History

HISTORY OF THE SOCIETY :-

The Government of India had implemented The Gold Control Act all of a sudden in the year 1963. Sri. Morarjee Desai was the Finance Minister during that period. Because of utmost fondness towards gold for Indians and to control the inflow of gold secretly into the nation through Act were the main purpose. After realizing the difficulties of the goldsmith workers who lost jobs due to implementation of The Gold Control Act, the Government reserved a sum of Rs.15 Crores and distributed to all states. But this was only financial help to the sufferers by way of loan.

Though the Act was in favour of the nation, the artisans who engage in preparing the golden ornaments and who could not adjust themselves to any other work found it very hard to face the horrible situation. While some lost the jobs, some started searching for new jobs. At this juncture Karnataka State also received its share of Rs. 1 crore from the Central Government for establishing goldsmiths Industrial Cooperative Societies for lending loans to goldsmith workers.

At the same time Deputy Director of Industries in Mangalore had urged and supported to establish goldsmiths Industrial Cooperative Societies. Thus started a Cooperative Society called by name S.K. GOLDSMITHS' INDUSTRIAL CO-OPERATIVE SOCIETY LTD. on 9th January, 1964. The great leader of Vishwakarma community, philanthropist Sri. Palke Baburaya Acharya, the owner of M/s. Canara Jewellers, Mangalore was named as its first President, Sri. M. Krishnagopal as its Honorary Secretary, Sri. B. Damodara Acharya as its Treasury, Sri. B. Sadananda, Sri. M. Gopal Achar and Sri. M.L. Devaraj achar as its Directors took the responsibility on their shoulders to execute the duties of the Society.

Founder President

SRI. BABURAYA ACHARYA

INDUSTRY & BANKING:-

When loans are lent to the beneficiaries the government had prepared a special project on its own. In the project several industries are included. Preferable industry was selected by each society of its liking. The government directed societies to provide jobs to those who lost job or to their kin in blacksmith workshop and in the manufacture of furniture. In the beginning the Iron and wooden household furniture manufacturing society by its members was established in the building of Handloom factory in Shanthi nagar, Jeppu under a monthly rent of Rs.250/- Sri. Palke Baburaya Acharya, was financially very supportive when the Society faced problems like raw materials, electricity etc. To avoid these problems and difficulties the Society was shifted to a new small room in Car Street in 1976. Opening of Banking Division with investment of Rs.12,000/- by way of shares from 167members and deposit of Rs.7,000/- was witnessed by then Small Scale Industry Minister Sri. Veerappa Moily.

DEVELOPMENT :-

Those who came next as President Sri. M. Gopal Acharya and Sri. K. Shivaram Acharya also followed the footsteps of founder President Sri. Palke Baburaya Acharya, who worked for development of the Society. In the following years Sri. G.D Achar, Sri. Alevoor Madhava Achar, Sri. B.M. Ravindra Acharya and Sri. Baikadi Janardana Achar as well as Board of Directors too were instrumental in the prosperity of the Society, facing so many problems on their way. Presently Sri. P. Upendra Acharya is executing as President of the Society.

Though Sri. M. Krishnagopal served as Honorary Secretary from 1964 to 1977, In the beginning, retired officers Sri. M. Kanthappa, Sri. Anatharaja Malla [Retired Assistant Registrar of co-operative Societies] Sri. Shankaranarayana Bhat [District Auditors of cooperative Societies] have served as Secretaries. After words Sri. K. Umesh Acharya has served as General Manager/Chief Executive Officer from 1993 to 2018. As per decision of the managing committee the production units were registered under the fold of Society during his tenure, in 1996. The society progressed step by step after all the amendments of the Act were enforced in the year 2000.
Sri. Yajneshwara is presently serving as Chief Executive Officer of the Society,

It was possible to achieve progress in all fields like investments in shares, in deposits, lending loans, recovery of loans because of cooperation by the members and customers.

The Society is engaged in service to members by opening 14 Banking branches including industrial branch at Mangalore, Puttur, Koteshwara, Kinnigoli, Bellampalli, Kundapura, Udupi, Padubidri, Kulai, Perduru, Santhekatte-Kalyanpura, KottaraChowki, Shirva-Manchakal and Guruayanakere with expert staff members giving prompt service to the customers / members.

OWN BUILDING:-

The society shifted it's administrative office to own premise building “VISHWASOUDHA” in Kottara Chowki, Mangalore, along with Kottara Chowki branch, and Industrial sales unit. The society is also having Bank branches at Udupi, Padubidri, Kinnigoli, Kulai are doing business in its own building and production unit at Baikampady too running in it's own building.