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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 Late Mr. Chhotalal Ghelabhai Gandhi a multi facet personality gifted with foresight and philanthropic nature. He was mainly supported by Late Shri. Jayantilal L.Parikh , Shri. Thakorbhai P. Jhaveri & Shri Maneklal R.Gandhi.
Present Board of Directors is chaired by an eminent C.A. Mr. Kailashchand Jain (President) and Mr. Dineshchandra S.Shah (Vice President). The members of the Board consist of Professionals, Expert Bankers, Businessman and Social Workers.