
SRI KARPAGA VINAYAGAR
MUTUAL BENEFIT NIDHI LIMITED
HONESTY – EFFICIENCY – SERVICE
About us
SRI KARPAGA VINAYAGAR MUTUAL BENEFIT NIDHI LIMITED
fondly called as SKVMBN was established in the year 2013 by large hearted gentlemen of Kumbakonam headed by M.Natarajan.
The company is Registered under the Companies Act 2013, functioning under Nidhi Rules – Regulated by Ministry of Corporate Affairs (MCA) – Government of India.
The objective of the company is to encourage the middle class and small business holders to save money, by cultivating the habit of thrift and savings and lend money at favourable interest on movable and immovable properties to those who are usually depending on money lenders. We transact with transparent Rules and Regulations with Latest Technology.
Founder’s Message

Founder
- Sri KarpagaVinayagar Mutual Benefit Nidhi Limited is built on the edifice of trust, faith, and efficient and quick service. Nurturing an organization for 10 years without any kind of hindrance is a big task and there are very few organizations who have performed this task successfully and SKVMBN Limited is one of them. I congratulate all our stake holders for this success.
- Our core objective is to encourage and afford all facilities for cultivating thrift, saving habits and to render financial assistance to its members by receiving term deposits. SKVMBN can be regarded as a fine example of how a Benefit Fund can effectively play its part in promoting the regional development and attending to the needs of under-privileged. We offer a hassle-free experience to avail gold loan with transparency, security and range of its gold loan products, SKVMBN Limited distinguishes itself from others primarily on the basis of the ease with which gold loans can be availed from our branches.
- SKVMBN has surmounted several challenges with the determination to forge ahead, setting an example for tomorrow. Our growth is based on vision, passion, values and good governance and by putting the institution before individuals’ Sri KarpagaVinayagar Mutual Benefit Nidhi Limited is started in the year 2013 and marching towards its completion of 11th year with presence in and around kumbakonam.
- SKVMBN has grown phenomenally in all aspects and secured a prominent position in the Nidhi industry. The Fund has maintained its standards over the years, helping various types of peoples – underprivileged, lower and middle and thereby created a niche for our self-amongst the shareholders. Our streamlined and centralized systems and well- sketched procedures promise that gold loan can be availed in a matter of minutes. Also, we offer the highest Loan Value to those interested in availing the maximum amount of loan against their jewellery. Efficient functioning of the Nidhi and sustained efforts of each and every staff has placed the Nidhi on a high potential in the Nidhi sector.
- Services of SKVMBN are appreciated by the shareholdersand that is the real strength of our Nidhi. Our outstanding performance inspires confidence among the public which indeed a fitting tribute to the visionary founder of SKVMBN.
- I would like to quote Mahatma Gandhi who had said, “The difference between what we do and what we are capable of doing would suffice to solve more of society’s problem”. This has been proved by the SKVMBN by rising to the occasion facing challenges and coming out gloriously from every situation”.
Board of directors

R.SUNDARRAJAN
Chairman
DIN – 10091038

C.BHERULAL
Vice Chairman
DIN – 10092090

R.ELAVARASAN
Managing Director
DIN – 10161833

N.ABISHEK
Executive Director
DIN – 10088620

M.CHANDRASEKARAN
Director
DIN – 08875106

N.PARTHASARATHY
Director
DIN – 10100678

K.SWAMINATHAN
Director
DIN – 08468298

K.UDHAYAKUMAR
Director
DIN – 10091649

K.MANIKANNAN
Director
DIN – 06664745

K.SUNDARAKASI
Director
DIN – 10096756

S.KULOTHUNGAN
Director
DIN – 10122311

G.GOVINDARAJ
Director
DIN – 10124408
Goals & Achievements
Goals
SKVMBN to enable, encourage members to save money, by cultivating the habit of thrift and provide facilities for this purpose.
Achievements
SKVMBN with over 3000+ members and a network of over 3 branches. The Company is known for its innovative products and services, such as its Micro-finance and Gold loans.
Financial status
Statement of Progress | Rs. In lakhs | |||
Particulars | 2020-21 | 2021-22 | 2022-23 | 2023-24 |
Paid up capital | 76.52 | 79.87 | 82.47 | 88.11 |
Reserves & Surplus | 23.98 | 40.18 | 57.20 | 87.74 |
Deposits | 1895.09 | 2097.08 | 2225.01 | 2590.21 |
Advances | 1773.77 | 1905.05 | 1844.07 | 2406.63 |
Profit (After Tax) | 18.82 | 22.32 | 23.41 | 30.54 |
Dividend (p.a) | 7% | 8% | 8% | 10% |
No. of Branches | 3 | 3 | 3 | 3 |
Annual Report
Contact Us
42, Nageswaran Sannathi Street, Kumbakonam.
Call as at:
9486502466
Landline no:
0435 2402466
Mail us at
Our branches
115A/67 Main road, Cholapuram
57/1 East Street, Thirunageswaram
23 Swamimalai main road, Melacauvery