Hyderabad|India|October'2011: Kerala based Kalpetta Janakshema Maruthi Chits Pvt. Ltd.,a decade plus old chit fund company now forays into Andhra Pradesh. Maruthi Chits opened its first branch in Andhra Pradesh here at Abids, Hyderabad . And 2nd branch in Vijayawada.

Disclosing this in a press note to the media in Hyderabad Mr. A. Pushparaj, Director informed that Maruthi Chits which has over 2 lakh subscriber base, 1000 employees and Rs 36 crore annual subscription turnover together of all 60 branches spread over all the southern states. It is now for the first time foraying into Andhra Pradesh. We are entering the Andhra Pradesh market with the opening of our first branch in Andhra Pradesh at Abids, Hyderabad and the second branch in Vijayawada today, said Mr. Pushparaj. Over the years Maruthi Chits has gained the reputation of being a concrete saving and support option that provides true value for money for its subscribers. At Maruthi Chits, we offer Easy installment, Higher division, Prompt payment, Honest service, Hassle-free document process and the Lowest Company Commission, he said.

The Veera Maruthi Business Group of which Maruthi Chits (P) Ltd. is a division has diverse businesses such as Life & General Insurance, Tours & Travels and Finance. Incepted in 1999, Kalpetta Janakshema Maruthi Chits is the flagship company of the Veera Maruthi Business Group which has made the concept of chit funds, very much a co-operative investment and finance option of mass appeal. Maruthi Chits has extended exceptional services over the past 13 years, maintaining a sustained growth and today acquired a significant name in the Chit Fund Business in Kerala said Mr. Pushparaj.

Over the years, we have satisfactorily given service to over 2 lakh subscribers. More than 1000 people work in our organization at various levels of the organization at 60 branches spread over all the southern states of Kerala, Karnataka and Tamilnadu, Mr. Pushparaj added.

Mr. Achuthan Nambiar, GM speaking on the occasion said that at Maruthi Chits, the deposits from the customers are handled with the fact in mind that it is to be returned to the customers and this forms the most important factor behind the success of Maruthi Chits. State-of-the-art technology and a transparent accounting system, has transformed Maruthi Chits into an attractive, contemporary alternative to the Banking System. We are proud to be recognized as a trustworthy organization and will continue to give service to all our esteemed clientele in the years to come, he said.