Maharashtra based Mahaganpati Multistate Co-operative Credit Society has reported an impressive financial performance for FY 2025-26, posting a net profit of Rs 7.72 crore.
Founder and Chairman Vikas Bengde Patil announced that the society is likely to declare an 18% dividend for general shareholders, while preference shareholders are expected to receive a 15% dividend.
The institution recorded strong growth across key financial indicators. Deposits rose to Rs 207.16 crore, while share capital reached Rs 14.28 crore. Loan disbursements stood at Rs 172.89 crore, with NPAs tightly controlled at just 0.2%, reflecting sound financial discipline.
The society currently serves 40,298 account holders and has invested Rs 42.47 crore in banks. It also maintains a reserve fund of Rs 3.92 crore and has invested Rs 44.12 crore in fixed assets.
Chairman Patil attributed the success to the strong leadership, dedicated staff, and continued trust of members and depositors, along with the contribution of CEO Samadhan Sannake, according to a press release shared with the Indian Cooperative.
Looking ahead, the society has set ambitious targets for FY 2026–27, aiming for Rs 500 crore in deposits, Rs 800 crore in total business, 1 lakh customers, and a profit of Rs 25 crore.
