Company Information
Utkarsh Coreinvest Limited Unlisted Share
Board of Directors
Managing Director & CEO |
: Mr. Ashwani Kumar |
Non- Executive Independent Director |
: Mr. G. S Sundararajan |
Independent Director |
: Mr. Atul |
Nominee Director |
: Mr. Aditya Parekh |
Nominee Director |
: Mr. Gaurav Mahotra |
Nominee Director |
: Mr. Harjeet Toor |
Nominee Director |
: Mr. Vishal Mehta |
Background
Utkarsh Coreinvest Limited ("the Company' or 'Holding Company") is domiciled in India. The Company is having its registered office at Varanasi. The Company was formerly known as Utkarsh Micro Finance Limited and got the name changed to Utkarsh Coreinvest Limited w.e.f. 11 October 2018. 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. On 3 May 2018, the RBI has granted its approval to the Holding Company for carrying on the business of a Non-Deposit taking- Systemically Important Core Investment Company (CIC-ND-SI) under the Certificate No C.07.00781.
Registered Office
S-24/1-2, Fourth Floor, Mahavir Nagar, Orderly Bazar, Near Mahavir Mandir, Varanasi - 221 002 (U.P.). Mob: +91 7518903414.
INCORPORATION YEAR |
: 1990 |
WEBSITE |
: www.utkarshcoreinvest.com |
|
|
: secretarial@utkarshcoreinvest.com |
CIN NO |
: U65191UP1990PLC045609 |
ISIN NO. |
: INE396P01012 |
SECTOR |
: Financial Services |
FACE VALUE |
: 10 |
Financial Information for Last 3 Years (Rupees in Crore)
Particulars |
2020 |
2019 |
2018 |
Equity Capital* |
97.40 |
97.20* |
10.74* |
Reserve & Surplus |
985.12 |
754.08 |
-188.13 |
Net worth |
1082.52 |
851.28 |
-177.39 |
Book Value Per share Rs. |
111.25 |
87.58 |
-165.00 |
Total Income |
1417.12 |
976.67 |
553.00 |
Profit |
20.25 |
-88.85 |
-165.21 |
EPS Rs. |
2.08 |
-9.14 |
-153.71* |
No of Shares |
9.73 |
9.72 |
9.71 |
EPS (Actual No of shares) |
9.73 |
-9.14 |
-17.01 |
*Note that As at the transition date to IND AS from Ind GAAP, as per the shareholder agreement, the investor have the right to require the Company/Sponsors to buy back/purchase the entire securities if there is a failure of Company to provide an exit via secondary sale or listing. Since, the secondary sales and holding of the IPO event is outside the control of the Company and in case the investors decide to exit through buy back of the shares by the Company, then the Company shall not have any unconditional right to avoid the payment to the investors. Also, the contingent settlement feature is considered to be genuine as the purpose of the exit clause is to provide suitable exit to the investors at the fair value. Accordingly, the investor securities which have the buy-back option have been classified as a subordinate liability in the books of the Company as at 1 April 2017 and 31 March 2018. As at 28 March 2019, due to substantial modification in the shareholder agreement, the buyback clause has been removed. Hence, the share capital earlier classified as subordinate liability has been reclassified as share capital in the books of the Company. Accordingly, there is no subordinate liability as at 31 March 2019.
Annual Report of Utkarsh CoreInvest Limited Unlisted Shares
Utkarsh CoreInvest Limited Annual Report 2020
