We are a part of the financial conglomerate Muthoot Pappachan Group (MPG) and are inspired and guided by our group’s Trust story, which has been built over decades. Chit, being our first financial product, Muthoot Pappachan Chits (India) Pvt Ltd, endeavors to offer complimentary Chit Services to meet the unique financing requirements of our customers – both on the Saving & Borrowing front.
Saving money is an important aspect of life. We may also seek loans during the life cycle to acquire an asset or meet a financial emergency. Every common man needs to invest money and have a borrowing option in case of an emergency.
Chit – being a savings-cum-loan scheme, is a unique product that we offer to all classes of customers. At the same time, we maintain the highest level of ethical standards, best practices, professional integrity, corporate governance, and regulatory compliance.
The Muthoot Group started its first Chit fund in 1939, deeply rooted in ethics, Trust, and financial sobriety. Our financial market experience enables us to simultaneously deal with challenges and capitalize on emerging market opportunities effectively. Accordingly, in 2012, we relaunched our Chit business in a new form by incorporating a new company called Muthoot Pappachan Chits (India) Pvt Ltd.
The MPG brand is synonymous with Trust and integrity. We offer a diverse range of products and schemes. You can conveniently access them through our various customer touchpoints/channels such as branches, agents, online, etc. Our members also get to choose between multiple security norms for prize money. All these features set us apart from traditional chit operators.
At the core of Muthoot Blue is its Purpose:
“To transform the lives of the common man by improving their financial wellbeing.”
To provide timely small credit to millions of ordinary people and also provide them with simple solutions to save their hard earnings.
To be the most trusted financial services provider, at the doorstep of the common man, satisfying him immediately with easy and simple products.
We will do everything to gain and maintain the Trust of all the stakeholders by living on our Core values every day. “Integrity – Collaboration – Excellence”.
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