Palakkad district ex-servicemen cooperative welfare and credit society Ltd No 1237 was established in the year 2006. This was possible due to the vision initiative and hard work of Mr. N. Ravikumar, Mr. Muralidharan P, and a few others veterans. The managerial experience of Mr. R. K. Menon ( first president ) proved to be very helpful for the smooth functioning of the society. Also, the selfless service of Mr. Vinod B ( secretary ) helped in further strengthening the working of the society.