Home Contact Us Mail
Phone : 044 2844 5084 / 2844 5422 / 2844 2139
E-Mail : smso@smsonidhi.com

About Us

Incorporated As a Bank and subsequently Converted as a Nidhi Company under the Companies Act, and completed 133 years of operations stood one of the most trusted organizations and with Great support from our beloved customers and shareholders we have travelled the journey in these years and also to serve better for the upcoming future.

Company Name : Sriman Madhwa Sidhanthaonnahini Permanent Nidhi Ltd.
Date of Incorporation : 10-11-1881
Corporate Identity Number : U65110TN1881PLC002799
Registration Number : 002799
Company Status : Active
Regd. Office Address : 37, Car Street, Triplicane, Chennai - 600 005.
Company Type : Company Limited by shares

Principal Activity

Accepting Deposits from the public and lending on securities like, Gold, Silver, and Mortgage on House properties and providing locker facilities to members.

Business & Capital Information

Total Business Turnover as on 30-09-2015
Total Deposits : ` 179,73,77,184
Total Loans : ` 154,71,10,748
Total Turnover : ` 334,44,87,932
  • Authorized Share capital : 1,00,00,000 Equity Shares of ` 10/- Each = ` 10,00,00,000
  • Issued, Subscribed & Paid Up Capital : 53,65,194 Equity Shares of ` 10/-Each = ` 5,36,51,940
  • No. of Share Holders as on 30-09-2015 is 38,224
  • Reserves : ` 3,10,22,827/-
  • Investment with Banks : ` 19,85,00,000/-

Dividend Information

The Dividend on Equity shares are uninterruptedly paid by Nidhi.

Dividend paid for the earlier years are:
  • 2009-2010 - 10%
  • 2010-2011 - 12%
  • 2011-2012 - 10.5%
  • 2012-2013 - 11%
  • 2013-2014 - 11%
  • 2014-2015 - 12%
  • 2015-2016 - 11%

Other Information

Listing On Stock Exchange : No

Total Number Of Branches : 31 Branches Across Chennai & Tamilnadu.

News & Events
coin Balance Sheet of our Nidhi for the year ended 31st March 2016 is uploaded.
Registered & Corporate Office

SMSO Permanent Nidhi Limited,
No 37, Car Street,
Triplicane,
Chennai 600 005.

Phone : 044 2844 5084 / 2844 5422 /
               044 2844 2139
E-Mail : smso1881@gmail.com