The Co-operative sector in England was formed upon interest of a few workers and alike the same, the origin of this society was also caused by a few coolie workers of Karthedom area. Financial constraints that existed prior to the Second World War caused serious economic problems, especially when it came to post death needs of common man. Aid from others became inevitable, to meet the expenses required for cremation/burial of dead. As a solution to this problem the society was formed.

Prime fund of the Society was the One hundred Rupees collected from a hundred workers, each of them contributing one rupee each. In the event of death in any of these member’s family, an aid of Rs.20/- was provided with immediate effect. While releasing such an aid, a special contribution of 4 annas each was collected to keep-up the fund and 1 anna was further decided to be collected every month. In the early days, day to day affairs of the Society was administered by Chakkalakkal Kakko Master alias Kakko. Members were divided into each group of ten, and monthly contribution was collected through each group leader. These functions were led by Kodiyanthara Bhava and Thengasseri Pappu. All necessary expenses were able to be met at that time, with the Rs.20/- given as aid to meet post death expenses. In order to secure the money collected, a box with three locks was built, and the Secretary, President and Treasurer kept each of its key in their separate custody. The box was kept at the presbytery of Karthedom St. George Church.

The name of the Society at that time was 'Karthedom St.Joseph Maranavasya Sahaya Sanghom' and was administered on the written bye-laws prepared under instructions of the then Parish Priest of Karthedom Church, Late, Rev. Fr. George Kattassery. After many years, aspire of office bearers to register this as a Society was approved by the General body. This move was spearheaded by Valiyaveettil Vareeth Master. On the 7th day of December 1938, when this society got registered as a Co-operative Society, working capital of the society was Rs. 1511, 7 annas and 1 paise. In the application given for registration, a total of 87 persons inclusive of 10 members enlisted below and 77 others had put in their signatures.

• Parambaloth Chummar Joseph
• Parambaloth  Thomman antha
• Nedunthally Joseph Mathew
• Kollamaparambil Ouseph Pappu
• Chamminikodath Vacko Chandy
• Arakkal Vareeth Peru
• Pandarapparambil Vincent Paul
• Valiyaveettil Allesh Joseph
• Thengassery Showri Pappu
• Srambickal Ouseph Chori.

Out of the 87 members mentioned above, four of them were women. Subsequent to its registration, the first Director Board was selected by the General Body meeting held on 16th of Makara, 1114 Malayalam era.

• Rev. Fr. George G. Thottakath
• Parambaloth Chummar Joseph
• Thundathil Thomman Yakko
• Valiyaveetil Augusthinju Vareed
• Chakkalakkal Lowis Peru
• Ammaparambil Thomman sammayal
• Nedumthalli Joseph Mathew
• Mudavasseri George Xavier
• Chakkalakkal Poulose Thomman.

Rev. Fr. George. G. Thottakath was selected as its President, Parambaloth Chummar Joseph as its Secretary and Valiyaveettil Augusthinju Vareed as its Treasurer.