Mysore Sales International Limited, (MSIL) a Government of Karnataka
Undertaking established in the year 1966, is toady a vibrant, multi-product, multi-dimensional
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.