We are a part of the financial conglomerate Muthoot Pappachan Group(MPG), remain inspired and guided by the Trust story of our group- MPG, built over decades. Chit, being the first financial product of the group, Muthoot Pappachan Chits (India) Pvt Ltd, endeavours to offer complementary Chit Services to its customers who have unique financing requirements – both in Saving & borrowing front.
Saving money is an important aspect of life. During the life cycle, we may also seek loans either for acquiring an asset or meeting any financial emergency. Investing money and a borrowing avenue in case of an emergency, is a desire of any common man. Chit – being a savings-cum-loan scheme, we offer this unique product to all class of customers by maintaining the highest level of ethical standards, best practices, professional integrity, corporate governance and regulatory compliance.
The Muthoot Group has started its first Chit fund in the year 1939 deeply rooted in ethics, Trust and financial sobriety. Our experience of financial markets will help us to effectively cope with challenges and capitalize on the emerging opportunities available in the market. Accordingly, we relaunched our Chit business in the new form by incorporating a new company named Muthoot Pappachan Chits (India) Pvt Ltd in the year 2012.
Apart from the Brand MPG – name synonymous with trust and integrity, diversification of products & schemes, various customer touch points/channels like branch, agents, digital etc and availability of multiple security norms for prize money will differentiate us from traditional chit operators.