Hosur: Margadarsi Chit Fund Company, which is a leading company in the Chit Fund industry, opened its 120th branch in Hosur, Tamil Nadu on Wednesday. Ch Sailaja Kiron, Managing Director, Margadarsi Chit Funds Private Limited, inaugurated this branch. With this, Margadarsi network has expanded to a total of 120 branches across four states - Andhra Pradesh, Telangana, Tamil Nadu and Karnataka.
Since 1962, the company has been a symbol of trust among lakhs of customers spread over Andhra Pradesh, Telangana, Tamil Nadu and Karnataka for more than six decades. With over 60 lakh subscribers, the company has achieved a turnover of over Rs. 9,000 crores.
Hosur Mayor Satya, Hosur MLA Prakash, and Hosur Deputy Mayor Anandaiah participated in the opening ceremony of the new branch at Hosur.
Later, MD Sailaja Kiron, addressing the press, said: "The British called Hosur as Little England during their time. The reason for this is that the Hosur region is always a cold region. Hosur is also called the Rose City. After opening the 119th branch in Karnataka, I have opened the 18th branch in Tamil Nadu and the 120th branch of Margadarsi Company in Hosur today."
"We have lakhs of customers in 4 states namely Karnataka, Andhra Pradesh, Tamil Nadu and Kerala. We have simple people who save their money by investing a small amount every month and save money for education, business, agriculture and other family needs," she said. There are large-scale industries in the 800-year-old city of Hosur, which is close to Bangalore, she said, adding that besides Ashok Leyland, TVS, Nerolac, Titan, there are many factories and workers, so our company will be helpful for their welfare.
MD Sailaja Kiron said that at Margadarsi Chits, everything is conducted properly, duly following the government regulations and laws. "We will protect the trust of lakhs of our customers," said Sailaja Kiron.
Stating that the inauguration of the Hosur branch will be a proud moment for Margadarsi, MD Sailaja Kiron said, "Tamil Nadu has always been an important part of our lives. With this new branch, we aim to bring our trusted services closer to the people of Hosur. At Margadarsi, we are fostering financial freedom through transparent savings options. The Hosur branch is another step in this journey."
She said that Margadarsi Chit Fund is always close to the people of Karnataka. "It is committed to providing safe, transparent and disciplined savings options to help our subscribers achieve their goals. We continue to work hard to continue to deliver the excellent service that our subscribers expect from us," she said.
Margadarsi has been a preferred choice for individuals and businesses looking for safe savings plans. The reason is that it continues to offer financial solutions that are tailored to meet life's important events and entrepreneurs. The new branch opening in Hosur will continue this great tradition.
Since 1962, the company has been a symbol of trust among lakhs of customers. Margadarsi Chit Fund, which has more than 60 lakh customer, has done a turnover of more than Rs. 9,000 crores.
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