Sahyadri Multi-Purpose Co-op. Society
Prin. S. Y. Patil Sir was the Secretary of Dakshin Maharashtra Shikshan Mandal, an educational institution founded by Late Bhai Dajiba Desai and his associates. He was also the Principal of Jyoti Mahavidyalaya, a college started for Marathi speaking people of Belgaum and its surrounding areas. Because it was an institution founded by the Marathi people for Marathi people, the Government of Karnataka refused permission and created many obstacles. Under these circumstances, running the colleges was very difficult. At the same time, many high schools were started by the Mandal in rural areas. The teachers in both the colleges as well as the schools worked for a pittance, at times going without a regular salary. Whenever approached, nationalized banks and other local financial institutions never entertained the teachers or the college management. Without financial support and backing, the schools and colleges faced frequent hardships and would soon have to close down. Hence, this prompted S. Y. Patil Sir to moot the idea of starting Sahyadri Co-operative Society. With an initial share capital of Rs. 4 lakh and 300 primary shareholders, The Society was formed and registered. Most of the shareholders were the teachers, employees, their families and well-wishers of Dakshin Maharashtra Shikshan Mandal.