AFEXCO LTD is a registered Co-operative Society established by the retired Officers of all the three Defence Services at Pune on 18th Sept.1972. This venture was started by our founding fathers, viz. Col G S Parab, MC, Lt Col S S Pandit and Maj K L Shinde to give self-sufficiency in employment to our retiring comrades from the armed forces.
The Society aims at providing gainful employment to retired commissioned Officers and Ex-Servicemen of Army, Navy and Air Force. As on today we have 100 Security Contracts and 8 Housekeeping Contracts and 10 Transport Contracts. The honesty, integrity, loyalty, trust and discipline have been the hallmark in all the contract places, where our Security guards are performing duties. Because of this unique quality of our Security organisation, there is an ever increasing demand for our services irrespective of the extra expenditure involved. The financial position of the Society is sound and the society is being awarded 'A' classification by the State Government auditors regularly.
Being a registered Society under the Maharashtra Co-operative Societies Act, 1960, we adhere to all statutory State and Central Govt. laws. The wage structure for the employees of the Society is entirely governed by Maharashtra Security Guard Board (Act 1981), Minimum Wages Act and other government statutes and notifications. Other rules and regulations as notified from time to time by the Government are adhered to.
Our Corporate Office is located at 364, Gokhale Road, Lokmanya Tilak Sabhagriha Building, Deep Bungalow Chowk, Pune 16.
Being a cooperative organization the administration of the Society is carried out by a Managing Committee comprising of ten elected members with Chairman, Vice Chairman, Secretary and Treasurer as the office bearers plus four independent officer members and two lady members. Besides this committee there are other retired officer members who devote full time work to manage the contracts undertaken and to ensure that the services provided to the factories/establishments are of a high standard. We are presently having contracts at Pune, Satara, Ratnagiri, Shirwal, Ahmednagar, Chakan and planning to go to other cities of Maharashtra. We are proud of this unique ex-servicemens' Organisation which has come up a long way during last 43 years with extraordinary success.