Here is the List of Top Chit Fund Companies In India
Shriram chits are the biggest chit fund finance in the India and probably a protected & safe for one. Strangely, it has just about 6,000 Chit representatives and furthermore serves states like Andhra Pradesh, Karnataka, Tamil Nadu and Maharashtra. This is one of the oldest chit funds in India from the private sector. One can darely put their resources into them on the off chance that one has plans to collect cash for an event. The organization has a 22, 00,000 clients. Additionally, recollect the assessment risk that could emerge from chit reserves, which one needs to pay.
Mysore Sales International
Mysore sales international chit funds belongs to Government of Karnataka foundation. The chit funds business began in 2005. This organization has plans that take into account all. These plans are prominent as they consolidate limited quantities to begin with. The best piece of this chit funds is that it is protected, since it has the services of Karnataka backing. To that degree they are exceptionally very safe and there is no reason to stress ourselves to backup. The benefits of the chit funds are that they give hard money and are accessible during an emergency.
Margadarsi Chit Funds
Margadarshi Chit Fund Private Limited was founded on October 1962, by Ramoji Rao of Eenadu groups. Chit Funds is an individual monetary idea, which has the flexibility to borrow now or save. By paying one-month instalment sum, a person can get the chance to acquire from the chit value. Margadarsi Chit Fund Private Limited has three branches in three unique states in Andhra Pradesh, Karnataka, and Tamilnadu. Margadarsi Chit Fund Private Ltd gives different plans like one of the names of the Scheme in STE. If a client pays month to month Rs.200 for 25 months, the chit value is Rs.5000. Another Scheme is STF, under which the client pays month to month Rs.400 for 25 months and the chit esteem is 10,000.
Kapil Chit funds
Kapil Chits is a Private Limited chit fund company established on 29 August 2008. It is classified as Non-govt company and is registered at Registrar of Companies, Hyderabad. It is having authorized share of about Rs. 5olakhs. It is also involved in other financial companies. It is guiding by Ministry of Corporate Affairs (MCA). Directors of Kapil Chit funds are from Hyderabad only.
Guru Nanak Chit Fund
Guru Nanak Chit Fund Pvt Ltd is a Private limited company established on 29 June 1964. It is classified as State Govt company and is registered under the Registrar of Companies at Kanpur. Its authorized share capital is Rs. 20,000. It is a 53 year old company that provides satisfaction to the customers and it is safe.
Purasawalkam Santhatha Sanga Nidhi Limited
Purasawakam Santhatha Sanga Nidhi Limited is a Public limited company established on 06 June 1879. It is classified as Non-govt company and is registered at registrar of Companies at Chennai. Its authorized share capital is Rs. 20,000,000 and its paid-up capital is almost of Rs. 7,350,000. It doesn’t allows maximum reduction in the prize money.
Government of Kerala backed Chitty
The Kerala State Financial Enterprises likewise leads a Chitty or Chit Fund. This again is an extremely sheltered and a standout amongst other chit reserves, basically on the grounds that it is supported by the government of Kerala. The aggregate of the membership sum or the chitty sum, is given to the individual who offers by considering the most extreme decrease in the prize cash. This store is to a great extent limited to individuals in Kerala and that is most likely the disservice as the system is to a great extent situated in the state.
Gielle Investments Ltd
Gielle Investments Ltd joined with MCA on 05 September 1894. The Gielle Investments Ltd is recorded in the class of public organization and delegated Non Govt Company. This organization is enrolled at Registrar of Companies (ROC), Kolkata with an Authorized Share Capital of Rs. 10.0 LAC and its paid-up capital is 6.0 LAC.
Amruthadhara Chits and Finance Private Limited
Amruthadhara Chits AND Finance Private Limited is a Non-govt organization, established on 31 Dec, 1900. It’s a private unlisted organization and is named ‘organization restricted by shares’. Companies’s approved capital stands at Rs 2.5 lakhs and has 18.4% paid-up capital which is Rs 0.46 lakhs. Amruthadhara Chits AND Finance Private Limited is significantly in Finance business from most recent 119 years and as of now, organization tasks are under liquidation.
Louis Chit Funds Private Limited
Louis Chit Funds Private Limited is a Non-govt organization, consolidated on 31 Dec, 1900. It’s a private unlisted organization and is named under ‘organization restricted by shares’. Organization’s approved capital stands at Rs 0.5 lakhs and has 96.0% paid-up capital which is Rs 0.48 lakhs.
- Why people have to invest in Chit Funds?
- Easy to join as there is no formalities are needed
- High amount of Promised Return
- Option of small deposit is available
- High Liquidity ratio
- Doorstep collection by Agents
- How many kinds of chit funds are there?
There are three kinds of chit funds are there. Based on different types of Platforms chit funds are classified as below:
- Chit subsidizes run by State governments like Kerala State Financial Enterprises and Mysore Sales International Ltd and PSU run Chit fund reserves.
- There are already registered Chit finances like Shriram chits and so on which are controlled by huge business houses and are enlisted.
- Unregistered Chit funds, which are run based on friendship and nearness of the individuals and groups.
- Name some Important Facts and Figures of Chit Fund Business in India?
India has around 15,000 chit fund Groups and Companies
- Kerala State is running its very own Chit Fund organization named Kerala State Financial Enterprise which has activities all through the state.
- Out of the 15,000 chit fund organizations/groups, just short of what one percent run it as professional business unit. Rest of all work in unorganized arrangements.
- Chit Fund cash is utilized by the financial specialists in India is predominantly utilized for marriage, property buying, Vehicles, buying Assets, Consumer Non-durable products and etc.
Disclaimer : Chit funds are the high risk investments