The Institution has a very humble but a very inspiring beginning. On Feb. 2002 Prashanti Credit Co-operative Ltd. was founded by Mr. Lakanlal Gupta (Advocate) getting inspired by lofty ideals for the betterment of the economic, moral and material well-being of the Community. The institution instigated with the aim to encourage the savings giving higher rate of interest, facilitate commercial requirements by providing loans without delay and day to day needs of our customers like draft, recurring deposits, daily collection etc. For the same we approach the customers at their doorstep on single phone call to save their precious time and resources.

Making a modest beginning with 109 members, share capital of Rs. 3.8 Lakhs , deposits of Rs. 118.67 Lakhs and reserves of Rs. 1000 only, the institution has shown an impressive growth in short span of five years. At present there are 455 members, share capital of Rs. 7.58 Lakhs, deposits of Rs. 287.86 Lakhs and reserves of Rs. 4.32 Lakhs.

As a mark of growing business society the institution is showing upward trend in payment of dividend to its shareholders because it’s the shareholders only to whom the growth of institution like us is linked to. Institution has declared dividend @ 10 % for 2004-05, 12 % for 2005-06, 13 % for 2006-07 & 15 % for 2007-08.

One of the major recent achievement of our institution is establishment of our branch at Prashanti Institute of Technology and Science gram ganged, around eight to ten kilometers away from Ujjain City to reach our village customers and students in that region who are residing little away from  the city to cater their financial needs at a convenient location.

The Branch of PCCL in the Campus of Prashanti Institute of Technology and Science would help the students and staff with banking solutions and also help the students attain education loans easily to make the education easy for the desired student and contribute towards the progress of the country. It would also play a major role in fee deposition and other miscellaneous requirements of the students. Establishment of the only credit cooperative institution in Gangedi region has added to utmost relief for the local people too as there is no other within the radius of six kilometers. Those present on the occasion were thankful to AIM and the Indian Bank.

This is the institution with exemplary financial soundness and unmatched proven records in terms of following parameters which reflects the cooperation and confidence shown by our esteemed members and clients:-