Financial Services
Helping Create Wealth. Empowering people through prosperity. Resulting in inclusive growth.
The relentless pursuit of this mission, since our inception in 1974 has given the Shriram Group our raison d'être and our distinct identity. The Group’s reputation for effectiveness, transparency and integrity has helped it to become one of India’s largest Financial Services Network.
- 40,00,000 customers
- 80,000 agents
- 12,000 employees
- 1,000 branches & service centres
- Rs.13,500 crores - assets under management
Shriram Chits is the largest chit funds entity in India. The trusted household Savings & Investments service provider, a pioneer in Micro Finance in India. The inexorable growth registered by Shriram Chits in recent years not only indicates the usefulness of this ancient instrument, but it is also a reflection of the customers' trust in the Shriram Group. The Annual Auction Turnover of our Chit Companies is touching Rs.3,000 crores.(US$ 715 million).
Shriram Chits boasts the best record for timely disbursement of funds among all Chit Funds and offers excellent customer service for a community of 22,00,000 Subscribers.
Shriram Chits started operations in 1974 with a single branch. Today, our Chit Companies operate in Andhra Pradesh, Karnataka, Maharashtra, Puducherry (Pondicherry) and Tamil Nadu, through 465 Branch offices, employing 6,000 people and 65,000 Agents.
Using state-of-the-art technology and a transparent accounting system, Shriram Chits has transformed this 3,000 year old instrument into an attractive, contemporary alternative to the Banking System.
Shriram Chits (India) Private Ltd.
