South India between c. 750 and 1206 witnessed considerable growth in internal and overseas trade, supported by a well-organized network of merchants, craft producers, ports and commercial institutions. Trading organizations, commonly known as merchant guilds, played an important role in the economic and social life of the region. These organizations facilitated long-distance trade, protected the interests of merchants, regulated commercial activities and contributed to the development of towns and temples. Among the most important trading organizations were the Ayyavole 500, Manigramam, Nanadesi, and Anjuvannam. The Ayyavole 500, associated with Aihole in Karnataka, became one of the most powerful merchant organizations of South India. It was also known as the organization of the “Five Hundred.” Its merchants operated over a wide geographical area and participated in both inland and overseas trade. They dealt in commodities such as spices, textiles, precious stones, metals and other valuable goods. Their activities extended beyond Karnataka into Tamil Nadu, Andhra, Kerala and other regions. The Manigramam was another important merchant organization, particularly active in South India and along the