Utkarsh CoreInvest Limited, formerly known as Utkarsh Micro Finance Limited, is a financial services provider focused on delivering both financial and non-financial services to underserved populations. Established in September 2009, the company initially provided credit through the Joint Liability Group (JLG) model. Over time, it expanded its offerings to include Micro Enterprise Loans (MEL), Housing Loans, and Micro Pension Products.

In FY 2016, Utkarsh Micro Finance received a license from the Reserve Bank of India to set up a Small Finance Bank, leading to the formation of its subsidiary, Utkarsh Small Finance Bank Limited, which commenced operations on January 23, 2017. By May 3, 2018, the company transitioned from an NBFC-MFI to an NBFC-CIC, and subsequently rebranded to Utkarsh CoreInvest Limited.

Utkarsh CoreInvest operates in the microfinance sector, targeting unbanked and underserved communities who possess skills but lack capital. The company serves a diverse client base, including individuals seeking microloans, small enterprises, and households in need of housing finance. Its business model revolves around providing accessible financial products and services to these segments, thereby fostering economic growth and financial inclusion.

Revenue is generated primarily through interest income from loans and other financial products. The company has a significant presence with over 441 banking outlets and 349 microfinance outlets, serving a customer base of over 15.2 lakh for advances and 0.34 lakh for deposits.

Keywords: Microfinance, Enterprise Loans, Housing Finance, Financial Inclusion, Small Finance Bank, Joint Liability Group, Underserved Communities, RBI Licensed, Economic Growth, Financial Services.