First of all, let’s clear up any doubts you may have about whether or not Nidhi companies are legal. So yes, these companies are perfectly legal because they are approved under Section 406 of the Companies Act, 2013, and work based on the outlined Nidhi Rules, 2014. Sure, in a way, these companies are like NBFCs, but they aren’t like the regular banks we know, nah! It’s a little different. You see, these companies are much smaller compared to traditional banks, and the main purpose of these companies is to promote savings and lending among all its members, that’s all! So come with us as we list down and talk about the top 10 biggest Nidhi companies in India as of 2025, here we go then.
1. Maben Nidhi Limited
There is no way you haven’t heard of this one, literally every post out there talking about the top Nidhi company has listed this one at the very top, and now you wonder why. Right? Oh, that’s simple actually, you see, first of all, it started out way back in 2012, and from there on, it has expanded to almost 66 locations across Kerala. And? Well, in a way, it’s pretty high on the government’s radar, tell us, like, how else would it score NDH-4 approval from the Ministry of Corporate Affairs?
2. KSFE Nidhi Limited
Coming up next, you see, most Nidhi companies are private, but KSFE is owned by Kerala State Government. Like, just so you know, it actually stands for Kerala State Financial Enterprises. As for a little bit of the history part here, you see, it has been running since 1969 and is based in Thrissur, that’s all! Right now, as of 2025 though, it has 10 branches around Kerala and is smaller than some of the private companies but is one of the most trusted names in this space for good reasons. For example, KSFE is best known for its chit-fund schemes.
3. Mahamudra Global Nidhi Limited
Alrighty, so, it is true that Mahamudra Global Nidhi Limited Company is new but already one of the biggest companies in the country at the moment. You may be like: How and why is that though? Oh, first of all, just know that it started in 2019 and is based in Delhi. And sure enough, the reason Mahamudra Global is growing so fast is just like the other companies on this list, yes, they’re out there to help out middle-class families, well mostly.
4. Adambakkam Janopakara Saswatha Nidhi Limited (AJS)
So, what about a company that is about to turn a century-old one in this Nidhi company space? You see, that’s why we’re introducing AJS here, like, it was set up in 1931, making it one of the oldest Nidhi companies in India. For more specifics, it is located in Chennai, Tamil Nadu, and has been serving families for generations, no two ways about that. What are the services of this one though? It’s all there actually, like savings plans and loans for life’s most important occasions, including education, house repair, and emergencies.
5. Siddhivinayak Nidhi Limited
Alright, how about a company that just started out back in 2023 and made it to the list of the top Nidhi companies in India at the moment? Oh yes, that’s precisely what Siddhivinayak Nidhi Limited has done, and it’s just insane if you think about it for a sec. From the looks of it, this one seems like a regular Nidhi company, but keep in mind though, there are just a few companies like this that follow the MCA and RBI rules so closely. And the customer reviews are just top-notch, which shows how this company made it so big and so quick.
6. Mini Muthoottu Nidhi Kerala Limited
Another special one? Well, kinda, you see, Mini Muthoottu Nidhi Kerala Limited is kinda a famous financial company by the famous Muthoottu Group, which started in 1921. That’s more than a century-old company now, and it’s just awesome looking at how well this Nidhi company is still doing. You know, as of 2025 though, you can access Mini Muthoottu Nidhi company seamlessly as it has more than 250 branches in Kerala.
7. Samartha Nidhi Limited
What if some unemployed person and a very small business want a loan? What in that case? Well, most of the time, regular banks and financial institutions don’t help much, and that’s why people turn to Nidhi companies, to be honest, Samartha Nidhi Limited is one name that helped out a lot of people out there. You this next Karnataka-based Nidhi company offers various types of savings plans and simple-to-use loans that are very popular among people in semi-urban and rural areas.
8. Varanasi Nidhi Limited
Next? Well, then we have Varanasi Nidhi Limited, you know, another smaller Nidhi company but this one operates from Uttar Pradesh. The special thing about this one? Well, it’s all in the details, you see, it has earned a good rep for a number of reasons but mainly for treating the customers super well. How? Oh, well, it provides simple savings plans and affordable loans.
9. Kumbakonam Mutual Benefit Fund Nidhi Limited
Up next, well, this one started up in 1904, which means it’s been around for over a century, which is just impressive if you think about it for a sec. It is based in Tamil Nadu and specializes in gold loans. People believe in this company because it strictly abides by the rules of the RBI and MCA. They also have fixed deposits, savings accounts and more.
10. People’s Urban Nidhi Limited
And then, last on the list, you see, People’s Urban Nidhi Limited is from Kerala and focuses on middle-class and lower-class families. It has launched many schemes that help people save money and borrow money easily at a low rate of interest and without the hassle of the bank, you know? So yes, all in all, this company follows the strict rules of the government, so is safe for many Indians.
Conclusion
That’s pretty much it for today. You see if we’re talking about the BIGGEST Nidhi companies, well, these had to be the top ten right now. No two ways about that. Sure there are hundreds of these companies, but these are the special ones, and once you get down to why that is, you’ll understand it perfectly.
