About Us
About Valumoorthy Velayutham Chits Pvt Ltd
As a 25-year-old chit funds company, we have come a long way since our inception. Our journey started in the year 1998 with a small team of dedicated professionals who were passionate about providing financial solutions to people who were undeserved by traditional banking institutions. Under the Chairmanship of Shri P.Thanakaran under whose leadership and direction the company had established its values and principles in the chit industry. Over the years, we have grown in strength and have expanded our services to cover a wide range of financial products and services. Our core business continues to be chit funds, which remains a popular investment option for traders, Govt employees, self employed and Housewives etc. Chit funds, also known as “kitty parties,” are a form of savings and investment plan where a group of people pool in their money on a regular basis. Each member contributes a fixed amount of money every month, and the total amount is then auctioned off to one member who bids the highest. The auction continues until all members have received their share of the pool.
This act requires that chit funds be registered and regulated by the state government, and that they follow strict rules and guidelines to ensure the safety of investors’ money. Chit fund companies typically offer several benefits to investors, including the ability to earn higher returns on their money than they might be able to get through other investment options. They also offer a way for individuals with limited financial resources to pool their money together and participate in larger investments that would otherwise be out of reach. As a 25-year-old chit funds company, we are proud of the trust that our customers have placed in us. We are committed to providing them with the best possible financial solutions and ensuring that their investments are safe and secure. Our mission is to continue to grow and expand our services to reach even more people and help them achieve their financial goals.Chit funds are popular in many parts of the world, particularly in India, where they are regulated by the Chit Funds Act of 1982.
Our Vision
We rarely spend money to talk or advertise about us and our services. Valumoorthy Velayutham Chit has become the favorite medium of savings or source of funds for more than customers from all walks of life. But our customers eloquently express their trust in us by getting more and more subscriptions year after year.
Our Mission
Our chit funds have always been popular among our customers because of the transparency, safety, and trust that we provide. We have a robust system in place that ensures that our customers' investments are safe and secure. Our company is regulated by the Reserve Bank of India, and we comply with all the necessary legal requirements.
