About Us
SKSN Limited (Quasi-Banking NBFC) is a professionally promoted and established financial
institution, led by seasoned banking professionals with over 17+ years of extensive
experience across multiple banking verticals. Backed by strong domain expertise, the
promoters firmly believe that sustainable success is driven by innovation, integrity, and
teamwork.
Company Overview
SKSN Limited is a new-age Quasi Banking Mutual Benefit Company, registered under Section 406
of the Companies Act, 2013 (formerly Section 620A of the Companies Act, 1956). The company
is duly approved by the Government of India, Ministry of Corporate Affairs (MCA). As a Nidhi
Company, it operates within the regulatory framework prescribed by the Government
and is partially governed by the Reserve Bank of India (RBI), adhering strictly to
applicable Nidhi Rules and guidelines.
Our Purpose & Objectives
SKSN Limited has been incorporated with a clear and focused mission:
- To promote financial inclusion
- To encourage the habit of thrift and savings among its members
- To mobilize deposits and provide secured lending exclusively to members
- To ensure mutual financial growth and support within the member community
Regulatory & Operational Framework
Nidhi Companies in India are categorized as Mutual Benefit Companies and operate with
characteristics of:
- Non-Banking Financial Companies (NBFCs)
- Community-based financial institutions
- Member-driven financial ecosystems
SKSN Limited complies with all rules, regulations, and operational guidelines issued
by:
- The Ministry of Corporate Affairs (MCA)
- The Reserve Bank of India (RBI) (to the extent applicable)
Understanding Nidhi Companies
Nidhi Companies are also known as “Mutual Benefit Societies”, a term recognized by the
Sabanyagam Committee on Nidhis and the Expert Committee.
As a Nidhi entity:
- The company accepts deposits only from its members/shareholders
- All financial transactions are conducted within the defined member base
- Operations are governed by strict regulatory norms and compliance standards
- To ensure mutual financial growth and support within the member community
While Nidhi Companies function with objectives similar to banks, their services are
restricted to members who are part of the organization, ensuring a closed, secure, and
trust-based financial ecosystem.
