About Utkarsh Bank
Utkarsh Bank is a company based in Varanasi (India) founded in 2009. Utkarsh Bank has raised $33 million across 1 funding round from investors including responsAbility, Growth Catalyst Partners and Olympus Capital Asia. The company has 19,780 employees as of March 31, 2024. Utkarsh Bank operates in a competitive market with competitors including Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Suryoday and Fincare Small Finance Bank, among others.
- Headquarter Varanasi, India
- Employees 19780 as on 31 Mar, 2024
- Stage Public
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Utkarsh Small Finance Bank Limited
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Annual Revenue
$511.16 M (USD)0as on Mar 31, 2025
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Net Profit
$2.77 M (USD)0as on Mar 31, 2025
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EBITDA
-$13.3 K (USD)0as on Mar 31, 2017
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Total Equity Funding
$33 M (USD)
in 1 rounds
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Latest Funding Round
$33 M (USD), Series A
Mar 22, 2021
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Investors
responsAbility
& 4 more
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Employee Count
19780
as on Mar 31, 2024
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IPO & Listings of Utkarsh Bank
Utkarsh Bank is a publicly listed company on the NSE with ticker symbol UTKARSHBNK in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Utkarsh Bank
Utkarsh Bank has successfully raised a total of $33M through 1 strategic funding round. The most recent funding activity was a Series A round of $33 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Utkarsh Bank
Utkarsh Bank has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include responsAbility, Growth Catalyst Partners and Olympus Capital Asia.
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Diversified investment portfolios are managed for various clients.
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Middle-market businesses are invested in by this private equity fund.
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Investor details for Utkarsh Bank
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Investments & Acquisitions by Utkarsh Bank
Investment portfolio details for Utkarsh Bank
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Financial Statements - Utkarsh Bank
Detailed financials for Utkarsh Bank
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Utkarsh Bank Comparisons
Peer comparison for Utkarsh Bank
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Competitors of Utkarsh Bank
Utkarsh Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Suryoday and Fincare Small Finance Bank, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Small finance services are extended to underserved segments in India.
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Microfinance bank
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Collateralised loans for commercial vehicles are extended to rural entrepreneurs.
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Small finance bank offering savings accounts, deposits, and loan products
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Micro-finance bank
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Small finance bank
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Detailed competitors of Utkarsh Bank
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Latest news on Utkarsh Bank
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Frequently Asked Questions about Utkarsh Bank
Utkarsh Bank was founded in 2009 and raised its 1st funding round 12 years after it was founded.
Utkarsh Bank is headquartered in Varanasi, India. It is registered at Varanasi, Uttar Pradesh, India.
Govind Singh is the current CEO of Utkarsh Bank.
Utkarsh Bank is a funded company, having raised a total of $33M across 1 funding round to date.
As of Mar 31, 2024, the latest employee count at Utkarsh Bank is 19,780.
Annual revenue of Utkarsh Bank is $511.16M as on Mar 31, 2025.
Utkarsh Bank was founded in 2009 in Varanasi, India, as a small finance bank. Credit services under the JLG model were initially provided, followed by additions of microenterprise loans, housing loans, and micro pension products. Operations now include MSME loans, deposit accounts, insurance, mutual funds, remittances, debit cards, ATMs, and POS payments across the country.
Utkarsh Bank's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
Yes, Utkarsh Bank is publicly traded on NSE under the ticker symbol UTKARSHBNK.
Utkarsh Bank has 5 investors. Key investors include responsAbility, Growth Catalyst Partners, Olympus Capital Asia, Triodos Investment Management, and Aavishkaar Capital.
The ticker symbol of Utkarsh Bank is UTKARSHBNK on NSE.
The valuation of Utkarsh Bank is $334.92M as of Mar 2021.