Samata Civil Co-operative Credit Institutions

What Samata Civil Co-operative Credit Institutions does

Samata Civil Co-operative Credit Institutions, legally registered as Samata Nagari Sahakari Patsanstha Marya, is a member-owned cooperative credit society founded on 11 May 1986 in Kopargaon, Maharashtra. Operating under the Maharashtra State Co-operative Societies Act, the society runs a full-service retail banking platform comprising five deposit products (Term Deposit up to 10%, tiered Savings Account up to 8%, Current Account for businesses/trusts/NGOs, Daily Deposit with doorstep collection from Rs.100, and Recurring Deposit), six loan products (Personal, Vehicle, Gold, Business, Property, and FD-backed loans), and supporting services such as mobile banking, NEFT/RTGS/IMPS money transfer, locker facilities, and India's first credit-society Micro ATM. Its proprietary Samata SIP — India's first credit-society Systematic Investment Plan — offers 8% fixed annual returns with monthly payouts over a 36-month tenure, positioning the society beyond a pure deposit-taking institution into investment products.

The business model is a classic cooperative interest-spread engine: members place deposits (Rs.1,128.86 Cr. as of FY2025-26) and the society lends against those deposits (Rs.824.22 Cr. loans disbursed, of which Rs.585.53 Cr. is gold-backed) at higher rates, retaining the net interest margin plus fee income from lockers, transfers, and SIP management. Distribution is a 20+ branch physical network plus 23 gold loan counters across Maharashtra, with a distinctive doorstep daily-deposit collection agent model that reaches rural and semi-urban members in their homes and workplaces. A mobile banking app and online enquiry channels supplement the branch-led GTM.

As of FY2025-26, the society serves 1,05,800 members, holds Rs.316 Cr. in investments, secures 99.93% of depositors under the Liquidity Protection Fund up to Rs.55 Lakh, and operates adjacent subsidiaries (Samata International School, Samata Vaarta news portal, Samata Sobati advisory) under the founder-Chairman Shri. Kakasaheb Koyate, who also chairs the Maharashtra State Cooperative Societies Federation and serves as Treasurer of the Asian Confederation Credit Union.

Name

Samata Civil Co-operative Credit Institutions

Legal name

Samata Nagari Sahakari Patsanstha Marya

Website

https://samatapat.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

101–250 employees

Short description

Samata Civil Co-operative Credit Institutions is a Maharashtra-based cooperative credit society offering deposits, loans (personal, gold, vehicle, business, property), and digital banking services to 1,05,800 members through 20+ branches and 23 gold loan counters across the state.

Ownership category

akta.pro rank

Headquarters

HQ city

Kopargaon

HQ country

India

HQ region

Asia

Offices21 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others, Marketing or Sales

Revenue model

1. Deposit Taking and Interest Spread: Accepts deposits (savings, term, recurring, daily deposits) from members and provides loans (personal, gold, vehicle, business, property loans) at higher interest rates, generating revenue through interest rate spread
2. Loan Interest Income: Primary revenue from interest charged on various loan products including personal loans (15%), gold loans (min 6%), vehicle loans (12%), business loans (14%), and property loans (14%)
3. Samata SIP Management Fees: Systematic Investment Plan product generating returns for members at 8% fixed rate while institution manages the pooled funds
4. Fee-based Services: Locker rental facility charges, money transfer services (RTGS, NEFT, IMPS), and other banking service fees

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Samata is a cooperative credit society that accepts deposits (savings, term, recurring, daily, and current accounts) from members and lends through personal, vehicle, gold, business, property, and fixed deposit loans. It provides supporting services including mobile banking, NEFT/RTGS/IMPS money transfers, locker facilities, Micro ATM withdrawals, and the Samata SIP investment product offering 8% fixed annual returns.

Product overview

Samata Patsanstha operates as a cooperative credit society with a multi-product financial services portfolio. The core offerings span five deposit products (Term Deposit, Savings Account, Current Account, Daily Deposit, Recurring Deposit) and six loan products (Personal Loan, Vehicle Loan, Gold Loan, Business Loan, Property Loan, Fixed Deposit Loan), complemented by a unique SIP investment product. Digital services include Mobile Banking App, Money Transfer (NEFT/RTGS/IMPS), Locker Facility, and Micro ATM. Founded in 1986 and headquartered in Kopargaon, Maharashtra, the organization serves 100,000+ members across 20+ branches with total deposits of Rs. 1,128 Cr. and gold loans of Rs. 585 Cr. (FY 2025-26).

Differentiator

Problem solved

Functional benefit

Brands

• Samata SIP: India's first credit society investment plan offering 8% fixed annual returns with monthly payouts over a 36-month tenure.

Products and services

• Term Deposit (मुदत ठेव) Fixed-period savings product where a lump sum is deposited for a specified term with repayment including interest on the maturity date, offering interest rates from 5% (46-90 days) to 10% (12 months) with an additional 0.50% preferential rate for senior citizens, widows, handicapped, and ex-army personnel.
• Savings Account (बचत ठेव) Retail deposit product allowing unlimited deposits and withdrawals with tiered interest rates from 4% (Rs.1 to Rs.25,000 balance) to 8% (Rs.3,00,000+ balance), monthly-compounded interest, and instant SMS transaction alerts, with no restriction on transaction count.
• Current Account (चालू ठेव) Business deposit account designed for firms, partnerships, trusts, NGOs, and societies with unlimited transactions, overdraft facility, cheque book, and netbanking for daily operational needs.
• Daily Deposit (दैनिक ठेव) Doorstep collection deposit scheme allowing daily savings as small as Rs.100 (maximum Rs.5,000 per day per account) with 4% interest rate over 12-month tenure, designed for daily wage earners, housewives, and small business owners through authorized collection agents visiting customers.
• Recurring Deposit (आवर्ती ठेव) Monthly savings product with fixed deposits from Rs.500 per month in multiples of Rs.100, tenures from 6 months to 10 years, and 7% interest rate for 24 months tenure, with TDS applicable on interest exceeding Rs.40,000.
• Personal Loan (वैयक्तिक कर्ज) Unsecured loan for personal expenses ranging from Rs.50,000 to Rs.50,00,000 with fixed 15% interest rate, repayment tenure of 12 to 36 months, and requirement of 2 guarantors with KYC documents.
• Vehicle Loan (वाहन कर्ज) Loan for purchasing 2-wheelers or 4-wheelers offering up to 90% of vehicle value with 12% interest rate, no collateral required, and requires CIBIL report, driving license, and IT returns documentation.
• Gold Loan (सोनेतारण कर्ज) Secured loan against gold jewelry/ornaments with fastest 14-minute approval, minimum 6% interest rate, loan amount up to 90% of gold's market value, and repayment via RTGS/IMPS/cheque/cash.
• Business Loan (व्यवसाय कर्ज) Unsecured business loan starting from Rs.1 lakh for setup or expansion of businesses with 14% interest rate, repayment tenure of 12 to 36 months, requirement of 2 guarantors, property document for mortgage, and 3 years of ITR.
• Property Loan (मालमत्ता कर्ज) Secured loan against residential, commercial, or land property with loan eligibility up to 60% of market value, tenure of 24 to 36 months, 14% interest rate, and co-owner must be co-applicant requirement.
• Fixed Deposit Loan (एफडी कर्ज) Loan against existing fixed deposits with the society, offering up to 90-95% of FD value with no processing fees, no prepayment penalty, and interest rate 1-2% above the FD rate (e.g., 9% FD = 10% loan rate).
• Mobile Banking (Samata App) Mobile banking application available on Google Play Store enabling deposits, fund transfers (RTGS, NEFT, IMPS), and statement downloads via online registration for members across Maharashtra.
• Money Transfer Services Digital money transfer services supporting NEFT, RTGS, and IMPS for interbank electronic fund transfers with secure gateway and 24x7 IMPS availability.
• Locker Facility State-of-the-art safety vault service with air-conditioned lockers and burglar alarm systems, available in different sizes across 8 branches including Kopargaon, Rahata, and Shrirampur.
• Micro ATM Cardless cash withdrawal facility at branches using debit cards with biometric security, supporting multiple languages and enabling rural banking digitization; first such facility introduced by a credit society in India.
• Samata SIP (Systematic Investment Plan) India's first credit-society-backed Systematic Investment Plan offering 8% fixed annual returns with monthly payouts over a 36-month lock-in tenure, combining cooperative trust with disciplined investment and no market risk exposure.

Quantifiable outcome

• Deposits crossed ₹1,000 Cr. milestone with 1,00,000+ members trusting the institution
• +4 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Maharashtra State Cooperative Societies FederationcoreStrategic or Co-development Partner · 1 January 1986Samata's Founder & Chairman Shri. Kakasaheb Koyate serves as Chairman of Maharashtra State Cooperative Societies Federation, representing the cooperative movement at state level and contributing to policy development for cooperative societies in Maharashtra.
• Asian Confederation Credit Union (ACCU)coreStrategic or Co-development Partner · 1 January 1986Samata's Founder & Chairman Shri. Kakasaheb Koyate serves as Treasurer of Asian Confederation Credit Union, providing international representation and best practice sharing for cooperative credit institutions across Asia.
• Liquidity Protection Fund (Under Cooperative Department)coreOthersRegulatory protection mechanism securing 99.93% of depositors' funds up to Rs.55 Lakh under the Liquidity Protection Fund administered by the Cooperative Department.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Manappuram Finance: A listed NBFC with a sizeable gold loan business and a diversified portfolio including microfinance. Comparable on gold loan product focus and rural Indian customer base, though broader and larger in scale than Samata.
• Muthoot Finance: India's largest gold loan NBFC with a pan-India branch network and standardized gold loan products. Comparable on gold loan dominance but operates as a listed company at much larger scale than Samata's cooperative gold loan book.

Direct peers

• Saraswat Co-operative Bank: One of India's largest scheduled cooperative banks headquartered in Mumbai, offering savings, term deposits, and a wide loan portfolio including gold loans. Closest large-scale peer to Samata in terms of product mix, Maharashtra footprint, and member-owned governance.
• TJSB Sahakari Bank: A Maharashtra-headquartered cooperative bank with a strong deposit and loan book including gold loans. Comparable on cooperative structure, member-owned governance, and Western Maharashtra footprint.
• Cosmos Co-operative Bank: A large Maharashtra-headquartered cooperative bank offering deposits, loans, and digital banking to retail and SME customers. Directly comparable to Samata on cooperative model, product suite (deposits and loans including gold loans), and Maharashtra-centric distribution, though larger in scale.
• NKGSB Co-operative Bank: A Mumbai-based cooperative bank providing savings, deposits, and retail/SME loans. Comparable cooperative structure, deposit-led funding model, and Maharashtra branch presence to Samata.
• Janata Sahakari Bank (Pune): A Pune-based cooperative bank offering savings, deposits, and personal/business/gold loans. Overlaps with Samata's Pune branch presence and shares the same urban cooperative banking DNA in Maharashtra.
• Abhyudaya Co-operative Bank: A Mumbai-based cooperative bank offering deposits, personal/business loans, and gold loans to retail and SME customers. Comparable on cooperative governance model and deposit-led funding, though concentrated in Mumbai rather than rural Maharashtra.
• Shamrao Vithal Co-operative Bank: A Maharashtra-headquartered cooperative bank serving retail and SME customers with deposits, personal loans, and gold loans. Operates a comparable product and branch model to Samata in overlapping Maharashtra geographies.
• Kalyan Janata Sahakari Bank: A Maharashtra-based cooperative bank offering deposits, loans, and gold loans to retail and SME customers. Comparable on member-owned model and product mix, though headquartered in Kalyan rather than Kopargaon.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/samata_nsp
• Facebookfacebook.com/SamataPatasanstha
• Instagraminstagram.com/samata_patsanstha
• LinkedInlinkedin.com/company/samata-credit-cooperative-society-ltd-samata-patasanstha

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Samata Civil Co-operative Credit Institutions