Belgaum (Karnataka) based Shri Arihant Multi State Credit Cooperative Society, headed by Abhinandan Patil, has showcased strong financial performance for the year ending 31st March 2025, with significant growth in deposits, loans, and net profit.
As per the figures coming at the Indian Cooperative desk, the Society’s total business, which includes deposits and loans reached Rs 2,556.32 crore, up from Rs 2,200.04 crore in the previous financial year, marking a robust growth of Rs 356 crore.
The number of members rose from 13,974 in FY 2023–24 to 17,946 in FY 2024–25, reflecting growing public trust in the institution. Deposits surged to Rs 1,458.07 crore, compared to Rs 1,202.23 crore last year. Similarly, loans disbursed increased from Rs 997.81 crore to Rs 1,098.24 crore, demonstrating expanding credit activity.
A key highlight of the year was the rise in net profit, which stood at Rs 14.76 crore in FY 2024–25, up from Rs 11 crore in the previous fiscal. The Society also maintained a high recovery rate of 95.01%, indicating sound financial discipline and robust loan recovery practices.
Investments grew sharply to Rs 355.82 crore, up from Rs 216.36 crore in the previous year, while working capital increased to Rs 15,578 crore. The Society’s annual turnover was recorded at Rs 8,250.30 crore, compared to Rs 7,188.71 crore in FY 2023–24—underscoring the expansion in its operational scale.
With 62 branches (including one head office and 61 operational branches) and 18 owned buildings, the Society has continued to strengthen its physical footprint. The leadership attributed this growth to effective governance, operational transparency, and a member-centric approach.
Overall, Shri Arihant Multi State has demonstrated a solid financial footing and continues to move steadily toward its long-term vision of sustainable and inclusive cooperative banking.