Twelve progressive weavers of a remote Himalayan village, Bhutti joined hands and the Bhutti Weavers Cooperative Society Ltd. came into existence in 1944. Working of the Bhuttico remained dormant up to 1955. In 1956, a master weaver having his private entrepreneurship joined Bhuttico on being motivated by Mr. Gurcharan Singh, the then Inspector of Cooperative Societies. He was elected and elevated as the President of the Society. From that day, functioning of the Society was transformed from a somnolent Cooperative to a revived one. Besides his working industry, Mr. Thakur brought in his professional acumen, business and administrative expertise, which laid a strong foundation towards the systematic growth and development of the Society. These made him de facto member of the Society and is today remembered as "The Soul of Bhuttico".

Bhuttico- A National Name

After the sad demise of Mr. Ved Ram Thakur in 1971, the members & management under the able guidance of Mr. Satya Prakash Thakur (former Minister of the Himachal Pradesh State Government) kept alive Mr. Ved Ram Thakur's dream of making BHUTTICO the biggest name in the hand-woven woollen shawl industry. Under his able leadership Bhuttico not only became a National name but also received appreciation from its customers in terms of increasing sales year after year.