Have you heard that, under subsection 406 in the Companies Act, 2013, Nidhi businesses are essentially legally legal within India and are doing a great job? But what exactly do they do? They are able to offer financial assistance to those who are not served by traditional banks due to some reason. Overall, Nidhi companies are more similar to traditional banks, but they operate on a smaller scale. If you’re already interested in these businesses, and would like to be aware of the top Nidhi companies in India. Continue following because we’re here to discuss the top 10 most influential Nidhi firms in India by 2024. Okay, let’s get started right now.

Top 10 Nidhi companies in India: 

1. Maben Nidhi Limited

It was established in 1993, Maben Nidhi Limited has developed into a significant actor in India’s financial industry as an Nidhi company. It is the Government of India has formally acknowledged Maben Nidhi Limited as a Nidhi Company, as it was registered under section 620A, the Indian Companies Act of 1956 Did you have that information? You can imagine, Maben is an organization that has 64 branches, whose main purpose is to inspire its members to make savings. Maben is renowned for its customer-focused and secure financial services, including gold loans, property loans as well as other deposit plans. One of the most important indicators of Maben’s compliance with the regulations is that it holds the NDH 4 certification of the Ministry of Corporate Affairs.

• Address:FIRST FLOOR, PADMA JUNCTION, NEAR GEERI PAI JEWELLERY,MG ROAD OPP METRO PILLER NO 666, COCHIN, Kerala 682035

2. KPB Nidhi Limited

With a rich history that dates as far back as 1989. KPB Nidhi Limited is recognized for its reliability and vast range of contacts. That’s the reason we’ve placed it as the 2nd company on our list of today’s. This Kerala-based business has grown to include 83 locations across the country, which demonstrates its commitment to providing customers with financial aid. KPB Nidhi Limited caters to the middle-class and low-class by offering them a variety of personalised banking services and products such as savings programs, loans as well as fixed deposit.

• Address: Kallarkutty Dam Rd, above Kannattu Super Market, Adimali, Kerala 685561

3. Jayant India Nidhi Limited

Third on this list, with around twenty-one branches and a total of five thousand customers throughout the country, Jayant India Nidhi Limited is among the top banks that are not bank-owned in the nation. Why is that and what is the reason? The answer is that Jayant India follows the regulations established in the Ministry of Corporate Affairs to the letter. The firm is known for its focus on customer service and low interest rates. In all, by providing trustworthy and reliable financial aid and services to middle and lower middle class by offering various different loan and deposit options.

• Address: SCO-88, 2nd Floor, Opp. BSNL, Old Delhi Gurgaon Rd, Sector 12A, Gurugram, Haryana 122001

4. Adambakkam Janopakara Saswatha Nidhi Limited (AJS)

Adambakkam Janopakara Saswatha Nidhi Limited or AJS for short, is among the oldest Nidhi companies in India that was founded in 1931. It’s true that they’re one year short of achieving the 100-year mark in this particular sector of finance. Because of its long history of providing financial assistance to those who are excluded, AJS focuses on helping those who have middle-class or lower-class incomes. Home improvement loans as well as school expenses and unexpected circumstances are offered by this reliable company that has reasonable rates of interest.

• Address: 107, Pudupet St, Ramapuram, Alandur, Chennai, Tamil Nadu 600016

5. Jbsublet India Nidhi Limited

Today, Jbsublet India Nidhi Limited is the most recent company, however, they appear on the list, even when it was established just two years ago in the year 2018 to be exact. Now, if you take a look and they’re listed among the most prominent 10 Nidhi companies in India by 2024. Isn’t it something? Of course their sound financial strategy and strict adhering to MCA standards have helped them gain trust, despite its small size.

• Address:12, C Scheme, Ashok Nagar, Jaipur, Rajasthan 302001

6. Mahamudra Global Nidhi Limited

The sixth place in the list is Mahamudra Global Nidhi Limited, an Indian firm that was created in the Companies Act of 2013, and has become the mainstay of the middle class in India. This may sound cliche however, that’s exactly the way they operate in reality. Gold loans, mortgage loans, and a range of deposit plans (savings and recurring deposits, as well as deposit for term) are only some of the financial services provided by the famous Nidhi company in the nation.

• Address:TOWERS,PLOT NO.A, UNIT NO. 503, 5th FLOOR GDITL NORTH Ex, 09, Netaji Subhash Place, Pitampura, Delhi, 110034

7. Samartha Nidhi Limited

Another Karnataka-based business called Samartha Nidhi Limited is notable for its efforts to assist entrepreneurs and small-sized business owners facing financial challenges. Similar to the other companies listed in this listing, the company is also out to help promote financial inclusion through various deposit options that include Pigmy Deposit, Recurring Deposit along with Fixed Deposit, in addition to various loan options.

• Address: 1st Floor, Samartha Nidhi Limited, Pinto Plaza, APMC ROAD, opp. Adarsha Hospital, Puttur, Karnataka 574201

8. People’s Urban Nidhi Limited

Do you know how difficult it is for those with a poor credit score to get the basic services of financial institutions? This is why businesses such as People’s Urban Nidhi Limited are crucial. They play an extremely important function, for instance in providing banks to those who don’t have a credit score and have difficulty to access traditional banks. In simple terms, the aim for People’s Urban Nidhi Limited is to aid the economically poor by offering them services and financial resources.

• Address: First Floor, Kurambil George Towers, Kayamkulam – Pathanapuram Rd, opp. SM Silks, Parass La, Adoor, Kerala 691523

9. Thrissur Nidhi Limited

The reliability of financial services and the high level of customer satisfaction have created Thrissur Nidhi Limited famous, very well-known across Southern India, to be exact. The number of customers the company serves has grown significantly since its inception and has facilitated more than 150 loans. Deposit programs and loans are just a few of the financial services provided through Thrissur Nidhi Limited, which lets its customers control of their cash, and it’s all about real control in this case.

• Address: Room No: TC-21/5821, Ground Floor, Aman Towers West Fort, Near Kotak Mahandra Bank, MG Road, Kottappuram, Kerala 680667

10. Reeti India Nidhi Limited

The last item on the list, let’s discuss one more business which is not a different company than Reeti India Nidhi Limited. The company offers loans that range from eight lakh dollars, this organization is committed to providing low-cost and affordable financial solutions for the members of its organization only. There’s no catch. Compliance with regulations and customer satisfaction are their main priorities, therefore you can rest assured that their operation is secure and trustworthy.

• Address: 8VCX+9VF, Bankat, Uttar Pradesh 221107

Conclusion

This is all there is to it for right now. Sure, there are hundreds of Nidhi firms in India that are located in almost every corner of the nation however, these are the best and most significant Nidhi companies in the country at the time of 2024.