In the memory of the Golden jubilee of Surathkal Kulala Sangha (R) under the sponsorship of Kulal Sangha (R) Surathkal, under the leadership of Founder President late M.R. Narayan, the Swarnkumbha Multipurpose Co-operative Society was established in Tadambail Kulala Bhavana Building. The new branch was inaugurated by Former Minister Shri Nagaraja Shetty in the presence of distinguished guests on 18/02/2007. Basically, Society started with the support of 341 A class members with share capitals of Rs. 3,05,100.00.