Company Information
Utkarsh Coreinvest Limited Unlisted Shares
Board of Directors
Chairperson |
: Mr. G.S. Sundararajan |
Managing Director and CEO |
: Mr. Suman Saurabh |
Independent Director |
: Mr. Atul |
Chief Financial Officer |
: Mr. Harshit Agrawal |
Company Secretary |
: Mr. Neeraj Kumar Tiwari |
Background
The company was primarily engaged in the business of micro finance, following group lending methodology and providing small value unsecured bank loans to lower income group of below poverty line ('BPL') in urban and rural areas. During the financial year 2016-17, the Company executed a business transfer agreement with its subsidiary Company 'Utkarsh Small Finance Bank Limited' ('USFB') and transferred all its assets and liabilities (except certain statutory assets, vehicle and statutory liabilities). Accordingly, the business of micro finance was also transferred to USFB.
Registered Office
S-24/1-2, Fourth Floor, Mahavir Nagar, Orderly Bazar, Near, Mahavir Mandir, Varanasi - 221002, Uttar Pradesh, India
Company Highlights
1. Company reported a Profit After Tax (PAT) of Rs. 329.84 Crore for the year ended March 31, 2024.
2. Company's Asset under Management (AUM) increased by 28.99% in FY 2024 from FY 2023.
3. Company's subsidiary i.e. Utkarsh Small Finance Bank Limited ('USFBL') has been listed at the Stock Exchanges (NSE and BSE) on July 21, 2023.
4. Company holds 69.06% equity stake in Utkarsh Small Finance Bank Limited ('USFBL') as at March 31, 2024.
5. The Board of Directors of the subsidiary i.e. USFBL have approved the reverse merger of the Company with Utkarsh Small Finance Bank Limited (USFBL), which is subject to regulatory and statutory approvals, by each of UCL and USFBL.
INCORPORATION YEAR |
: 1990 |
WEBSITE |
: www.utkarshcoreinvest.com |
|
|
: secretarial@utkarshcoreinvest.com |
CIN NO |
: U65191UP1990PLC045609 |
ISIN NO. |
: INE396P01012 |
SECTOR |
: NBFC |
FACE VALUE |
: 10 |
PROMOTER HOLDING |
: 0% |
Consolidated Financial Information for Last 3 Years (Rupees In Crore)
Particulars |
2024 |
2023 |
2022 |
Equity Capital |
98.74 |
98.42 |
98.33 |
Reserve & Surplus |
1924.16 |
1658.59 |
1217.96 |
Net worth |
2022.91 |
1757.01 |
1316.29 |
Book Value Per share Rs. |
204.86 |
178.52 |
133.86 |
Total Income |
3383.55 |
2938.19 |
2094.80 |
Profit |
329.84 |
553.80 |
62.21 |
EPS Rs. |
33.56 |
56.45 |
6.33 |
