Sena Kalyan Sangstha (SKS) started its journey as Post War Services Reconstruction Fund. It is raised out of funds built up during World War-II by the Government contributing taka two for each Combatant Soldier per month. The money was to be spent on their rehabilitation in civil life when they would be demobilized after the War. After the Indo-Pak partition it was renamed as Fauji Foundation. The
then East Pakistan’s share amounted to Tk. 52.22 lac. Out of this amount the Government spent Tk. 3.50 lacs on a building in Motijheel Commercial Area in Dhaka and sum of Tk. 1.50 lacs was given to Headquarters 14 Division for spending on the rehabilitation of Ex-servicemen. Instead of keeping the remaining fund in banks and in Government Securities it was decided to invest the money in industry, which promised higher returns. Fauji Foundation, East Pakistan made a modest start in the industrial field in mid sixties. In 1967-68 its industrial investment stood at Tk. 24.00 lacs and in 1969-70 it grew to Tk. 2.40 crores. In 1971 Fauji Foundation investment was limited to Fauji Chatkal at Ghorashal, Dhaka, Fauji Flour Mill at Chittagong, a three storied building on 1.3 bigas of land in Motijheel Commercial Area where the present Sena Kalyan Bhaban has been constructed and shares in Bangladesh Lamps Limited, Bangladesh Electric Industries (Philips) and British American Tobacco (Bangladesh) Company Limited. After the independence of Bangladesh Fauji Foundation emerged as Sena Kalyan Sangstha (SKS). It was officially renamed as Sena Kalyan Sangstha on 01 July 1972. It is a trust devoted to the Welfare of released, retired and discharged personnel of Armed Forces and their dependents who are the citizen of the People’s Republic of Bangladesh
