Profile

Buldana Urban Management Services

Buldana Urban Management Services Private Limited (‘BUMSPL’) is a private limited company registered on June 27, 2017 under the Companies Act, 2013. BUMSPL is a subsidiary of Buldana Urban Co-operative Credit Society Limited, Buldana (BUCCS). Its directors include Mr. Radheshyamji Chandak, the Founder Chairman (BUCCS) and Mr. Shirish Deshpande (CEO, BUCCS). The two independent directors are Mr. Suvrat Deshpande and Mr. Kanchan Kulkarni.

Buldana Urban Credit Co-operative Society (BUCCS) is an urban cooperative credit society registered on June 19, 1986 under the Maharashtra Co-operative Societies Act, 1960. As BUCCS expanded its business beyond the state of Maharashtra, its status changed to Multistate Co-operative in January 2008. Since its inception, BUCCS has always got an ‘A’ rating - the highest rating- set by the Registrar of Cooperative Societies (RCS), Maharashtra.

BUCCS is also a social organization. The operations expand to multiple activities to cater various demands arising in the society. Its livelihood enhancement initiatives have helped several farmers to find alternative income avenues, thereby reducing dependency on traditional cotton economy. The revival of sugar mills has ensured remunerative prices to hundreds of sugarcane farmers from down-trodden communities. The efforts of BUCCS in improving the quality of education in rural areas are benefiting more than 10,000 students studying in its day schools at various places. Buldana Urban Credit Co-operative Society is the biggest credit co-operative society in India with a well-connected network of 427 Branches across 7 states and the first to implement core banking.

The new subsidiary is formed to bring in the exclusivity and have more focus on microfinance. BUMSPL is currently working across various districts of Maharashtra, with a sole aim of providing financial assistance to deserving households in rural and semi-urban areas, which have been left unattended so far. BUMSPL is an intermediary for promoting financial inclusion in the country. The company aims at facilitating quick financial access by providing credit and micro-insurance services to the unbanked clients in targeted geography.

About Buldana Urban Co-operative Credit Society

Buldana Urban has supported and transformed countless common lives. It went beyond finance to enrich and empower the common man, with an array of socio-economic activities. It took co-operative movement to the gross root level and utilized it to uproot problems. By procuring secured finance to farmers and offering solutions to their problems such as storage and distribution of their products, Buldana Urban provided them economic stability and confidence.

Co-operation leads to prosperity and prosperity is committed to the welfare of society. With this belief, Buldana Urban was established way back in 1986, by Shri. Radheshyamji Devkisanji Chandak. Those were tough days as people viewed co-operation with distrust. Buldana Urban was a pioneering credit society that reinstated the trust by connecting itself to people in numerous ways. Being run and regularized by people, it worked flawlessly and relentlessly for the benefit of people helping with their day-to-day problems.

It has been a trail-blazing journey since inception. Today, Buldana Urban stands tall with a well-connected network of 427 branches and a number of firsts to its credit. Buldana Urban is the first credit society to opt core banking solution. Its deposits have exceeded 5777 crore rupees. Buldana Urban has proudly extended its activities in Maharashtra, Chhattisgarh, Rajasthan, Gujarat, Andaman & Nicobar, Andhra Pradesh, Goa and Madhya Pradesh. The Society, an epitome of reliability is a fine blend of traditional values and professionalism. The miraculous progress is the result of visionary leadership, methodical development, proper co-ordination, excellent teamwork, customer-oriented approach and unwavering trust of its account holders.

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