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Home Co-op News Snippets

Aditya-Anagha Co-op Society reaches Rs 1600cr milestone

Rohit Gupta by Rohit Gupta
September 12, 2024
in Co-op News Snippets
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Aditya-Anagha Co-op Society reaches Rs 1600cr milestone
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Aditya-Anagha Multi-State Credit Co-operative Society, one of Maharashtra’s leading credit cooperatives, achieved a business mix exceeding Rs 1,600 crore and recorded a profit of Rs 3.65 crore as of March 31, 2024.

The society’s deposits grew from Rs 900 crore in the 2022-23 fiscal year to Rs 1,095 crore by March 31, 2024, while loans increased from Rs 421 crore to Rs 528 crore during the same period.

With a Credit-Deposit (CD) ratio of 48%, investments totaled Rs 105.67 crore, reflecting growth across all financial parameters.

Operating across Maharashtra, Madhya Pradesh, and select districts in Chhattisgarh and Telangana, the society serves over 2.54 lakh members through 88 branches. Its share capital stood at Rs 53.75 crore as of March 31, 2024.

Since its inception, Aditya-Anagha Cooperative Society has seen remarkable growth, with its business mix rising from Rs 627 crore in 2019-20 to over Rs 1,600 crore in 2024.

Tags: Aditya Anagha MSCSBreakingchhattisgarhcooperativetelangana
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