Bharat Nidhi Limited was first established in 1942 as Bharat Bank Limited and carried out banking activities. Later in 1951, the company closed all its banking activities and changed its name to Bharat Nidhi Limited. The company then worked as a distributor of newspapers and periodicals in Delhi & NCR. But now, apart from the distribution of newspapers and periodicals, the company is also engaged in investing its surplus funds in debt-based mutual funds, banks, financial institutions' fixed deposits, and other safe avenues from time to time. The company holds a contract with Bennett Coleman and Company Limited to distribute its newspapers and magazines. Bharat Nidhi Limited is also a major shareholder of Bennett Coleman and Company Limited.
Since 2002 the company is also registered as an NBFC (Non-Banking Finance Company) with the Reserve Bank of India (RBI). However, in 2014, the company voluntarily made an effort to surrender its Certificate of Registration as NBFC.
The stock of Bharat Nidhi Limited was listed on the Calcutta Stock exchange, but later it delisted itself from the exchange by introducing a buyback offer. Now the company has been shifted to the Dissemination Board (DB) of the National Stock Exchange (NSE).
| Bharat Nidhi Outstanding Shares: | 2900661 |
| Face Value of Bharat Nidhi Unlisted Share: | Rs. 10 Per Equity Share |
| ISIN of Bharat Nidhi Unlisted Share: | INE286F01016 |
| Lot Size of Bharat Nidhi Unlisted Share: | 100 Shares |
| Bharat Nidhi Share Price: | Best in Industry |
| PAN Number of Bharat Nidhi: | AAACB0195J |
CIN of Bharat Nidhi |
U51396DL1942PLC000644 |
Registration Date of Bharat Nidhi |
21 September 1942 |
Category/Sub-category of Bharat Nidhi |
Company Limited by Shares (NBFC) |
Bharat Nidhi Registered office and contact details |
First Floor, Express Building, 9-10, Bahadur Shah Zafar Marg, New Delhi – 110 002 Telephone No. : 011-43562982 |
Bharat Nidhi Registrar and Transfer Agent address and contact details |
M/s. Skyline Financial Services Private Limited D-153A, Okhla Industrial Area, Phase-I, New Delhi – 110 020, Telephone No. : 011-40450193-197; 26812682-83 |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Distribution of Newspapers and Magazines in Delhi & NCR |
99611519 |
91.82% |
Mr. Bhagavatula Chintamani Rao, Director
Mr. Bhagat Ram Goyal, Director
Mr. Nityanand Singh, Director
Mr. Piyush Garg, Chief Financial Officer
|
S. No. |
Name of the Company |
% of shares held |
|
1. |
Matrix Merchandise Limited |
23.90% |
|
2. |
Vasuki Properties Limited |
49.99% |
|
3. |
Bennett, Coleman & Company Limited |
24.41% |
|
4. |
Bennett Property Holdings Company Limited |
24.41% |
|
5. |
Mahavir Finance Limited |
20% |
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1. |
M/s. Matrix Merchandise Limited |
6,00,000 |
20.68% |
|
2. |
Mr. Vineet Jain |
5,90,000 |
20.34% |
|
3. |
M/s. Sanmati Properties Limited |
4,71,588 |
16.25% |
|
4. |
M/s. Ashoka Marketing Limited |
3,00,000 |
10.34% |
|
5. |
M/s. Mahavir Finance Limited |
2,00,000 |
6.89% |
|
6. |
Others |
7,39,073 |
25.50% |
|
Total |
29,00,661 |
100% |
The Print industry has faced significant challenges in recent years due to the rise of digital media and the COVID-19 pandemic. However, the industry has also shown resilience and adaptation in the face of these challenges.
According to industry reports, the print industry is expected to continue to face pressure from digital media in the coming years. However, print media is still expected to have a significant role in areas such as books, magazines, and packaging.
After the second wave of Covid -19 in Q1 of FY 2021-22, the demand has shown the signs of recovery with effect from Q3 of FY 2021-22. As a result, during FY 2021-22, the net revenue from business operations has been marginally higher as compared to the previous financial year. It is important to mention that this may not have a significant impact on the overall profitability of the Company, as the net margins on the sale of print publications are very nominal. The net profit is derived mainly from interest and dividend earned as well as gains on sale/ switch of investment of its surplus funds deployed. The increase in net profits of the Company in financial Year 2021-22 is on account of the higher other income comprising sale of long term investments and higher dividend income as compared to the previous Financial Year 2020-21.
