The towns of Sangli, Miraj and Kupwad in the Sangli district of the Indian state of Maharashtra were clubbed together to form a small city. With a population of about half a million, Sangli-Miraj-Kupwad is considered to be the largest municipal corporation in South Maharashtra. This mini-metropolitan city is governed by the Sangli-Miraj-Kupwad Municipal Corporation, which is made of democratically elected members, headed by a mayor. The town of Sangli is to be found on the banks of river Krishna. Miraj is a major railway junction, a major healthcare center as well as an export hub of various Indian musical instruments. Kupwad, a small town earlier, is an industrial area harboring many foundries, oil manufacturing units, spinning mills, chocolate factories, cold storage, etc. Notable foundries located in this area are Tulsi foundry and J sons foundry. The famous chocolate manufacturer, Lotte, has its factory in this city. Spinning mills like Toto Toya spin ltd, oil manufacturers like Chakan oil mills are also based out of Kupawad. The city has a mixed group of multi-cultural residents who speak in various languages including Marathi, Urdu, Telugu, Kannada and Hindi.
The Shamrao Vithal Co-op. Bank Ltd. or SVC Cooperative Bank Limited, is a banking company incorporated under the Companies Act, 1956 a scheduled bank, and one of the oldest Urban Co-operative Bank in India built in 1906. The bank was set up when co-operation was just started in the country. It was established with the primary aim of helping the less fortunate members of the community under the ambit of its economic enterprises. It was also to encourage savings and to create funds for providing financial aid to deserving members.Mr. Rao Bahadur Shripad Subbarao Talmaki was the chief architect of the Bank. The Bank was initially registered as a Co-operative Credit Society on 27 December 1906. The Bank is present in 10 States of India. Maharashtra, Karnataka, Tamil Nadu, Telangana, Delhi, Rajasthan, Haryana, Goa, Gujarat and Madhya Pradesh. In 1907, cumulative deposit scheme, fixed deposit scheme and saving bank deposit were introduced by the bank. After that in 1911, the facilities for remittance were made available to the members by the draft. In 1913, the cash credit scheme was introduced by the bank. In 1956, facilities were thrown open to all communities. In 1988, the Shamrao Vithal bank was conferred the scheduled bank status.