The Uralungal Labour Contract Cooperative Society (ULCCS), based in Kerala, has secured the third position in the Industry and Utilities Co-operatives sector rankings.
This accolade places ULCCS just below Corporation Mondragon of Spain and Andel Group of Denmark. The ranking is determined by the turnover-to-Gross Domestic Product (GDP) per capita ratio.
Published by the International Cooperatives Alliance, the World Co-operative Monitor recognizes ULCCS as a primary level Indian Labour Co-operative.
The Industry and Utilities category encompasses cooperatives in industrial sectors, excluding the food industry, and those engaged in utility-related economic activities.
This section includes worker cooperatives in construction and user cooperatives in utilities, focusing on the management of public service infrastructure. Notably, four Indian cooperatives, namely IFFCO, GCMMF, Kribhco, and ULCCS, are featured in the sectorial report.
ULCCS, established in 1925 in Vadakara, Kerala, with an initial capital of 6 Annas, became the first Primary Co-op Society to gain membership in the International Cooperatives Alliance in 2019. Normally reserved for national apex bodies, ULCCS earned this recognition based on its impressive 98-year performance.
Originally formed with 14 members, ULCCS prioritized the welfare of daily wage laborers, evolving into the largest cooperative society in Asia. Committed to uplifting the underprivileged, ULCCS remains a model cooperative in India, engaging in activities that not only provide immediate employment but also create long-term opportunities.
Maintaining a futuristic outlook throughout its 98-year history, ULCCS has navigated political changes during the struggle for independence without being swayed by political interests.
The World Cooperative Monitor annually produces a comprehensive database highlighting the economic significance and global impact of the cooperative business model on members and communities.
