Financials
Incorporated As a Bank and subsequently Converted as a Nidhi Company under the Companies Act, and completed 141 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 Sidhantha Onnahini Permanent Nidhi Ltd. |
| Date of Incorporation | 10-11-1881 |
| Corporate Identity Number | U65110TN1881PLC002799 |
| GST Number | 33AAACT1099B1ZR |
| Registration Number | 002799 |
| Company Status | Active |
| Regd. Office Address | No. 37, Car Street, Triplicane, Chennai – 600 005. |
| Company Type | Company Limited by shares |
Principal Activity
Accepting Deposits and lending on securities like, Gold and Mortgage on House properties and providing locker facilities to members.
Business & Capital Information
As on 31/03/2023
Total Business Turnover
| Total Deposits | Rs. 372.58 Crores |
| Total Loans | Rs. 351.13 Crores |
- Authorized Share capital: 2,50,00,000 Equity Shares of Rs. 10/- Each Rs. 25,00,00,000/-
- Issued, Subscribed & Paid Up Capital: Rs. 9,25,30,040
- 67,620 Share Holders as on 31/03/2023
- Reserves: Rs.13.58 Crores
- Investment with Banks: Rs. 60.50 Crores
- Fixed Assets: Rs. 8.52 Crores
Annual Reports – Click to Download
MGT-7 – Click to Download
Dividend Information
The Dividend on Equity shares are uninterruptedly paid by the Nidhi.
Dividend declared and 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%
- 2016-2017 – 12.5%
- 2017-2018 – 13%
- 2018-2019 – 13%
- 2019-2020 – 10%
- 2020-2021 – 11%
- 2021-2022 – 12%
- 2022-2023 – 12%
- 2023-2024 – 12%