The Society was registered on 31st July 1964 in the name of “Central Supari S.K.V. Society Ltd.,” at Ponda – Goa with the initial capital of Rs.10,500/- contributed by 116 members. In this first year of operation itself the membership increased to 250 and share capital went upto Rs.31,800/- including contribution of Rs.15,000/- from Govt. of Goa. The area of operation was limited to entire state of Goa.


The Society was started with the principal objective to secure better price for the Arecanut produced by the member. The Society registered a nominal Profit of around Rs.800/- in the first year of its operation. This was small but successful beginning for the Society. This was achieved with the staff component of two persons one Secretary and one Clerk.


During the year 1975 a revolutionary change took place as Govt. decided to merge “Goa Coconut Producers Co-op. Marketing and Processing Society at Margao with Supari Society and hence the name of Society was changed to “Goa Bagayatdar S.K.V.Society Ltd.,” Further in the year due to increase in the paid up capital the name of the Society was changed to Goa Bagayatdar Sahakari Kharedi Vikri Saunstha Maryadit.