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"A NIDHI Company can be defined as a Company By the Members, For the Members and To the Members."
A Nidhi Company is A Company Incorporated Under Section 620 A Of the Indian Companies Act 1956 U/S 406 of the Companies Act 2013.
The Primary object of our institution is to cultivate the habit of savings among our members.
Approved by Both The Houses Of The Parliament by notifying it in the official gazette of the Central Government.
Our Nidhi Company was established on 29 th August 1993 in the Temple City of Kumbakonam, with the blessings of
Dr. M.S. Udayamurthi
Makkal Sakthi Movement Founder
S.R.G. Renganathan Chettiar
President of KMBF Limited
Sri P. Vaidhyanathan
Integrated Enterprises (India) Ltd,
Madurai Permanent Fund Limited
Along with our Founder Members and Board of Directors
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Our first and foremost aim is to satisfy our members and create mutuality among themselves.
The funds are fully secured and therefore the investments with us are in very safer havens.
We accept deposits from our shareholders within the stipulated norms issued by the Ministry of Corporate Affairs.
The funds mobilized are utilized to a great extent for advance of Gold Loans.