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  • Welcome To Town Benefit Fund

            Our Nidhi Company was established 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 (India) Ltd, 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.

            The 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, and Pattukkottai Branch 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,  Panruti, Madurai,  Srirangam,  Manapparai, Coimbatore, Virudhachlam, Jayankondam, Mayiladuthurai, Karur, Salem, Tiruppur, Erode, Sirkazhi,  Karanthai, Ariyalur,  Vadavalli, Cuddalore and Pazanganatham.  (CHENNAI) Madipakkam,Nanganallur, West Mambalam, AnnaNagar, Ambattur, Virugambakkam, Triplicane, Chitlapakkam, Tambaram, Pammal and Urapakkam,

    Apart from servicing our members for the past 23 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 6% dividend for the Financial year 2015-2016.

     

               
     Share Application     Nomination Form    Deposit Application  
    Overview        

    PRIMARY OBJECT :

    CULTIVATING THE HABIT OF SAVINGS AMONG MEMBERS

     
    A NIDHI Company can be defined as a Company By the Members, For the Members and To the Members.
    Difference between Nidhi Companies and most of the other companies?
            A Nidhi Company is A Company Incorporated Under Section 620 A Of the Indian Companies Act 1956 U/S 406 of the Companies Act 2013  and Approved by Both The Houses Of The Parliament by notifying it in the official gazette of the Central Government.




         On  31st March 2016 our company  mobilized deposits to the tune of  Rs.193.14 Crores from our members and advanced to tune of Rs.161.33 Crores to our members.

              Presently 161 Permanent Employees and 47 Temporary Employees  are doing better Servicing to our Members through 35 Branches.

         Further our Company proposed to open 3  branches at Porur (Chennai), Athur (Salem), and Kallakurichi during the Financial Year 2016-17.

    2011 Town Benefit Fund (Kumbakonam) Limited.,
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