MABEN commenced its operation in the year 1994 and has its headquarters at Valapad, Thrissur district, Kerala. It is one of the premier "NIDHI" companies in Kerala and is the first "NIDHI" Company to have branches outside the home district. The Company has paid dividends to shareholders every year since inception.

MABEN is managed by broad-based Board consisting of eminent professionals who have excelled in their respective fields of activity - banking, business, legal, computer, finance and capital markets among others. The Chairman of the Company is Mr. V.P. Nandakumar.  Managing Director of the Company is Mrs. Sushama Nandakumar.

The Company is supported by a good team of young, highly qualified and professional workforce comprising of Chartered Accountants, MBAs and Computer Engineers. Operations of the company are fully computerized.

It is the ONLY Company from the District of Thrissur, Kerala, to be declared as "NIDHI" company by the Central Government under the provisions Section 620A of the companies Act, 1956.