Welcome To Town Benefit Fund
Our Nidhi Company
on 29 th August 1993 by CA. M. RAMAN
in the Temple City of Kumbakonam, with the blessings
of the Makkal Sakthi Movement Founder Dr. M.S. Udayamurthi,
Sri. S.R.G. Renganathan Chettiar, (President of KMBF Limited),
Sri P. Vaidhyanathan, Chairman Integrated Enterprises
Sri. Ramasubramanian, (President Madurai Permanent Fund Limited)
along with our Founder Members Sri. S.M. Swaminathan, Dr. P. Ravichandran,
Sr.i T. Manickavasagam, Sri. S.R. Sridharan, Sri. B. Mukuntharamanujam,
Smt. Y.Kanniga, Sri. G. Baskaran, Sri. R. Vijayakumar, Sri. N. Rengasamy,
Sri. V. Mohanram, Sri. M. Sureshkumar and Sri. P.V. Nathan.
Primary object of our institution is to cultivate the habit of
savings among our members. Our first and foremost aim is to satisfy
our members and create mutuality among themselves. We
accept deposits from our shareholders within the stipulated
norms issued by the Ministry of Corporate Affairs. The funds
mobilized are utilized to a great extent for
advance of Gold Loans.
Thus, the funds are fully secured and therefore the investments
with us are in very safer havens. We are pleased to inform
our members that Our Registered Office
Kumbakonam (Main Branch), Kumbakonam (Town Branch). Thiruvarur Branch, Nanganallur Branch,
Madipakkam Branch,Pattukkottai Branch and Mannargudi were
housed at our own premises "
HOUSE OF MUTUALS "
Presently we are servicing our members through
35 Branches namely
Main Branch, Town Branch, Pattukkottai, Thanjavur, Mannargudi, Thiruvarur, Madipakkam, Panruti, Madurai, Nanganallur, West Mambalam, Srirangam, AnnaNagar,
Ambattur, Virugambakkam, Triplicane, Manapparai, Coimbatore,
Virudhachlam, Jayankondam, Mayiladuthurai, Karur, Salem, Tiruppur, Erode,
Sirkazhi, Chitlapakkam, Tambaram, Pammal, Karanthai, Ariyalur,
Vadavalli, Cuddalore and
Apart from servicing our members for the past 22 years, Our Company
conducted various social awareness programs like (Eye camps,
Motivation for Students) especially for 9th Standard and
11th Standard Students.
We have declared
dividends consistently up to 31 March 2014. Due to fall in
gold prices the company made a profit Rs. 37 Lakhs which is
insufficient to declared dividend during the current financial