A Nidhi company is one that belongs to the non-banking Indian Finance sector and is recognized under section 406 of the Companies Act 2013. Their core business is borrowing and lending money only between their members. It is regulated by Ministry of Corporate Affairs. Reserve Bank of India is empowered to issue directions to them in matters relating to their deposit acceptance activities.
We have developed Nidhi Company software NIDHIS with continuous research in Nidhi companies with guidance of all experienced people, who are running such institutions and now we have more than 80+ Nidhi company clients.