Mangaluru: Sri Lakshmananda Multipurpose Society to celebrate silver jubilee on Apr 2

Daijiworld Media Network – Mangaluru (EP)

Mangaluru, Mar 30: Sri Lakshmananda Multipurpose Society will celebrate its silver jubilee on April 2. 

Sri Lakshmananda multipurpose society that started in 1997 with only Rs 3 lacs capital, nine directors and 800 shareholders has more than Rs 2.8 crore capital and more than 400 crore shareholders now.

It has earned more than Rs 1 crore profit during 2022 and has paid 20% dividend to its shareholders.

It has provided loans to more than 2,500 auto drivers and made them owners. It has disbursed loans to street vendors and vegetable sellers for their capital and inspired them to be self-reliant. It also provides for guidance to them from time to time.

It has indulged in social work by holding free eye test camp, blood donation camp, help for the children of members and donations to several groups and associations.

The society has its head office at Morgans gate and branches at Hampankatta, Kavoor, Katipalla- Kaikamba and Ullal. It has built its own building at Morgan gate at a cost of Rs 8 crores.

The silver jubilee of the society will be held in the new building on April 2, 2023. It will be presided over by former minister J Krishna Palemar.

President J Krishna Palemar, vice-president K Dinesh Rao, directors and CEO Shivaprasad P A were present in the news conference. 




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Comment on this article

  • sumith S Rao, mangalore

    Sat, Apr 01 2023

    They have more than 400 crore shareholders ? There are only 140 crore people in India It must be They have more than 400 crores of capital or laoans and advances check and correct

    DisAgree Agree Reply Report Abuse

  • Prem, Mangalore

    Fri, Mar 31 2023

    Doing a great job. Wish all the best..

    DisAgree Agree Reply Report Abuse

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Title: Mangaluru: Sri Lakshmananda Multipurpose Society to celebrate silver jubilee on Apr 2

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