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Hotline: 1800 102 2007
Hotline : 1800 102 2007
Others Financial

IBG eChits India Private Limited

Area Requirement 300 - 800 Sq.ft
Investment Size INR 10000 - 50 K
Franchise Outlets Less than 10
Business Detail

About Us:

Chit fund is a good saving instrument that helps people to borrow money from future savings. Chit funds bring great discipline to savings and also are the reliable source of funds in times of emergencies.

IBG is the first company to introduce Digital Chit Funds which are 100% transparent and easy to understand and operate. IBG is the first company in India to introduce Online auction which helps customers to participate in auctions from the comforts of their home or office.At IBG we believe technology can bring transparency, convenience and greater returns to customers there by making Chit funds an attractive asset class.

There are 300 millinon customers who invest close to 200 billion dollors in ChitFunds in India .However, this industry is the most misunderstood because of lack of Transparency.

  • Digitisation helped IBG to pass on benefits to customers that were accrued through cost savings.
  • IBG vision is to revolutionise Chit fund investments through Technology infusion.
Investment Detail
Commenced Operations
Operations Commenced On 2016
Franchising / Distribution Commenced On 2019
Franchise Details
UNITS
Location Store wise
Investment INR 10000 - 50000
Master / Multi Unit
Region Wise
Investment INR 10000 - 50000
राज्य अनुसार
Investment INR 10000 - 50000
Expansion Locations
North
South
Karnataka, Andhra Pradesh, Telangana
East
Odisha
West
Maharashtra
Central
UNION TERRITORIES
Franchise Details
Anticipated percentage return on investment 137%
Payback Period 1-2 Years
Property Details
Type of property required for this franchise opportunity Commercial
Area Requirement 300 - 800 Sq.ft
TRAINING DETAILS
Detailed operating manuals for franchisees Yes
Is field assistance available for franchisee ? Yes
Expert guidance from Head Office to franchisee in opening the franchise Yes
Current IT systems will be included in the franchise Yes
AGREEMENT & TERM DETAILS
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 3 Years
Is term renewable? Yes

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