UTKARSH COREINVEST LIMITED (formerly known as Utkarsh Micro Finance Limited) is the holding company of ‘UTKARSH SMALL FINANCE BANK LIMITED’. Utkarsh CoreInvest Limited commenced its operations in 2009 as a microfinance institution to provide financial and non-financial services to the population who were neglected by traditional banks and financial institutions.
The company was started with credit under the Joint Liability Group (JLG) model in 2009. Later, it started providing Micro Enterprise Loans, Housing Loans, and Micro Pension products. In FY 2016, Utkarsh Micro Finance Bank Limited was granted a license to set up a Small Finance Bank from the Reserve Bank of India. Subsequently, Utkarsh Micro Finance Limited created a subsidiary in the name of ‘Utkarsh Small Finance Bank Limited. Through a slum sale, the company transferred all its assets and liabilities except some statutory assets, vehicles, and statutory liabilities to Utkarsh Small Finance Bank Limited. Then in 2018, the company was converted from Micro Finance Company to Core Invest Company and changed its name to Utkarsh CoreInvest Limited.
Utkarsh Small Finance Bank Limited is a small finance bank and is engaged primarily in providing banking and financial services to its customers with a focus on underserved and unserved sections of the country. The Bank's lending activities are primarily focused on rural and semi-urban locations of the country while its deposit mobilizations and other services are spread across the country.
The Bank is headquartered in Varanasi, Uttar Pradesh, and its operations are currently spread across 15 States & 2 Union Territories through 507 branches in 173 districts of the country.
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Utkarsh Coreinvest Outstanding Shares: |
98,420,960 |
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Face Value of Utkarsh Coreinvest Unlisted Share: |
Rs. 10 Per Equity Shares |
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ISIN of Utkarsh Coreinvest Limited Unlisted Share: |
INE396P01012 |
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Lot Size of Utkarsh Coreinvest Unlisted Share: |
100 Shares |
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Utkarsh Coreinvest Limited Share Price: |
Best in Industry |
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PAN Number of Utkarsh Coreinvest: |
AAECS9298K |
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Utkarsh Coreinvest Limited CIN Number |
U65191UP1990PLC045609 |
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Utkarsh Coreinvest Limited Registration Date |
15-May-90 |
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Category / Sub-Category of Utkarsh Coreinvest |
Company limited by Shares |
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Utkarsh Coreinvest Registered Office Address |
S-2 / 639 -56, Varuna Vihar Colony, J.P. Mehta Road, Cantt, Varanasi - 221002 |
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Utkarsh Coreinvest Registrar & Transfer Agent Address and Contact Details |
NSDL Database Management Limited, S - 2 / 639 - 56, Varuna Vihar Colony, J.P. Mehta Road, Cantt, Varanasi - 221002 |
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Name and Description of main products/services |
Business activity Code |
% to total turnover of the Company |
|
Other Financial Services |
K8 |
100% |
Mr. G. S.Sundararajan (Non - Executive Independent Director, Chairperson)
Mr. Atul (Independent Director)
Mr. Aditya Parekh (Nominee Director)
Mr. GauravMalhotra(Nominee Director)
Mr. Harjeet Toor(Nominee Director)
Mr. Vishal Mehta(Nominee Director)
Mr. Ashwani Kumar (Managing Director & CEO)
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Name of the Company |
% of shares held |
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Utkarsh Small Finance Bank Limited |
84.75% |
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Utkarsh Welfare Foundation |
0.00% |
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S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
CDC Group PLC |
1,37,26,978 |
13.95% |
|
2 |
RBL Bank Limited |
97,02,950 |
9.86% |
|
3 |
NMI (NMI Frontier fund KS) |
77,02,602 |
7.83% |
|
4 |
Faering Capital India Evolving Fund II |
76,60,082 |
7.78% |
|
5 |
Others |
59628348 |
60.59 |
|
|
Total |
98420960 |
100.00% |
