About Utkarsh Coreinvest
Utkarsh Coreinvest is a Financial Services company based in Varanasi (India) founded in 2009. Financial services are provided to unbanked populations and small enterprises. Utkarsh Coreinvest has raised $93.53 million across 6 funding rounds from investors including RBL Bank, UTI Mutual Fund and International Finance Corporation. The company has 7 employees. Its chief executive, as recorded, is Suman Saurabh. Its Indian entity Utkarsh Coreinvest Limited reported revenue of ₹4,156 Cr. Utkarsh Coreinvest offers products and services including JLG Credit, Micro Enterprise Loans, Housing Loans, and Micro Pension Products. Its focus areas include Microfinance, Microcredit and Sustainability Tech. Its competitors include ESAF, Satin Creditcare and Fincare Small Finance Bank; 3 of its 3 listed competitors have raised funding.
Company details
The company was established in 2009 in Varanasi, India, as a provider of financial services targeting unbanked populations and small finance needs. Operations have been expanded to include credit and micro enterprise loans, housing loans, and micro pension products. Financial and non-financial services are facilitated through its structure as a non-banking financial company, with a focus on underserved areas.
- Headquarters Varanasi, India
- Employees 7
- SectorsFinancial Services
- Email••••••••
- Website utkarshcoreinvest.com
- Legal Name Utkarsh Coreinvest Limited
- Date of Incorporation 15 May, 1990
- Jurisdiction Varanasi, Uttar Pradesh, India
- Annual Revenue₹4,156 Cr
FY 2025 · +23% YoY
- Net Loss-₹88.85 Cr
FY 2025
- EBITDA₹1,294 Cr
FY 2025 · 31% margin
- Total Equity Funding$93.53M (USD)
in 6 rounds
- Latest Funding Round$59.18M (USD), Series E
Sep 2016
- InvestorsRBL Bank
& 15 more
- Employee Count7
Associated legal entities of Utkarsh Coreinvest
Utkarsh Coreinvest is associated with 2 registered companies on The Company Check; the primary company is Utkarsh Coreinvest Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Utkarsh Coreinvest Limited CIN U65191UP1990PLC045609 | Active | 15 May 1990 | Varanasi, Uttar Pradesh | ₹4,156 Cr | 7 | 6 | View details |
| Utkarsh Small Finance Bank Limited Listed CIN L65992UP2016PLC082804 | Active | 30 Apr 2016 | Varanasi, Uttar Pradesh | ₹2,339 Cr | 15,950 | 11 | View details |
Products & Services of Utkarsh Coreinvest
Utkarsh Coreinvest offers a comprehensive portfolio of products and services, including JLG Credit, Micro Enterprise Loans, Housing Loans, and Micro Pension Products.
Credit for joint liability groups to support unbanked borrowers
Loans for small enterprises to foster economic growth
Loans for housing needs of low-income individuals
Pension options for unbanked populations to secure future
Funding Insights of Utkarsh Coreinvest
Utkarsh Coreinvest has successfully raised a total of $93.53M across 6 strategic funding rounds. The most recent funding activity was a Series E round of $59.18 million completed in September 2016. 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.
- Total Funding $93.53M
- Total Rounds 6
- Last Round Series E — $59.18M
- First Round $4.94M
(Sep 2011)
- Investors Count 16
All 6 funding rounds of Utkarsh Coreinvest with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2016 | $59.18M | Series E | – | Faering Capital, HDFC Life | – |
| Jun 2015 | $5M | Series D | – | BIO Invest | – |
| Dec 2014 | $20.77M | Series D | – | British International Investment | |
| Dec 2013 | $12.19M | Debt – Conventional | – | – | |
| Apr 2013 | $3.64M | Series C | – | IFC, Nordic Microfinance Initiative | – |
| Sep 2011 | $4.94M | Series B | – | Nordic Microfinance Initiative |
16 investors in total: 16 institutional.
Investors in Utkarsh Coreinvest
Utkarsh Coreinvest has secured backing from 16 investors, including venture fund and institutional investors. Prominent investors backing the company include RBL Bank, UTI Mutual Fund and International Finance Corporation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm managing investments in Indian sectors. | 2009 | faeringcapital.com | Mumbai, India | |
Private equity and funds of funds | bio-invest.be | Brussels, Belgium | ||
Investment firm focusing on tech-enabled enterprises in social and environmental sectors. | 2002 | lokcapital.com | Gurugram, India | |
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Investment management services and private equity funds are offered. | nmimicro.no | Oslo, Norway | ||
Venture capital firm | aavishkaarcapital.in | Mumbai, India | ||
Government agency focused on small and medium-sized businesses | 1948 | bii.co.uk | London, United Kingdom | |
Tech and Offline focused VC firm investing in early-stage companies in Netherlands,India and Nigeria | goodwell.nl | Amsterdam, Netherlands | ||
Life and health insurance services are offered in India. | 2000 | hdfclife.com | Mumbai, India | |
General insurance services are provided across India. | 2002 | hdfcergo.com | Mumbai, India |
Investor details for Utkarsh Coreinvest
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Board of directors of Utkarsh Coreinvest Limited (Utkarsh Coreinvest)
Utkarsh Coreinvest Limited is the primary company behind Utkarsh Coreinvest. The boards of the 2 registered companies of Utkarsh Coreinvest currently have 13 directors; the longest-serving is Aditya Deepak Parekh, appointed in 2017. 53 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aditya Deepak Parekh DIN 02848538 | Nominee Director | 19 Jan 2017 | 9 yrs 9 mo | Utkarsh Coreinvest Limited |
| Atul DIN 07711079 | Director | 19 Jan 2017 | 9 yrs 9 mo | Utkarsh Coreinvest Limited |
| Gopalasamudram Srinivasaraghavan Sundararajan DIN 00361030 | Director | 22 Feb 2018 | 8 yrs 8 mo | Utkarsh Coreinvest Limited |
| Govind Singh DIN 02470880 | Managing Director | 31 May 2018 | 8 yrs 5 mo | Utkarsh Small Finance Bank Limited |
| Kalpana Prakash Pandey DIN 06715713 | Director | 29 Apr 2020 | 6 yrs 6 mo | Utkarsh Small Finance Bank Limited |
| Ajay Kumar Kapur DIN 00108420 | Director | 02 Mar 2021 | 5 yrs 8 mo | Utkarsh Small Finance Bank Limited |
| Parveen Kumar Gupta DIN 02895343 | Director | 01 Sep 2021 | 5 yrs 2 mo | Utkarsh Small Finance Bank Limited |
| Suman Saurabh DIN 07132387 | Managing Director | 19 Dec 2023 | 2 yrs 10 mo | Utkarsh Coreinvest Limited |
| Gauri Rushabh Shah DIN 06625227 | Director | 01 Jun 2025 | 1 yr 5 mo | Utkarsh Small Finance Bank Limited |
| Kshatrapati Shivaji DIN 01185381 | Director | 01 Jul 2025 | 1 yr 4 mo | Utkarsh Small Finance Bank Limited |
| Ramjass Yadav DIN 08911900 | Director | 03 Jan 2026 | 10 mo | Utkarsh Small Finance Bank Limited |
| Anjani Kumar Srivastava DIN 07594445 | Director | 09 May 2026 | 5 mo | Utkarsh Small Finance Bank Limited |
| Sarjukumar Pravin Simaria DIN 02436025 | Whole-time director | 22 Jun 2026 | 4 mo | Utkarsh Small Finance Bank Limited |
People of Utkarsh Coreinvest
1 people are tracked at Utkarsh Coreinvest (1 in leadership); the tracked headcount is 7.
| Name | Role | Group |
|---|---|---|
| CEO & Managing Director | Leadership |
Complete people profiles for Utkarsh Coreinvest
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Financials of Utkarsh Coreinvest
Figures of Utkarsh Coreinvest Limited, the primary company behind Utkarsh Coreinvest, for FY 2025. Revenue was ₹4,156 Cr (+23% year on year). Net loss was -₹88.85 Cr. EBITDA was ₹1,294 Cr (31% margin). Revenue has grown at a compounded annual rate of +26% over three years and +24% over five years.
- ₹4,156 CrRevenue · FY 2025 · +23% YoY
- -₹88.85 CrNet loss
- ₹1,294 CrEBITDA · 31% margin
- ₹99.38 CrPaid-up capital
- 7Employees (provident fund records)
- +26%Revenue CAGR, 3 years
- +24%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Utkarsh Coreinvest Limited are on its company page.
Detailed financial statements for Utkarsh Coreinvest
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Timeline of Utkarsh Coreinvest
3 dated milestones of Utkarsh Coreinvest across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Utkarsh Coreinvest is founded.
- Funding First funding round of $4.9M.
- Funding Latest funding round, Series E, of $59.2M.
Competitors of Utkarsh Coreinvest
Utkarsh Coreinvest has 3 listed competitors in our database, 3 of them funded. They include ESAF, Satin Creditcare and Fincare Small Finance Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| esafbank.com | 1992 | Thrissur, India | $101.74M | 6,194 | Microfinance banking services are offered in India by ESAF. | |
| satincreditcare.com | 1990 | Delhi, India | $40M | 15,350 | Micro loans for businesses are offered by this NBFC. | |
| fincarebank.com | 2007 | Bengaluru, India | $174.84M | 12,894 | Micro-finance bank |
Detailed competitors of Utkarsh Coreinvest
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Web traffic of Utkarsh Coreinvest
The website of Utkarsh Coreinvest (utkarshcoreinvest.com) receives about 2.8K visits a month.
- Monthly visits2.8K
▲ 13.9% vs previous month
Top companies in Microfinance
3 companies that operate in the same segment as Utkarsh Coreinvest (Microfinance) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 101.74 M | USD 474.19 M | 12,520 | |
Micro loans for businesses are offered by this NBFC. | 1990 | Delhi, Delhi, India | USD 40 M | USD 310.26 M | 15,190 | |
Provider of microloans | 2010 | Delhi, Delhi, India | USD 71.68 M | 12,403 |
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Frequently Asked Questions about Utkarsh Coreinvest
Utkarsh Coreinvest was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Utkarsh Coreinvest is headquartered in Varanasi, India. It is registered at Varanasi, Uttar Pradesh, India.
Suman Saurabh is the CEO of Utkarsh Coreinvest, as recorded in our data.
Utkarsh Coreinvest is a funded company, having raised a total of $93.53M across 6 funding rounds to date. The company's 1st funding round was a Series B of $4.94M, raised on Sep 2011.
Utkarsh Coreinvest has 7 employees.
The primary company behind Utkarsh Coreinvest, Utkarsh Coreinvest Limited, reported revenue of ₹4,156 Cr for FY 2025, up 23% year on year.
The company was established in 2009 in Varanasi, India, as a provider of financial services targeting unbanked populations and small finance needs. Operations have been expanded to include credit and micro enterprise loans, housing loans, and micro pension products. Financial and non-financial services are facilitated through its structure as a non-banking financial company, with a focus on underserved areas.
Utkarsh Coreinvest's top competitors include ESAF, Satin Creditcare and Fincare Small Finance Bank.
Utkarsh Coreinvest offers JLG Credit, Micro Enterprise Loans, Housing Loans, and Micro Pension Products.
Utkarsh Coreinvest has 16 investors. Key investors include RBL Bank, UTI Mutual Fund, International Finance Corporation, ICICI Prudential Life Insurance, and HDFC Life.
Utkarsh Coreinvest is associated with 2 legal entities: Utkarsh Coreinvest Limited, Utkarsh Small Finance Bank Limited.
The legal entities of Utkarsh Coreinvest currently have 17 directors, including Aditya Deepak Parekh, Harshit Agrawal, Suman Saurabh and others.