Chitties pvt. Ltd. the flagship company of the
group was incorporated on 20th August, 1983, under the
Company’s act 1956. The certificate of incorporation shows the
number 09-3772 of 1983.
The company has been
promoted by a group of experienced , efficient and prominent
personalities based in Thrissur and Palakkad most of whom had/have
active association with the prestigious chamber of commerce and
therefore well versed in all fields of business activities
including ‘fund management’.
objective is to conduct kuries/chitties namely transactions
entered into by the company with a number of persons that,
everyone of the contributing parties shall, subscribe a certain
amount of money by periodical installments, for certain definite
period and that each, in his/her turn as determined by lot or by
auction or both shall be entitled to the price amount payable as
may be provided for in the agreement.
In pursuit of above
objective company had started various types of chits, monthly
kuries, quarterly kuries and pooval kuries (once in 4 months). The
company will strive to build long term relationship built on
integrity, security and trust. The plan is to fully exploit the
growth potential available in chit business of vehicle finance
with a planned growth rate to accomplish these strategic goals.
We intend to grow
eager not for the sake of size but rather to add people and
service, to add value to our clients. We regard our clients and
the relationship with them as well as our people as the most
valuable assets we have.