Bapu believes that hard work defines destiny. With this belief, he is working endlessly. Experienced with sixteen years as a Contractor, he started financial and industrial organizations such as banks, credit societies, multistate cooperative societies, sugar factories and dairies. Instead of being busy in these mounting activities, he is selflessly active in his social work and political work.
Bapu has started various financial and industrial institutions such as banks, credit societies, multistate cooperative societies and sugar factories to provide financial support to his social work. With these, he helped to establish Savings Group (Bachat Gat) for women empowerment, easy loan availability for farmers and Self Employment Training Centres. The entire profit received through these institutions and schemes is still used only for social work. He altruistically has passed on the responsibility of these businesses in capable hands and devoted his life for social work and political work.
Industries and Businesses
Bapu started various financial and industrial institutions such as banks, credit societies, multistate cooperative societies and sugar factories to provide financial support to his social work. Farmers started getting loans easily. Mahila Bachat Gat (Women's Savings Groups) and Self Employment Training Centres were established. The entire profit gained from these institutions and schemes is used only for social work.
Lokmangal Co-op Bank Ltd
As the concept of bank initiated, Lokmangal Group took a shape. Lokmangal Bank was launched on April 28, 1998, for the empowerment of educated unemployed, small entrepreneurs, agricultural professionals and weaker sections of society. The bank is working with the motto of ‘Success through Steady Speed' ('अखंड गतीतून सार्थकता'). It is the first bank which has gained ISO 9001:2008 Certificate and Grade One Status from the Reserve Bank. It serves 365 days a year. The bank has deposits of Rs. 127 crores and allotted the loans of more than Rs. 79 crores. NPA outstanding debt is about 3% where investments made are of around Rs. 53.23 crores. Along with Solapur district, the bank has its branches in Osmanabad, Latur, Beed, Ahmednagar, Aurangabad, Sangli, Satara, Kolhapur, Ratnagiri, Pune, Raigad, Mumbai, Thane and Nashik districts.
Lokmangal Multistate Co-op Society Ltd
Lokmangal Multistate Co-op Society Ltd was established considering farmers, consumers and entrepreneurs. Though it was established in 2004, the actual work of bank started in 2008. The Society handles Department of Society, Dairy and Fertilizer Department. The Society's dairy has chilling plants at Mangalvedha, Karmala and Sangola. The Society works as the producer of biotic and chemical fertilizers as well as the distributor of IFFCO fertilizers. It owns 1500 acres of agriculture land. It provides facilities such as RTGS, DD, cheque clearing, electricity bill and phone bill etc.
Lokmangal Urban Co-op Credit Society
Lokmangal Urban Co-op Credit Society, the third organization of Lokmangal Group, is strengthening the rural economy. The Credit Society runs the schemes for rural employment, rural development, small industries, self-employment projects, providing financial assistance for economically weaker sections. Friendly behaviour with customers and their trust have collected the deposits of more than Rs. 115 crores and allotted the loans approximately Rs. 87 crores.
Lokmangal Agro Industries Ltd
Sugar factories, ethanol and co-generation are run under this company. In the Limca Book of Record, this company holds a record of completing the construction of the factory, including construction material collection, just in 6 months and 6 days which is the fastest rate of constructing. The company generates the production of exportable sugar and 3 MW electricity from which half of the electricity is used for internal use and remaining is sold. Lokmangal Sugar Industries and Co-generation is another glory of Lokmangal Group growing rapidly.
Agri Clinic and Agri-Business Centre
In this centre, self-employment schemes are run for agriculture postgraduates, graduates and people of all age groups. Training of agricultural development, technology and marketing coordination is provided to the farmers. This program is implemented under the National Agricultural Extension Management Institute, of Central Agriculture Ministry.
Maharashtra Research and Development Centre
This Centre is established to introduce the farmers, who are trapped in the concepts of traditional farming, with advanced technology. With the help of experts, farmers are given the training to use advanced technology. With the help of research and development, this Centre has crossed a milestone. The Centre has begun the projects aiming for- the farmer, educated or uneducated, should understand and adopt modern technology.
Lokmangal Consultancy Services
This Consultancy provides the services such as financial consultation, providing credit, providing solutions to financial problems, the availability of human resources in these fields, marketing and other business works, giving the perfect guideline to innovators, promoting them, developing new entrepreneurs. The company's work scope is all-inclusive. It covers a wide range of industries, businesses, products and services. The Headquarter is in Pune and the scope holds multinational importance.
Lokmangal Biotech Pvt Ltd
It was established in 2006 as an agriculture sector based biological products manufacturer. The ability to plan and implement progressive schemes is the characteristic of this Company. The products of this Company are organic fertilizers, bio fertilizers, water-soluble fertilizers, straight fertilizers, secondary nutrients, seeds etc. These products are distributed in the states like Maharashtra, Karnataka, Rajasthan, Andhra Pradesh, Chhattisgarh, Punjab, Gujarat etc.
Lokmangal Products Ltd
This project has made the White Revolution. Considering milk as a farming business, Lokmangal Dairy was established in 2001. Lokmangal has milk and other products. Over 500 collection centres, complete computerization, guidance to milk producers, increased participation of Bachat Gat are key factors of this project. This is the first milk powder project in Solapur district.