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Wednesday, November 7, 2007

Kerala chit fund firm to ramp up network

Kerala-based Sree Gokulam Chit and Finance Company Private Limited is planning to add 10 more branches across the country by end of this fiscal. The company recently opened its 185th branch in Visakhapatnam.

“Most of our branches are located in Kerala and Tamil Nadu. The Vizag branch is the fifth one in Andhra Pradesh,” Baiju Gopalan, executive director, Sree Gokulam Chits, told mediapersons.


The company’s turnover during the last fiscal stood at Rs 2,000 crore, and it expects to achieve Rs 2,200 crore this year.

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