Company Information
Utkarsh
CoreInvest Limited Unlisted Shares
Board
of Directors
Managing Director and CEO |
: Mr. Ashwani Kumar |
Independent Director |
: Mr. Atul |
Non- Executive Independent Director |
: Mr. G. S. Sundararajan |
Background
Utkarsh
CoreInvest Limited (erstwhile Utkarsh Micro Finance Limited) is the promoting
institution for 'Utkarsh Small Finance Bank Limited'. Utkarsh Micro Finance
Limited started its operations way back in September 2009 to provide financial
and non-financial services in its area of operations to the unbanked population
who had the skills but were in need of capital.
The
company started with credit under Joint Liability Group (JLG) model in FY 2009.
Subsequently, it added Micro Enterprise Loans (MEL), Housing Loans and Micro
Pension Products in its product bouquet.
On
January 23, 2017 the subsidiary started the Banking operations. Subsequently,
on May 3, 2018 UMFL got its license converted from NBFC-MFI-ND-SI to
NBFC-CIC-ND-SI and on October 11, 2018 its name got changed from UMFL to
Utkarsh CoreInvest Limited (UCL).
Company Highlights
1) In the
microfinance space, Utkarsh CoreInvest Limited has a track record of more than 12 years.
2) The bank has over 29 lakh active customer base with ₹8,416 crore of gross Assets under Management, 558 Banking Outlets and 210 ATMs pan India.
3) Company's AUM increased by 22 % from Rs 9419.61 Crore in FY20 to Rs. 11466.25 Crore in FY21.
4) Top Line increased significantly by 26% from Rs.1417.12 crore in FY20 to Rs. 1782.23 crore in FY21.
5) Utkarsh Small Finance Bank – a subsidiary of the company has received
SEBI nod for its IPO.
Registered
Office
S-24/1-2,
Fourth Floor, Mahavir Nagar, Orderly Bazar, Near Mahavir Mandir, Varanasi -
221002, Uttar Pradesh, India
INCORPORATION YEAR |
: 1990 |
WEBSITE |
: www.utkarshcoreinvest.com |
|
|
: secretarial@utkarshcoreinvest.com |
CIN NO |
: U65191UP1990PLC045609 |
ISIN NO. |
: INE396P01012 |
SECTOR |
: Financial Services |
FACE VALUE |
: 10 |
Consolidated Financial Information for Last 2 Years (Rupees In Crore)
Particulars |
2021 |
2020 |
Equity Capital |
97.65 |
97.40 |
Reserve & Surplus |
1107.92 |
985.12 |
Net worth |
1205.57 |
1082.52 |
Book Value Per share Rs. |
123.46 |
111.14 |
Total Income |
1782.23 |
1417.12 |
Profit |
25.52 |
202.52 |
EPS Rs. |
2.63 |
20.89 |
