About Society

Indian Coffee Workers Co operative Society registered 1958.Society started its function 1958 onwards. Head Office of our Society now working at Kannur from 1972 onwards,. At the beginning Head Office was at Thalassery up to 1972.
Share Capital : Individuals are only members of our Society. Authorized Share Capital is Rs.1,00,00,000/- Share Value is Rs.100/-. Paid up Share Capital as on 31-03-2023 is Rs.52,74,900/- Total number of Members as on 31.03.2023 is 671. Out of which 10 members are sympathizers and others are employees.

No Government representation.

Managing Committee consists of 13 Members, from among 1 Member from Sympathizers, other employees. Last election held on 06-01-2024 for a period of 5 years. Total Number of employees as on 31.03.2023 is 670. At the time of joining all employees purchase 10 Shares.80. Total assets shown in Balance Sheet as on 31-03-2023 is Rs.272816855.63/- Minimum qualification for the post of Worker is 7 th standard pass and good personality. If an employee possess or acquire SSLC , Society recommended to J.D.C training, such employees promoted to Clerical Category.

Society grant 15 Public Holiday to our employees.

Two/Three pairs of uniforms cloth supplied to employees in a year. Employees contribution to P.F is 12% and employer contribution to Coopertive Pension found is 12% . Dividend paid to Members in accordance with their share capital.25% of Dividend is Statutory. Casual Leave per year is 20 Days. Special Duty Allowance: If an employee worked in a holiday, allowance paid to his average salary of per day. If an employee worked any overtime; allowance paid to him.
Most of the employees are subscriber of L.I.C Scheme in their on desire. Society subscribe any Insurance Scheme and accident benefit scheme except Employees Benefit Fund. Most of the employees are members of Co operative Employees Co operative Credit Society, they provide personal loan to their members on the basis of pay recovery Certificate issued by the Employer Society. Besides Society issued Pay Recovery Certificate to the other Co op: Banks, Nationalised Banks etc. and Society deduct monthly loan amount from their salary and remitted to the same to such Institutions. At present 30 branches working in various districts in northern side of Kerala State,. Area of Operation consists of 6 Districts, Society paid Income Tax to Government according to profits. Final accounts is prepared by Chartered Accounts after getting Audit Certificates from State Government authorized official called as an Auditor. Expense of such Auditor is meet by the Society. At present society have any liability to Government or other Institutions.