Our story
A promise made in 1995, kept every month since.
Since 1995, Srivatshava Chits has helped families and businesses in Hyderabad save with discipline and reach their goals, through a time-honoured savings tradition run with care.
Where it began
Founded on a word. Carried by a family.
Srivatshava Chits Private Limited was incorporated in Hyderabad on 27 October 1995 by the late Mr. Nagalla Krishna Murthy. A team that has served together for more than three decades continues his work today, with the same personal attention our earliest members remember.
In loving memory
Mr. Nagalla Krishna Murthy
Founder, Srivatshava Chits · 1 July 1961 – 5 June 2025
In 1995 he started Srivatshava Chits with one promise: a member’s savings are a family’s trust, and that trust is honoured every single month.
He believed that trust is not given; it is earned, through integrity, openness and keeping one’s word without exception. The values he set – trust, transparency and member-first service – are the way we still work every day.
With love, respect and gratitude,
the Srivatshava Chits family and staff
Leadership
The people behind the promise.
Founder
Late Mr. Nagalla Krishna Murthy
Founded the company in 1995 and set the values of trust, transparency and member-first service that define it today.
Managing Director
Mr. Nagalla Bharat
Leads operations and the company’s next chapter. MBA in General Management, University of Northern Virginia, USA.
Director
Mrs. Sireesha Nagalla
Guides the company’s direction and governance, carrying forward the founder’s commitment to every member.
Director
Mrs. Dharani Kondreddi
Serves on the board, supporting the company’s governance and its care for every member.
Director
Mr. Nagaraju Yenugula
Serves on the board, supporting the company’s governance and the steady running of every scheme.
What we stand for
Philosophy, mission & vision
Our philosophy
Trust is the result of integrity, openness and lasting value. We keep our governance strong and our records clear, so our members’ savings are handled with the care they deserve.
Our mission
To earn and keep our members’ trust through warm, personal service: staying close to their needs, being transparent in every transaction, and helping each family save with discipline and reach its goals.
Our vision
To earn the trust of every Hyderabad family we serve as their savings partner, helping individuals and communities grow financially, and fostering a culture of excellence and lifelong learning within our own team.
Milestones
Thirty years, one promise.
- 1995
Incorporated
Srivatshava Chits Private Limited is incorporated in Hyderabad on 27 October by the late Mr. Nagalla Krishna Murthy.
- 2025
Thirty years
Three decades of continuous service to families, traders and businesses across Hyderabad.
- 2026
Year 31, and counting
The same schemes and the same promise our members have trusted for years, now with a new website.
- 2027
The digital era
From 1 April, we plan to move every new scheme to digital receipts on our own system, built in-house by our team, subject to regulatory requirements.
Company details
On the record
A private company limited by shares, registered as a chit fund foreman with the Registrar of Chits, Medchal-Malkajgiri, Telangana.
- Legal nameSrivatshava Chits Private Limited
- Incorporated27 October 1995, Hyderabad
- Company Regd. No. (RoC)01-22108/95-96
- CINU65992TG1995PTC022108
- GSTIN36AADCS2163C1ZQ
- Registered officeH.No. 2-22-273, Plot 15, Flat 502, B.S. Saroja Nilayam, Bhagyanagar Colony, Kukatpally, Hyderabad, Telangana – 500072
From 1 April 2027
From handwritten receipts to a digital welcome.
For more than thirty years, every instalment has been acknowledged with a receipt written by hand at our counter. From 1 April 2027, we plan to make every new scheme digital, on a system built in-house by our own team at our Kukatpally office, subject to regulatory requirements.
The plan is for schemes that begin on or after 1 April 2027 to be digital. Schemes already running continue as they are today, and our counter stays open for anyone who prefers to visit.
A digital receipt on WhatsApp
Sent to your WhatsApp the moment your instalment is received. Nothing to file away, nothing to lose.
Reminders before every due date
A timely WhatsApp nudge before each instalment, to help you avoid missing a payment.
Your whole chit, at a glance
Instalments paid, dividends received and what is due next, kept together in one statement.
Auction updates, promptly
Know each month’s auction outcome and your share of the dividend without waiting for a visit.
Built by us, kept with us
Our own system, developed by our team in Kukatpally. Your records are kept in our own system, handled by people you know. Receipts and reminders are delivered through WhatsApp.
The same people, the same counter
Going digital adds convenience, not distance. Call, WhatsApp or walk in, exactly as you always have.