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.
Utkarsh Coreinvest Outstanding Shares: |
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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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GST Number of Utkarsh Coreinvest: |
09AAECS9298K1ZF |
Utkarsh Coreinvest Limited CIN Number |
U65191UP1990PLC045609 |
Utkarsh Coreinvest Limited Registration Date |
15-May-90 |
Category / Sub-Category of Utkarsh Coreinvest |
Company limited by Shares |
Utkarsh Coreinvest Registered Office Address |
S-2 / 639 -56, Varuna Vihar Colony, J.P. Mehta Road, Cantt, Varanasi - 221002 |
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 |
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Other Financial Services |
K8 |
100% |
Mr. G. S.Sundararajan (Non - Executive Independent Director, Chairperson)
Mr. Atul (Independent Director)
Mr. Aditya Parekh (Nominee Director)
Mr. Suman Saurabh (Managing Director)
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Name of the Company |
% of shares held |
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Utkarsh Small Finance Bank Limited |
69.06% |
Category | No. of Shares | % of Shares held |
Promoters | - | - |
Public Shareholding | 99,371,965 | 100% |
Total | 99,371,965 | 100% |
Q. What
is the face value of Utkarsh CoreInvest Ltd shares?
Answer: The face value of Utkarsh CoreInvest Ltd shares is ₹10 per
equity share.
Q. What
is the ISIN of Utkarsh CoreInvest Ltd shares?
Answer: The ISIN of Utkarsh CoreInvest Ltd is INE396P01012.
Q. What
is the minimum lot size for buying Utkarsh CoreInvest shares through WWIPL?
Answer: The minimum lot size is 100 shares.
Q. How
can I buy Utkarsh CoreInvest shares through WWIPL?
Answer: Investors can place an order through WWIPL and receive shares in
their Demat account after completion of the transfer process.
Q. What
does Utkarsh CoreInvest Ltd do?
Answer: Utkarsh CoreInvest is a Core Investment Company (CIC) and
the promoter entity of Utkarsh Small Finance Bank. The company primarily
holds strategic investments in financial services businesses and acts as the
holding company for the Utkarsh group.
Q. What
is the relationship between Utkarsh CoreInvest and Utkarsh Small Finance Bank?
Answer: Utkarsh CoreInvest is the promoter and holding company of
Utkarsh Small Finance Bank and derives a substantial portion of its value from
its stake in the bank.
Q. Was
the company previously engaged in microfinance?
Answer: Yes. The company originally operated in the microfinance sector
and was subsequently converted into a Core Investment Company (CIC) in
2018, after which it adopted the name Utkarsh CoreInvest Limited.
Q. Which
sector does Utkarsh CoreInvest operate in?
Answer: The company operates in the financial services and investment
holding sector.
Q. What
are the key growth drivers for Utkarsh CoreInvest?
Answer: Growth in Utkarsh Small Finance Bank, expansion of the banking
franchise, improvement in profitability, growth in deposits and advances, and
value creation from strategic investments are key growth drivers.
Q. What
factors influence valuation of Utkarsh CoreInvest shares?
Answer: The value of its stake in Utkarsh Small Finance Bank, net asset
value (NAV), profitability, dividend income, capital allocation decisions, and
overall financial sector performance significantly influence valuation.
Q. What
are the risks of investing in Utkarsh CoreInvest shares?
Answer: Dependence on the performance of Utkarsh Small Finance Bank,
regulatory changes affecting financial institutions, valuation discount to NAV,
concentration risk, and liquidity constraints in the unlisted market.
Q. Why do
investors track Utkarsh CoreInvest shares?
Answer: Investors view Utkarsh CoreInvest as a holding-company play
on Utkarsh Small Finance Bank, offering indirect exposure to India's
financial inclusion, rural banking, and small finance banking growth
opportunity.
