About Margadarsi Chit Fund
Leads the chit fund sector in India, providing savings and financing options to individuals and supporting financial discipline.
Over five decades ago, Margadarsi Chit Fund showed the people of Andhra Pradesh the way for a happier life. Guided by the vision and determination of Sri Ramoji Rao, Margadarsi made its humble beginning in October, 1962, in a small office with just two people working. To him can be credited pioneering the concept of chit funds in the state as never done before. Now it has become a household name in Andhra Pradesh,Telangana,Tamilnadu & Karnataka. Far from being a popular form of planning that it is today, chit funds was a little known concept when Margadarsi unfolded it in 1962. But with the passage of time and experience, chit funds became popular as people discovered in it an ideal way to save profitably and raise money at short notice to meet the contingencies. Many companies followed suit and chit fund companies sprung up like mushrooms. In this vast changing scenario, Margadarsi’s unchanging values like honesty of performance, professional integrity, high quality of service and absolute financial discipline helped in retaining its leadership position. Margadarsi enjoyed exponential growth over the years and today employs 4,300 employees, and has 16,015 agents, 105 Branches, over 3,11,146 subscribers and a turnover of over Rs.11,206 crores. Margadarsi is not only No.1 Chit Fund Company, but also a household name in Andhra Pradesh.
A little more about Margadarsi Chit Fund
Companies similar to Margadarsi Chit Fund
Fidelity National Financial
Financial Services
SBI Cards & Payment Services
Financial Services
3 jobs
Kotak Securities
Financial Services
2 jobs
Morningstar
Financial Services
4 jobs
Fidelity International
Financial Services
8 jobs
Franklin Templeton Investments
Financial Services
Ocwen Financial Solutions
Financial Services
2 jobs
Axis direct
Financial Services
1 job
Fidelity Investment
Financial Services
Frequently asked questions about Margadarsi Chit Fund
What does Margadarsi Chit Fund do?
Margadarsi Chit Fund is a leading company in the Financial Services sector. It provides innovative solutions to clients across multiple industries globally.
Where is Margadarsi Chit Fund headquartered?
Margadarsi Chit Fund is headquartered in Hyderabad. The company operates across multiple locations in India and internationally.
How many employees does Margadarsi Chit Fund have?
Margadarsi Chit Fund employs 1001-5000 professionals worldwide. The company continues to grow and regularly hires across various functions and geographies.
When was Margadarsi Chit Fund founded?
Margadarsi Chit Fund was founded in 1962. Over the years it has grown into a globally recognised organisation in the Financial Services space.
Who is the CEO of Margadarsi Chit Fund?
The CEO of Margadarsi Chit Fund is . The leadership team is committed to driving innovation and employee growth.
Is Margadarsi Chit Fund a good place to work?
Margadarsi Chit Fund is widely regarded as a strong employer in the Financial Services sector. The company offers structured career paths, learning programmes, and a collaborative work environment.
What is the hiring process at Margadarsi Chit Fund?
The hiring process at Margadarsi Chit Fund typically includes an online application, aptitude or technical assessments, and multiple interview rounds. The process varies by role and experience level.
Does Margadarsi Chit Fund hire freshers?
Yes, Margadarsi Chit Fund actively recruits freshers through campus placement programmes and graduate hiring drives. Entry-level roles are available across technology, business, and operations functions.
What are the career growth opportunities at Margadarsi Chit Fund?
Margadarsi Chit Fund invests in employee development through structured learning platforms, mentorship programmes, and internal mobility. Employees can advance across technical, managerial, and leadership tracks.
What benefits does Margadarsi Chit Fund offer to employees?
Margadarsi Chit Fund offers a comprehensive benefits package that typically includes health insurance, paid leave, retirement benefits, and learning allowances. Specific benefits may vary by location and role level.