Nidhi in the Indian context means “TREASURE” .Nidhi Company is a type of Non-Banking Financial Company (NBFC). It is formed to borrow and lend money to its members. It inculcates the habit of saving among its members and works on the principle of mutual benefit.
A nidhi company is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company. They are regulated by Ministry of Corporate Affairs, which is also empowered to issue directions to them in matters relating to their deposit acceptance activities. Nidhi means a company which has been incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for their mutual benefit. Nidhi companies existed even prior to the existence of companies Act 2013. The basic concept of nidhi is "Principle of Mutuality". These companies are more popular in South India, and 80% of Nidhi companies are located in Tamil Nadu.
We will protect and cherish the interests of all our stakeholder by providing transparent customer friendly financial products and solutions through exemplary customer service, By identifying the employees’ talents and developing them through motivation, recognition and rewards, By optimizing the returns to the shareholders ,By enforcing sustainable practices and by displaying respect to individuals and communities, By giving back to the Society through value creation
We trust in building relationship with customers and make them satisfy. Our mission is to create an employee with loyalty, reliability and hard work. Our mission is to make aware about savings and values of the money so that they can change their life style.
The mission of the Company is to create self-sufficient sustainable ecosystem member through co-operation. Company is to enable financial inclusion by providing affordable financial service to the under –privileged social excluded community, & inculcate the saving habit. The Company is authorized by its law to accept deposit from its member under different schemes from saving account to term deposit like Daily Deposit, Monthly Deposit and Fixed Deposit. We are committed to serving the need of customer in an ever changing financial service marketplace., as well as to earn the trust and confidence of all our respected clients in a most friendly and professional manner.
Nidhi companies are governed by Nidhi Rules, 2014. They are incorporated in the nature of Public Limited Company and hence, they have to comply with two set of norms, one of Public limited company as per Companies Act, 2013 and another is for Nidhi rules, 2014. No RBI approval is necessary to register the company, as RBI has specifically exempted this category of NBFC in India to comply its core provisions such as registration with RBI etc.
To Become the most Trusted, Popular and affordable Financial Service Provider in the State of Gujarat. Our goal is to help the needy people financially by providing fund into a small amount. We believe in making quality product in short marking a positive and impressive impact on the world every day. We continuously improve our products and services to satisfy customers through efficient & transparent way. We believe in the simple, not the complex.
