Chit Is Better than any Kind of Savings.


Chit Is Better than any Kind of Loans.

Chit is the most transparent and Guarantee Saving Systems In India.

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SRI AADHILINGA CHITS PRIVATE LIMITED

Welcome to

Sri Aadhilinga Chits Private Ltd

The Company was incorporated on 31st MAY 2019 and registered with the Registrar of Companies, Tamil Nadu, Kanchipuram. The registration number is 129678 / 2019 and the CIN of the company is U65992TN2019PTC129678.

The day-to-day affairs of the company are managed by its Managing Director, ably assisted by experienced staff members.


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Smart way to save and borrow

Plan

Plan your finances such that you meet every contingent expense without feeling pressured.

Borrow

A chit is the only financial product that allows you to save and borrow. Be smart; avoid the pitfalls of borrowing at exorbitant costs from money lenders and other financial channels. Borrow with lesser hassles.

Reap

Sri Aadhilinga chits is your trustworthy, safe and reliable companion to help you reap maximum benefits from investing in a chits.

The History

  • Sri Aadhilinga chit fund is one of the largest and fastest growing chit companies in Tamilnadu.we have got experience in the chit For about 4 years, and has a network of 3 branches spread across KANCHIPURAM, TIRUVANNAMALAI, NEYVELI. The Company has invested adequately in infrastructure and facilities that help us in continuous monitoring of our subscribers and analyzing our performance.
  • Aadhilinga Chits3000+ Customers Happy to Chits Fund.
  • Our New Branches Soon

Services

  • Auctions for all groups will be conducted once in a month, time and date of first auction of the chit group will be intimated to all subscribers soon after the completion of the enrollment to each group.
  • For the convenient of the subscribers collection for the chit monthly subscription can be made at their door steps in daily/weekly/monthly basis.
  • From the second month onwards the kasar will be divided equally.
  • Ceiling on auction bid: 30% percent up to 40% percent of Chit value.
  • Company Commission 5% only

Our Values

  • Financial planning is mandatory for every one. It is sensible to earmark a small amount from your business/income every month as a reserve to face any contingencies in business such as price fluctuations.

Comparative Advantage

  • A large number of Chit subscribers of Sri Aadhilinga are Corporate/Business Houses, Professionals, Retail Traders, Small Businessman and others who do not have access to bank or other Institutional finance due to rigidities in margin requirements, security,surety etc. It is gratifying that SRI AADHILINGA could help thousands of such enterprises grow into prosperity with timely “SUPPLY” of resources.” GROW WITH AADHILINGA” is what our customers say and the message we have for our new Clients.
  • It is unique in enforcing a ceiling of 30% on chit discount, even before the Chit Funds Act,1982 was enacted. Though the Act permits a discount upto 40% SRI AADHILINGA still allows a maximum discount of 30% on all chits in order to protect the interests of all subscribers in general.
  • BANK FIXED DEPOSIT RECEIPTS are being offered to the registrar as chit security in compliance with section 20 of the Chit Funds Act,1982. The chit security deposits as on the balance sheet dates of the last four years are as shown here
DATE CHIT SECURITY DEPOSIT IN Rs
31.03.2022
31.03.2021
31.03.2020
31.03.2019

Chit Funds

The name ‘Chit Funds’ typically makes many brows rise. They come under the media ire ever so often, and it’s time we unpack what’s behind this. Sri Aadhilinga has curated the information below to help dispel myths about this unique savings cum lending instrument.

what is a chit fund ?

A Chit fund is a kind of savings scheme practiced in India. A chit fund company is a company that manages, conducts, or supervises a chit scheme as defined in Section of the Chit Funds Act, 1982.

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why chit fund

Chit provides a good source of finance for different type of people viz., small investors, businessmen, small scale industrialists etc.

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how it works

The basic necessity of conducting a ‘Chitty’ is a group needy people called subscribers. The foreman the company or person conducting the chitty brings these people together and conducts the chitty.

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