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Panch Shila Co-operative House Building Society Ltd. was the brain- child of Mr. R.P.Barman. He along with his five close friends mooted the idea of developing a modern residential neighborhood within the parameters of the Cooperative Act. The Society was formed in the year 1968 and was named Panch Shila Park. Unfortunately, except for Mr. Barman and Chowdhary Raghuvendra Singh , the other three did not survive to see the dream materializing.

Panch Shila Club - the hub of main activities of the residents, Panch Shila Montessori School and Primary School were also a part of that great dream of five originators. These units came into existence shortly there after. To make Panch Shila Park a self sufficient in its primary daily needs, Mr. Barman ensured the development of a small shopping centre, a fruit & vegetable store, a general cooperative store and two milk supply booths in the colony.

 
 
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