Company Information

Get to know Sunitha Chit Funds Pvt Ltd

Founded in 1982 by Mr. V. Janardhan Rao, Sunitha Chit Funds is a private limited company registered under the Chit Fund Act of 1982. The company operates as a Non-Banking Financial Company (NBFC) and is a well-established name in the chit fund industry, primarily in the Indian states of Telangana and Andhra Pradesh. Its core business involves managing chit groups where members contribute a fixed sum periodically, with the collected amount being allocated to one member at a time through an auction or lottery system, providing a unique platform for both saving and accessing credit.

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Sunitha Chit Funds Pvt Ltd

India

Founded in

2010 (16 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

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Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.