POPULAR GROUP is presently a conglomeration of a handful of concerns. Mr. T. K. Daniel, the founder Chairman launched ‘POPULAR ‘ in 1965 as a Chitty Fund. The Registered Office of POPULAR is at Vakayar, near Konni in Pathanamthitta Dist. of Kerala State. From its humble beginning, POPULAR has attained the present grand stature due to the dexterity in Managing affairs, and the agility in handling funds. The routine affairs of the institution are controlled by a board of Directors headed by the present Chairperson Ms. Marykutty Daniel, wife of Mr. T. K. Daniel. However, the responsibility of managing the day-to-day affairs is vested with Mr. Thomas Daniel (Roy) son of Mr. T. K. Daniel, who is supported by a team of professionals. All, at POPULAR, fondly remember the great visionary Mr. T. K. Daniel who passed away in 2005 December.
Within a short span of its inception, the institution became highly “popular” amoung the public. The confidence deposed by the public in the activities of POPULAR has given it a remarkable impetus to attain a steady growth in business. POPULAR has been accepted by its customers as the synonym for stability and reliability. The management widened the areas of operation by regularly opening new Branches inside and outside the state. Hence at present there are about two hundred and fifty Branches spread across Kerala, Tamil Nadu, Karnataka, Maharashtra and Delhi. There is also a representative Office in Australia. More and more suitable places are being regularly identified for opening new branches in India which go a long way in making the institution attain a steady growth. With the growth in the number of Branches, there is remarkable increase in the volume of business which is strengthening the profit position of POPULAR considerably.
As the financing activity is restricted to advance against gold ornaments only, non performing asset is practically nil and hence the institution is returning handsome profits every year. About one thousand qualified regular staffs constitute the workforce of the institution. The total annual turnover of the business as on 31st March 2011 is above 1500 Cr. The clientele vary from the very ordinary to the high-income group. All the branches enjoy the support of advanced software and are linked to the Head Office where the daily transactions are closely monitored by the respective departments.
POPULAR is a business house where various services are offered under one umbrella. Venturing into new pastures of business has made the institution more noticeable. POPULAR is an authorized agent of Western Union Money Transfer distributing the fund sent from abroad amounting to more than Two Hundred Crores, per annum. POPULAR is also is an authorized encashing point of Foreign Currency. We also assist in making outward remittances of funds through institutions having RBI approval and the funds remitted in India is paid across the world within 24 hours. Air Tickets of any Airline to any destination is easily available from the Branches of POPULAR at the most competitive rates. Major Life Insurance companies like Birla sunlife, ING Vysya, have got the tie ups with POPULAR for propagating life Insurance business. Bajaj Alianz and TATA AIG have also tied up with POPULAR for augmenting General Insurance business. All products of mobile phone service providers such as BSNL, Idea, Vodafone and Airtel are available at the branches of Popular in Kerala. POPULAR is also authorized to collect the land line and postpaid mobile phone bills of BSNL in South India. It is a matter of pride that POPULAR is the ONLY private institution who is entrusted with the said work by BSNL.
Managing a chain of Supermarkets, Sanitary and Electrical shops, sale and service of computers are certain other business activities carried out though the various sister concerns such as Popular Traders, Popular Dealers, Popular Developers, Popular Printers, Popular Chitty Fund and P & P Exports. All the concerns under the brand name POPULAR are known collectively as Popular Group, Pathanamthitta. The entire sister concerns support the parent organization by returning profits regularly.
Recently Popular has added to its stall a public limited company named Pathanamthitta Popular Financial Services Ltd, with its office at Royapettah, Chennai. Formalities to acquire NBFC status for the company are under process.
In short, Popular continues to glide smoothly in this world of tough competition adding more feathers to its crown, leaving the competitors envious.
POPULAR FINANCE - YOUR FRIEND IN NEED.