After a challenging two-year phase, Beed based Aadhaar Multistate Cooperative Credit Society has shown signs of recovery in FY 2024–25, registering a 20% growth in its deposit base. The society is now aiming to cross a business mix of Rs 100 crore in the current financial year, up from nearly Rs 80 crore as on March 31, 2025.
Speaking to Indian Cooperative, Chairman Sunil Soundarmal shared the society’s recent journey and future plans. “The collapse of several multi-state cooperatives in our region—including Dnyaradha, Rajasthani, and Chatrapati Multistate—had a major impact on public trust. As a result, acquiring new customers became difficult due to the growing negative perception surrounding cooperative credit societies,” he explained.
“However, we focused on retaining our existing clientele and serving them better,” he added.
Despite external challenges, Aadhaar Multistate posted encouraging financial figures for FY 2024–25. As of March 31, 2025, the society’s total business stood at Rs 79 crore, comprising Rs 47 crore in deposits and Rs 31 crore in advances. It also recorded a modest profit of Rs 30 lakh. “While overall business grew significantly, we saw a healthy 20% increase in deposits,” noted Soundarmal.
He further emphasized that the society’s Net NPA remains under control, with no significant weaknesses observed in its operations.
Currently operating through six branches, Aadhaar Multistate now plans to expand to Latur, with an application for branch approval set to be submitted to the Central Registrar of Cooperative Societies (CRCS). “We are hopeful of receiving the necessary permissions soon,” he said. “Our vision is clear—we are targeting a business of Rs 100 crore, and our strategy is already in place.”
Though small in scale, Aadhaar Multistate is known for its disciplined operations and transparent governance under Soundarmal’s leadership.
