Established in 1980 and registered under the Chit Funds Act, Mayavaram Chits Private Limited operates as a traditional chit fund company. Its primary business is to manage groups of subscribers who contribute a fixed sum monthly into a pool, with the collected amount (the 'pot') being allocated to one member of the group each month through a bidding process. The company's mission is to facilitate a reliable and transparent savings and credit system for its members, primarily serving the local community in Tamil Nadu, India.

Founded in

India