
WHO ARE WE?
We are the most trusted chit fund companies in the country today. This has been made
possible because of our strict adherence to following due processes and transparency
in all our schemes. We operate all our chit fund schemes with all registration and com-
pliances being followed under the relevant chit fund act.
The Chit and finance business started in a modest way at Mylapore, Chennai on 23rd
July 1968 by our founder Mr. A.M. Gopalan with 1 branch has served the community
for over 54 years and has grown to 472 branches spread across the country.
Chit fund industry used to be a small unorganized sector with individuals leading the
schemes only for neighbors and the local population.
We at Gokulam were one of the first players to work on scale and bring in processes
and systems to promote the trust worthiness of the schemes. We understood that the
involvement of people, especially women, was of utmost importance to ensure success.
With this in mind, we started to provide the services at the doorsteps of the people
and thus started the growth phase. Based on the capacity of households, they could
join the schemes starting from as low as Rs.100, to plan and save for the family’s
future.
Operating a chit fund involves floating of a chit fund scheme, finding potential mem-
bers, enrolling members into a chit, collecting contributions, conducting chit auctions,
distributing funds, and maintaining books. We are proud of the fact that we have man-
aged to keep abreast of all the changes both on the regulatory front and on the tech-
nological front to provide world class services which are trusted by millions of our
customers.
Grow with Gokulam