About Utkarsh Coreinvest Limited
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Utkarsh Coreinvest Limited is a public limited company based in Varanasi, Uttar Pradesh, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 15 May 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U65191UP1990PLC045609. Its GSTIN is 09AAECS9298K1ZF (Uttar Pradesh).
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹99.38 Cr. It was formerly known as Utkarsh Fininvestments Limited and Utkarsh Micro Finance Private Limited. It is led by directors including Suman Saurabh (Managing Director) and Gopalasamudram Srinivasaraghavan Sundararajan.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at S – 24/1 – 2 Fourth Floor Mahavir Nagar Orderly Bazar Near Mahavir Mandir, Varanasi, Uttar Pradesh, India – 221002.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,155.62 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net loss of ₹88.85 Cr (net margin -2.1%) and EBITDA of ₹1,294.4 Cr (EBITDA margin 31.1%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 24% over five years.
The company has about 7 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Utkarsh Coreinvest. As per MCA filings, the company has satisfied charges of ₹2,584.54 Cr on record. Court records list 411 cases involving the company, including 410 filed by the company and 1 filed against it; 185 cases are pending. The company has 25 deals on record (14 funding rounds, 8 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹588.21 Cr; the latest was in March 2021. Its 5 peer companies in the BFSI industry (Core Investment Companies, Large NBFC), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 2 smaller; the largest is India Infrastructure Finance Company Limited with revenue of ₹4,776.7 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website utkarshcoreinvest.com.
Company details
Name history
Utkarsh Coreinvest has undergone 10 name changes throughout its history. The current legal name is Utkarsh Coreinvest Limited.
| Company Name | Status |
|---|---|
| Utkarsh Coreinvest Limited | Current |
| Utkarsh Fininvestments Limited | Previous |
| Utkarsh Micro Finance Private Limited | Previous |
| Shre Pathrakali Finance Company Ltd. | Previous |
| Utkarsh Holdings Limited | Previous |
| Utkarsh Micro Finance Limited | Previous |
| Utkarsh Financial Holdings Limited | Previous |
| Shre Pathrakali Finance Company Private Ltd. | Previous |
| Utkarsh Cic Limited | Previous |
| Utkarsh Financial Investments Limited | Previous |
| Utkarsh Financial And Investments Services Limited | Previous |
CIN history
Utkarsh Coreinvest has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65191UP1990PLC045609, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65191UP1990PLC045609 | Current |
| U65191UP1990PTC045609 | Previous |
| U65191TN1990PLC019169 | Previous |
| U65191TN1990PTC019169 | Previous |
Contact details
Utkarsh Coreinvest Limited's registered office is in Varanasi, Uttar Pradesh. Its website is utkarshcoreinvest.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS – 24/1 – 2 Fourth Floor Mahavir Nagar Orderly Bazar Near Mahavir Mandir, Varanasi, Uttar Pradesh, India – 221002
- IndustryFinancial Services, NBFC, Core Investment Companies
To see the full contact details of Utkarsh Coreinvest Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Utkarsh Coreinvest operates one associated brand: Utkarsh Coreinvest. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial services are provided to unbanked populations and small enterprises. | utkarshcoreinvest.com |
Business activity
The main business activity of Utkarsh Coreinvest is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Utkarsh Coreinvest Limited, buy the company report.
Financials of Utkarsh Coreinvest Limited
FY 2025 filings availableUtkarsh Coreinvest Limited reported revenue of ₹4,155.62 Cr (up 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 23% growth in the latest year. EBITDA fell 30% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹1,294.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹88.85 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31.1% | ||||
| Net Profit Margin | -2.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Utkarsh Coreinvest Limited, buy the company report.
Board of directors of Utkarsh Coreinvest Limited
Utkarsh Coreinvest has 4 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditya Deepak Parekh | Nominee Director | 19 Jan 2017 | 9 Years 9 Months | Current |
| Suman Saurabh Also directs: Mahti Kushani Private Limited | Managing Director | 19 Dec 2023 | 2 Years 10 Months | Current |
| Gopalasamudram Srinivasaraghavan Sundararajan Also directs: One 97 Communications Limited, Growxcd Finance Private Limited, Lakshmithra Finance Private Limited and 4 more | Director | 22 Feb 2018 | 8 Years 8 Months | Current |
| Atul | Director | 19 Jan 2017 | 9 Years 9 Months | Current |
Peer comparison
Utkarsh Coreinvest Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Core Investment Companies, Large NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| India Infrastructure Finance Company Limited | ₹4,776.7 Cr (FY 2022) | 1.0% | New Delhi, Delhi, India | |||
| Fortis Healthcare Holdings Private Limited | ₹4,424.06 Cr (FY 2016) | 9.0% | New Delhi, Delhi, India | |||
| Srei Equipment Finance Limited | ₹4,366.85 Cr (FY 2019) | 27.0% | Kolkata, West Bengal, India | |||
| Utkarsh Coreinvest Limitedthis company | ₹4,155.62 Cr (FY 2025) | -₹88.85 Cr | -2.1% | 23.0% | Varanasi, Uttar Pradesh, India | |
| Kanishtha Finance and Investment Private Limited | ₹4,012.57 Cr (FY 2018) | 2.0% | Mumbai, Maharashtra, India | |||
| India Infoline Finance Limited | ₹3,856.96 Cr (FY 2018) | 22.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Utkarsh Coreinvest Limited, buy the company report.
Auditor
Utkarsh Coreinvest Limited is audited by DMKH & Co for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DMKH & Co | FY 2025 | 116886W |
Shareholding
The shareholding of Utkarsh Coreinvest Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Utkarsh Coreinvest Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2016 | 100057833 | Others | ₹50 Cr | Satisfied | |
| 18 Aug 2016 | 100056930 | Hdfc Bank Limited | ₹160 Cr | Satisfied | |
| 05 Aug 2016 | 100044813 | Others | ₹50 Cr | Satisfied | |
| 28 Jul 2016 | 100040871 | Others | ₹50 Cr | Satisfied | |
| 25 Jul 2016 | 100044613 | The Hongkong and Shanghai Banking Corporation Limited | ₹15 Cr | Satisfied |
To see the full charge records of Utkarsh Coreinvest Limited, buy the company report.
Total charge records: 170 View all charges
Deals & funding
Utkarsh Coreinvest Limited has 25 deals on record (14 funding rounds, 8 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹588.21 Cr; the latest was in March 2021.
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Others - Utkarsh CoreInvest Limited Seller: British International Investment (CDC Group), Raag Family Private Trust, an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Raag Family Private Trust, Sustainability Finance Real Economies SICAV SIF Seller: Aavishkaar Capital, an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Raag Family Private Trust, responsAbility Investments, an individual Seller: International Finance Corporation, Utkarsh ESOP Welfare Trust, Lok Capital, an individual |
| Nov 2017 | Rights issue | ₹150 Cr | Investors: Others - Utkarsh CoreInvest Limited, British International Investment (CDC Group), Aavishkaar Capital |
| Oct 2016 | Funding round | ₹395 Cr | Investors: Faering Capital, RBL Bank Limited , Shriram Life Insurance Co. Limited |
To see the full deal history of Utkarsh Coreinvest Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Utkarsh Coreinvest Limited has 411 court cases on record: 410 filed by Utkarsh Coreinvest, 1 filed against it. 185 cases are pending and 226 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 410 | 1 | 185 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 411)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Varanasi, Uttar Pradesh | Court case (Complaint Cases) | Filed by the company against an individual | Pending |
| District court, Varanasi, Uttar Pradesh | Court case (Complaint Cases) | Filed by the company against an individual | Pending |
| District court, Varanasi, Uttar Pradesh | Court case (Complaint Cases) | Filed by the company against an individual | Pending |
| District court, Varanasi, Uttar Pradesh | Court case (Complaint Cases) | Filed by the company against an individual | Pending |
| District court, Varanasi, Uttar Pradesh | Court case (Complaint Cases) | Filed by the company against an individual | Pending |
To see the full case history of Utkarsh Coreinvest Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Utkarsh Coreinvest Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Utkarsh Coreinvest has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Utkarsh Small Finance Bank Limited | U65992UP2016PLC082804 |
To see the full group structure of Utkarsh Coreinvest Limited, buy the company report.
GST
Utkarsh Coreinvest has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAECS9298K1ZF | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Utkarsh Coreinvest Limited, buy the company report.
Recent activity
Utkarsh Coreinvest Limited has 34 board changes on record since 2009: 4 appointments and 30 cessations. The latest: Thirunellayi Kesavan Ramesh Ramanathan ceased to be Nominee Director on 13 Mar 2024.
372 earlier events are in the company report.
News
Frequently asked questions
Utkarsh Coreinvest is an active public limited company based in Varanasi, Uttar Pradesh, India. The company works in nbfc, within the financial services industry. It was incorporated on 15 May 1990 (36+ years old) and is registered under CIN U65191UP1990PLC045609.
Utkarsh Coreinvest has 4 current directors:
- Suman Saurabh - Managing Director
- Aditya Deepak Parekh - Nominee Director
- Gopalasamudram Srinivasaraghavan Sundararajan - Director
- Atul - Director
The latest financial statements of Utkarsh Coreinvest on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Utkarsh Coreinvest is 09AAECS9298K1ZF, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Utkarsh Coreinvest is U65191UP1990PLC045609. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Utkarsh Coreinvest has 411 court cases on record: 410 filed by the company and 1 filed against it. 185 are pending. Most are in the district courts.
Utkarsh Coreinvest was incorporated on 15 May 1990, making it 36+ years old. It is registered with the Registrar of Companies, Kanpur.
Utkarsh Coreinvest has 25 deals on record (14 funding rounds, 8 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹588.21 Cr; the latest was in March 2021.
The peers of Utkarsh Coreinvest by revenue are India Infrastructure Finance Company Limited, Fortis Healthcare Holdings Private Limited, Srei Equipment Finance Limited, Kanishtha Finance and Investment Private Limited, India Infoline Finance Limited, all in the BFSI industry (Core Investment Companies, Large NBFC), with the same principal business activity (other financial activities).
Thirunellayi Kesavan Ramesh Ramanathan ceased to be Nominee Director on 13 Mar 2024. Suman Saurabh was appointed as Managing Director on 19 Dec 2023. Gaurav Malhotra ceased to be Nominee Director on 25 Aug 2022. Utkarsh Coreinvest has 34 board changes on record in total.
Utkarsh Coreinvest can be reached through the website utkarshcoreinvest.com. Its registered office is in Varanasi, Uttar Pradesh, India.
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