Our legacy of trust, excellence and service since 1941
The story of Welfare Group is one of challenges, pioneering, and trust. We have a solid history in the gold loan field which can be traced back to 1937, the year in which our founder Mr. P.K. Antony took over the charge of Cherupushpam Bank in Kattoor. Late Mr. Alapatt Palathingal Kunju Varredh who was the managing partner of Cherupushpam Bank in Kattoor died in 1937 and according to the partnership deed, his eldest son Mr. P.K. Antony was to take over the charge of the bank. Mr. P.K. Antony, our founder, was doing his 3rd year in ‘Visha Vaidyam’ at Thevara during that time. He stopped his studies and took charge of the Cherupushpam Bank at the age of 21 yrs in 1937. Cherupushpam Bank was then liquidated in 1941 and our founder Mr.P.K. Antony started a bank by himself and thus ‘Welfare Group’ was born on December 20th 1941 with Kattoor as our first office named Welfare Bank. Later the Welfare Group developed and expanded into almost all parts of Thrissur district with Kattoor as our Head Office.
Mr. P.K Antony
Mr. P.K Antony was born in 1916 as the eldest son of Mr. Alapatt Palathingal Anthappan Kunju Vareed. After the death of his father, he took charge of the family business at the young age of 21 years.
He believed in helping people during financial needs and built Welfare Group with strong ethics, dedication and trust. Though he passed away in 1991, his legacy still guides all our work.
MD & CEO
MD & CEO (Mr. Davis A Palathingal) Mr. Davis A Palathingal is the fourth eldest son of Mr. P.K Antony. After completing his studies from Christ College Irinjalakuda, he stepped in to the family business. With his hard work and dedication, he has made sure that he carries his father’s legacy forward. He has been leading the Welfare Davis group, with the same intensity and the code of ethics that he learned from his father. He is now serving as the State President of the Nidhi Companies Association (NCA) in Kerala. He is an active member and the former state President of the Kerala Gold & Silver Dealers Association (KGSDA), a member of the All Kerala Private Bankers Association (AKPBA), a member of the Triprayar Sports & Games Association (TSGA), a former Secretary of Lions Club of Kattoor and also a former Treasurer of the Alapatt Palathingal Tharavattu Yogam Charitable Society.
Director
Director (Mr. John Davis Palathingal) Mr. John Davis Palathingal is the eldest son of our group Chairman, Mr. Davis A Palathingal. He completed his B.Tech studies from Sahrdaya College of Engineering & Technology, Kodakara in the field of Electronics & Communication in the year 2010. After his college studies he joined an American based E-commerce start up company named Power-lite Software Solutions (ICAPSI CORP.) based in Irving, Texas and worked for them for almost 2 years. Coming from a business family, his entrepreneurship ideas took over and the result came in as Welfare Infotech. He is currently the proprietor of Welfare Infotech and the Managing Director of Welfare Trading FZ LLC, UAE. John is an active member and the past President of the Leo Club of Kattoor (a Lions Club initiative). He is also the Treasurer of the Alapatt Palathingal Tharavattu Yogam, a family association intended for the well being of it’s members and carrying out several charitable activities for the society. .
Director
Director (Mr. Jose Davis Palathingal) Jose Davis Palathingal is the youngest son of our Managing Director, Mr. Davis A Palathingal. He completed his graduation in B.Com (Finance) from Christ College, Irinjalakuda in the year 2013. He attained his Post Graduation in Master in Business Administration (M.B.A) from Jansons School of Business, Coimbatore in the year 2015. By thinking ahead and planning big, his thoughts took over him to join the family business.
Welfare Group Formation
Welfare Firm Head Office Triprayar
Welfare Jewellers, Triprayar
Welfare Firm, Chalakudy South
Welfare Infotech, Triprayar
Chalakudy North Branch
Welfare Trading FZ-LLC, UAE