Milestone

2009-10
  • First Loan Disbursed on September 21, 2009 under JLG Model
  • Client base of over 8,000
  • Gross Loan Portfolio of ₹6.3 crore
2010-11
  • Samutkarsh Welfare Services (SWS) partners for CSR initiatives.
  • Expanded outreach in Bihar
  • Client base of over 55,000
  • Gross Loan Portfolio of ₹31.8 crore
2011-12
  • Launched Micro Enterprises Loan (MEL) Loan Product
  • Expanded outreach in Madhya Pradesh and Uttarakhand
  • Client base of over 1 lakh
  • Gross Loan Portfolio of ₹75.3 crore
2012-13
  • Started National Pension System (NPS) Services
  • Expanded in New Districts of Bihar, Madhya Pradesh, Uttarakhand and Uttar Pradesh
  • Client base of around 2 lakh
  • Gross Loan Portfolio of ₹178.3 crore
  • Received Microfinance India Organisation of the Year (Small and Medium Category) Award
2013-14
  • RBI upgraded licence to NBFC - MFI from NBFC – LC
  • Expanded outreach in Maharashtra
  • Client base of over 3 lakh
  • Gross Loan Portfolio of ₹355.6 crore
  • Received Mix STAR (Socially Transparent And Responsible) Award
2014–15
  • Expanded outreach in existing States
  • Client base of over 6 lakh
  • Gross Loan Portfolio of ₹728.1 crore
  • Received Smart Campaign Client Protection Certification
2015-16
  • Received In-principle Licence for Small Finance Bank operations
  • Launched Affordable Housing Loan (AHL) Product.
  • Expanded outreach in Chhattisgarh and Jharkhand
  • Client base of over 8.5 lakh
  • Gross Loan Portfolio of ₹1,432.5 crore
  • Received CIMSME's MSME Banking Excellence Award
2016-17
  • Received Final Licence for Small Finance Bank operations.
  • Launched the New Logo of Utkarsh Group Entities.
    'Utkarsh Welfare Foundation' [erstwhile SWS (renamed as UWF)] becomes the Group Entity.
  • Commencement of Banking Operations (since January 23, 2017) under the banking subsidiary Utkarsh Small Finance Bank Ltd. (USFBL)
  • Client base of over 11.7 lakh of USFBL
  • Gross Loan Portfolio of ₹1,613.6 crore of USFBL
  • Received Skoch (Gold)- 2016 Award for Inclusive Insurance
2017-18
  • Received 'Scheduled Commercial Bank' status by banking subsidiary (USFBL)
  • Started Wholesale Lending Business by USFBL
  • Expanded outreach in West Bengal by USFBL
  • Client base of over 15 lakh of USFBL
  • Gross Loan Portfolio of ₹3,210.1 crore of USFBL
2018-19
  • Change of Licence for UMFL from ‘NBFC-MFI-ND-SI’ to ‘NBFC-CIC-ND-SI’
  • Trademark registration of Utkarsh Logo
  • Launch of Cashless Disbursements for Micro Finance Loans by USFBL.
  • Received MFIN Awards, 2018 in “Effective Grievance Redressal Systems” category for USFBL.
  • Received Excellence Award in Mine India (Microfinance and NBFCs Exhibition cum conference for USFBL.