Maben Nidhi Limited
MABEN Nidhi Limited (Since JUNE 2012) a leading Nidhi company in India
formerly known as Manappuram Benefit Fund Limited promoted by
Shri. V.P. Nandakumar, MD & CEO of Manappuram Finance Limited, is 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. It was incorporated on 20th December 1993 with Registrar
of Companies Kerala and is having 57 branches spread across the state of Kerala.
The main objective 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.
The aim of recurring, fixed, saving and other deposits are to lend or advance money only to its members with
security and to provide the same to the members at the time of repayment as stated by law.