The Mayavaram Financial Chit Corporation Limited

Company Profile:

The Mayavaram Financial Chit Corporation Ltd, popularly known as MFC is a registered public limited company. We are a Miscellaneous Non Banking Company conducting auction chits under the central chit funds act 40/82. We are in business since 1947, our experience and exposure in conducting chit business will be felt in the way we serve our Customers. Our company concentrates on quality of business against quantity of scale.

We are headquartered at Mayiladuthurai,Tamil Nadu and operate through branches in key strategic locations. In this volatile financial market we are marching ahead through the strength of honesty by adapting a few non-negotiable values.

- Modest Services - Financial Stability - Customer First…..

Why MFC?

Today there are Chit Funds Companies in every street and it is very important for customers to choose the right company. With our 65 years of experience in Chit Funds business we have a clear understanding on why customers choose us and what they should be aware of in choosing the right financial partner.

- Modest Services

We practice a very transparent process right from admission, auction, security and payments. Our trained professionals act as relationship managers between the customers and the company.

- Financial Stability

It is imperative to gauge the financial stability of a company before accepting them as your financial partner. By choosing MFC you are dealing with a company, which has 65 years of heritage in delivering sustained growth and profit. Today the company boasts a total reserve and surplus in excess of INR 59 Million.

- Customer First

We follow a very stringent process in scrutinizing our Customers during the admission process and adapt a foolproof system for security and payment. This is primarily to ensure safety of customer funds. We do this with every customer and this has ensured that our default rate is less than 1 %, which is way minimum from our competition.