In a remarkable display of cooperative-driven growth, Sudhan Gold, a fintech-focused gold loan company established in 2021, has rapidly made its mark in the financial services sector.
With a mission to serve cooperative credit societies and bring affordability and transparency to gold loans, the company is on the verge of achieving a major milestone—Rs 3,000 crore in business volume—in just two and a half years.
The company was founded by Sandeep Koyate, son of renowned cooperative leader Kakasaheb Koyate, and has carried forward his legacy of strengthening the cooperative movement through financial empowerment and technology.
Kicking off the financial year 2025–26 with momentum, Sudhan Gold recently announced a major partnership with Chandrapur Urban Multistate Credit Co-operative Society Ltd., a prominent Maharashtra-based institution with over Rs 200 crore in deposits and Rs 90 crore in advances. This collaboration enhances Sudhan’s presence in the Vidarbha region and sets the tone for a year filled with strategic alliances and impactful outreach.
Speaking to Indian Cooperative, Sudhan Gold’s founder Sandeep Koyate shared, “We are especially focused on providing end-to-end services to members of cooperative credit societies—from employee training to the full deployment of gold loan operations and marketing support. Our goal is to ensure societies are well-equipped to serve their members swiftly and securely.”
As part of the tie-up, Sudhan Gold is deploying its fraud-proof, paperless gold loan software, which enables cooperative societies to disburse loans in just 14 minutes. This fintech innovation not only enhances operational efficiency but also ensures complete transparency for both the society and its members.
Where traditional NBFCs like Muthoot Finance and Manappuram Finance charge interest rates up to 24% or more, Sudhan’s offerings to cooperative societies are priced at an accessible 14–15%, making a major difference in the financial burden for rural and semi-urban borrowers.
Sudhan Gold has built a strong and growing network by partnering with nine cooperative credit societies—six of them are multistate cooperatives and three are patpedhis. Notable among these are Godavari Urban Multistate Credit Co-operative Society, Maheshwar Multistate Credit Co-operative Society, Samata Multistate Credit Cooperative Society and others.
This expanding network reflects Sudhan’s dedication to strengthening the cooperative sector and its innovative approach to gold loan services.
Sudhan’s impact goes beyond financial figures—it is actively reshaping how cooperative societies serve their members. By combining low-cost financing, fast service delivery, and robust fraud prevention, Sudhan Gold is helping societies offer banking services that rival those of major private players.
As the company continues to grow its footprint across Maharashtra and other states, its vision remains steadfast: to revolutionize gold lending through cooperation, technology, and trust.
