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Come, grow with us.

Come, grow with us.

Master Urban Nidhi

the only financial partner that truly cares about both:
You, and your income. Come, grow with us.

“NIDHI” is hindi word which means Finance or Fund. Nidhi means a company which has been incorporated exclusively with the object of developing the habit of thrift and reserve funds amongst its members.
A company declared as a Nidhi or mutual benefit society registered under the section 406 of the companies ACT 2013, Nidhi is have many features which make them stard distinctly apart from many other Non-Banking financial companies who are the guideline of RBI.
Master Urban Nidhi being a company registered under the companies, Act 2013. It automatically comes under the supervision of the MCA(Ministry of Corporate Affairs). We are lending for this kind of people, this has been completely neglected by other financial institutions.
By this way we keep the customer base with our institution long based. Master Nidhi Limited is a Public Limited Company and shall issue equity shares of the nominal value of not less than ten rupees each. The Company shall allot to each deposit holder at least a minimum of ten equity shares or shares equivalent to one hundred rupees. MUN was formulated with the primary objective to carry on the business of accepting deposits and lending money to member-borrowers. A Nidhi Company can be defined as a company By the Members, For the Members, To the Members.

Vision

Our vision is to become THE go-to Nidhi-banking partner for every customer in way that helps them achieve their short-and-long-term financial goals. We do not discriminate between our customers in any way, with a focus on those people who have been completely neglected by other financial institutions.

Mission

Our mission is to become a creative financial institution that respects and cherishes its customers while cultivating a mutually, financially-beneficial relationship with them that ultimately contributes to the country’s development. Financial independence and empowerment lie at the heart of the company’s operating principles.

Values

Urban Nidhi focuses on FOUR key values that form the backbone of our company and subsequently, our products and services.
  • Clarity: We do not miscommunicate or make promises that we cannot keep. What you see is what you get!
  • All-Term Growth: Our focus isn’t simply on short term, temporary gains but also on long-term evolution, where we enjoy a long association with our customers.
  • Mutual Respect: We treat our customers with the respect that they deserve – irrespective of their background or economic status.
  • Professionalism: We strive to deliver a smooth, tension-free experience that is backed by a deep understanding of finance and banking.

Mentors

Late Sriram Purushottam Joglekar

Late Sanjay Vaidya

Pillars / Backbone

Mr. Anil Gajanan Bapat

LL.B- 1990 Pune university with Special Subject Taxation & labour laws

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Madhusudan Parkhi

B.Com., LL.B., LL.M., A.C.S.
 
 

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Mr. Anil Gajanan Bapat
LL.B- 1990 Pune university with Special Subject Taxation & labour laws

Working Experience:
Joined The Shamrao Vithal Co.Op. Bank. LTD. In 1978 37 years of Banking mainly In Branch Banking.
Started as clerk in 1978 & retired in 2015 as Deputy General Manager- Pune Kolhapur & Aurangabad Division [Top Management cadre] from SVC bank.
Handling total business of Rs.4700 Cr. There Are 47 branches located at Pune, Kolhapur, Satara, Sangli, Karad Belgaum, Aurangabad, Jalana, Sholapur, Jalgaon, Akola. Was Looking after Operations, Credit, Monitoring & Administration in all these areas.
Worked s extended helping hand to Human Resources Department Mumbai in Recruitments, Postings Trainings, marinating discipline, enquires & disciplinary actions in these Divisions. Also worked as a helping hand to the planning Department & Estate & Facilities Department. Was appointed & worked on the women’s Committee & has conducted enquiries as a member of the committee.
Few achievements to note.
In the year 2005/06, Successfully monitored the Process Mergers of the Banks in Nasik & Kolhapur in SVC Bank. Played a key role in establishing the SVC Bank in Kolhapur Division & sorted out all issues related to labour & recovery.
After retirement in Aug 2015 as Deputy General Manager the service was continued by SVC Bank & I was appointed on Contract on the same post for One year in SVC.2015/16. Also has worked till May 18 for two years on contract as Asst; General Manager in Punjab & Maharashtra Co-Op Bank Pune Kolhapur Division in the year 16/17 & 17/18.

Madhusudan Parkhi
B.Com., LL.B., LL.M., A.C.S.

Experience:
Dewan Housing finance Corporation LTD. Mumbai from January 3, 2011- March 31, 2015.
Designation: Vice president – Business Legal
IDBI Home finance Limited, Pune- ( Erstwhile Tata Home finance LTD ) From June 2000 till December 31,2011
Designation: Legal Advisor and company secretary.
GIC Housing Finance Limited Mumbai From June 1995 to June 2000.
Designation: Assistant Vice President and company Secretary
General Insurance Corporation of India, Mumbai From June 1983 to June 1995.
Designation: Assistant Manager – Legal
Overall 35 Years’ experience in Mortgage Financing, and three decades in housing Finance. Instrumental in setting up GIC Housing Finance LTD. And TATA Home finance LTD. Set up the legal Procedures and standardization of documents for GIC Housing Finance and Tata home Finance. Key role in the joint Venture Agreement Between Tata Finance LTD. And Abbey National PLC, UK.Extensive Experience of Handling Pre- Incorporation and annual audit by National Hosing Bank. Apart From Legal, also worked as Company Secretary for GIC Housing Finance LTD. And Tata Home Finance LTD.
Shouldered the responsibility for compliances under various legislations, especially Companies Act and NHB Guidelines. Part of the team set up by Dewan Housing and Mortgage Guarantee Corporation for finalizing the modalities. We had the First Mortgage Guarantee proposal in India. Conducted a number of workshops and Training Sessions Covering various legal aspects especially, Mortgages, Legal Framework, Contract Act, Negotiable instruments Act and Companies Act.

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Address

Master Urban Nidhi Limited
S. No. 1173, Sadashiv Peth,
Limayewadi, Pune-411030.

Email

support@munidhi.com

Phone

020-41068999

Office timing

10.00am to 6.00pm

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Mr. Anil Gajanan Bapat
Mr. Anil Bapat received his LLB in 1990 under the aegis of Pune university with a technical focus on Taxation & labor laws.

Working Experience:
Joined the Shamrao Vithal Coop. (SVC) Bank. Ltd. in 1978, where he spent 37 years, focusing on Branch Banking. He started as a clerk in 1978, finally retiring in 2015 as Deputy General Manager (Pune Kolhapur & Aurangabad Division – the Top Management cadre). He was responsible for handling a total business of Rs.4700 Cr, covering 47 branches located in the regions of Pune, Kolhapur, Satara, Sangli, Karad Belgaum, Aurangabad, Jalana, Sholapur, Jalgaon and Akola. His responsibilities extended towards taking care of Operations, Credit, Monitoring & Administrative aspects in all these areas. He provided helping hand to the Human Resources Department in Mumbai when it came to Recruitments, Postings, Trainings, work-ethic cultivation, enquiries & disciplinary actions. He also lent a helping hand to the Planning, Estate and Facilities Department. He was appointed to and worked on the women’s Committee, having conducted numerous enquiries as a member.

Achievements:
  • In the year 2005/06, he successfully monitored the Process Mergers of the Banks in Nasik and Kolhapur during his tenure at SVC Bank.
  • Played a key role in establishing the SVC Bank in Kolhapur Division, deftly handling issues related to labor & recovery.
  • After his retirement in Aug 2015 as Deputy General Manager, the bank continued to avail of his services on a contractual basis on the same post for a year (2015/16)
  • He worked till May 18 for two years on contract as Asst. General Manager in Punjab & Maharashtra Co-Op Bank Pune Kolhapur Division during the year (16/17 & 17/18).

Madhusudan Parkhi
Mr. Madhusudan Parkhi holds multiple educational qualifications,
like: B. Com, LLB, LLM, A.C.S.

Working Experience:
Was with the Dewan Housing finance Corporation Ltd. Mumbai from January 3, 2011- March 31, 2015, holding the designation of Vice president – Business Legal. He joined IDBI Home finance Limited, Pune - (Erstwhile Tata Home Finance Ltd.) from June 2000 till December 31, 2011, as a Legal Advisor and company secretary. After that, he left to join GIC Housing Finance Limited Mumbai From June 1995 to June 2000 in the position of Assistant Vice President and company Secretary. He held the position of Assistant Manager – Legal in the General Insurance Corporation of India, Mumbai From June 1983 to June 1995. Overall, he possesses 35 Years’ experience in Mortgage Financing and three decades in housing Finance. He was instrumental in setting up GIC Housing Finance LTD. And TATA Home finance Ltd. He set up legal procedures and standardization of documents for GIC Housing Finance and Tata home Finance.
Key role in the joint Venture Agreement Between Tata Finance LTD. And Abbey National PLC, UK. He has extensive experience in handling pre-incorporation and annual audit under the National Housing Bank. He has shouldered the responsibility for compliances under various legislations, especially Companies Act and NHB Guidelines. He was a key part of the team set up by Dewan Housing and Mortgage Guarantee Corporation for finalizing the modalities. We had the First Mortgage Guarantee proposal in India. Lastly, he has also conducted a number of workshops and training sessions covering various legal aspects especially: Mortgages, Legal Frameworks, Contract Act, Negotiable instruments Act and Companies Act.