Even when the apex labour cooperative federation NLCF is struggling to find its feet one of its member societies Kerala-based Uralungal Labour Contract Co-Operative Society (ULCCS) is all set to export IT solutions to US and Europe through its IT arm eyeing a turnover of Rs 500 crore in the next five years.
The cooperative launched with 14 members with an initial investment of 37 paise in 1925 in Vadakara in Kozhikode district, had set up Technopark-based UL Technology Solutions (ULTS) in 2012.
ULTS has now become a leading IT/ITES solution provider for a number of public and private enterprises including Delhi Metro Rail Corporation (DMRC) and is planning to expand operations in the international market in the areas of healthcare, transport and GIS by mid 2016.
The IT company, is targetting to achieve Rs 500 crore business volume and create 1,000 jobs by FY 2019-20, a top official said. It had achieved a turnover of Rs 25 crore last year and is expected to touch Rs 70 crore this year.
Tucked away in the southern part of the country it is exploiting cooperative concept to the hilt. Whether you are on a high way or in hi-tech park, your eyes can not miss the ubiquitous presence of this construction cooperative.
Considering the performances of the Society the State Government is treating society as an “Accredited Agency” to undertake works directly without tender procedure. The works under Special Development Fund for MLAs are also undertaken directly without tender procedure. Tourism Department has also approved it as the execution agency. What a clout! And all based on twin principles of integrity and quality-which underline the execution of all its projects.
Most of the Local Self Govts (Panchayat Raj Institutions) have identified ULCCS as the reliable partner for entrusting the development of roads and other facilities at the village level.