About Shenoy Nagar Saswatha Nidhi Limited
45 Years of Trust, Savings & Financial Commitment
Established on 29th September 1980, Shenoy Nagar Saswatha Nidhi Limited was founded with a clear and enduring objective — to encourage the habit of saving, provide members with dependable avenues to invest their savings, and facilitate access to financial assistance on favourable terms and appropriate security.
For over four decades, the Nidhi has remained committed to serving its members through a structured and member-focused financial model. The organisation provides various deposit facilities accepted under the applicable Nidhi framework, enabling members to build their savings while also accessing loans against eligible securities and assets.
Shenoy Nagar Saswatha Nidhi Limited was incorporated as a Public Limited Company under the Companies Act, 1956, with the public substantially interested in the company.
Our Purpose
The fundamental objective of Shenoy Nagar Saswatha Nidhi Limited is to promote systematic savings and mutual financial support among its members. The Nidhi facilitates the acceptance of deposits and provides loan facilities to eligible members at rates of interest and against securities determined by its management from time to time, in accordance with applicable regulations.
Loans may be provided against securities such as deposits, movable assets including gold, and eligible immovable properties situated within the City Limits of Chennai.
A Legally Established Nidhi Institution
Subsequently, the Fund was declared as a “NIDHI” by the Central Government under Section 620A of the Companies Act, 1956, pursuant to G.S.R. Notification No. 88 dated 20th May 1987.
The Nidhi operates within the framework applicable to Nidhi institutions and does not undertake banking business with the public as defined under the Banking Regulation Act, 1949.
Built on 45 Years of Reliability
Over the past 45 years, Shenoy Nagar Saswatha Nidhi Limited has built its reputation through a consistent commitment to its members and financial responsibilities.
One of the defining aspects of the Fund’s journey has been its emphasis on the prompt repayment of deposits and payment of interest on their respective due dates. This consistent approach has contributed to the confidence and trust placed in the institution by its members over the decades.
A Legacy That Continues
From its establishment in 1980 to its journey through more than four decades, Shenoy Nagar Saswatha Nidhi Limited has remained focused on its founding principles of encouraging savings, supporting members through responsible lending, and maintaining financial commitment.
With a legacy spanning 45 years, the institution continues to carry forward its long-standing values while serving its members with a disciplined and responsible approach to Nidhi operations.
45 Years of Trust.
45 Years of Commitment.
A Legacy Built Around Its Members.
Our Vision
To build lasting financial trust by encouraging disciplined savings and supporting the financial aspirations of our members.
Our Mission
To provide reliable savings and responsible lending solutions with transparency, timely service, and a strong commitment to our members.
About Shenoy Nagar Saswatha Nidhi Limited
45 Years of Trust, Savings & Financial Commitment
Established on 29th September 1980, Shenoy Nagar Saswatha Nidhi Limited was founded with a clear and enduring objective — to encourage the habit of saving, provide members with dependable avenues to invest their savings, and facilitate access to financial assistance on favourable terms and appropriate security.
For over four decades, the Nidhi has remained committed to serving its members through a structured and member-focused financial model. The organisation provides various deposit facilities accepted under the applicable Nidhi framework, enabling members to build their savings while also accessing loans against eligible securities and assets.
Shenoy Nagar Saswatha Nidhi Limited was incorporated as a Public Limited Company under the Companies Act, 1956, with the public substantially interested in the company.
Our Purpose
The fundamental objective of Shenoy Nagar Saswatha Nidhi Limited is to promote systematic savings and mutual financial support among its members. The Nidhi facilitates the acceptance of deposits and provides loan facilities to eligible members at rates of interest and against securities determined by its management from time to time, in accordance with applicable regulations.
Loans may be provided against securities such as deposits, movable assets including gold, and eligible immovable properties situated within the City Limits of Chennai.
A Legally Established Nidhi Institution
Subsequently, the Fund was declared as a “NIDHI” by the Central Government under Section 620A of the Companies Act, 1956, pursuant to G.S.R. Notification No. 88 dated 20th May 1987.
The Nidhi operates within the framework applicable to Nidhi institutions and does not undertake banking business with the public as defined under the Banking Regulation Act, 1949.
Built on 45 Years of Reliability
Over the past 45 years, Shenoy Nagar Saswatha Nidhi Limited has built its reputation through a consistent commitment to its members and financial responsibilities.
One of the defining aspects of the Fund’s journey has been its emphasis on the prompt repayment of deposits and payment of interest on their respective due dates. This consistent approach has contributed to the confidence and trust placed in the institution by its members over the decades.
A Legacy That Continues
From its establishment in 1980 to its journey through more than four decades, Shenoy Nagar Saswatha Nidhi Limited has remained focused on its founding principles of encouraging savings, supporting members through responsible lending, and maintaining financial commitment.
With a legacy spanning 45 years, the institution continues to carry forward its long-standing values while serving its members with a disciplined and responsible approach to Nidhi operations.
45 Years of Trust.
45 Years of Commitment.
A Legacy Built Around Its Members.
Our Vision
To build lasting financial trust by encouraging disciplined savings and supporting the financial aspirations of our members.
Our Mission
To provide reliable savings and responsible lending solutions with transparency, timely service, and a strong commitment to our members.