Started by a small group of employees in 1962,
with an initial membership of 200, today the Godrej & Boyce Employees'
Co-operative Consumers Society has a membership of approximately 4,000 and
the total turnover exceeds Rs. 3 crores. The Society was launched with the
intention of providing a non-profit service to employee members. All
employees of the Godrej Group of Companies are eligible for membership. At
present, the Society runs three full-fledged shops at Stationside, Creekside
and Hillside, Vikhroli, from 10.00 a.m. to 7.45 p.m. on all working days of
the week, except Sundays, which is a weekly holiday for the Society.
Working hours for customers are from 10.00 a.m. to 12.45 p.m. and 2.45 p.m.
to 7.15 p.m. from Monday to Saturday.
The overall running of the Society is guided by a Managing Committee, which
makes decisions on policy matters and is constituted as follows :
?Elected members' representatives.
?Society staff representatives
The terms and conditions of membership are as
?All permanent employees of the Company
(Godrej & Boyce Mfg. Co. Ltd., Godrej Industries Ltd., Godrej Appliances
Ltd.) are eligible to become members of the Society.
?A member has to buy shares worth a minimum
amount of Rs. 200 and up to a maximum of Rs. 500 (each share has a face
value of Rs. 50).
?A member has to pay a deposit of Rs. 250.
The above amounts are deducted from the salary/wages of the employee.
?Various committees, viz. Purchase committee,
Stock committee, Sale of Empties committee, Flourmill committee are
responsible for specific functions.
There are two flourmills under the Society at
Hillside and Creekside in Pirojshanagar, catering to the employees and their
At present the Society has 24 employees, who are directly employed by the
Society. In addition to these employees, the Manager and the Accountant are
employees of the Company.
Among the facilities provided to members are:
Sale of household items of daily use both
on cash payment and credit basis. Credit is granted up to an amount of Rs.
1,000 per member per month, which cannot be carried forward. Such amounts
are deducted from the salary/wage of the member.
A discount of 2 per cent is given on cash
purchase of goods exceeding Rs. 100 in value from the stores of the
Sale of consumer durables like televisions,
refrigerators, two-wheelers, etc., on outright payment basis and through
consumer finance schemes of banks. This is done periodically, once in two
years, mostly during festival periods.
A Godrej Industries counter, where items
manufactured by Godrej Industries Ltd. are sold at discounted prices to
permanent employees of Godrej & Boyce Mfg. Co. Ltd. and its sister
concerns (except Godrej Industries employees) on a cash payment basis.
Sale of books and other stationery items for
students of the Udayachal Schools. Customers benefit by getting all these
items, as recommended by the Schools, under one roof at a discounted price
fixed in consultation with the Society's Managing Committee and the School
management. The Godrej & Boyce Employees' Co-operative Consumers Society
Ltd. arranged a sale of school stationery through M/s. Mahavir Book
Stores, Hariyali Village, Vikhroli at the Consumer Society's main shop
from 28 April to 15 June, 2003. A special offer was given to employees'
families on 200 and 100 pages Jumbo Deluxe notebooks (with Godrej logo),
10 per cent discount on all Camlin products and free covers with
textbooks. The rates were much cheaper than the market rates. The response
Exhibition-cum-sale of electronic goods,
non-stick kitchenware, garments, shoes, luggage items, etc., manufactured
by reputed companies. As per the standard exhibition-cum-sale policy
decided by the Consumer Society's Managing Committee and the Company's
management, the Society charges nominal rental from the vendors for the
space provided in the Society's premises.
A vegetable vendor has been organised by the
Society to provide fresh vegetables and fruits in the colonies of the
Sale of seasonal items such as umbrellas,
raincoats, windcheaters, blankets, are also organised by the Society.
All members are eligible for a dividend at the
rate of 6 per cent on the share amount and interest of 9 per cent on the
deposit amount. The declaration of dividend is done at the Annual General
Meeting of the Society. Additionally, incentive gift coupons are issued to
The Society plans to shift the main shop to Bldg. X 45 at the Stationside
colony in the near future.
A.A. Poyarekar/R.V. Surve
Godrej & Boyce Employees' Co-operative
Consumers Society Ltd.