Shree Yashawini Souharda Credit Co-operative Limited

What Shree Yashawini Souharda Credit Co-operative Limited does

Shree Yashawini Souharda Credit Co-operative Limited (SYSCO) is a member-owned credit co-operative society registered under the Karnataka Co-operative Societies Act and headquartered in Jayanagar, Bangalore, India. Founded on 16 January 2015 by M.C. Venugopal, the society operates as a community banking institution serving 3,421 individual members (as of 31 March 2025) across nine districts of the Bangalore division. Its stated mission is to encourage thrift and savings among the general public and to reduce dependence on private money lenders.

The product franchise is structured as a classic net-interest-margin micro-bank. Lending products comprise Clean Loans at 18% interest, Mortgage Loans at 15%, and Vehicle Loans at 18%. Liability-side offerings include term deposits (6 months to 6 years) yielding 4% to 12% with an additional 0.5% for senior citizens, a 4% savings account, daily 'Pigmy' collections with a minimum ₹100/day instalment, and safe-deposit lockers. All operations run on a 'fully computerized' accounting backbone; the society has no mobile app, internet banking, API, or other digital channel, and all transactions are conducted in person at the single Jayanagar branch.

As of FY25 (31 March 2025), deposits stood at ₹998.00 lakhs, working capital at ₹1,146.88 lakhs, and reserves at ₹64.38 lakhs, with total business exceeding ₹10 crores. The society has maintained an 'A' Grade Audit classification from the Department of Co-operative Audit in every year since inception, employs 16 staff, and is governed by a 21-member board led by CEO Kusuma R. Member acquisition and marketing rely on word-of-mouth referrals and community outreach programs (medical camps, scholarships, cultural events) rather than paid or digital channels.

Name

Shree Yashawini Souharda Credit Co-operative Limited

Legal name

Shree Yashawini Souharda Credit Co-Operative Society Limited

Website

https://syscoltd.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Shree Yashawini Souharda Credit Co-operative Limited is a member-owned credit co-operative society in Jayanagar, Bangalore, founded in 2015 to provide thrift, savings, and small-ticket lending (Clean, Mortgage, Vehicle loans) to 3,421 individual members across nine Bangalore-division districts via a single branch.

Ownership category

akta.pro rank

Product category

Co-operative Banking

NAICS

Credit Unions (522130), Depository Credit Intermediation (5221)

SIC

Personal Credit Institutions (6141)

akta.pro industry

PRIMARYFSABAEAG

Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

SECONDARYFSAKAGAA

Microloans & Working Capital Loans

Financial & Insurance/Lending & Consumer Finance/Small Business & Microenterprise Lending

SECONDARYFSAKAAAC

Subprime & Deep-Subprime Unsecured Personal Loans (Installment)

Financial & Insurance/Lending & Consumer Finance/Personal Loans (Unsecured Installment)

Keywords

• Cooperative banking services
• Credit co-operative society
• Micro savings products
• Personal loan products
• Term deposit products

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: SYSCO generates revenue through interest charged on various loan products including Clean Loans at 18%, Mortgage Loans at 15%, and Vehicle Loans at 18%. This is the primary revenue stream for the co-operative society.
2. Deposit Mobilisation: The society mobilises deposits from members offering competitive interest rates (4% to 12% depending on tenure and senior citizen status), which are used to fund lending operations.
3. Pigmy Collections: Daily savings collection service where minimum daily contribution is ₹100. Interest rates of 2.50% (1-2 years) and 4% (2-3 years) are offered on pigmy deposits.
4. Safe Deposit Lockers: Locker facilities provided to members for secure storage of valuables.

Pricing tiers

Distribution channels1 record

Marketing channels3 records

Core offering

Shree Yashawini Souharda Credit Co-operative Limited (SYSCO) is an urban credit co-operative society that offers personal banking and lending products to its 3,421 members. Its core offerings include Clean Loans (18% interest), Mortgage Loans (15%), Vehicle Loans (18%), Pigmy Collections (daily micro-savings from ₹100), Term Deposits (4% to 12%), Savings Accounts (4%), and Safe Deposit Lockers. The society operates as a member-owned entity focused on financial inclusion and protecting the common man from private money lenders.

Product overview

Shree Yashawini Souharda Credit Co-operative Limited operates as a single unified cooperative banking platform offering a comprehensive suite of financial services. The core product portfolio centers on Loans (Clean Loans, Mortgage Loans, Vehicle Loans), Deposit Products (term deposits with varying tenures), Pigmy Collections (daily savings), and Savings Accounts. The society differentiates through transparent interest rates, computerized accounting systems, and safe deposit locker facilities. All services are delivered through fully computerized operations with quarterly or monthly interest payment options to accommodate member preferences.

Differentiator

Problem solved

Functional benefit

Products and services

• Loans Personal lending products for members including Clean Loans (18% interest), Mortgage Loans (15% interest), and Vehicle Loans (18% interest), providing transparent loan solutions with clear terms to help members meet personal financial needs.
• Pigmy Collections Daily savings collection service with a minimum daily deposit of ₹100, offering 2.50% interest for 1-2 year tenure and 4% for 2-3 year tenure, designed to help members build a secure financial future through disciplined micro-savings.
• Deposit Products Term deposit accounts with quarterly compounding interest and monthly interest payment options, offering attractive rates ranging from 4% to 12% depending on tenure (6 months to 6 years), with an additional 0.5% premium for senior citizens on most tiers.
• Savings Account Basic savings account offering 4% annual interest (4% for senior citizens), enabling members to maintain liquid funds with computerized accounting for precise financial records.
• Safe Deposit Lockers Secure safe deposit locker facility provided to members for safe custody of valuable items and documents, backed by reliable security measures at the Jayanagar branch.

Quantifiable outcome

• 3421 active members as of March 2025
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators8 records

Recent moves5 records

Expansion highlights4 records

Market position

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/shree-yashawini-souharda-credit-co-operative-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Shree Yashawini Souharda Credit Co-operative Limited