Vaikunthbhai Mehta friend, philosopher, guide and a doyen of co-operative Movement was born on 26th October 1891 at Bhavnagar in Gujarat. Vaikunthbhai served the Maharashtra State Co-operative Bank as Chief Executive for an uninterrupted period of about 35 years. He was Minister of Finance and Co-operation of the then Bombay State and was first Chairman of Khadi and Village Industries Commission.
The Contribution of Vaikunthbhai Mehta to the cause of Cooperative Education and Training was pioneering and foundational. He said, "Co-operative training is not merely a pre-requisite but a permanent condition of co-operative activities". The true architect of Co-operative Movement, profound thinker and prolific writer passed away on 27th October, 1964.
As a tribute to and memory of the great co-operative leader and philosopher, the National Institute has been named after him, as Vaikunth Mehta National Institute of Co-operative Management.