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Chairman's Desk ...It is a matter of pride and satisfaction to address all of you that our society is crossing its 12th year as a co operative institution with financial stability, progress and keeping up the promises. I want all of you to retaliate on the promise this Board has given you during the last Financial Year that we will be a One lakh member strength and 650 Crores plus business Society in March 2025 and I am very pleased to confirm to all that we surpassed our targets and achieved the targets in same. We have joined the elite group of co operatives who despite having a big business turnaround are working profitably and productively.
Financial Year 2024-2025 has been exceptional and signature styled in the journey of our society as we have delivered all the projects we said we will be doing and that too in style. I am happy on the fact that we are one of the rare societies in our segment who have been profitable for the forth continuous year in a row now after our Board has come into power form 2021. With explicitly clear vision and forecasting along with decision making capacity we as a society have navigated through testing times from external and internal conflicts and still delivering the promised numbers with profitability for which I want to thank all the respective members for your trust, our workforce our staff for the their tireless work and our affiliates who gave their everything to make this society keep its head high.
I want to remind you all again on the big vision which we have- that to become a co operative with 2 Lacs members and 1300 Crores in March 2026 and Cross 3000 Crores of business with 5 Lacs members in March 2027. We need to do this in style and at the same time make sure that we abide by all the guidelines of our regulators, maintaining profitability and ensuring maximum productivity in branches, member service centers and between our staff. Every contribution matters and we need a collective effort to reach what we have dreamed together.
We are having this victory march together, hence I am looking for your active support, advises and encouragement, as our society continues to put in its best to achieve excellence. We have designed a road map to increase the volume of business in the coming years, through multiple channels. For this, we need the support of our members, staff , Business affiliates and associates to channel the business and thereby create our commendable presence in the 16 states where we have operational license- Kerala, Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Jharkhand, Maharashtra, Meghalaya, Odisha, Rajasthan, Sikkim, Tripura, Uttar Pradesh and West Bengal. We are also in the process of acquiring operating licenses in additional states to enhance our business operations. We shall also seek the approval of the Central Registrar in opening more branches of our society.
To conclude, let me take this opportunity to thank all our esteemed members, business associates and affiliates, staff & well-wishers of the society for their patronage and support rendered. I would like to thank my fellow Board members who have stood together and have helped the society pass through the challenges faced during the testing times. I would like to express my gratitude towards Ministry of Co Operation, Honorable CRCS Office, NCDC, NCUI, NAFCUB, ICA and all have supported us in this great journey and we depend upon you for guidance and support. The United Nations have declared this year 2025 as the International Year of Cooperatives ( IYC ) and let us ensure we build our society in the true co operative morals towards excellence.
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