Utkarsh CoreInvest has a network of 830 outlets across India and serves over 3.5 million customers. Revenue has steadily increased, reaching INR 2744.77 crore in 2023. The company offers diverse financial services and grants stock options to employees. As of April 17, 2024, the unlisted share price is Rs ₹ 288 per share. While opportunities for expansion and innovation exist, challenges include competition and regulatory compliance.

1. U T K A R S H C O R E I N V E S T U N L I S T E D S H A R E S
UTKARSH COREINVEST
UNLISTED SHARES
Current Market Price of Utkarsh CoreInvest unlisted shares: Rs.288/share

2. • India is home to 12 public sector banks, 22 private sector banks, 44 foreign banks, 43
regional rural banks, 1,484 urban cooperative banks, and 96,000 rural cooperative
banks.
• Bank credit stood at 129.26 lakh crore as of November 4, 2022.
• In 2022, the total assets of public and private banks in India stood at US$ 1,594.51
billion and US$ 925.05 billion, respectively. Over the years, the focus of the Centre has
been on improving banks' asset quality by undertaking several reforms.
• With the substantial outlay on infrastructure and capital expenditure by the
Government in its Union Budget 2023-24, economic activities are expected to rise
with increased employment generation and credit penetration across the country.
S E C T O R A T A G L A N C E :

3. A B O U T U T K A R S H C O R E I N V E S T U N L I S T E D S H A R E S
• Utkarsh CoreInvest (‘UCL’) is a registered Core Investment Company (CIC) under the Reserve
Bank of India’s (RBI’s) Master Direction – Core Investment Companies (Reserve Bank)
Direction, 2016
• It is also the banking subsidiary's promoter and holding company, viz. Utkarsh Small Finance
Bank Limited (USFBL).
• UCL started its operations as Utkarsh Micro Finance Limited in September 2009 & it’s name
was changed to Utkarsh CoreInvest on October 11, 2018.
• USFBL has
• 830 banking outlets spread across 22 states & 4 union territories (63% in semi-urban &
rural regions)
• Customer base - 3.5 million+
• Workforce - 15k+
• Gross loan portfolio- Rs 13957.11 Cr (FY 2022-23)

4. P R O D U C T S A N D S E R V I C E S
• National Pension System (NPS) Services
• Joint Liability Group loans
• Micro Enterprise Loans (MEL)
• Housing Loans
• Micro Pension Products

5. K E Y F I N A N C I A L F I G U R E S :
• Non-current assets surged by 2693.56% to Rs 19,048.73 Cr in FY23.
• Net worth rose by 34.43% with Non-Controlling interest.
• Non-current liabilities doubled to Rs 34.76 Cr in FY23.
• Revenue from operations reached Rs 2,744.77 Cr, up 38.79%.
• Interest Income accounted for 99.2% of RFO.
• EBITDA grew 90% to Rs 1,830.34 Cr.
• PAT increased by 790.17% to Rs 553.80 Cr.

6. S W O C A N A L Y S I S
Strengths
• Deep understanding of the microfinance segment and strong presence in rural and
semi-urban areas
• Expanding deposit base with a focus on retail deposits
• Diversified distribution network with significant cross-selling opportunities
• Healthy growth with healthy financial and cost-efficient operational performance
Weaknesses
• Interest rate volatility can affect profitability.

7. S W O C A N A L Y S I S
Opportunities
• Utkarsh CoreInvest unlisted shares can expand internationally
• Utkarsh CoreInvest unlisted shares can leverage technological advancement.
Challenges
• Faces competition from other key players.
• Challenging to adhere to dynamic rules and regulations.

8. D I S C L A I M E R
This information is for private use only and does not constitute investment advice. Recipients
must assess risks and seek advice from financial, legal, and tax professionals. Private market
investments carry risks, and there are no guarantees of returns or capital protection. We are not
liable for investment decisions.

9. U R B A N T O T S U N L I S T E D S H A R E S
Invest Now!
Current Market Price of Utkarsh CoreInvest unlisted shares: Rs.288/share