Founded in 1982 by Mr. V. Janardhan Rao, Sunitha Chit Funds is a private limited company registered under the Chit Fund Act of 1982. The company operates as a Non-Banking Financial Company (NBFC) and is a well-established name in the chit fund industry, primarily in the Indian states of Telangana and Andhra Pradesh. Its core business involves managing chit groups where members contribute a fixed sum periodically, with the collected amount being allocated to one member at a time through an auction or lottery system, providing a unique platform for both saving and accessing credit.

Founded in

India