| 2009-10 |
Utkarsh Micro Finance Private Limited (UMFPL)
(Currently Utkarsh CoreInvest Limited (UCL))
- First Loan Disbursed on September 21, 2009 under JLG Model
- Client base of over 8,000
|
| 2010-11 |
Utkarsh Micro Finance Private Limited (UMFPL)
(Currently Utkarsh CoreInvest Limited (UCL))
- Partnered with Samutkarsh Welfare Services (SWS) for Welfare Activities (later CSR initiatives)
- Expanded outreach in Bihar
- Client base of over 55,000
|
| 2011-12 |
Utkarsh Micro Finance Private Limited (UMFPL)
(Currently Utkarsh CoreInvest Limited (UCL))
- Launched Micro Enterprises Loan (MEL) Product
- Expanded outreach in Madhya Pradesh and Uttarakhand
- Client base of over 1 lakh
- Received Microfinance India Organisation of the Year (Small and Medium Category) Award 2012
|
| 2012-13 |
Utkarsh Micro Finance Private Limited (UMFPL)
(Currently Utkarsh CoreInvest Limited (UCL))
- Started National Pension System (NPS) Services
- Expanded in New Districts of Bihar, Madhya Pradesh, Uttarakhand and Uttar Pradesh
- Client base of around 2 lakh
- Received Mix STAR (Socially Transparent And Responsible) Award 2013
|
| 2013-14 |
Utkarsh Micro Finance Private Limited (UMFPL)
(Currently Utkarsh CoreInvest Limited (UCL))
- RBI upgraded licence to NBFC - MFI from NBFC – AFC
- Expanded outreach in Maharashtra
- Client base of over 3 lakh
|
| 2014–15 |
Utkarsh Micro Finance Private Limited (UMFPL)
(Currently Utkarsh CoreInvest Limited (UCL))
- Expanded outreach in existing States
- Client base of over 6 lakh
- Received MF Transparency Seal of Pricing Transparency Award
- Received CIMSME's MSME Banking Excellence Award 2015
|
| 2015-16 |
Utkarsh Micro Finance Private Limited (UMFPL)
(Currently Utkarsh CoreInvest Limited (UCL))
- Received in-principle Licence for setting-up a Small Finance Bank
- Launched Affordable Housing Loan (AHL) Product.
- Expanded outreach in Chhattisgarh and Jharkhand
- Client base of over 8.5 lakh
- Received Smart Campaign Client Protection Certification
|
| 2016-17 |
Utkarsh Micro Finance Limited (UMFL)
(Currently Utkarsh CoreInvest Limited (UCL))
- Received Final Licence for setting-up a Small Finance Bank
- Name of the company changed to ‘Utkarsh Micro Finance Limited (UMFL)’ from ‘Utkarsh Micro Finance Private Limited (UMFPL)’
- Set-up a Banking Subsidiary in the name of ‘Utkarsh Small Finance Bank Limited’ (USFBL)
- CSR Partner name changed to ‘Utkarsh Welfare Foundation (UWF) from ‘Samutkarsh Welfare Services (SWS)’
- 'Utkarsh Welfare Foundation' became a Subsidiary Company
- Launched the New Logo of Utkarsh
Utkarsh Small Finance Bank Limited (USFBL) (Banking Subsidiary)
- Commenced Banking Operations on January 23, 2017
- Customer base (for Advances) of over 11.7 lakh
- Customer base (for Deposits) of over 0.02 lakh
- Total No. of Banking Outlets – 6 (plus 349 Micro Finance Outlets)
- Received Skoch (Gold) – 2016 Award for Inclusive Insurance
|
| 2017-18 |
Utkarsh Small Finance Bank Limited (USFBL) (Banking Subsidiary)
- Received 'Scheduled Commercial Bank' status
- Started Wholesale Lending Business
- Expanded outreach in West Bengal
- Customer base (for Advances) of over 15.2 lakh
- Customer base (for Deposits) of over 0.34 lakh
- Total No. of Banking Outlets –164 (plus 241 Micro Finance Outlets)
|
| 2018-19 |
Utkarsh CoreInvest Limited (UCL)
(Formerly Utkarsh Micro Finance Limited (UMFL))
- Name of the company changed to ‘Utkarsh CoreInvest Limited (UCL)’ from ‘Utkarsh Micro Finance Limited (UMFL)’
- Change of Licence to ‘NBFC-CIC-ND-SI’ from ‘NBFC-MFI-ND-SI’
Utkarsh Small Finance Bank Limited (USFBL) (Banking Subsidiary)
- Launch of Cashless Disbursements for Micro Finance Loans
- Trademark registration of Utkarsh Logo
- Customer base (for Advances) of over 20 lakh
- Customer base (for Deposits) of over 2 lakh
- Total No. of Banking Outlets – 441
- Received MFIN Awards, 2018 in “Effective Grievance Redressal Systems” category
- Received Excellence Award in MINE India - Microfinance and NBFCs Exhibition-cum-conference
|
| 2019-20 |
Utkarsh CoreInvest Limited (UCL)
(Formerly Utkarsh Micro Finance Limited (UMFL))
- Celebrated a decade of being a trusted Financial Services Provider.
Utkarsh Small Finance Bank Limited (USFBL) (Banking Subsidiary)
- Expanded outreach in Assam, Chandigarh, Gujarat, Odisha, Rajasthan and Telangana
- ICRA Limited upgraded the short term rating to ICRA A1+ from ICRA A1 for Certificate of Deposits
- Launched Micro Banking - Business Loan product
- Launched Vehicle Loan Product for Micro Banking customers
- Customer base (for Advances) of over 25.7 lakh
- Customer base (for Deposits) of over 5.25 lakh
- Total No. of Banking Outlets - 507
- Received “Social Impact Initiatives Award”, 2019 at the 5th Eastern India Microfinance Summit 2019
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