When AMUL’s annual turnover crossed ₹72,000 crore in the fiscal year ending 2026, most business desks treated it as a corporate milestone worth a paragraph. What they consistently missed is that AMUL is not a corporation — it is 3.6 million dairy farmers across Gujarat who collectively own every rupee of that figure, and that … Read more
When I walked into a Sahakari Bhandar outlet in Dadar, Mumbai, last year, the prices on staples like tur dal and sunflower oil were noticeably lower than what I had paid the previous afternoon at a nearby Reliance Smart store. That was not a coincidence. It was the result of a model that has been … Read more
When Byju’s valuation collapsed from $22 billion to near-worthlessness and Paytm’s stock shed over 70% of its market cap within a few years of its IPO, the startup world scrambled for explanations. Meanwhile, a dairy cooperative founded in 1946 by farmers in Anand, Gujarat quietly crossed ₹72,000 crore in annual revenue — and not a … Read more
The last time you ordered groceries through a government-backed e-commerce network or checked fertiliser prices on a farming app, there’s a reasonable chance a cooperative was sitting quietly on the other side of that transaction. I’ve been tracking India‘s cooperative sector for years now, and the thing that strikes me most in 2026 isn’t a … Read more
The 97th Constitutional Amendment was passed by Parliament in December 2011 with almost no public debate. Most of the 8.5 lakh cooperative societies operating across India — and their roughly 290 million members — had no idea that Parliament had just rewritten the constitutional rules governing their daily financial lives, or that a decade later, … Read more
