Sheeba Kuries Ltd. celebrates 50 years of foundation

Top Quote Sheeba Kuries Ltd., one of the first ISO 9001:2008 Certified Chit Fund Companies in the country has entered into the 50th year of its existence. End Quote
  • (1888PressRelease) November 04, 2015 - Pune : Famous Malayalam Cine actor Mukesh launched the Golden Jubilee logo of the group in a cultural event at the Deccan College Auditorium, Pune. The company launched various categories of Chit Schemes to commemorate the Golden jJubilee year with an aim to cater to diversified customer base and their specific requirements. The six new Chit Schemes are Golden Wedding Chits, Higher Education Plus Chits, Dream On Wheels Chits, Business Scale-Up Chits, My Home Chits & NRI Investment Chits. Apart from its offices in Maharashtra, the company is operating Collection and Service Centers in Kerala and a sizeable NRI customer base too.

    CMD Mr. M.D. Sreenivasan welcomed all their customers who graced the occasion of a cultural extravagance of Indian classical dancing. Renowned personalities such as Mohiniyattam dancer Dr. Methil Devika; winner of "Ustad Bismillah Khan Yuva Puruskar" along with Bharat Natyam dancer Sucheta Bhide Chapekar; winner of State Government award of "Maharashtra Gaurav" graced the event with their performances.

    Speaking on the occasion, Mr. M.D. Sreenivasan, CMD, Sheeba Kuries, Ltd. says, "What started out as a proprietary concern in 1966 with a single chit group of gross value of Rs 500/- and 20 subscribers, has now turned into a customer base of over 30000 that includes national and NRI investors. This has happened due to our investors who believed in us and kept their loyalties with us at all times. Today is a celebration of our partnership with all our customers who have been a part of this journey. It is because of our customers that Sheeba Kuries Ltd. is often accounted as the number one Chit Fund Company in the country for the past many years."

    Malayalam cine actor Mukesh says, "I appreciate the company's initiative to launch new chit Schemes so as to suit the ever-growing specialized funding needs of the general public. Whether it is about your child's marriage or education, a new car or a new house, a business expansion or NRI investment, the new chit Schemes cater to all. This endeavor by the company will truly help the needy. Along with so many chit Schemes already in place, these special additions will enable customers to help depend on an acclaimed source of funding for their dreams of a better tomorrow."

    Commenting on the future plans of the company, Mr. Varun Sreenivasan, Executive Director, says, "Sheeba Kuries Ltd. holds the distinction of one of the first Chit Fund companies to integrate technology with its services such as fully automated transaction control, video conferencing for auctions/draws, etc. We plan to attain a turnover of Rs.1000 Crores in the next 5 years, catering to our patrons with a culture of professionalism, trust, transparency and confidentiality, by providing them exceptional customer-centric offers & services via integration of technological advancements."

    About Sheeba Kuries: The company has a humble history that dates back to 1966 when it was started as a proprietary concern with a single chit group of the chit value of Rs 500/- and 20 subscribers. Based out of Pune with a vast national and NRI customer base, and consistently accounted as the premier Chit Fund Company in the country, Sheeba Kuries Ltd. today boasts of customer base of over 30000 in Maharashtra, Kerala and Overseas/NRIs.

    Since 1972, when their present CMD, Mr. M.D Sreenivasan took over the helm of affairs, the company has jumped leaps and bounds with many a distinction to its name. Along with being one of the oldest Chit Schemes Companies in the country, it also holds the distinction of the first one to integrate technology with its services such as fully automated transaction control, video conferencing for auctions/draws etc.

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