Bearys chamber of commerce & industry is a non-profit organization set up to create a network between businessmen across communities and countries. It is a union of all businessmen in order to promote and assist innovative businesses for the welfare of the community in the field of commerce and trade.

According to the census of 1891, Dakshina Kannada had 92,449 Muslim businessmen consisting of 90,345 Bearys, 2,104 Nawayaths and 2,551 non-Muslims. This means that the district had 95,000 individuals involved in business activities. Records prove that, towards the end of the 19th century, the percentage of muslim traders in the district was as high as 97.3%, and hence the local Tuluvas rightly named this community as Bearys.