Pune-based Mahaganapati Multistate Co-op Credit Society, one of the fastest-growing cooperatives in Maharashtra, is on track to achieve a business mix of Rs 100 crore and open 25 branches by the end of the current financial year.
Chairman Vikas Patil shared the growth plans with Indian Cooperative, stating, “We are on a growth path, setting new milestones year after year. Currently, our business stands at Rs 64 crore, but we aim to surpass Rs 100 crore by the end of this financial year,” he informed.
The society currently operates 18 branches, primarily in the Pune region, with plans to expand its footprint across other regions of Maharashtra. “We are planning to open seven more branches in the coming months,” Patil added.
In addition to branch expansion, Mahaganapati Co-op is focused on increasing its shareholder base from the current 12,000 to 20,000 in the next few months. “We have set a target for our employees, and we are confident that we will achieve it,” Patil said.
The society is also modernizing its services with the latest technology, offering WhatsApp Banking to its customers and planning to introduce ATM facilities through an MoU with a private company.
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