The well-known figure in cooperative credit circles, Sukesh Zamwar, has been elected as the Chairman of Buldana Urban, India’s largest multi-state credit cooperative society, in an election held on Monday in Buldana.
Additionally, Kantilal Mishrilal Chhajed has been re-elected as the Vice Chairman of Buldana Urban. Zamwar succeeds Radheshyam Chandak in this prominent role.
Although the results have not been officially declared, they have been sent for approval to the Cooperative Election Authority.
Earlier, the elections for the board of directors of Buldana Urban, India’s largest multi-state credit cooperative society, concluded without any contest, as all 14 candidates were elected unopposed. Zamwar, who had served as the CEO of the credit co-op, was also on the elected BoDs list, fueling speculation that he may replace the outgoing Chairman, Radheshyam Chandak, who is his father-in-law.
Dr. Sukesh Zamwar was born on 10th October 1975 in Yavatmal, Maharashtra. His qualifications include an MS (Germany) and an MBA (Banking & Finance).
A visionary in Maharashtra’s co-operative movement, Dr. Zamwar is an orthopedic surgeon turned social leader. After earning his MBBS from Government Medical College, Nagpur, and an MS in Orthopaedics from Pravaranagri, Loni, he specialized in Joint Replacement in Germany, where his passion for social development emerged.
With an MBA in Banking & Finance, he joined Buldana Urban Co-operative Society. Under his leadership, Buldana Urban achieved remarkable milestones, including winning the prestigious CUMI Award—the highest recognition in the Asia-Pacific co-operative sector—and the NCUI National Award. Dr. Zamwar also spearheaded India’s first Urban Cluster Development Project, leaving a lasting impact on the co-operative sector.
The newly elected board consists of: 11 General Category Directors: Sukesh Zamwar, Kishor Mahajan, Vinod Kediya, Kantilal Chajed, Gopal Chiraniya, Dinesh Gandhi, Kishor Kela, Nandkishor Baheti, Nandkishor Zanwar, Ambesh Biyani, and Vinod Bhandari. 2 Women Representatives: Vijaya Dande and Alka Sengar and 1 Scheduled Caste (SC) Representative: Manjubai Gadge.
Buldana Urban reported impressive financial achievements in the 2023-24 fiscal year, with a business mix of Rs 22,500 crore, comprising Rs 13,100 crore in deposits and Rs 9,400 crore in loans, alongside a net profit of Rs 51.25 crore. The society aims to increase its deposits to Rs 14,500 crore by March 31, 2025.
Established on August 15, 1986, with just 72 members and a share capital of Rs 12,000, Buldana Urban has grown exponentially over the past 38 years. Today, it operates 476 branches, 431 warehouses, and has a robust membership of 16.28 lakh individuals across India.
