Chairman's Message

Message from the Chairman

Thank you for your interest in Manappuram Chits.

Established in the year 2000 and registered under the Chits Fund Act 1982, Manappuram Chits is part of the well-known Manappuram group. As you may know, the flagship of the Manappuram group is Manappuram Finance Ltd., a non-banking finance company engaged predominantly in gold loans and ranked among the top 15 NBFCs in India. Manappuram Chits India Ltd. takes pride in its pedigree. Today, we are a professionally managed company with a strong management team and a proven track record in the financial services sector. Over the last 16 years, we have emerged as one of the leading chit promoters in South India with our unique service-oriented approach. Our strength is our ability to cater to our customers’ credit needs at the minimum cost by professional management of chit operations backed by extensive use of technology.

We have a track record of devising customer friendly Chit Fund Schemes that cater to your credit needs at lower interest rates. Importantly, we conform to all RBI guidelines and our fully computerized operations are transparent with the Foreman’s commission limited to 5 percent.

We see our larger purpose as helping our customers achieve their goals with value added products that encourage the savings culture. And we request you to make Manappuram Chits your financial partner for a fruitful experience with good returns and assured safety.

V.P. Nandakumar