Hotline: 1800 102 2007
Hotline: 1800 102 2007
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IBG eChits India Private Limited

  • Area Req
    300 - 800 Sq.ft
  • Investment Range
    INR 10000 - 50 K
  • No. Of Franchise Outlets
    Less than 10
Business Details

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 Details

Commenced Operations

Operations Commenced On 2016

Franchise Commenced On 2019

Franchise Details
Units
Master / Multi Units

Region Wise

Investment INR 10000 - 50 K

State Wise

Investment INR 10000 - 50 K

Expansion Locations
North

- NA -

South

Karnataka, Andhra Pradesh, Telangana

East

Odisha

West

Maharashtra

Central

- NA -

Union Territories

- NA -

Franchise Details

Anticipated percentage return on investment 137 %

Likely pay back period of capital for a Unit Franchise 1-2 Years

Property Details

Type of property required for this franchise opportunity Commercial

Floor 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-No of years Years

Is the term renewable? Yes

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