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 :
On 7th November , 1998 in a devastating 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.
