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Our chit fund company has earned the trust of our customers across the nation. We achieve this by following due processes and being transparent in all our schemes. We are committed to providing the best service and value to our clients. We comply with all the registration and legal requirements under the relevant chit fund act for all our schemes.
The Chit fund industry a small unorganized sector with local schemes run by individuals have transformed it into a professional and reliable sector with us.
At Lathana, we pioneered the development of scalable, reliable and transparent schemes for our customers. We recognized that the participation of people, especially women, was crucial for achieving success. Therefore, we decided to offer our services at the convenience of our customers and thus initiated the phase of expansion.
Operating a chit fund involves floating of a chit fund scheme, finding potential members, enrolling members into a chit, collecting contributions, conducting chit auctions, distributing funds, and maintaining books. We are proud of the fact that we have managed to keep abreast of all the changes both on the regulatory front and on the technological front to provide world class services which are trusted by millions of our customers.
With its vast experience in the field, Lathana has made systems and procedures simple, systematic and fool proof. Subscribers can choose from a wide aray of chits, ranging from Rs. 1,00,000/- to Rs. 1,00,00,000/- designed to suit a variety of requirements. To become a subscriber, individuals need to fill out an enrolment form, and opt for any of the chit schemes available wih monthly instalments ranging from Rs. 1000/- to Rs. 2,00,000. Depending upon their preference, one may choose long term chits (50 months) for savings purposes and short term chits (25 months duration) for emergency planning. Subscriber are entitled to bid at the auction even if only one instalment (i.e., the first instalment) has been paid. However, depending upon the requirements and competition, one can get the bid in any of the instalments. After being declared as successful bidder in the auction, the subscriber has to submit sureties epending upon future liability. The chit moey has to be paid back in remaining easy instalments. The successful bidders earns their profits by repaying the monthly instalments excluding the dividends.
Every individuls are driven by hopes and aspirations but may lack the resurces to make them come true. Sometimes, there are emergenies, obligations and unforeseen expenditures. All these occasions require money in lump sum. It is on occasions like these that one can turn to lathana for help. Whether its supporting your child’s education, arranging their marriages, building homes, purchasing flats or securing future investments, Lathana has consistently been a reliable and trustworthy companion. The company has been playing a vital role in making life easier for all those who’vee invested their confidence and hopes in it. This Explains why the company has become synonymous with trust and reliability.
Mrs. Saye Latha Devi, is a devout and faithful man who has achieved success through his hard work, dedication, and perseverance. She began the business with a small capital and a vision to offer financial support to the common people. And from a witty financial plan emerged Lathana Chit Funds, an empire which conquered indeed.
Her cohesive, comprehensive and collaborative culture has been the centre stage of her strategy. Her passion for redefining customer delight helped her forge notional bonds with lakhs of subscribers.
Lathana enjoys an impeccable reputation for financial integrity, trustworthiness, ethical code of conduct and discipline that she leveraged upon and scaled up the operations by reaching out to every district of Tamil Nadu.
The company is growing rapidly and expanded its operations across India and abroad.
She believes that honesty and integrity are the keys to success and has followed his principles for her Entire Life.
She has earned the reputation of running the best Chit Company in India in terms of promptness and customer satisfaction. Her schemes have attracted a large number of customers and the company has more than happy customers as its true asset. She has gained the trust and affection of the people.
Mr. Venkatesh Deepak is a renowned business leader who holds the position of Managing Director at Lathana Chit Funds Group of Companies, a diversified conglomerate with interests in Chit & finance. He is responsible for overseeing the strategic direction and growth of the company. He has successfully implemented digital solutions in Lathana Chit Funds to enhance its efficiency and productivity. He has leveraged his expertise in information technology to streamline the operations and processes of the group, as well as to improve its communication and collaboration. He has also ensured that the group adheres to the highest standards of security and compliance in its digital transformation.
He is known for his visionary and innovative approach to business. Under his leadership, the company is to expanded its network across India and became one of the leading players in the chit fund industry.
He has initiated several social welfare projects through the Saidhana Charitable Trust, which focuses on education, health, environment, and culture. He has also to contribute generously to various causes, such as disaster relief, women empowerment, sports promotion, and cultural preservation.
He is a compassionate and humble person who extends help in all possible means to the weaker sections of society in the fields of medicine and education.