We are a part of the financial conglomerate Muthoot Pappachan Group (MPG) and are inspired and guided by our ’trust’ story, built over decades. Chit is the first financial product of the Muthoot Pappachan Group We endeavour to offer complimentary Chit Services to meet the unique financing requirements of our customers – both on the Savings & Borrowing front.

Saving money is an important aspect of life. We may also seek loans during the life cycle to acquire an asset or meet a financial emergency. Every person needs to invest money and have a borrowing option in an emergency.

Chit – being a savings-cum-loan scheme, is a unique product that we offer to all classes of customers. At the same time, we maintain the highest level of ethics, best practices, professional integrity, corporate governance, and regulatory compliance.

The Muthoot Group started its first Chit fund in 1939, deeply rooted in ethics, trust, and financial sobriety. Our experience in the financial market enables us to deal with challenges and capitalize on emerging market opportunities effectively. Accordingly, in 2012, we relaunched our Chit business in a new form by incorporating a new company called Muthoot Pappachan Chits (India) Pvt Ltd.

The MPG brand is synonymous with trust and integrity. We offer a diverse range of products and schemes. You can conveniently access them through our various customer touchpoints/channels such as branches, agents, online, etc. Our members can also choose between multiple security norms for prize money. All these features set us apart from traditional chit operators.