Maben Nidhi Limited
Maben Nidhi Ltd. is one of the leading Nidhi companies in India. It is Promoted by Shri. V.P. Nandakumar, MD & CEO of Manappuram Finance Limited. Maben Nidhi Limited, a Public Limited Company registered under the provisions of section 620A of the Companies Act 1956 and notified as Nidhi Company by Government of India. The Company was incorporated on 20th December 1993 with Registrar of Companies Kerala and at that time its name was “Manappuram Benefit Fund Limited”. The name has been changed to Maben Nidhi Limited in June 2012.
The main object of the Company is to encourage and afford all facilities for cultivating thrift, saving habits and to render all financial assistance to its members by receiving long and short term deposits and in particular recurring, fixed, saving and other deposits and to lend or advance monies only to it members with security and to provide for the repayment of the same from the members as are allowed by law. The Company having 57 branches spread across the state of Kerala.