Established in 1993, NavaShakthi Chits Private Limited is a financial company registered under the Chit Funds Act, 1982. The company's core business is to manage and conduct chit schemes, a traditional Indian financial instrument that combines saving and borrowing. Members contribute a fixed amount periodically into a pool, and one member receives the lump-sum prize amount each period through an auction, providing a unique microfinance solution for its subscribers.

Founded in

India