The Ismailia Co-operative Credit Society Limited, Hyderabad was established by Sir Sultan Mohammed Shah in 1947, with the sole objective to provide financial assistance to the needy members of The Shia Imami Ismaili Muslim on reasonable terms to improve their socio-economic condition. It was started under the leadership of Mr. Kasambhai Jumabhai President & Mr. Iqbal Hussain Merchant as Secretary.

With an initial share capital, the Society enrolled 945 members at Rs. 10/- per share. The initial Loan amount was Rs. 500/- per shareholder. With the guidance provided by His Highness Prince Aga Khan IV Shah Karim Al-hussaini through the Aga Khan Economic Planning Board for India, now the share value is Rs. 25/- per share and Individual Loan Limit to an individual Shareholder is Rs. 30 Lakhs.

The Society progressed by leap and bounds and today it is the largest society in India amongst 61 Active Societies serving the Ismaili community, in terms of resources as on 31.03.2019 is Rs.15471.18 Lakhs.