With Co-Operation of Businessmen and Traders who were in Chemicals, Cotton Clothes and Dyes , The Ahmedabad Colour Merchants Association has decided to open a Co-operative Bank in their annual meeting of 27.07.1970. To execute their vision they were appointed to Mr. P.G. Shah as a Chairman and to collaborate him, Shree Kantilal Ratanchand Shah , Mukundbhai Laxmishankar Trivedi, Jayantilal Laxmiprasad Trivedi, Chimanlan M. Patel, Arjundev Khanna and Jayantilal Chotalal Gandhi were selected.