Sunitha chit funds Private Limited was incorporated under Companies Act in 1981 and has been in the chit fund business for more than 10 years.
Sunitha chits is backed by its seasoned team of professionals who have sound knowledge and experience and can understand any query related to chits and can help you get maximum benefits from investing in a chit. With more than 10 years of experience in Chit business, it is the safest, most reliable and trustworthy company to make your chit related investments.
Since inception, honesty and transparency have been inbuilt into the our company culture. We enjoy a lot of goodwill in the markets we operate in and we guard our reputation closely.
Our objective is to offer proven but an alternate means of saving and borrowing solution to fast-growing population of knowledge workers, self-employed professionals and entrepreneurs while extending the benefits of convenience and transparency coupled with power of professional networking.
Chit is a mutually beneficial scheme where in a group of people contribute towards the chit value and one member from the group is given the prize amount and the dividends are distributed to all the other members. For Example if we consider a chit value of Rs.100000/- with 50 members in the group each member has to contribute Rs.2000/- where by (50 X 2000) Rs.100000/- is collected.
The auction is conducted in which the members participate and the person who discounts the maximum is declared as the prized subscriber. If there are more than one participant for maximum discount the Successful Bidder will be determined by way of lottery. Where in, the tokens bearing the numbers allotted to the members is put into a box and one token is drawn by any of the member present in the auction and thus, the member whose number is mention on the drawn token will be declared as the Successful Bidder.
35% is the maximum bid allowed, which means a person foregoes Rs.35000/- and the balance Rs.65000/- is paid to the prized subscribers. Out of 35% discount 5% goes to the company towards company's commission for conducting the chit and balance of the discount amount is distributed equally amongst all members of the group.
| Chit Value (₹) |
Monthly subs (₹) |
No of Months |
Bid Total (₹) |
The prize Total (₹) |
Expected profit (₹) |
Expected subs (₹) |
|---|---|---|---|---|---|---|
| ಚೀಟಿ ಮೊತ್ತ (₹) |
ಕಂತಿನ ಹಣ (₹) |
ಕಂತುಗಳು | ಬಿಡ್ ಮೊತ್ತ (₹) |
ಬಹುಮಾನಿತ ಮೊತ್ತ (₹) |
ನಿರೀಕ್ಷಿತ ಲಾಭಾಂಶ (₹) |
ನಿರೀಕ್ಷಿತ ಕಂತಿನ ಹಣ (₹) |
| 1,00,000 | 5,000 | 20 | 30,000 | 70,000 | 1,250 | 3,750 |
| 1,00,000 | 4,000 | 25 | 30,000 | 70,000 | 1,000 | 3,000 |
| 2,00,000 | 8,000 | 25 | 60,000 | 1,40,000 | 2,000 | 6,000 |
| 3,00,000 | 10,000 | 30 | 90,000 | 2,10,000 | 2,500 | 7,500 |
| 5,00,000 | 25,000 | 20 | 1,50,000 | 3,50,000 | 6,250 | 18,750 |
| 5,00,000 | 20,000 | 25 | 1,50,000 | 3,50,000 | 5,000 | 15,000 |
| 6,00,000 | 20,000 | 30 | 1,80,000 | 4,20,000 | 5,000 | 15,000 |
Founder of Sunitha chits. He is a sewing machine dealer of all companies in Sindhanur and also worked in chit filed more than 20 years along with his business.
He has Hotel business in Sindhanur for past 30 years and also has good knowledge and experience in business and marketing, More than 8 years of experience in chits.
He has more than 25 years of experience in finance and chit fund industry with various groups, With his industry experience Sunitha chits scaled the business to the next level.
He has completed is graduation in Computers and joined Sunitha chits from day one. He as made Sunitha chits more digital. and scaled the business to the next level
Address: Beside SBCM theater 1st floor SBCM complex Sindhanur Karnataka - 584128
Web: www.sunithachits.com
