Utkarsh Microfinance Pvt Ltd
Region of operation
Uttar Pradesh, Bihar, Madhya Pradesh, Uttarakhand, Delhi, Himachal Pradesh, Haryana, Maharashtra
S-24/1-2, First Floor, Mahavir Nagar, Orderly Bazar, Near Mahavir Mandir, Varanasi Country: India Zip: 221002
Utkarsh Micro Finance Pvt Ltd supports underprivileged and underserved segments by providing financial and non-financial services through a socially responsible, sustainable and scalable institution.
Key product / Service
Number of beneficiaries
Awards and recognition
Funding and Operating Model
Higher than Series B
Total funding raised
Operating Model: Utkarsh has a five member board with all the directors experienced in their respective area of expertise. The board meets on a quarterly basis and if required it may meet more often. The Utkarsh Board is actively involved in strategy formulation and also approves the company’s business plan. As for Management Information System, Utkarsh has moved to mobile based collections and disbursements. The Internal Audit Process of the company is robust with each branch being audited once a quarter. Challenges: 1) To mobilise capital to meet the growth plans 2) Ability to maintain the same level of asset quality while growing and diversifying the product profile as well as portfolio geographically 3) Ability to recruit and train personnel to me the expansion plans and attrition rates especially at field level 4) Ability to improve geographical diversification of operations further
Partners and key clients
Craft Silicon, Equifax India, IFC Advisory Services, Intellecash, BAJAJ Allianz, BSR & Company (KPMG), New India Assurance Co Ltd.
Social media links
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