About Us

A Brief History

Commonwealth Inclusive Growth Services Ltd., established on 21st January 2008 as a Public Limited Company (unlisted), has been undertaking economically viable and socially uplifting activities in the areas of banking & financial services. CIGS’ vision of banking the unbanked and under-banked segments of the society is aligned with the Sustainable Development Goals of the United Nations and the Pradhan Mantri Jan Dhan Yojana (PMJDY) in India.

  • CIGS has currently been rendering Business Correspondent Services to four Banks.
  • CIGS, as a certified Corporate Agent (Composite), has been selling the Insurance products of the partnering Insurance Companies.
  • CIGS has since entered into Corporate Agent Agreement with The New India Assurance Co. Ltd., SBI Life Insurance Co. Ltd., and IFFCO-TOKIO General Insurance Co. Ltd.
  • CIGS constantly explores opportunities to enhance its offerings, catering to the emerging needs of the community it has been endeavouring to enrich, duly complying with the extant rules & regulations.


To bring the majority of the economically active unbanked adult population of India into formal banking system, through leveraging technology and innovative business processes.


By the end of FY 2022-23, serve at least ten million customers, through a network of about 10,000 Business Correspondent Agents; clock at least 50 million Remittance Transactions

Business Overview

CIGS is the pioneer in coming out with on-line, real-time, interoperable Financial Inclusion Solution for the un-banked and under-banked segments of the society, under the brand name, Commonwealth Card, way back in 2009.  Commonwealth Card was meant to provide equal opportunity to access the banking services  to the under-privileged, while, at the same time, duly taking care to keep the cost of maintaining such accounts and offering digital services to such segment low to the Partner Banks.

CIGS has also been selling the Insurance Products of partnering Insurance Companies as an IRDAI regulated Corporate Agent (Composite).

Capitalizing on its extensive experience in the area of rendering Assisted Service across rural, semi-urban and urban locations, CIGS has conceptualized a one-stop-shop under the brand name, ‘CIGS Digital Kendra’, to offer a range of services in areas, such as, Banking & Financial Services, Insurance, Assisted e-Commerce, Health Care, Education, Agriculture.

CIGS, harnessing its extensive network of Field Staff and Agents, would foray into Market Research, as the Data it could collect would be invaluable for a whole lot of Companies.

Having established that ‘doing good is profitable’, CIGS decided to accelerate the pace of growth and simultaneously, reward richly its patrons / Shareholders.

Accordingly, CIGS has adopted a two-pronged strategy of making strategic acquisitions in the emerging / deep technology space, which would help achieve inorganic growth and getting the Company listed in the National Stock Exchange (NSE), for providing liquidity to its Shareholders.