Way back in 24th August 1963, 39 employees of Transport and Shipping and Central Sales Organisation, Calcutta organised a General Meeting and formed a Co-operative Credit Society under the tiltle 'Hindustan Steel Employees' Co-operative Credit Society Limited' and got it registered, under the Bengal Co-operative Societies Act, 1940, on 19th Day of March, 1964.

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The idea of setting up the Ispat Cooperative Hospital in a rural area was first conceptualized in 2006 as a social welfare activity of the Society and the same was included in Society’s vision document titled ‘Vision 2012’ which was adopted in its 39th Annual General Meeting.

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With an aim to stand by the downtrodden people of the Society, 17 like-minded people who are directly involved with the cooperative movement for a long time, sat together on 3rd November, 2006 and decided to set up a charitable organization.

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