Bharat Nidhi Unlisted Share Price

Bharat Nidhi Limited Unlisted Shares-Company Overview

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 Unlisted Share Details as of March 31, 2024

Incorporation Details of Bharat Nidhi

Principal Business Activities of Bharat Nidhi       

Bharat Nidhi Limited Board of Directors

Mr. Bhagavatula Chintamani Rao, Director

Mr. Bhagat Ram Goyal, Director

Mr. Nityanand Singh, Director

Mr. Piyush Garg, Chief Financial Officer

Particulars of Associate Companies of Bharat Nidhi

Shareholders' holding of Bharat Nidhi Limited (As of 31-03-2024)

Industry Outlook

Indian print media industry is poised to record robust growth in 2024. Mr. Sivakumar Sundaram, CEO of The Times of India, expects print ad revenue to reach a record high in 2024 due to newspapers' credibility, affordability, and strong readership habits.

The value of the print industry across India was over 260 billion Indian rupees in 2023. This was further expected to exceed 288 billion rupees by 2026, indicating a compound annual growth of around 3.4 percent. The value of this sector of the media and entertainment industry had to be readjusted to accommodate the negative impact of the coronavirus pandemic.