Committed to securing your financial future

 

1981-1991 – Laying the foundation

 

Kapil Chit Funds commenced business on May 03, 1981.

 

Kapil Chit Funds constructed its own office building in 1981 in karimnagar town where its registered office is also located.

 

In January, 1986, Kapil Chit Funds opened its second branch at Mayur Kushal Complex Abids, Hyderabad

 

The company was slowly expanding. Here’s a list of branches that were opened during this period.

 

June, 1990: Hanamkonda

1991: Suryapet and Kharkhana

 

The first decade of operations was spent in putting systems in place, identifying and training manpower and slowly but steadily laying a strong foundation for the future

 

The auction turnover for this period increased from 600,000 (six hundred thousand) in 1981 to 43,320,000 (Forty three million, three hundred and twenty thousand) in March 1991.

 

 

1991-2001 - Expansion

While the first decade was spent in laying the foundation, the second decade was the decade of expansion.

 

Kapil Chit Funds started branches in

 

1992: Khammam

1994: Kukatpally

1995: Eluru

1996: Mancherial and Dilshuknagar

1997: Warangal

1998: S.D Road, Mettuguda, Kothagudem, Huzurabad, and Rampur

1999: Santoshnagar, Nalgonda, Machilipatnam, and Godavarikhani

2000: Jagityal, Nirmal, Mahabubabad, Kazipet, Ashoknagar, and Ameerpet

 

The year 2000 was also a transformational year for the company. There were new management practices and changes in hiring and promotion policies. Until now all high level management posts were filled internally. The company started hiring external talent to fill up middle management positions.

 

The auction turnover during this period grew from 59,400,000 (Fifty Nine Million Four Hundred thousand) as on March 1992 to 899,520,000 (Eight Hundred and ninty nine million, Five Hundred and twenty thousand) as on March 2001

 

 

2001-2010 – Expansion and Consolidation

Kapil Chit Funds witnessed tremendous growth during this decade. The company established itself in Andhra and Rayalseema regions.

 

Here’s a list of branches that were opened during this period.

 

2001: Kushaiguda, Vishakapatnam, Vinayaknagar, Sangareddy and Gudiwada

2002: Jangaon, Siddipet, Miryalguda, BHEL, Kamareddy and Kodad

2003: Guntur, Vijayawada and Boopalpally

 

2004 witnessed phenomenal growth as 35 new branches were opened in locations such as Orugallu, NAD Vizag, Garimella, Prodattur, Vikarabad, Habsiguda, Mankammatotha, Cuddappa, Khairthabad, Kakinada, Chirala, Srikakulam, Tirupathi, Vijayanagaram, Rajamundry, Nellore, Tenali, Ongole, Ponnuru, Amalapuram, Adilabad, Kurnool, Anakapalli, Hindupur, Narsaraopet, Bhimvaram, Ananthapur, Gudur, Kavali, Nandyal, Nuzuvid, Rajampet, Palasa, Bodhan and Vijayawada-2.

 

In 2005, branches were opened in Mahabubnagar, MVP Colony, Bongir, Macharla, Jangareddy gudem, Adoni, Rajam and Badvel.

 

In the year 2008, in order to better monitor the expanding business and also to provide promotional avenues to the staff who have made the growth a reality, the management of Kapil Chit funds Pvt ltd decided to continue fresh chit business through its subsidiary companies mentioned below and eventually Kapil Chit Funds Pvt ltd would become the holding company of the Kapil Group of companies.

 

Kapil Chits (Karnataka) Pvt Ltd was started on 3rd July 2006 with its first branch in Bangalore

Kapil Chits (Hyderabad) Pvt Ltd

Kapil Chits (Kosta ) Pvt Ltd was started on 29th August 2008

Kapil Chits (Kakatiya) Pvt Ltd was started on 9th September 2008

 

The auction turnover reflects the tremendous growth that this decade saw. Auction turnover grew from 1,043,640,000 (One billion, Forty three million, Six hundred and forty thousand) as on March 2002 to 16,365,600,000 (Sixteen Billion, Three hundred and sixty five million, Six hundred thousand)

 

 

2012 – 2013

We are one of the top Chit fund company in Andhra Pradesh. We are well established, trusted by our customers and associates. We continue to grow with time tested values and ethics which are a part of our corporate culture.

There is a Tremendous growth of Turnover in the year 2012-2013. Auction turnover for the year 2012 is 2,070,235,000 and 2013 is 2,506,560,000.

 

2014

Now the latest reports show that our position and stability are stronger than ever with the total turnover being 3459.12 Crores with the number of branches being 203.