About Kapil Chits

Kapil Chit Funds Private Limited was incorporated under Companies Act in 1981 and has been in the chit fund business for over 39 years. The Company and its subsidiaries popularly known as “Kapil Chits.” It is one of the largest registered chit fund company having over 450 offices; over 18,000 persons are gainfully employed with an annual chit auction turnover exceeding Rs 4,506 crores and has over 10,00,000 satisfied customers as on July 2019.

Kapil Chit Funds Private Limited is the flagship company of the Kapil Group. ‘Kapil Group’ is a conglomerate of over thirty companies managed or owned by Mr. K. Vaman Rao, Chartered Accountant, his family members and associates.

Built on 1000 years of legacy

The concept of chit funds is indigenous to India and originated more than 1000 years ago. Initially it was in the form of an informal association of traders and households within communities, wherein the members contributed some money in return for an accumulated sum at the end of the tenure.

Chit funds are equivalent of the Rotating Savings and Credit Associations (ROSCA) that are famous throughout the world. ROSCAs are a means to "save and borrow" simultaneously. It is considered one of the best instruments to cater to the needs of a customer. It enables people to convert their small savings into lump sums.

Industry leader

2019 latest reports show that our position and stability are stronger than ever with the total turnover being 4506 Crores with the number of branches being 260.


Mr. K. Vaman Rao

A Chartered Accountant by profession Mr Vaman Rao is the founder Director of Kapil Chit Funds Pvt Ltd. The Kapil Group is his brainchild. It is steeped with strong values and business ethics. His business efforts are driven as much to create jobs and contribute positively to global society as they are to create a successful independent organization.

Mr. U. Krishna Mohan

Mr. Krishnamohan has been with Kapil Chits for over 25 years and has risen ranks to hold the topmost position in the company. He is the Managing Director of Kapil Chit funds Pvt. From 1-1-2004 to 17-3-2008 he played a very important role, by elevating the company to a much higher level by consolidating the activities and pushing the company onto a faster pace of growth.

M. Venkata Lakshmi

A founder member of Kapil Chit funds. She laid down the procedures for setting up our chit fund business. She has been with us since inception.

D. Vishnuvardhan Rao

A Graduate with Bachelors in Arts (BA), Mr.Vishnuvardhan Rao has shown tremendous leadership skills and has risen through the ranks. He is currently the Managing Director, Kapil Chits (Hyderabad) Pvt. Ltd.

K. Dayanandam

Prior to joining Kapil Chits, Mr.Dayanandam worked with Sriram Chits. He is today the Managing Director of Kapil Chits (Karnataka) Pvt. Ltd. In spite of being a born and bred telugu, in a short span of time, he learnt Kannada and can fluently converse in Kannada which is in tandem with his current designation.

J. Raj Kumar

Mr Raj Kumar is currently the Managing Director of Kapil Chits (Telangana) Pvt. Ltd. He joined the company in 1998 and has since risen through to ranks through sheer hard work and dedication.

CH. VaraPrasad

Mr VaraPrasad is currently the Managing Director of Kapil Chits (Kosta) Pvt. Ltd. He joined the company in 2006 and has since risen through to ranks through sheer hard work and dedication.