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Apna Bazar, the synonym for the household consumables needs, is the brand name of the Mumbai Kamgar Madhyawarti Grahak sahakari Sanstha Maryadit, a co-operative organisation started in 1948 by a few people committed to social cause, while responding to a clarion call of the nation for freedom. Amidst the festive mood and the enthusiasm when India's tryst with its destiny was complete, a few people could guess what independent citizens of India were destined to. The national economic policy was yet to take shape. The whole world was facing scarcity of food grains, as a fallout of the Second World War 1942. At this juncture, with a view to safeguarding the interests of working class, people under the leadership of Veteran social leaders like Ashoka Mehta, S.M. Joshi, N.G.Gore, Achyutrao Patwardhan, owing allegiance to socialist ideology, a handful of activists from Naigaum, Dadar, a mill-worker dominated area, in Mumbai, started a fair-price shop on 27th December 1948, under the name of the Naigaum Kamgar Grahak Sahakari Mandal Limited (the Naigaum Employees Consumer Co-operative Society) (NKGSM)
After the food, came clothing. Facing the acute shortage of clothing, the government of independent India declared rationing of clothing and the NKGSM started a cloth shop in February 1949. This organization then expanded its consumer activities beyond local area of Naigaum and the name was changed to Mumbai Kamgar Madhyawarti Grahak Sahakari Mandal to suit the diversification of activity. The State Government, satisfied with the effective services rendered to the customers in a proper manner, granted the status of a central consumers co-operative society. Having fulfilled the needs of food and clothing, the MKGSM then started para medical activities. Keeping into mind, the need and health and education of common man in the society with this view, the first medical retail shop was opened in 1964. Today Sanstha is operating one counter through its network. These medical outlet have earned goodwill to Sanstha, as the customers have a clear faith, that only reputed companies and original medicines only are sold at Apna Bazar. |
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| The Sanstha went on progressing further to open the first 4 storeyed department store- Apna Bazar in 1968 at its birth place, in Mumbai. The four-storeyed premises today is also a premium place for shopping pleasure. Today Apna Bazar Co-op. is the largest retailer in the country, with an Annual Turnover of Rs.108.71 Crores through 22 retail outlets as mentioned below:- |
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| Break-up of its retail network is given below. |
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Department
Stores |
Super Markets |
Medical Store |
Whole Sale Units |
Franchisee
Shops |
| 8 |
14 |
1 |
1 |
8 |
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| Capital Structure |
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| Capital Structure of Apna Bazar as on 31-03-2023 is as follows :- |
| Authorised Capital |
Rs.5,00,00,000.00 |
| Issued & Subscribed Capital |
Rs.2,50,69,130.00 |
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Apart from being the biggest retailer, Apna Bazar has made its humble contribution as under, to the development of National Economy.
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| (Fig. in lacs) |
| S.N. |
Particulars |
2022-2023 |
|
1
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Staff Strength |
376 |
| 2 |
Wages Payment |
929.14 |
| 3 |
Insurance |
4.90 |
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| FINANCIAL STATUS OF APNA BAZAR AS ON 31ST MARCH 2023 |
| (Fig. in lacs) |
| 31-03-2022 |
Liabilities |
31-03-2023 |
31-03-2022 |
Assets |
31-03-2023 |
| 244 |
Paid up share capital |
251 |
225
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Cash & Bank Bal. |
183
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| 4220 |
Reserve & other funds |
4167 |
2051 |
Investments |
1939
|
| 726 |
Staff benevolent fund |
646 |
557 |
Sundry Debtors |
622
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| 102 |
Loans |
150 |
500 |
Stock in trade |
537
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| 822 |
Deposits |
928 |
3852 |
Fixed Assets |
3905
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| 1104 |
Current laib. & Surplus |
1085 |
33 |
Others
(Promotional & e/f.exp.) |
39 |
| 7218 |
TOTAL |
7225 |
7218 |
TOTAL |
7225 |
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From the above table, it may be observed that Apna Bazar has created employment more than 400 local people directly and the equal number of part-time employees through allied services. It has also been paying crores of Rupees in terms of taxes to the state exchequer every year.
Apna Bazar as a partner in co-operative movement, has not only served the Millions of households of Mumbai, but also has made humble beginning to serve the people of rural Maharashtra in various ways. For example, Sanstha has been procuring green vegetables and Rice, Wheat, Dalls, Cereals, pulses etc. direct from the farmers. Sanstha is purchasing Alphonso Mangoes from farmers at Ratnagiri & Sindhudurga Districts of Maharashtra State and helping economic growth of rural sectors.
Apna Bazar has also opened retail outlets at Deorukh, Lanja and Department Stores at Ratnagiri and Khed to render better service to the consumers in rural areas and to promote local entrepreneurship.
Apna Bazar Branch at Umargaon (Gujrat state) are also rendering excellent customers services to Gujarati residents.
Thousands of official and non-official co-operators both Indian as well as foreigners, have been visiting Apna Bazar every year and they are drawing inspiration from its success story.
The achievement of Apna Bazar has been possible because of the dedication and devotion of active participating members and visionary leadership, sincere, ungrudging work of the employees and love and goodwill of millions of inhabitants and consumers of Mumbai and Maharashtra. The management of Apna Bazar is grateful to all the customers for their support to co-operative movement.
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