Mahaganpati Multistate Co-operative Credit Society successfully held its 13th Annual General Meeting (AGM) last week at the Kavayitri Shantabai Shelke Auditorium, Manchar, in the presence of over 1,500 enthusiastic members.
The AGM was presided over by Founder President Vikas Bengade Patil, along with Vice-President, Directors, dignitaries from diverse fields, and cooperative leaders. The meeting was marked by vibrant participation and applause.
A dividend of 18% on equity shares was declared, reflecting the Society’s strong financial performance. Highlights included 319% deposit growth, Rs 5.03 crore net profit, and membership crossing 15,500. The Society also maintained its Grade A rating and set an ambitious deposit target of Rs 250 crore for the current year.
In a statement issued by the Society, Patil announced future initiatives including the establishment of the Mahaganpati Multistate Co-op Housing & Construction Society and the Agro & Solar Society, with planned investments in real estate, solar energy, CNG plants, and food processing units.
The Society praised the efforts of its staff and branch managers, crediting them for seamless event management and member satisfaction. CEO Samadhan Sannake presented the annual report, remarking, “Mahaganpati is not just an institution but a family; our members’ trust is our true capital.”
The 13th AGM set a new benchmark in cooperative excellence, with members extending best wishes for the Society’s continued growth.
