure for fintech. |
Raw materials supplier Supplier details vary across subsidiaries; standard sourcing from regional suppliers for paper and garment materials. |
Recurring vs cyclical contribution Revenue largely cyclical with increasing focus on recurring income from securities trading and fintech operations. |
Our industry position Growing presence in financial trading and diversified business sectors; stabilizing foothold in subsidiaries' markets. |
Financial highlights Standalone revenue INR 17.48 crore (FY 2024-25); consolidated revenue INR 4527.75 crore; net profit consolidated INR 1.92 crore. |
Geographical revenue split Revenue predominantly from Indian markets across subsidiaries; no international revenue disclosed. |
Order book - |
Whats driving growth Strategic acquisitions in fintech and garment sectors, focus on securities trading, improved financial management. |
Our future plans Expand fintech presence via Auro Fintech; enhance subsidiary operations in paper and garments; optimize securities trading business. |
Our green promise Committed to environmental compliance and safe operational practices across all business units. |
Our people and values Committed workforce with diversified skills across sectors; emphasis on governance, safety, and ethical reporting. |
Key challenges ahead Managing transition from traditional business; integrating subsidiaries; expanding market presence amid competitive sectors. |
Interesting facts Started as granite business in 1981, now owns subsidiaries in fintech and garment sectors, pivoting towards securities trading. |
Risks and strategy Risk mitigation via diversified businesses; focus on compliance, cost control, and strategic acquisitions. |
