Over the years Lokmanya Multipurpose Co-Op Society Ltd has made great strides in the finance sector and has been providing various related services.

Established in 1995, as a small credit society in the suburb of Belgaum, Lokmanya Society has come a long way since then; making their presence felt all over Karnataka, Maharashtra, Goa, and Delhi with a network of over 213 branches.

With a single-minded focus on working for the good of the people by uplifting their living standards through sustainable and meaningful initiatives, Lokmanya Multipurpose Co-op. Society Ltd. was founded by Kiran Thakur.
Thakur is a renowned social worker, a reputed journalist, and the editor of Tarun Bharat daily. Under the aegis of Thakur, Lokmanya has been nurtured by honest intentions and unparalleled passions to serve and empower the people and society.

The primary goal of the company was to provide financial support to the ambitious yet needy people with access to limited resources, who believed in following their dreams. Lokmanya is building platforms that can deliver education to people, as well as creating healthy living for the people via an expertise driven medical ecosystem, thus guiding them towards financial prosperity. Over the years, Lokmanya Multipurpose Co-op. Society Ltd. has diversified its presence from financial services to travel planning and assistance with the people and their convenience at the centre of it. With a fine balance between income from different ventures and transparent work culture, Lokmanya offers various services like banking and finance, education, life and general insurance, loans, and more.

The Society has flourished in the co-operative financial sector, providing various services as well, like life insurance, general insurance, health insurance, etc. As a matter of fact, all multi-purpose businesses of Lokmanya Society are associated with leading companies in their respective fields.

Standing amongst the top corporate agents, the Lokmanya Society is the corporate agent of LIC of India and has a tie-up with ICICI Prudential Life Insurance, offering the best services to their customers.

Lokmanya Society as a corporate agent also represents IFFKO TOKIO, ICICI Lombard, and New India Assurance in the general insurance space. In the health insurance sector, they represent CARE health insurance, and will very soon be representing Star Health Insurance.

Countering the growing demands for mutual fund investments, Lokmanya Society has slowly entered this field of the market, as well. Being one of the largest multipurpose co-op societies, they have been approached by many mutual fund companies for joint business. At present, Lokmanya Society is in agreement with Nippon India Mutual Funds, HDFC Mutual Funds, Aditya Birla Sun life Insurance, Prudential ICICI Mutual Funds, and Kotak Mutual Funds.

In collaboration with RBI-approved banks, Lokmanya Society is also offering home loans against properties as well as personal loans, at affordable market rates – making the availability of loans easier with less documentation and quicker disbursement time.
Recently, Lokmanya Society has ventured into logistic services in collaboration with IXG Logistics, an international logistics provider in 197 countries across the globe. They deliver goods accurately in a short span of time at reasonable prices while following all international rules and regulations.

Highest Rate of Interest, additional 0.50% interest to senior citizens, door to door service by staff, and proper orientation of young staff by experienced branch heads lead to encouraging results; and the excellent services provided by Lokmanya society has ensured its place as a well known credit society. After more than two decades, Lokmanya continues to support countless dreams across the rural-urban divide of India. A place where every thought, decision and action is for the people, it is touching, nurturing and enriching the lives of people while strengthening the society.

Under the keen eyes of Chairman Kiran Thakur, various multipurpose activities are sure to be introduced in the near future. Being a great source of inspiration and motivation to his employees, Thakur’s message to his employees is simple, “There are no secrets to success. It is the result of preparation, hard work and learning from failure”

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