The Pavagada Souharda Multipurpose Co-operative ltd had its origin way back in the year 2002 with a share capital of Rs.25 Lakh in the geographically backward taluk of Pavagada in the district of Tumkur. The society’s founder was late Shri Henja Reddy of Pavagada . In the year 2002 the society came under Karnataka state Souharda society act 2002. During the last 14 years the society has opened 25 branches in 8 districts of Karnataka and as on date has Rs 285 crores of total business. The society while accepting deposits from members also offers variety of loans to members. In addition to this, insurance services chits fund, RTGS, NEFT, Passport and Pan Card services, all type of Bill payments, online services are also extended.

During the year 2014-15 a total dividend of 14% is declared.The society under the dynamic leadership of shri B H Krishna reddy, who is the president since 2002, is the guiding force behind this growth saga and we will achieve greater heights under his able guidance in the years to come.

BOARD OF DIRECTORS AT THE TIME OF ESTABLISHMENT in the year 2002

  • B.H Krishna reddy(President)
  • S. Shiva Prasad ( Vice president)

Directors

  • B.H Ramalinga reddy
  • B.H Prakash reddy
  • T.S Tata prasanna kumar
  • B.H Jayarama reddy
  • R.N Mohan murulidhar
  • G.Raju
  • P.S Janardhana reddy
  • G.M Vishwanth
  • C.Nagesh – CEO

The Financial position of the Society as at the end of First year as under

Particulars Amount (Rs.)
No. of Members 240
Share Capital 25,00,000/-
Deposits 70,00,000/-
Loans Advances 1,00,00,000/-
Net Profit 4,69,000/-

Branch details

SLNO BRANCH NAME DATE OF OPENING
1 PAVAGADA 24/05/2002
2 MADHUGIRI 18/08/2004
3 TUMKUR 22/05/2006
4 LINGDAHALLI 06/12/2006
5 S G PALYA 07/08/2005
7 SAHAKARNAGAR 29/10/2009
8 KORATAGERE 01/09/2010
9 SIRA 11/08/2010
10 KOLARA 03/01/2011
11 B T M 04/10/2011
12 CHITRDURGA 07/03/2012
13 DAVANGERE 12/03/2012
14 H S R LAYOUT 01/09/2012
15 S I T TUMKUR 01/11/2013
16 RAJAJINAGAR 15/01/2013
17 JAYANAGAR 08/03/2014
18 SHIVAMOGGA 27/11/2014
19 DODDABALLAPURA 19/12/2014
20 CHIKKABALLAPURA 29/03/2015
21 RAMANAGAR 11/09/2015
22 WILSON GARDEN 22/11/2015
23 DASARAHALLI 21/12/2015
24 YELAHANKA 14/11/2015
25 MARATHALLI 16/11/2015
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