Nidhi Granites Limited, founded in 1981, originally focused on the granite blocks and tiles sector but has since transitioned to trading in shares, securities, and other investments in India. The company was initially promoted by Manmal Thard, Rajkumar Thard, Pushpa R Thard, and Nidhi. In a strategic move to diversify, Nidhi Granites incorporated a subsidiary, SPNP Paper and Pack Private Limited, in March 2021. Furthermore, it expanded its portfolio by acquiring Yug Fashion Garments Private Limited in May 2023, making it a wholly owned subsidiary.
Facing challenges in its core sectors, the company is now concentrating on trading in securities to effectively utilize its resources. This shift indicates a strategic pivot towards the financial sector, aiming for growth and adaptability in its operations.
