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WELCOME TO

Suggi Chits Pvt. Ltd.



Financial Goals

All you need to do is invest in Suggi Chit schemes-a financial concept that offer you a host of advantages

We can easily Achieve

Money can be withdrawn at anytime interval.
Personalized service.
Good returns ensured for any scheme.
Safety of money assured.
Yours saving will help meet your future expenses.

Your Path to Prosperity

Easy on your pocket, Suggi offers a range of chit schemes to suit different income groups. With monthly subscriptions ranging from Rs.400 to Rs. 1,00,000. So no matter how much you're capable of saving, you enjoy all the advantages of investing in chits.

Easy Access to Funds

With suggi, you can borrow a lump sum whenever you need it even before the chit period is completed. All you need to do is win the chit amount in an auction and avail it by provinding a surety.

Motto of the Company

Money is what money does. The life of a man is very ambitious one.To fulfill ones ambitions money is inevitable. Without money, man cannot realize his dream of own house, car, education, tour, marriage and vise verse. Here is our Suggi chits always ready to fulfill our needs. The features of our company are simple saving plan and withdrawal of your funds when and where you need. Our plan is formed according to the income of all the categories of the earning people. Our plan is formed according to the income of the the categories of the earning people.

We have solid aim of promoting the company and make it as the best among of this kind. We are giving maximum benefit to our customers by ways of discounts and incentives. Well-planned and systematic conduct of Chit, prompt settlement of proceeds, least formalities of documentation and securities are the some outstanding specialties of our company.

The SUGGI CHITS deals always legally and transparently.

When was SUGGI CHITS Established?
founder

The ISO 9001:2008 certificate being conferred to Mr. Anil Das ( Director of Suggi Chits Pvt. Ltd) by
Mr.Dheeraj Shetty( CEO of L.M.S Certification Pvt. Ltd.)

     

SUGGI CHITS Pvt. Ltd is a company. It was established and registered under Act 1956, on 21-3-2012.

Established By:

The founder of the SUGGI CHITS Pvt Ltd, is Mr. Anil Das. He is running after Das Promotions Home Nursing, Training and Service Company for the last 10 years not only in Karnataka but also in abroad. The company is sending the home nurses for nursing the old aged, patients, old age homes, hospitals. This company trains the trainee at free of cost and is succeeded in its effort.

Mr. Anil Das has got a dynamic personality, young and energetic. He serves the society socially and spiritually. He shoulders many responsibilities in these fields. At the time of “Das promotions” celebrating its decinary, Mr. Anil das made up his mind to establish one more company . The dream and decision of Mr.Das has come true in the form of “SUGGI CHITS Pvt Ltd”. Suggi means pleasure and enjoyment of the category of people who deal with the company. The purpose behind “Suggi chits Pvt Ltd” is to deal with the Customers legally and transparently according to its schemes and plans.

Board Of Directors

Mr.Anil Das

Mr.Anil Das

Mrs.Ashalatha Das

Mrs.Ashalatha Das


Mr.Mahesh M

Mr.Mahesh M

HOW DOES A CHIT FUND WORK!!

 

  • The amount of a said scheme is called the chit value.
  • The duration of the scheme is known as term period.
  • The people who are interested in investing in the scheme are called subscribers.
  • The amount to be saved every month by the subscriber is known as subscription.
  • The person or company operating the chit fund is known as the foreman.
chit

Once the chit group is active, the foreman registers the chit with the registrar of chits. He has to pay 100% of the chit value as security. This aids in protecting the interests of the subscriber.

chit

Let us assume the chit value is 1,00,000. And it is for the duration of 20 months. The foreman gathers 20 subscribers who are interested in investing in this chit group. The monthly subscription of every member is chit value/number of subscribers ie; 1,00,000 / 20 = 5,000.

chit

On a predetermined date, the foreman calls for an auction and the highest bidder gets the prize money. The maximum bid permitted is 40%. So, let's assume a subscriber has bid 35% of the chit value. 35% of 1,00,000 is 35,000. This amount is known as chit discount.

chit

So the subscriber wins prize money of chit value - chit discount i.e. 1,00,000 - 35,000 = 65,000.

The foreman charges 5% of the chit value as commission. So 5% of 1,00,000 is 5000. This commission of 5,000 is deducted from the chit discount of 35,000.The remaining amount of 30,000 is saved in the company.

Similarly, this scenario of auction repeats for the next few months until the chit discount of all the previous months together almost reaches Rs 1,00,000. So the foreman holds two auctions in that particular month where one from regular monthly subscription and another from chit discount almost reached Rs.1,00,000. Subsequently, in another few months, two more auctions are held and based on this two or three months of subscriptions is waived off. This will be the subscribers' dividend or profit.

SCHEMES

SCHEMES
Chit Series No. of Months Chit Value Monthly Install Max Bid Bid Amount Prize Amount Install Amount Div Amount Enroll Fee
S1F1 25 1,00,000 4000 30% 30,000 70,000 3000 1000 100
S1F1 40 1,00,000 2,500 30% 30,000 70,000 1,875 625 100
S5L1 50 5,00,000 10,000 40% 2,00,000 3,00,000 6,500 3,500 200
S1L1 50 1,00,000 2000 30% 30,000 70,000 1875 625 100
S2F1 40 2,00,000 5000 30% 60,000 140,000 3750 1250 150
S5F1 40 5,00,000 12,500 30% 1,50,000 3,50,000 9375 3125 200
S10F1 40 10,00,000 25,000 30% 3,00,000 7,00,000 18,750 6250 200
S20F1 40 20,00,000 50,000 30% 6,00,000 14,00,000 37,500 12,500 300
S25S1 25 25,00,000 1,00,000 30% 7,50,000 17,50,000 75,000 25,000 300

SUBSCRIPTION DETAILS

Sl. No. Monthly Subscription No. of Months Chit Value Total Members
1 400 25 10000 25
2 1000 25 25000 25
3 2000 25 50000 25
4 3000 25 75000 25
5 4000 25 100000 25
6 6000 25 150000 25
7 10000 25 250000 25
8 20000 25 500000 25
9 100000 25 2500000 25
10 1000 30 30000 30
11 2000 30 60000 30
12 5000 30 150000 30
13 10000 30 300000 30
14 20000 30 600000 30
15 50000 30 1500000 30
16 100000 30 3000000 30
17 1250 40 50000 40
18 2500 40 100000 40
19 5000 40 200000 40
Sl. No. Monthly Subscription No. of Months Chit Value Total Members
20 7500 40 300000 40
21 10000 40 400000 40
22 12500 40 500000 40
23 20000 40 800000 40
24 25000 40 1000000 40
25 50000 40 2000000 40
26 100000 40 4000000 40
27 500 50 25000 50
28 1000 50 50000 50
29 2000 50 100000 50
30 3000 50 150000 50
31 4000 50 200000 50
32 5000 50 250000 50
33 6000 50 300000 50
34 10000 50 500000 50
35 20000 50 1000000 50
36 30000 50 1500000 50
37 50000 50 2500000 50
38 100000 50 5000000 50

BROCHURES




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ISO CERTIFICATE
Certified as Quality Management Service by
L M S Certification, Australia
Accrediated by Joint Accreditaion System of Australia and New Zeland

ContactUs
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C-16,#3-138/35, 2nd Floor, Emporium Commerial Complex, Kankanandy Old Road, MANGALORE-575002.

suggi.chits@yahoo.com

0824-2438666