Shri Saraswathi Credit Souharda Sahakari Limited.

What Shri Saraswathi Credit Souharda Sahakari Limited. does

Shri Saraswathi Credit Souharda Sahakari Limited is a member-owned cooperative credit society registered on September 2, 2001 under the Karnataka Souharda Sahakari Sangha Act, 1997 — the ninth such credit cooperative registered in Karnataka and the first in the Dakshina Kannada district. It operates from Puttur with an administrative office also in Puttur, and currently runs 20 branches across Karnataka including locations in Bangalore (Sheshadripuram, Jayanagar, Machohalli, T. Dasarahalli), Mangalore (Kodialbail, Gurupura Kaikamba, Surathkal), and surrounding taluks. As of June 2026 the cooperative serves 53,034 members and reports a working capital of ₹460 Cr (Audited FY2025-26: ₹460 Cr), with net profit of ₹7.27 Cr and 0% Net NPA / 2.45% Gross NPA.

The cooperative's core business is deposit mobilization and lending. On the liability side it accepts savings, recurring, and term deposits with differentiated pricing tiers — Nithyanidhi/Savings at 3%, recurring deposits from 7.50% to 8.60%, one-year deposits at 8.60%, and special 400-day certificates at 9.30% — plus a 0.40% premium for senior citizens, widows, physically challenged persons, soldiers, and institutional depositors. On the asset side it offers vehicle loans, jewel/gold loans, housing loans, builder loans, mortgage loans, partially secured, fully secured, and overdraft facilities. Underlying technology consists of a fully computerized SAAS-based Core Banking System connecting all branches, complemented by add-on services including safe deposit lockers, on-site PAN card facilitation, and member insurance. A wholly-owned subsidiary, Shri Saraswathi Charitable Trust (R), established in 2015, manages social welfare and community-development programmes as a separate trust entity.

Revenue mechanics rely on the net interest spread between deposit rates (ranging 3-9.30%) and loan yields, supplemented by ancillary fees; the cooperative is owned by its members with no external venture or private-equity capital, and a member-elected board (President Sri S R Sathischandra, CEO Shri Vasantha Nayak A) governs distribution, dividends (8.5-13% in recent years), and pricing. Distribution is direct through the branch network and member referrals, with doorstep service for members and annual Customer Contact Meetings supporting cross-selling of deposit and loan products.

Name

Shri Saraswathi Credit Souharda Sahakari Limited.

Legal name

Shri Saraswathi Credit Souharda Sahakari Sangha Limited

Website

https://saraswathisahakari.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Shri Saraswathi Credit Souharda Sahakari Limited is a member-owned cooperative credit society, registered in 2001 under the Karnataka Souharda Sahakari Act 1997, operating 20 branches across Karnataka. It serves roughly 53,000 members with deposit schemes, vehicle/jewel/housing/mortgage loans, and add-on banking services.

Ownership category

akta.pro rank

Product category

Cooperative Banking

NAICS

Credit Unions (52213), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Personal Credit Institutions (6141), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Private Credit / Direct Lending (FSAAAHAG)

Keywords

• Cooperative banking
• Deposit schemes
• Gold loans
• Housing finance
• Mortgage lending

Headquarters

HQ city

Puttur

HQ country

India

HQ region

Asia

Offices23 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income on Loans: The cooperative earns interest income by providing various loan products including jewel loans, gold loans, vehicle loans, mortgage loans, builders loan, housing loans, partially secured loans, fully secured loans, and overdraft loans to its members and customers.
2. Deposit Mobilization: The cooperative mobilizes deposits from members and customers through various deposit schemes including savings accounts, recurring deposits, and term deposits with attractive interest rates ranging from 3% to 9.3%.

Pricing tiers

Distribution channels1 record

Marketing channels5 records

Core offering

Shri Saraswathi Credit Souharda Sahakari Limited is a member-owned cooperative financial institution registered under the Karnataka Souharda Sahakari Sangha Act, 1997, offering a range of deposit products (savings accounts, recurring deposits, term deposits, cash certificates) and lending products (jewel/gold loans, vehicle loans, housing loans, mortgage loans, builders loans, partially secured, fully secured, and overdraft loans). It also provides ancillary services such as safe deposit lockers, PAN card assistance, and insurance facilities through its 20-branch network across Karnataka.

Product overview

Shri Saraswathi Credit Souharda Sahakari Limited operates as a cooperative financial institution registered under the Karnataka Souharda Sahakari Act 1997. The organization functions as a multi-service financial cooperative offering deposit schemes (including savings accounts, recurring deposits, fixed deposits with terms like 400-day and 1000-day plans, and special certificates), and diverse lending products (vehicle loans, jewel/gold loans, housing loans, mortgage loans, builders loans, and secured/unsecured credit facilities). Core technology infrastructure includes a SAAS-based banking solution with full computerization. The cooperative also provides ancillary services such as safe deposit lockers, insurance facilities, and PAN card assistance, all delivered through a network of 20 branches across Karnataka.

Differentiator

Problem solved

Functional benefit

Products and services

• Jewel Loans Loan scheme backed by gold jewelry collateral, providing funds for various personal purposes, offered to members and customers.
• Gold Loan Loan facility backed by gold assets for immediate liquidity needs of members and customers.
• Vehicle Loans Financing for new and old vehicles offered at competitive interest rates to members.
• Housing Loan Long-term financing for home purchase, construction, or renovation offered to members.
• Mortgage Loan Loan secured against property or real estate assets, offered to members.
• Builders Loan Financing facility for construction and building purposes provided to members.
• Partially Secured Loan Loan with partial security backing, assessing member repayment capacity.
• Fully Secured Loan Loan fully backed by collateral security offered by members.
• Overdraft Loan Credit facility allowing overdraft access against approved limits for members.
• Savings Account Basic savings deposit account with 3% interest rate offered to members.
• Recurring Deposit (RD) Systematic monthly deposit scheme with tiered interest rates (1 year at 8.6%, above 1-5 years at 7.75%, above 5-10 years at 7.50%) for members.
• Nithyanidhi (Pigmy Account) Recurring deposit account with 3% interest rate designed for small savers and members.
• Term Deposits Fixed deposits with various tenures and interest rates (30-179 days: 5.25%-6.75%, 180-364 days: 7.50%, 1 year: 8.60%, 400 days: 9.3%, 1000 days: 8.60%, 13-120 months: 7.50%-7.75%) offered to members with special 0.4% extra interest for senior citizens, physically challenged, widows, soldiers, and institutional depositors.
• Saraswathi Cash Certificate Fixed deposit product with varying tenure and interest rates (12 months at 8.50%, 13-35 months at 7.65%) for members.
• Safe Deposit Locker Facility Secure storage facility for valuable assets and documents offered to members and customers.
• PAN Card Facility On-site PAN card application and processing assistance for members.
• Insurance Facility Insurance products offered alongside financial services to members.

Quantifiable outcome

• Net NPA maintained at 0% demonstrating excellent asset quality management
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Vivekananda Mahavidyalaya (Autonomous), PutturcoreStrategic or Co-development PartnerA Memorandum of Understanding (MoU) has been signed between the Co-operative Society and Vivekananda Mahavidyalaya (Autonomous), Puttur, D.K., for the study of the co-operative sector. This partnership aims to strengthen the cooperative sector through education and promotional programmes.

Scale indicators18 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Ujjivan Small Finance Bank: Small finance bank with a strong southern India presence, offering savings deposits and a range of secured and unsecured retail loans. Comparable to Shri Saraswathi's deposit-taking, retail-lending business model.
• Karnataka State Cooperative Bank (KSC Bank): Apex cooperative bank in Karnataka, operating under cooperative banking principles to take deposits and lend to members and affiliated cooperatives. Operates in the same regulatory and geographic sphere as Shri Saraswathi but at materially larger scale.
• Equitas Small Finance Bank: Small finance bank focused on financial inclusion across India with deposit and loan products for underserved segments. Comparable on customer segment and community-banking orientation, though at materially larger scale.
• AU Small Finance Bank: Small finance bank with deep presence in semi-urban and rural India, offering deposits, vehicle loans, housing loans, and gold loans. Broader and listed, but directly comparable on product mix and target customer segment.
• Bandhan Bank: Universal bank with origins in microfinance, serving retail and small-business customers across India with deposits and loans. Overlaps with Shri Saraswathi's retail-focused lending and deposit mobilization, but at vastly larger scale.

Direct peers

• Muthoot Fincorp: One of India's largest gold loan-focused NBFCs with a deep branch network in southern India. Highly comparable to Shri Saraswathi on the gold/jewel loan product, retail customer base, and branch-led distribution model.
• Manappuram Finance: Kerala-headquartered NBFC whose core business is gold-backed lending to retail customers, complemented by microfinance and housing finance. Directly comparable to Shri Saraswathi's jewel/gold loan and personal credit focus.
• Karnataka State Souharda Federal Cooperative Limited: Federal-level apex body for Souharda cooperatives in Karnataka under the same Souharda Sahakari Act, 1997. Operates in the same regulatory framework and serves as a direct counterparty / peer for member cooperatives such as Shri Saraswathi.

Emerging players

• IIFL Samasta Finance: South India-focused microfinance NBFC with a women-centric lending model serving low-income borrowers. Comparable on retail unsecured lending orientation and southern Indian footprint, though it does not mobilize deposits.
• Spandana Sphoorty Financial: Indian microfinance institution serving low-income borrowers with group and individual loans. Comparable to Shri Saraswathi's partially-secured and unsecured retail lending, although it operates through the MFI model rather than deposits.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/shri-saraswathi-credit-souharda-sahakari-limited.

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

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 Shri Saraswathi Credit Souharda Sahakari Limited.