Wednesday, April 30, 2008

Margadarsi Chit Fund Limited @ Miyapur

Margadarsi Chit Fund Limited

Over three decades ago, Margadarsi Chit Fund showed the people of Andhra Pradesh the way for a happier life. Guided by the vision and determination of Sri Ramoji Rao, Margadarsi made its humble beginning in October, 1962, in a small office with just two people working. To him can be credited pioneering the concept of chit funds in the state as never done before. Now it has become a household name in Andhra Pradesh.

Far from being a popular form of planning that it is today, chit funds was a little known concept when Margadarsi unfolded it in Andhra Pradesh. But with the passage of time and experience, chit funds became popular as people discovered in it an ideal way to save profitably and raise money at short notice to meet the contingencies. Many companies followed suit and chit fund companies sprung up like mushrooms. In this vast changing scenario, Margadarsi’s unchanging values like honesty of performance, professional integrity, high quality of service and absolute financial discipline helped in retaining its leadership position.

Margadarsi enjoyed exponential growth over the years and today employs 3,600 employees, and has 3,000 agents, 98 Branches, over 3,80,000 subscribers and a turnover of over Rs. 3100 crores. Margadarsi is not only No.1 Chit Fund Company, but also a household name in Andhra Pradesh.


Margadarsi Chit Fund Limited @ Miyapur Phone Number 40-23449315


SNo: Scheme Subscription Months Chit Value Members
1. STM 2,000 25 50,000 25
2. STP 4,000 25 100,000 25
3. STT 10,000 25 250,000 25
4. FTQ 1,250 40 50,000 40
5. FTW 2,500 40 100,000 40
6. LTB 5,000 50 250,000 50
7. LTT 10,000 50 500,000 50

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