Rons Bantwal
Mumbai, April 6: Varada Ullal (87), founder-chairman of Bharat Co-operative Bank (Mumbai) Limited and former president of the Billava Association Mumbai, passed away on Monday evening in Mumbai following a brief illness.
The nearly 94-year-old social organisation, one of the city’s most respected institutions, mourns the loss of a visionary leader.
He is survived by his wife, Jayanthi V Ullal, former president of the women’s wing and vice-president of the Billava Association Mumbai, daughters, sons-in-law, grandchildren, and other family members.
Originally from Ashoknagar, Mangaluru, Ullal moved to Mumbai and served as president of the Billava Association during 1971–72 and 1974–78. Under his leadership, he courageously established the Association’s office in the Fort (V.T.) area. Recognising the need for a community-owned bank to strengthen the Billava community financially, he secured approval from the Reserve Bank of India and founded Bharat Bank, serving as its first Chairman.
A financial expert and visionary, Ullal helped shape the institution’s mission and structure, remaining actively engaged with the Association until recent times. His passing is being described as an irreplaceable loss to the Billava community.
“He was one of the most esteemed presidents of the Association, a great thinker dedicated to the welfare of society. His foresight, dedication, and selfless service will always be remembered by the Billava community. His commitment and integrity in every endeavour have guided many,” said Harish G Avin, current president of the Billava Association Mumbai.
The funeral rites will be held on Tuesday, April 7. The mortal remains will be available for public viewing at his residence (G-603, Prarthana Samaj Road, Satsang Co-operative, Vile Parle East) from 10:30 am, followed by the final rites at the local crematorium, according to family sources.
Numerous dignitaries and community leaders have expressed their condolences, including Billava Association president Harish G Avin, honorary president L V Avin, honorary general secretary Harish G Saliyan, office-bearers, executive committee members, heads of local committees, N T Poojary, president of Billava Chambers of Commerce and Industry, Suryakant J Suvarna, chairman and Board of Directors of Bharat Bank, staff members, Raja V Saliyan, Nityananda D Kotiyan, Billava NCP leader Lakshman C Poojary, among hundreds of others, all paying their respects and tributes.