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.
Operations Commenced On 2016
Franchise Commenced On 2019
Investment INR 10000 - 50000
Region Wise
Investment INR 10000 - 50000
State Wise
Investment INR 10000 - 50000
Anticipated percentage return on investment 137 %
Likely pay back period of capital for a Unit Franchise 1-2 Years
- NA -
Karnataka, Andhra Pradesh, Telangana
Odisha
Maharashtra
- NA -
- NA -
Type of property required for this franchise opportunity Commercial
Floor area requirement 300 - 800 Sq.ft
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
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 3 Years
Is the term renewable? Yes
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