Mysore Sales International Limited, (MSIL) a Government of Karnataka Undertaking established in the year 1966, is toady a vibrant, multi-product, multi-dimensional marketing organization.
MSIL started Chit Fund business in the year 2005 with an intention to bring social control over Chit Fund business so as to protect the public from being exploited by unregistered/unorganized chit operators.
As a Government Company with more than 40 years of existence, MSIL has a reputation in the market for stability, reliability and integrity. Trustworthiness, transparency in operation, past proven performance and familiarity are important prerequisites of a Chit Fund operator. MSIL has all these credentials, being a Govt. Company.
The schemes under ‘MSIL Chits’ are designed to cater all income groups and all segments of the society. The main objective of the company is to provide need based financial plans to its customers.