M.V. Bahuleyan is the founder Chairman of Mulloor Chitty Funds Kochi Pvt. Ltd. The company was registered under the companies Act, 1956 on 14th august 2012 Even before the formation of the company, M.V. Bahuleyan was in the field of chitty business several decades ago. Earlier he had registered a partnership firm in the year 1970 in the name and style Mulloor Chit Funds of which he was one of Managing partners of the firm. The firm grew and became a renowned name among the business community in Kerala Most of the small and medium scale business men in and around Kochi trusted Mulloor Chit Fund for their needs.
The chit fund Act, 1982 was made applicable to Kerala notification dated 14th august 2012, when the said Act came into force in Kerala, there was about ten thousand firms/companies engaged in chitty business out of them only a little above one thousand are in the chitty business now. Others stopped the business because of the difficulties to run the chitty business under the stringent previsions of the Chit Funds Act, 1982. M.V. Bahuleyan because of his vast experience, relentless energy and knowledge for several decades in chitty business, did not want to stop the chitty business and established Mulloor Chitty Funds Kochi Pvt Ltd. and continued in the chitty business.
After the formation of the said company, the company has started and conducted several Chitties under the chit Funds Act, 1982 successfully. His focused approach led the company to greater heights. He was always concerned with the satisfaction of his customers. He never diluted the chitty business linking it to any other business. Soon after its formation, the Mulloor Chitty Funds Kochi Pvt. Ltd. became a trusted name among the business community in Kerala.
When he started the Chit business by his own, Mulloor Bahuleyan was just 18 years old. It was not easy for a teenager in an era where businesses were successfully operated by experienced hands. But with his relentless energy and a business focused approach, he was able to take the company to a new high. For him, running a chit funds company was a passion and he never diluted it by linking it to any other businesses. So the entire fund that came from the operations was invested for the company and its customers and still the third generation of the family follow the suit.
According to him, Chitty is all about transparency and trust. He has always been keen on the satisfaction of the customers, and he never allowed a single lag in the payment for them. He believes that if the company is loyal to its customers, the customers will be loyal to the company too. And his belief was held valid when the same customers came for repeat business, and even the next generation followed their footsteps.
Being a visionary who envisages of the future potential of Mulloor Chitty Funds Kochi Pvt. Ltd. has equipped his son to look after the business, and the duo is striving to set the benchmark in the industry. Which is why the company is all equipped to start operations from other locations in the years to come.
