Buldana Urban Cooperative Credit Society was formed on 15 August 1986.

Chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

(Mr.) Radheshyamji Chandak started it with capital of 210

USD The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

and 72 members. In a span of 27 years and mainly in last decade under

managing director A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

Dr Sukesh Zamwar, the Credit Society has grown to size of 1.1

billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i.e ...

dollar business with more than half a million (700,000) membership. The area of operation is mainly in central and

western India Western India is a loosely defined region of India consisting of its western part. The Ministry of Home Affairs in its Western Zonal Council Administrative division includes the states of Goa, Gujarat, and Maharashtra along with the Union te ...

in four states of

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

. Now the society has 333 branches and 5000 employee and 300

warehouse A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities ...

s. Total built up area for

Warehouse A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities ...

is 5,000,000 sq feet and capacity of 435,000 metric tons. It maintains a presence in most of the metro cities of

and also in

rural areas In general, a rural area or a countryside is a geographic area that is located outside towns and cities. Typical rural areas have a low population density and small settlements. Agricultural areas and areas with forestry typically are describ ...

Awards and achievements

Credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including depo ...

Micro Finance Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings ...

innovation award given by the Asian Confederation of Credit Union in

Manila Manila ( , ; fil, Maynila, ), officially the City of Manila ( fil, Lungsod ng Maynila, ), is the capital of the Philippines, and its second-most populous city. It is highly urbanized and, as of 2019, was the world's most densely populate ...

International Cooperative Alliance The International Co-operative Alliance (ICA) is a non-governmental co-operative federation or, more precisely, a co-operative union representing co-operatives and the co-operative movement worldwide. It was founded in 1895 to unite, represent an ...

Pauline Green. * Best cooperative credit society award by ''Apex'' body of Indian cooperative, National Cooperative Union of

in 2008 and in 2013. * Managing director of Buldana Urban Cooperative Credit Society becomes

chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

Asia pacific Youth Committee. *

coordinator of Asian Confederation of

Credit Union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including depo ...

s. * World Corporate Excellence Award * Banking frontiers 2014 – Best Youth CEO Award

Activities

The

co-operative society A cooperative (also known as co-operative, co-op, or coop) is "an autonomy, autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratical ...

business activities mainly are in

loan business, gold loan business, industrial finance, infrastructure finance business, housing loan and vehicle loans, individual loan business, and education loans. Lending is not to be the sole business of any credit union; it must do something for members. The Credit Society's principles, or ''breakout innovations'' are: # ''Four Pillar System'' – all the money in the world goes to banks. # Social banking – people's money should be utilized for well being of people.

Technology use

To handle business for its 700,000 customers scattered in four states and 5,000 employees, its branches are connected by a core banking network, a data center and core banking software. It provides facilities for debit card, internet banking and mobile valet to customers, as well as real time money transfer and online warehousing. In India, the banking sector is still lagging behind the developed world, so to reach unbanked people in Buldana Urban, it has started a mobile banking van. The society has a tie up with

Yes Bank Yes Bank is an Indian bank headquartered in Mumbai, India and was founded by Rana Kapoor and Ashok Kapoor in 2004. It offers wide range of differentiated products for corporate and retail customers through retail banking and asset management ...

for a doorstep service, called Nano Teller, through which the society's employee provide customers to deposit or withdraw up to from their savings account. In 2012, the service was started in

Pune Pune (; ; also known as Poona, (List of renamed Indian cities and states#Maharashtra, the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million ...

Buldana Urban Industries

Buldana and its subsidiaries run many industries # Pharmaceutical company manufacturing anticancer drugs # Mineral water plant # Cleaning and grading units at warehouses with day packing facility # Sugar factory # Milling of pulses # Soybean Seed plant # Village development programs # Buldana Urban Credit Care # Safety And Security Company # Buldana Urban Charitable TrustZaubacorp
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References

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External links

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Buldana Urban Sociedade Cooperativa de Crédito
{{Banking in India Cooperative banks of India Buldhana Cooperatives in Maharashtra 1986 establishments in Maharashtra Banks established in 1986 Indian companies established in 1986 Banks based in Maharashtra