Overview
What is Chit?
A Chit 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.
Why Chit Funds?
Chit fund provides a good source of finance for different type of people viz., small investors, businessmen, small scale industrialists, Individuals, Professionals, Salaried Class, Self employed, Households, Students, etc. A Chit is the Only Financial Product that allows you to Save and Interest free Borrow.
How it works?
The basic necessity of conducting a ‘Chit’ is a group of needy people called subscribers. The foreman—the company conducting the chit—brings these people together and conducts the chit.
Our Company Profile
J.N Chit Funds is one of the largest and fast growing chit companies in Chennai. We have customers across South India, United Kingdom, and Australia. The Company conduct chits ranging from 1,00,000/- to 50,00,000/- catering the needs of Individuals, Professionals, business people and people from all walks of life.
Our Team
JN Chit fund has grown in stature and size, through hard work, selfless service of,
Dr. M.V. Narayana Gupta
Managing Director
Founder of JN Chit Funds with a great mission to help customers grow in wealth & status
M.V.N. Mahendra Babu
Executive Director
An young & energetic entrepreneur, a tireless hard worker and dedicated leader
