About Shriram Chits
Shriram Chits is a company based in Chennai (India) founded in 1974. It operates as a Commission-Based. The company has 2,907 employees as of April 03, 2024. Shriram Chits offers products and services including Chit Funds. Shriram Chits operates in a competitive market with competitors including myPaisaa, Money Club, Finlok, SahaBhagi and Kanakadurga Chit funds, among others.
- Headquarter Chennai, India
- Employees 2907 as on 03 Apr, 2024
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Shriram Chits (India) Pvt Ltd
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$46.25 M (USD)21.24as on Mar 31, 2022
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Net Profit
$6.74 M (USD)67.02as on Mar 31, 2022
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EBITDA
$838.47 K (USD)149.66as on Mar 31, 2022
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Latest Funding Round
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Investors
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Employee Count
2907
as on Apr 03, 2024
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Products & Services of Shriram Chits
Shriram Chits offers a comprehensive portfolio of products and services, including Chit Funds. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Chit funds are offered for saving and borrowing.
Funding Insights of Shriram Chits
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Shriram Chits
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Shriram Chits
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shriram Chits Comparisons
Competitors of Shriram Chits
Shriram Chits operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as myPaisaa, Money Club, Finlok, SahaBhagi and Kanakadurga Chit funds, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital chit fund schemes and savings plans are provided.
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| domain | founded_year | HQ Location |
Pooled savings and borrowing are facilitated by a community platform.
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| domain | founded_year | HQ Location |
Group savings are enabled via a digitized ROSCA model platform.
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| domain | founded_year | HQ Location |
SahaBhagi is a platform for managing financial self-help groups.
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| domain | founded_year | HQ Location |
Manages group savings and chit fund platforms for individual users.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Shriram Chits
When was Shriram Chits founded?
Shriram Chits was founded in 1974.
Where is Shriram Chits located?
Shriram Chits is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
How many employees does Shriram Chits have?
As of Apr 03, 2024, the latest employee count at Shriram Chits is 2,907.
What is the annual revenue of Shriram Chits?
Annual revenue of Shriram Chits is $46.25M as on Mar 31, 2022.
What does Shriram Chits do?
Shriram Chits is involved in offering chit fund services as a form of saving and borrowing for various customer segments. The company operates in the financial services sector, catering to small investors, businessmen, and small-scale industrialists. Services are provided across multiple regions in India, ensuring accessibility through online payment options and branch networks. Solutions are tailored to meet the needs of the common people with low transaction costs.
Who are the top competitors of Shriram Chits?
Shriram Chits's top competitors include myPaisaa, Money Club and Finlok.
What products or services does Shriram Chits offer?
Shriram Chits offers Chit Funds.