Badagabettu Credit Co-operative Society Ltd., Udupi, a reputed co-operative institution in the state, has recorded an annual business turnover of ₹4,062.29 crore and earned a net profit of ₹18.13 crore during the financial year 2025–26, said President Jayakar Shetty Indrali at a press meet.
Record Performance
The society, which has been rendering meaningful service in the co-operative sector for 108 years, has a membership base of 22,869 as of the end of the financial year. It has mobilized deposits of ₹658.80 crore, registering a growth of 14.93% over the previous year.
Loans are provided to members for housing, vehicle purchase, land purchase and development, commercial complexes and residential projects, self-employment, education, marriage, gold loans, and household needs after obtaining necessary documentation.
The outstanding loan portfolio stood at ₹533.96 crore, marking an 11.94% increase compared to the previous year. The society holds reserves of ₹117.60 crore and investments of ₹268.30 crore, with a total working capital of ₹791.46 crore.
On this occasion, traffic police officials, members of the Society’s Board of Directors, the General Manager, the Assistant General Manager, and the accountant were present.
12th Branch at Kundapura Soon
The society currently operates 11 branches, out of which 8 function in its own buildings. For the 12th branch, a property has been purchased in the heart of Kundapura, and the construction work is in its final stage. The branch will soon be ready to serve customers with modern facilities.
Awards and Social Commitment
The society has received 2 national awards, 9 state-level awards, and 19 undivided Dakshina Kannada district awards, establishing itself as a successful credit co-operative institution. Along with business growth, the society fulfills its social responsibility by allocating around ₹25 lakh annually for education, healthcare, and social welfare activities.
“Sahakara Manikya” Award
The society was honored with the “Sahakara Manikya” award at the 72nd All India Co-operative Week state-level program. Along with the award, it received a cash prize and a 5-gram gold medal. This recognition was given for its outstanding service, management, and achievements in the co-operative sector, making it the first credit co-operative society in Udupi district to receive this honor.
Digital Services: Chetana Mobile App
As part of digital initiatives, the society has developed the “Chetana Mobile App,” through which customers can transfer funds, manage loan accounts, and access information about new schemes. The app has received a positive response from users.
Available on Google Play Store and Apple App Store, customers are encouraged to utilize the app and contact their nearest branch for more details.
All branches offer facilities such as safe lockers, e-stamping, PAN card services, money transfer, health cards, insurance services, mobile-based daily deposit collection, zero-balance Vidyanidhi accounts, missed call services, and free SMS alerts.
Future Targets
The society aims to achieve an annual business turnover of ₹5,000 crore and total business of ₹1,400 crore in the coming year, including ₹750 crore in deposits and ₹650 crore in loan disbursements.
Additionally, it plans to construct a “Sahakara Soudha” building at an estimated cost of ₹10 crore on a 1-acre site already acquired in the heart of Udupi.
Branch advisory committees have been formed in each branch to implement new schemes under their supervision.
Vice President George Samuel, Board Members Sanjeeva Kanchan, Purushothama P. Shetty, Umanath L., Vinay Kumar T.A., Padmanabha Nayak, Haji Syed Abdul Razak, Sadashiva Nayak, Manohar S. Shetty, Sadhu Salian, Jaya Shetty, Gayathri S. Bhat, Chief General Manager Rajesh V. Sherigar, Assistant General Manager Praveen Kumar, and Accountant Ashwini Kumar were present at the press meet.