Shree Laxmanananda multipurpose society was established in the year 1997 under the leadership & guidance of J Krishna Palemar former minister, Govt of Karnataka. Society was established with the objective of providing financial support to the needy. Society was started with a capital of 3 lakh and currently has a turnover of more than 400 crores.
Society has newly inaugurated headquarters built at the cost of nearing 10 crores. Society has completed the silver jubilee.
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