amit@unlistedkraft.in
+91-9599071664
+91-9599071664
Utkarsh Micro Finance(Core Invest) Unlisted Shares
DRHP Status : Not Filed
195
About Company
Utkarsh Coreinvest Ltd (erstwhile Utkarsh Micro Finance Ltd) is the promoting entity of Utkarsh Small Finance Bank.
- Started operations in September 2009 to provide financial and non-financial services to the unbanked population.
- Converted into a Small Finance Bank incorporated on April 30, 2016, and licensed by RBI on November 25, 2016.
- Post-bank formation, the holding company was registered as NBFC - Core Investment Company (CIC) from May 03, 2018, complying with RBI guidelines.
- Headquarters: Varanasi, Uttar Pradesh.
- Operates across 11 states: Bihar, Chhattisgarh, Delhi-NCR, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Maharashtra, Uttar Pradesh, Uttarakhand, West Bengal.
- The bank focuses on financial inclusion, serving low-income individuals and micro-entrepreneurs.
Business Model & Offerings
Utkarsh Small Finance Bank, promoted by Core Invest, provides a wide range of banking and financial products:
- Microfinance Loans (JLG, individual, Swachhata, two-wheeler loans): Core business segment.
- MSME Loans and Housing Loans (HL): For small businesses and individuals.
- Wholesale Lending: For institutional clients.
- Deposit Accounts: CASA, Fixed Deposits (FD), Recurring Deposits (RD).
- Investment & Insurance Services: Mutual Funds, Insurance, Remittances.
- Digital & Payment Services: Debit Cards, ATMs, POS, Internet Banking, Mobile Banking, NEFT/RTGS/IMPS.
Operations & Presence
- 139 districts across 11 states as of FY18-19.
- Micro Banking Outlets: 375; General Banking Outlets: 61.
- Active loan clients: 20 lakh; savings accounts: 2 lakh+.
- Employees: 8,800+ as of FY19-20.
- Geographical focus: Bihar and Uttar Pradesh dominate the microfinance portfolio.
- Loan portfolio mix (FY20-21): Microfinance 82%, other segments 18%.
Quick Summary
Utkarsh Coreinvest Ltd is the holding company of Utkarsh Small Finance Bank, providing a solid base for financial inclusion in underserved regions.
- Focused on microfinance, MSME loans, housing finance, and digital banking services.
- Strong presence in 11 states with over 500+ banking and micro banking outlets.
- Demonstrated consistent growth in revenue, loan book, and deposits, though COVID-19 provisions impacted profitability in FY21.
- Currently unlisted, with unlisted shares priced at ₹170 and a market capitalisation of ₹1,600 Cr.
- Provides an opportunity for investors to participate in the microfinance and small finance banking growth story through verified platforms like UnlistedKraft.
Click here to view the official website of Utkarsh Micro Finance(Core Invest)
Fundamentals About Utkarsh Micro Finance(Core Invest)
Key Financials of Utkarsh Micro Finance(Core Invest)
| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Interest Earned | 1961 | 2723 | 3093 | 3845 |
| Other Income | 134 | 215 | 291 | 310 |
| Interest Expended | 799 | 1025 | 1298 | 1714 |
| Operating Expenses | 760 | 956 | 1205 | 1627 |
| Provisions and contingencies | 454 | 226 | 378 | 1370 |
| PAT | 62 | 554 | 330 | -422 |
| EPS | 6.31 | 56.3 | 33.43 | -42.5 |
| Gross NPA | 6.1 | 3.23 | 2.51 | 9.4 |
| Net NPA | 2.31 | 0.39 | 0.03 | 4.84 |
| Financial Ratios | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Advances | 9943 | 13549 | 17650 | 18040 |
| Book Value | 157.1 | 389.57 | 294.9 | 252.6 |
| P / B | 1.59 | 0.64 | 0.91 | 0.81 |
| ROE (%) | 4.01 | 14.45 | 11.34 | -16.82 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 443 | 516 | 525 | 617 |
| Cash and Balances | 1872 | 2516 | 3029 | 3441 |
| Investments | 2328 | 2796 | 3650 | 5022 |
| Advances | 9943 | 13549 | 17650 | 18040 |
| Other Assets | 346 | 2095 | 489 | 724 |
| Total Assets | 14932 | 21472 | 25343 | 27844 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 98.3 | 98.4 | 98.7 | 99.3 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 1446 | 3735 | 2812 | 2409 |
| Borrowings | 2199 | 2726 | 3490 | 1845 |
| Deposits | 10392 | 14054 | 17997 | 22235 |
| Other Liabilities | 796.7 | 858.6 | 945.3 | 255.7 |
| Total Liabilities | 14932 | 21472 | 25343 | 26844 |
Shareholding Pattern of Utkarsh Micro Finance(Core Invest)
| Name | Holding |
|---|---|
| British International Investment PLC | 13.81% |
| RBL Bank Limited | 8.64% |
| NMI Frontier Fund KS, Norway | 7.75% |
| Faering Capital India Evolving FUND II | 7.71% |
| Others | 62.09% |
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Frequently Asked Questions
Equity shares of Utkarsh Coreinvest Ltd, the holding company of Utkarsh Small Finance Bank, not listed on NSE/BSE.
You can purchase verified Utkarsh Coreinvest shares through UnlistedKraft.
It promotes Utkarsh Small Finance Bank and focuses on microfinance, MSME lending, housing loans, and banking operations.
Currently, unlisted shares are trading at ₹170 per share (as of FY22).
The market cap is approximately ₹1,600 Cr based on the unlisted share price.
9.833 crore shares as of FY22.
Strong loan book growth (FY21: ₹8,416 Cr) and deposits, though PAT declined in FY21 due to high COVID provisions.
Yes, a demat account is mandatory for holding unlisted shares.
Yes, unlisted shares can be sold through platforms like UnlistedKraft, subject to buyer availability.
Risks include high NPA levels, regulatory changes, COVID-19 impact, and liquidity risk in the unlisted market.
+91-9599071664
amit@unlistedkraft.in