Garnering customer's trust since 1947
With over 75 years of experience in the chit funds business, we are a trusted household brand in Tamil Nadu. We are uniquely positioned in the industry by offering personalized services for 5 generations to our customer base. We concentrate on the quality of business against the quantity of scale and have been considered as a boutique chit company.
At The Mayavaram Financial Chit Corporation Ltd. (MFC), We take our customers’ trust seriously and will always work to maintain it. In order to prioritize our customers’ safety, we design all of our processes to meet a customer-first approach. This means that we offer complete transparency in the functioning of the chit group and the management of funds. Additionally, we comply with all regulatory norms to ensure that our customers’ funds are always safe.
We are dedicated to providing safe handling of funds, friendly staff, and on-time payments to every customer across India. Our stringent processes have ensured we deliver our commitment every single time, thus making us a popular choice amongst Chit customers.
Our Founding Fathers
The company was founded by the late Mr. R. Kalyanasundaram, who was a pioneer in the chit fund industry. He was a visionary who registered a public limited company on 26th November, 1947. He believed that the company was answerable to its customers, and he wove transparency and process orientation into the company’s DNA. He built an absolutely uncompromised, enchanted chit company that delivers promises that could never be broken.
Late Mr. K. Jeyachundhren
The late Mr. K. Jeyachundhren, his successor, successfully continued his father’s legacy with great passion. In addition to the values his father set in place, Mr. Jeyachundhren emphasized the importance of adhering to process rigor and friendly customer service in the company’s operations. He served as president of the All India Chit Funds Association, as well as in various key positions in state bodies and associations, and played a key role in formulating legal mandates for a chit funds companies operations.
Late Mr. K. Jeyachundhren
The late Mr. K. Jeyachundhren, his successor, successfully continued his father’s legacy with great passion. In addition to the values his father set in place, Mr. Jeyachundhren emphasized the importance of adhering to process rigor and friendly customer service in the company’s operations. He served as president of the All India Chit Funds Association, as well as in various key positions in state bodies and associations, and played a key role in formulating legal mandates for a chit funds companies operations.
Mr. J. Manoj Padmanaban
Mr. J. Manoj Padmanaban, is the grandson of the founder and son of the previous Managing Director. Before joining MFC, he played key leadership roles with Fortune 500 Companies and has international exposure in running successful businesses. His rich global corporate experience has infused a new zeal and zest to the company’s operations. With the introduction of larger value chit groups and strategic technology initiatives, under his vision, Scaled new heights while maintaining the integrity and quality that have made it a trusted household name.
Mr. J. Manoj Padmanaban
Mr. J. Manoj Padmanaban, is the grandson of the founder and son of the previous Managing Director. Before joining MFC, he played key leadership roles with Fortune 500 Companies and has international exposure in running successful businesses. His rich global corporate experience has infused a new zeal and zest to the company’s operations. With the introduction of larger value chit groups and strategic technology initiatives, under his vision, Scaled new heights while maintaining the integrity and quality that have made it a trusted household name.
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About Our Managing Director
The future of MFC is bestowed upon the able hands of Mr. Arunachalam Palaniappan. Arun (as we call him) is the perfect blend of heritage and innovation. A Descent of the Ampa Group, he strives to keep up the legacy and heritage of the AMPA group, known for successfully running several multi-crore businesses over the last 6 decades across real estate, retail, IT, and finance space.
He also harnesses the Credit Risk analysis experience drawn from corporate giants like JP Morgan chase which makes him a new-age digital-friendly entrepreneur. Arun’s vision for MFC is to embody modern tools and strategies whilst still holding the MFC philosophy for a more robust and seamless operation in the chit funds industry, especially with a customer-first approach at its core
Arunachalam Palaniappan
Managing Director
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CALL US: +91 9942989203 / +91 8903311426
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