Top 10 List of Leading Nidhi Companies in India
0
0
Under Section 406 of the Companies Act, 2013, Nidhi companies are recognized and regulated entities in India. These specialized financial institutions play a crucial role in providing financial services to individuals who might be underserved by traditional banks. Although Nidhi companies operate on a smaller scale compared to conventional banks, their significance cannot be overstated. They focus on fostering a culture of savings and providing financial support to their members. If you’re curious about the top Nidhi companies making waves in India in 2024, keep reading. This article will highlight the leading Nidhi companies in India, showcasing their contributions to the financial landscape.
Top 10 Leading Nidhi Companies In India
1. Maben Nidhi Limited
Founded in 1993, Maben Nidhi Limited stands out as a prominent player in India’s financial sector. Registered under Section 620A of the Indian Companies Act of 1956, Maben Nidhi Limited operates with 64 branches across the country. The company’s mission is to encourage its members to save and invest wisely. Known for its safe and customer-centric approach, Maben Nidhi offers a range of financial services including gold loans, property loans, and various deposit schemes. The company’s adherence to regulatory standards is evident through its NDH 4 approval from the Ministry of Corporate Affairs.
Address: FIRST FLOOR, PADMA JUNCTION, NEAR GEERI PAI JEWELLERY, MG ROAD OPP METRO PILLER NO 666, COCHIN, Kerala 682035
2. KPB Nidhi Limited
Established in 1989, KPB Nidhi Limited is a well-regarded Nidhi company with a strong presence across India. With over 83 branches, this Kerala-based institution is committed to providing financial services to middle-class and lower-class individuals. KPB Nidhi Limited offers personalized banking products such as savings programs, loans, and fixed deposits, catering to the needs of its diverse clientele.
Address: Kallarkutty Dam Rd, above Kannattu Super Market, Adimali, Kerala 685561
3. Jayant India Nidhi Limited
Jayant India Nidhi Limited ranks third on our list due to its solid reputation and widespread reach. With approximately 21 branches and around 5,000 customers, this company is known for its adherence to Ministry of Corporate Affairs regulations and its customer-centric approach. Jayant India provides a range of deposit plans and loan options, focusing on middle-class and lower-middle-class clients.
Address: SCO-88, 2nd Floor, Opp. BSNL, Old Delhi Gurgaon Rd, Sector 12A, Gurugram, Haryana 122001
4. Adambakkam Janopakara Saswatha Nidhi Limited (AJS)
Adambakkam Janopakara Saswatha Nidhi Limited, commonly known as AJS, is one of the earliest Nidhi companies in India, founded in 1931. With nearly a century of experience, AJS specializes in serving middle-class and lower-class individuals. The company provides loans for home improvements, education, and emergencies, all at affordable interest rates.
Address: 107, Pudupet St, Ramapuram, Alandur, Chennai, Tamil Nadu 600016
5. Jbsublet India Nidhi Limited
Despite being relatively new, having been established in 2018, Jbsublet India Nidhi Limited has quickly made a name for itself. The company’s robust financial strategies and strict compliance with Ministry of Corporate Affairs regulations have contributed to its success. Although it is a newer player in the field, Jbsublet India is already recognized as one of the leading Nidhi companies in India for 2024.
Address: 12, C Scheme, Ashok Nagar, Jaipur, Rajasthan 302001
6. Mahamudra Global Nidhi Limited
Mahamudra Global Nidhi Limited, established under the Companies Act of 2013, is known for its comprehensive financial services aimed at the middle class. The company offers a variety of products including mortgage loans, gold loans, and multiple deposit schemes such as savings, recurring, and term deposits. Its focus on catering to the financial needs of its members has cemented its position as a leading Nidhi company in India.
Address: TOWERS, PLOT NO.A, UNIT NO. 503, 5th FLOOR GDITL NORTH Ex, 09, Netaji Subhash Place, Pitampura, Delhi, 110034
7. Samartha Nidhi Limited
Based in Karnataka, Samartha Nidhi Limited is recognized for its dedication to supporting individuals and small business owners facing financial difficulties. This Nidhi company offers a range of deposit schemes, including Pigmy Deposit, Recurring Deposit, and Fixed Deposit, along with various loan options. Samartha Nidhi’s focus on promoting financial inclusion makes it a noteworthy entity in the sector.
Address: 1st Floor, Samartha Nidhi Limited, Pinto Plaza, APMC ROAD, opp. Adarsha Hospital, Puttur, Karnataka 574201
8. People’s Urban Nidhi Limited
People’s Urban Nidhi Limited plays a vital role in providing banking services to individuals with poor credit histories or no credit history at all. This Nidhi company focuses on assisting economically disadvantaged groups by offering essential financial services and resources. Its commitment to helping those in need highlights its importance in the financial sector.
Address: First Floor, Kurambil George Towers, Kayamkulam – Pathanapuram Rd, opp. SM Silks, Parass La, Adoor, Kerala 691523
9. Thrissur Nidhi Limited
Thrissur Nidhi Limited has gained prominence in Southern India for its reliable financial services and exceptional customer satisfaction. With a growing customer base and a track record of over 150 completed loans, the company offers a range of financial services including loans and deposit programs. Its focus on customer empowerment and control over finances contributes to its reputation as a leading Nidhi company.
Address: Room No: TC-21/5821, Ground Floor, Aman Towers West Fort, Near Kotak Mahindra Bank, MG Road, Kottappuram, Kerala 680667
10. Reeti India Nidhi Limited
Reeti India Nidhi Limited rounds out our list of the top Nidhi companies in India. Established with a focus on providing affordable and accessible financial solutions, this company offers loans of up to 8 lakh rupees. Reeti India prioritizes regulatory compliance and customer satisfaction, ensuring that its operations are both secure and reliable.
Address: 8VCX+9VF, Bankat, Uttar Pradesh 221107
Conclusion
In summary, the leading Nidhi companies in India for 2024 offer a range of financial services that cater to various needs, from savings and deposits to loans and financial assistance for underserved communities. While there are many Nidhi companies across the country, these top ten stand out for their commitment to customer service, regulatory compliance, and financial inclusion. Whether you’re seeking financial support or simply exploring options, these leading Nidhi companies in India exemplify the best in the sector.
Under Section 406 of the Companies Act, 2013, Nidhi companies are recognized and regulated entities in India. These specialized financial institutions play a crucial role in providing financial services to individuals who might be underserved by traditional banks. Although Nidhi companies operate on a smaller scale compared to conventional banks, their significance cannot be overstated.…