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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 are pleased to inform our members that Our Registered Office Kumbakonam (Main Branch), Kumbakonam (Town Branch). Thiruvarur Branch, Nanganallur Branch, Pattukkottai Branch and Mannargudi were housed at our own premises " HOUSE OF MUTUALS "

            Presently we are servicing our members through 25 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 and Erode.  Apart from servicing our members for the past 20 years, Our Company conducted various social awareness programs like (Eye camps, Motivation for Students) especially of Ninth Standard and Eleventh Standard Students at our Branches. We have declared dividends constantly for the past 9 Years and declared 16% dividend for the year ended 31 March 2013.  Rewarding Shareholders with rich cash dividends as well as ploughing back of profits to support company's future growth have been that twin objectives of your company over many years.

               
                Share Application                           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 and Approved by Both The Houses Of The Parliament by notifying it in the official gazette of the Central Government. Where As most Of The Companies Are Incorporated Under Indian Companies Act, 1956 only.




         On  31st March 2013 our company  mobilized deposits to the tune of  Rs.162 Crores from our members and advanced to tune of Rs.147 Crores to our members.

         For the Financial Year 2013-2014 our Company Projected to achieve a total Business of Rs.600 Crores comprising Rs.300 Crores as Deposits and Rs.300 Crores as Advances.

         Presently 89 Permanent Employees and 130 Temporary Employees  were Servicing our Members from 25 Branches.

         Further our Company proposed to open more branches all over Tamilnadu very well shortly.

    2011 Town Benefit Fund (Kumbakonam) Limited.,
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