The predicament of farmers and agriculture in 1966 was terrible throughout regions like Solapur that had been plagued by drought, with low yields, inadequate guidance, and deficient farming infrastructure. Visionary leadership in the form of the late Mr. Bhimrao Dada Mahadik ( Dada ) emerged from Yelur Sangali to enhance their plight and secure a means of subsistence. Dada turned out to be the community's sole hope for the drought-stricken farmers. A jack well from the river Bhima, which proved to be an incredible delight to the farmers and heralded the dawn of an entirely novel era of farming expansion and advancement, was his noteworthy discovery after analyzing the topographical characteristics and weather patterns of the region.

Beginning in 1974, sugarcane production gained tremendous pace, leading to superior yields and the swiftest expansion in the industry. Farmers were also enabled to market their cane for the highest prices attainable in the buyer's market. In response to this circumstance, Dada laid the groundwork for the MSEB substation and obtained the license for the Sarkar Karkhana, alongside periodic legitimate assistance from the late Mr. Vasant Dada Patil, the former chief minister. With Dada's pertinent endeavors and an abundance of hard work, Bhima Sahakari Sakhar Karkhana Ltd. was founded in the same year.

By 1982, the Bhima mill had grown into one of the most esteemed sugar mills in the globe, pursuant to its incredibly quick growth and high-quality production, sales, and marketing operations, as well as Dada's strong management skills.