The Company is incorporated
under the Companies Act 1956(No.1 of 1956) started in a
modest daily savings scheme in 2006 and gradually when
company was registered in 2012 adopted name KODACHADRI CHITS
PRIVATE LIMITED and extended its functioning. For the ease
of customer company transactions are fully computerised,
providing computerised Daily collection facility, SMS
facility for latest intimations, information through website.
The company has adopted continuous management training
programs at various lavel.
"The objective of the company is to provide financial assistance to common peoples.
The Yeomen service of KCPL is in collecting chit amount as the
door steps of the
subscriber."
"Our arrangement for daily collections of no extra charges or costs has been widely acclaimed as instrumental in developing thrifts and savings habits among thousand of small entrepreneurs. ."
MEANING OF
CHITS
Chit means a transaction whether called chit, chit fund, chitty,
kuri or by any other name by
or under which a person enters into an agreement with aspecified
number of persons that every one of them shall subscribe a certain
sum of money (or a certain quantity of grain instead) by way of
periodical installments over a definite period and that each such
subscriber shall, in his turn as determined by lot or by auction or
by tender or in such other manner as may be specified in the
chit agreement, be entitled to the prize amount.
Kodachadri Chits Pvt Ltd © 2016