Genesis & Evolution

Way back in 1963 an idea was mooted by the then employees of Transport and Shipping and Central Sales Organisation of erstwhile Hindustan Steel Limited to form a Co-operative Credit Society. On 24th August 1963, 39 (thirty nine) employees of T&S and CSO, 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. Later on, by the passage of time a lot of changes have taken place. In the year 1980, the name of the Society was changed as “Steel Authority of India Employees’ Co-operative Credit Society Limited” and on 17.01.1992 the Society, owing to its All – India jurisdiction, converted itself into a Multi-States Co-operative Society.

Founder Members of the Society
Shri Shukhendu Bikash Sen Shri Manindra Narayan Cahtterjee
Shri Ajoy Kumar Nag Shri KC Jacob
Shri Asim Ghosh Shri Amalesh Sengupta
Shri Asit Ranjan Roy Chowdhury Shri Pranay Kumar sarkar
Shri Moni Moitra Shri Sitaram Kundu
Shri Sunil Krishna Basu Shri Prabir Kumar Roy
Shri Amala Kanta Ghosh Shri Benoy Chakraborty
Shri Narendra Nath Banerjee Shri Kumud Kumar Chakraborty
Shri Shyam Sunder Bose Shri NB Nandy
Shri Sujoy Sarbadhikary Shri Shyam Pada Santra
Shri Hara Prasad Ghosh Shri Pranab Kumar Banerjee
Shri Kamal Kumar Guha Abdul Hakim Mollah
Shri Ranajit Kumar Bakshi Shri SP Das
Shri Nirmal Kumar Routh Shri LK Singh
Shri MG Gopalan Shri Sudarshan Saha
Shri Niranjan Sarkar Shri Arobinda Bose
Shri Amal Kumar Biswas Shri Sachindra Nath Das
Shri Anadi Charan Mohanty Shri Kanai Lal Barman
Shri Amarendra Nath Ganguly Shri SK Basu
Shri PC Pattanayak

Regeneration of the Society :evastating fire Society’s Registered Office housed at Mackinon & Mackenzie Building 2 , Fairlie Place (2nd Floor) Calcutta – 700 001 was completely destroyed. Society lost its Furnitures , Registers , Ledgers , Records built-up since inception , Investment Receipts , Cash-in-safe for Rs.2,87,202.70 , Computer Machine , Air – condition Machine , Electrical fittings , in one word ‘ everything’ it had in its registered office. On the very same day , before the fire was extinguished , Society started its new office at Ispat Club Hall , without wasting a single working day , witha copy of FIR lodged by the Society on the same day as its first official paper.Thus , the process of regeneration started.