The Jain Sahakari Bank Ltd (JSBL) was established in 1946 with initial capital of Rs.23,350/- to serve community in general. The moving spirit behind JSBL was Mr.Chhotalal Ghelabhai Gandhi a multi facet personality gifted with foresight and philanthropic nature. He was mainly supported by Shri. Jayantilal L.Parikh , Shri. Dhankumar Thakorbhai, Jhaveri & Shri Maneklal R.Gandhi.
Present Board of Directors is chaired by an eminent lawyer Advocate Suraj M. Shah (M.A.,L.L.M) and C.A. Mr. Rohit Vakharia (Vice President). The members of the Board consist of Professionals, Expert Bankers, Businessman and Social Workers.