Welcome to Siemens Employees’ Multistate  Co-Operative Credit Society Ltd.

The Siemens Employees’ Multistate Co-operative Credit Society Limited was formed in 1961 at the behest of the unions and willing support from the company management with the main purpose of establishing a financial trust that will cater to two financial requirements of employees : to save money and to loan money in case of emergency. In those days of closed economy, it was difficult for individuals, especially staff and workers to get quick and easy loans.