The Varachha Cooperative Bank Ltd. was inaugurated on 16th October 1995 by Saint Shri Swami Sacchidanandji. Its board members are from diamond trade, real estate, textile, and other service sectors.

By the end of fiscal year 1996, the bank had 4484 shareholders with the capital of 57.44 INR. It had deposits of 2.70 crore, advances of 2.07 crore and the profit was at 4.77 lacs. In 2019, these financial figures rose to 48855, Rs.28.23 crores, Rs.1767.66 crores and Rs.852.86 crores and Rs.14.98 crores respectively.