Financials

Incorporated As a Bank and subsequently Converted as a Nidhi Company under the Companies Act, and completed 141 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 NameSriman Madhwa Sidhantha Onnahini Permanent Nidhi Ltd.
Date of Incorporation10-11-1881
Corporate Identity NumberU65110TN1881PLC002799
GST Number33AAACT1099B1ZR
Registration Number002799
Company StatusActive
Regd. Office AddressNo. 37, Car Street, Triplicane, Chennai – 600 005.
Company TypeCompany Limited by shares

Nodal Officer

Sri. N. Ramachandran, Director

ramapril60@outlook.com

+91-94452 83298

Deputy Nodal Officer

Sri. V. Srinivas, Manager

ho@smsonidhi.com

+91-80561 48539

Principal Activity

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

Business & Capital Information

As on 31/03/2023

Total Business Turnover

Total DepositsRs. 372.58 Crores
Total LoansRs. 351.13 Crores
  • Authorized Share capital: 2,50,00,000 Equity Shares of Rs. 10/- Each Rs. 25,00,00,000/-
  • Issued, Subscribed & Paid Up Capital: Rs. 9,25,30,040
  • 67,620 Share Holders as on 31/03/2023
  • Reserves: Rs.13.58 Crores
  • Investment with Banks: Rs. 60.50 Crores
  • Fixed Assets: Rs. 8.52 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%
  • 2017-2018 – 13%
  • 2018-2019 – 13%
  • 2019-2020 – 10%
  • 2020-2021 – 11%
  • 2021-2022 – 12%
  • 2022-2023 – 12%
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