Madurai City Permanent Nidhi Limited - Company Profile

It is a financial services nidhi company based in Madurail625 001., Tamil Nadu, India, established in 1994.

1994 Madurail625 001., Tamil Nadu, India Active

Last Updated: December 31, 2025

About Madurai City Permanent Nidhi Limited

Madurai City Permanent Nidhi Limited, a active nidhi company, was established on 28 October 1994 in Madurail625 001., Tamil Nadu, India. Engaging in diversified financial services within the financial and insurance service sector, it holds CIN: U65991TN1994PLC029088. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹2.00 Cr and a paid-up capital of ₹4.04 M.

Formerly known as Madurai City Permanent Nidhi Limited, Madurai City Permanent Fund Limited. It upholds a compliant status. Its leadership includes Shanthi (Additional Director), Ayyalu Ramamoorthy Kugan (Director), Nagaraj (Director). Past directors included Shanthi, Anbu Saravanan, Ragavan Srinivasan. It holds ₹4.32 Cr open charges and ₹1.50 M settled loans. Its latest AGM occurred on 25 September 2025, with the balance sheet filed on 31 March 2025. It is based at 71,North Veli Street(Near V.O.C.Statur) Simmakkal, Madurail625 001., Tamil Nadu, 625001.

Company Details

CIN/LLPIN
U65991TN1994PLC029088
Registration Number
029088
Incorporation Date
28 October 1994
Authorized Capital
₹2.00 Cr
Paid-Up Capital
₹4.04 M
ROC Code
Roc Chennai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 2.00 Cr as on 31-12-2025
Paid Up Capital ₹ 4.04 M as on 31-12-2025
Company Age 31 Year, 4 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 4.32 Cr as on 31-12-2025
Satisfied Charges ₹ 1.50 M as on 31-12-2025
Revenue Growth **** -2.56% (FY 2022)
Ebitda **** 12.40% (FY 2022)
Net Worth 2.51% (FY 2022)
Total Assets **** 10.71% (FY 2022)

Comprehensive Company Insights

Explore comprehensive insights into Madurai City Permanent Nidhi Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Madurai City Permanent Nidhi Limited?

Current Directors

Name	Designation	Appointment Date	Status
Shanthi	Additional Director	04 Oct 2025	Current
Ayyalu Ramamoorthy Kugan	Director	26 Sep 2018	Current
Nagaraj	Director	14 Jun 2025	Current
Dharmar Kannan	Managing Director	07 Nov 2020	Current
Ganesh Dharmar	Additional Director	04 Oct 2025	Current
Dharmar Sundar	Director	28 Sep 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	17 Oct 2020	Past
Pramod Abcsdd	Additional Director	03 Jan 2022	Past
Pramod Abcsdd	Additional Director	29 Jun 2016	Past
Pramod Abcsdd	Director	20 Apr 2014	Past
Pramod Abcsdd	Additional Director	18 Dec 2019	Past
Pramod Abcsdd	Director	03 Apr 2010	Past

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Financial Performance of Madurai City Permanent Nidhi.

Madurai City Permanent Nidhi Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 2.56% decrease. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth moved up by a moderate rise of 2.51%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-2.56%

*******

Revenue from Operations

*******

7.48%

*******

Total Assets

*******

10.71%

*******

Profit or Loss

*******

Net Worth

*******

2.51%

*******

EBITDA

*******

12.40%

*******

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What is the Ownership and Shareholding Structure of Madurai City Permanent Nidhi?

In 2022, Madurai City Permanent Nidhi had a promoter holding of 41.83% and a public holding of 58.17%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹43,180,000.00

Satisfied Charges

₹1,500,000.00

Charges Breakdown by Lending Institutions

City Union Bank Limited : 3.13 Cr
Others : 0.60 Cr
Punjab National Bank : 0.59 Cr

Latest Charge Details

Date	Lender	Amount	Status
15 Jun 2024	City Union Bank Limited	₹9.60 M	Open
15 Jun 2024	City Union Bank Limited	₹1.22 Cr	Open
16 Mar 2022	City Union Bank Limited	₹9.50 M	Open
01 Jul 2011	Punjab National Bank	₹5.88 M	Open
29 Sep 2005	Others	₹6.00 M	Open

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How Many Employees Work at Madurai City Permanent Nidhi?

Unlock and access historical data on people associated with Madurai City Permanent Nidhi, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Madurai City Permanent Nidhi, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Madurai City Permanent Nidhi's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Madurai City Permanent Nidhi

Recent Activity within the Organization

Director Appointment

Progress on Shanthi was appointed as a Additional Director was appointed as a Additional Director on 04 Oct 2025 & has been associated with this company since 4 months 25 days . was documented.
04 Oct 2025
Director Appointment

Progress on Ganesh Dharmar was appointed as a Additional Director was appointed as a Additional Director on 04 Oct 2025 & has been associated with this company since 4 months 25 days . was documented.
04 Oct 2025
Annual General Meeting

The activity Madurai City Permanent Nidhi Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records. was completed.
25 Sep 2025
Charges

The activity A charge registered on 09 Dec 2014 via Charge ID 10544863 with Punjab National Bank was fully satisfied on 16 Jul 2025. was completed.
16 Jul 2025
Charges

The activity A charge registered on 11 Jan 2010 via Charge ID 10201699 with Punjab National Bank was fully satisfied on 16 Jul 2025. was completed.
16 Jul 2025
Director Appointment

Nagaraj was appointed as a Director was appointed as a Director on 14 Jun 2025 & has been associated with this company since 8 months 14 days . was recorded as a recent event.
14 Jun 2025

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Frequently Asked Questions

What is the CIN of Madurai City Permanent Nidhi Limited?

The CIN of Madurai City Permanent Nidhi Limited is U65991TN1994PLC029088.

Where is Madurai City Permanent Nidhi Limited headquartered?

Madurai City Permanent Nidhi Limited is headquartered at 71,North Veli Street(Near V.O.C.Statur) Simmakkal, Madurail625 001., Tamil Nadu, 625001.

When was Madurai City Permanent Nidhi Limited incorporated?

Madurai City Permanent Nidhi Limited was incorporated on 28 October 1994.

Who are the current directors of Madurai City Permanent Nidhi Limited?

The current directors of Madurai City Permanent Nidhi Limited are

What is the primary industry of Madurai City Permanent Nidhi Limited?

The primary industry of Madurai City Permanent Nidhi Limited is Financial And Insurance Service.

Is Madurai City Permanent Nidhi Limited a listed company?

Madurai City Permanent Nidhi Limited is unlisted.

What is the capital structure of Madurai City Permanent Nidhi Limited?

The authorized capital of Madurai City Permanent Nidhi Limited is ₹2.00 Cr, and the paid-up capital is ₹4.04 M.

What is the compliance status of Madurai City Permanent Nidhi Limited?

The compliance status of Madurai City Permanent Nidhi Limited is Compliant.

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