Financials

Incorporated As a Bank and subsequently Converted as a Nidhi Company under the Companies Act, and completed 138 years of operations stood one of the most trusted organizations and with Great support from our beloved customers and shareholders we have travelled the journey in these years and also to serve better for the upcoming future.

Company Name Sriman Madhwa Sidhantha Onnahini Permanent Nidhi Ltd.
Date of Incorporation 10-11-1881
Corporate Identity Number U65110TN1881PLC002799
GST Number 33AAACT1099B1ZR
Registration Number 002799
Company Status Active
Regd. Office Address No. 37, Car Street, Triplicane, Chennai – 600 005.
Company Type Company Limited by shares
Principal Activity

Accepting Deposits from the public and lending on securities like, Gold, Silver, and Mortgage on House properties and providing locker facilities to members.

Business & Capital Information
As on 31/03/2018

Total Business Turnover

Total Deposits Rs. 233.19 Crores
Total Loans Rs. 179.55 Crores
Total Turnover Rs. 412.74 Crores
  • Authorized Share capital : 1,00,00,000 Equity Shares of Rs. 10/- Each = Rs. 10,00,00,000
  • Issued, Subscribed & Paid Up Capital : Rs. 6,39,85,590
  • Equity Shares of Rs. 10/-Each = Rs. 6,38,92,890
  • No. of Share Holders as on 31/03/2018 is 49,039
  • Reserves : Rs. 4,51 Crores
  • Investment with Banks : Rs. 46.10 Crores
  • Fixed Assets : Rs. 10 Crores
Dividend Information

The Dividend on Equity shares are uninterruptedly paid by the Nidhi.

Dividend declared and paid for the earlier years are :

  • 2009-2010 – 10%
  • 2010-2011 – 12%
  • 2011-2012 – 10.5%
  • 2012-2013 – 11%
  • 2013-2014 – 11%
  • 2014-2015 – 12%
  • 2015-2016 – 11%
  • 2016-2017 – 12.5%
Dividend Information

The Dividend on Equity shares are uninterruptedly paid by the Nidhi.

Dividend declared and paid for the earlier years are :

  • 2009-2010 – 10%
  • 2010-2011 – 12%
  • 2011-2012 – 10.5%
  • 2012-2013 – 11%
  • 2013-2014 – 11%
  • 2014-2015 – 12%
  • 2015-2016 – 11%
  • 2016-2017 – 12.5%
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