The Punjab State Co-op Supply & Marketing Federation Ltd. known as “Markfed” was registered in 1954. At the time of registration, it began with one bicycle, three employees, thirteen members and a capital of Rs. 54,000/-, it has now achieved meteoritic volumes and has grown to become the largest marketing co-operative in Asia with an annual business turnover of over Rs. 40.30 Crores with nearly 1824 employees . Markfed operates through 17 District offices over 100 Branch offices in Mandi Towns and nearly 10 processing and trading units.