60 Lakh Subscribers
60 Years in service
113 Branches across 4 States
Not affected by market conditions
60 Lakh Subscribers
60 Years in service
113 Branches across 4 States
Not affected by market conditions
60 Lakh Subscribers
60 Years in service
113 Branches across 4 States
Not affected by market conditions
60 Lakh Subscribers
60 Years in service
113 Branches across 4 States
Not affected by market conditions
60 Lakh Subscribers
60 Years in service
113 Branches across 4 States
Not affected by market conditions
Discover the magic of investing with Margadarsi
In a chit fund, members contribute money to a pool and take turns withdrawing from it through an auction process.
Share your details with us to know more. It’s free!
Chit Plans Ranging from
Why Us
Employees
Testimonials
Be it higher education for our children, building our dream house and many other Investments, It's always been Margadarsi helping us realize our dreams and goals.
K. Vinay & Poornima Vinay, Trading and Hotel Business, Bengaluru
I'm glad we chose Margadarsi as a reliable partner. Margadarsi helps us with emergency fund mobilisation for infrastructure development. As a fast growing hospital, it's very important to have financial backup and Margadarsi is a perfect partner we can trust. Best wishes to Mr Ramoji Rao & Smt Sailaja Kiron on the diamond jubilee of Margadarsi.
Dr. Gunturu Varun, Varun Cardiac Sciences, Vijayawada
Our association with Margadarsi dates back to almost 15 years. Their strict policies towards safeguarding investor monies is a reassurance for business owners like us. There's no exaggeration in the fact that Margadarsi is like a saviour in the hour of need. I recommend everybody to subscribe to a Margadarsi chit.
S.S. Shanmugan, Kasturi Packagings, Coimbatore
We are subscribers of Margadarsi Chits since 20 years. The chit helps us as a backup source in times of need as an emergency fund. We are indeed fortunate to have Margadarsi stand by us through thick and thin.
Lathamani Selaraj, Rajesekhara Petrol Fill & Oil Services, Coimbatore
Margadarsi Chits helped me realize many of my personal and professional commitments. As a finance professional, I strongly recommend everybody to develop a savings habit and subscribe to a Margadarsi Chit as it is a unique financial instrument from the trusted Ramoji Group.
U.H. Abdul Naseer, Chartered Accountant, Davangree
My father began a subscription to a Margadarsi Chit way back in 1996 and Margadarsi plays a big rolle in our progress by arranging quick funds even at a short notice. I remember, an important national holiday was approaching and we had financial commitments to keep, thanks to Margadarsi, we could easily honour our commitments. Apart from working capital, thanks to Margadarsi, we own this building today.
Pavitraa, Pavitra Graphics, Chennai
It's been 15 years since I joined Margadarsi Chit group. Thanks to Margadarsi, we could easily tide over the pandemic. Even today, we depend on Margadarsi for our business operations. It's a great backup instrument and I suggest every entrepreneur to subscribe to a Margadarsi Chit.
Alapati Srikanth, Cotton Shop, Vijayawada
Understand Chits. It’s simple
Margadarsi Chit Fund is your trusted partner in growth and in securing your future by enabling members to compulsorily save, borrow anytime and plan for life events. Margadarsi has been growing consistently for over 60 years with a member centric approach, professional integrity, financial discipline and timely disbursal of prize money. With the current base of over three lakh satisfied members and a turnover of 10,700 crores, we are India’s #1 Chit Fund company. Our strong leadership, ethics, legacy and law-abiding culture has helped us in retaining our position.
A "ticket" means the share of a subscriber in a chit. The foreman always has the first ticket.
The whole chit fund operations are overlooked by one member of the fund known as the Foreman. Foreman acts on behalf of the chit fund management company by collecting the monthly investment from each chit fund member to record member details and overlooking the auctioning process. In other words, the company is the foreman.
A chit fund starts at a pre-specified date. Members keep their monthly installments in the pot. After that, an open auction takes place, permitting subscribers to bid for the value. A member who is ready to get the lowest amount is a winner. He/she receives the chit fund in that month. The foreman always claims the first month's bid. The members auction from the months after.
A chit fund is a financial arrangement or scheme where a group of individuals pool their money together for a specific period. The members of the group contribute fixed amounts regularly, and each month, one member is chosen through a lottery or auction to receive the entire pool of money.
A "prized subscriber" means a subscriber who has either received or is entitled to receive the prize amount. Every prized subscriber shall pay his subscriptions regularly on the dates and times and at the place mentioned in the chit agreement and, on his failure to do so, he shall be liable to make a consolidated payment of all the future subscriptions forthwith.
A "non-prized subscriber" means a subscriber who has not participated in an auction or won the bid.Every non-prized subscriber shall pay his subscription due in respect of every installment on the dates and times and at the places mentioned in the chit agreement and shall, on such payment, be entitled to obtain a receipt from the foreman.
By bidding it means the member agrees to forego some part of the money in order to claim the pot. The lowest bidder gets the pot, i.e. the one who is ready to forego the most. The Chit Funds Act, 1982 has put a cap on how much a member can forgo, which is 40% at max.
A "dividend' means the share of the subscriber in the amount of discount available under the chit agreement for rateable distribution among the subscribers at each installment of the chit.