Utkarsh Small Finance Bank Limited

BSE: 543942 NSE: UTKARSHBNK
Utkarsh Small Finance Bank Limited - financial services in Varanasi, Uttar Pradesh, India. FY 2026 financials & compliance.
CIN L65992UP2016PLC082804 Incorporated 30 April 2016 ROC Uttar Pradesh HQ Varanasi, Uttar Pradesh, India
Active Listed - NSE: UTKARSHBNK · BSE: 543942 Public Limited Company financial services
Data last updated
Market Cap
₹2,139 Cr
UTKARSHBNK · NSE
Share Price
₹12.16
+1.16% today
Revenue
₹1,908 Cr
FY 2025-26 · -27.3% YoY
Net Profit
−₹1,151 Cr
FY 2025-26 · -4956.4% YoY
Authorised capital
₹2,000 Cr
Registered with MCA
Paid-up capital
₹1,779.52 Cr
Issued & subscribed
Open charges
₹3.85 Lakh
Satisfied ₹1,431.36 Cr
Company age
10 yrs
Est. 2016

About Utkarsh Small Finance Bank Limited

Data last updated:

Utkarsh Small Finance Bank Limited is a public limited company based in Varanasi, Uttar Pradesh, India, a subsidiary of Utkarsh Coreinvest Limited. It operates in the commercial banks segment of the financial services sector. It was incorporated on 30 April 2016 and has been in existence for over 10 years.

The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN L65992UP2016PLC082804. Its GSTIN is 06AABCU9355J1ZY (Haryana). The company holds 10 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 543942 and NSE: UTKARSHBNK.

The company has an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹1,779.52 Cr. It is led by directors including Govind Singh (Managing Director) and Sarjukumar Pravin Simaria (Whole-Time Director).

Its last annual general meeting (AGM) was held on 04 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Utkarsh Tower NH – 31 (Airport Road) Sehmalpur Kazi Sarai Harhua, Varanasi, Uttar Pradesh, India – 221105.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1,907.71 Cr, a decline of 27.3% compared to the previous year. For the same year it recorded a net loss of ₹1,150.97 Cr (net margin -60.3%). The net worth stands at ₹2,775.6 Cr (down 6.7% YoY). Total assets are valued at ₹28,869 Cr (up 2.6% YoY).

The company has about 15,950 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Utkarsh Bank and Utkarsh Coreinvest. As per MCA filings, the company has open charges of ₹3.85 Lakh and satisfied charges of ₹1,431.36 Cr on record. Court records list 2,966 cases involving the company, including 2,795 filed by the company and 172 filed against it; 1,911 cases are pending. The company has 19 deals on record (5 market trades, 4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹1,377.47 Cr; the latest was in September 2026.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website utkarsh.bank.

Company details

CIN L65992UP2016PLC082804
Registration Number 082804
Incorporation Date 30 April 2016
ROC Uttar Pradesh
Listing Status Listed - Listed on NSE (UTKARSHBNK); Listed on BSE (543942)
Company Status Active
Date of Last AGM 04 August 2026
Date of Balance Sheet 31 March 2026
Parent Company Utkarsh Coreinvest Limited
Compliance Status Active Compliant

CIN history

Utkarsh Small Finance Bank has one previous CIN (Corporate Identification Number): U65992UP2016PLC082804. The current CIN is L65992UP2016PLC082804, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L65992UP2016PLC082804Current
U65992UP2016PLC082804Previous
Key People
Govind Singh Managing Director Sarjukumar Pravin Simaria Whole-Time Director Kalpana Prakash Pandey Director

Contact details

Utkarsh Small Finance Bank Limited's registered office is in Varanasi, Uttar Pradesh.

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  • Registered Address
    Utkarsh Tower NH – 31 (Airport Road) Sehmalpur Kazi Sarai Harhua, Varanasi, Uttar Pradesh, India – 221105
  • Industry
    Financial Services, Commercial Banks, Bfsi
Comprehensive company report
Utkarsh Small Finance Bank Limited - one report that includes everything
  • 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
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Brands

Utkarsh Small Finance Bank operates two associated brands: Utkarsh Bank and Utkarsh Coreinvest. Each brand links to its own profile.

BrandDescriptionWebsite
Utkarsh Bank
Small finance bankutkarsh.bank
Utkarsh Coreinvest
Financial services are provided to unbanked populations and small enterprises.utkarshcoreinvest.com

Business activity

The main business activity of Utkarsh Small Finance Bank is financial and insurance service. In detail, this covers banking activities by central, commercial and saving banks.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK1Banking activities by Central, Commercial and Saving banks

To see the full business activity and turnover split of Utkarsh Small Finance Bank Limited, buy the company report.

Financials of Utkarsh Small Finance Bank Limited

FY 2025-26 filings available

Utkarsh Small Finance Bank Limited reported revenue of ₹1,907.71 Cr (down 27.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹1,908 Cr
-27.3% YoY
EBITDA
-
Profit After Tax
−₹1,151 Cr
-4956.4% YoY
Net Worth
₹2,776 Cr
-6.7% YoY
Total Assets
₹28,869 Cr
+2.6% YoY
Total Debt
₹24,483 Cr
+2.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,9082,6232,2861,8281,246964827
Revenue growth-27.3%+14.7%+25.0%+46.8%+29.2%+16.6%-
Profit before tax(1,507)27.6565953679.71151250
Net profit(1,151)23.7049840461.46112187
Balance sheet
Total assets28,86928,12723,90319,11815,06412,1389,404
Net worth2,7762,9742,9732,0001,5721,3681,020
Total debt24,48323,92019,46816,06012,64610,1157,910
Cash & bank2,3213,4373,0272,5161,8721,1701,614
Cash flow
Cash from operations7818769911,5731,329(83.46)115
Cash from investing(3,309)(777)(620)(693)(739)(532)(322)
Cash from financing1,412310140(235)1111721,304
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue541491429448540699586661
Revenue growth (YoY)+0.2%-29.7%-26.8%-32.2%-20.4%---
Other income11911580.5697.35138287105103
Depreciation0.000.000.000.000.000.000.000.00
Profit before tax(45.42)(232)(491)(465)(319)11.27(238)68.07
Tax(11.50)(44.07)(116)(117)(79.39)8.31(69.89)16.68
Net profit(33.92)(188)(375)(348)(239)2.96(168)51.39

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue541491429448540699586661
Revenue growth (YoY)+0.2%-29.7%-26.8%-32.2%-20.4%---
Other income11911580.5697.35138287105103
Depreciation0.000.000.000.000.000.000.000.00
Profit before tax(45.42)(232)(491)(465)(319)11.27(238)68.07
Tax(11.50)(44.07)(116)(117)(79.39)8.31(69.89)16.68
Net profit(33.92)(188)(375)(348)(239)2.96(168)51.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,9082,6232,2861,8281,246964827
Revenue growth-27.3%+14.7%+25.0%+46.8%+29.2%+16.6%-
Other income43160040029918512598.56
Depreciation77.3376.5765.2758.6640.8829.5825.41
Profit before tax(1,507)27.6565953679.71151250
Tax(356)3.9516213118.2539.6263.67
Net profit(1,151)23.7049840461.46112187
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital1,7801,1021,099896896848759
Reserves & surplus9961,8731,8741,104677520260
Shareholders' funds (net worth)2,7762,9742,9732,0001,5721,3681,020
Secured loans2,8292,3551,9952,3492,5722,6082,675
Unsecured loans21,65421,56617,47313,71010,0747,5085,235
Total debt24,48323,92019,46816,06012,64610,1157,910
Total liabilities28,86928,12723,90319,11815,06412,1389,404
Assets
Investments6,9144,9583,6792,8592,3482,3141,192
Cash & bank balances2,3213,4373,0272,5161,8721,1701,614
Loans & advances1,106630520370330256185
Total assets28,86928,12723,90319,11815,06412,1389,404
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3,4373,0272,5161,8721,1701,614517
Net cash from operating activities7818769911,5731,329(83.46)115
Net cash from investing activities(3,309)(777)(620)(693)(739)(532)(322)
Net cash from financing activities1,412310140(235)1111721,304
Net change in cash(1,115)409511645702(444)1,097
Closing cash2,3213,4373,0272,5161,8721,1701,614
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-27.3%+14.7%+25.0%+46.8%+29.2%+16.6%-
Net income growth-4956.4%-95.2%+23.0%+558.1%-45.0%-40.1%-
Profitability & leverage
Return on net worth0.0%+0.8%+20.0%+22.6%+4.2%+9.4%+20.8%
Efficiency & per share
EPS (₹)(6.47)0.224.534.520.691.322.46
Dividend per share (₹)0.000.000.500.000.000.000.00

To see the full year-wise statements and ratios of Utkarsh Small Finance Bank Limited, buy the company report.

Board of directors of Utkarsh Small Finance Bank Limited

Utkarsh Small Finance Bank has 9 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sarjukumar Pravin SimariaWhole-Time Director22 Jun 20260 Years 4 MonthsCurrent
Govind Singh
Also directs: Utkarsh Welfare Foundation
Managing Director31 May 20188 Years 5 MonthsCurrent
Kalpana Prakash PandeyDirector29 Apr 20206 Years 6 MonthsCurrent
Parveen Kumar Gupta
Also directs: 63 Moons Technologies Limited, India Shelter Finance Corporation Limited, National Securities Depository Limited and 4 more
Director01 Sep 20215 Years 2 MonthsCurrent
Ajay Kumar Kapur
Also directs: Nabfins Limited
Director02 Mar 20215 Years 8 MonthsCurrent
Ramjass YadavDirector03 Jan 20260 Years 10 MonthsCurrent
Showing 6 of 9 current directors. View all directors

Charges & borrowings

Open charges
₹3.85 Lakh
Satisfied charges
₹1,431.36 Cr
Breakdown by lending institutions
Others₹0.04 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
23 Mar 2021100451385Others₹3.85 LakhOpen
02 May 2017100106444Others₹34.8 CrSatisfied
06 Apr 2017100090158Others₹6.75 CrSatisfied
31 Mar 2017100090453Others₹75 CrSatisfied
31 Mar 2017100090455Others₹50 CrSatisfied

To see the full charge records of Utkarsh Small Finance Bank Limited, buy the company report.

Total charge records: 41 View all charges

Deals & funding

Utkarsh Small Finance Bank Limited has 19 deals on record (5 market trades, 4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹1,377.47 Cr; the latest was in September 2026.

Total deals
19
Market trades
5
Funding rounds
4
Secondary share transfers
4
Convertible or debt financings
2
Disclosed funding
₹1,377.47 Cr

Deals on record (5 of 19)

WhenDealAmountParties
Oct 2025Market trade₹30.17 CrBuyer: Graviton Research Capital LLP , an individual
Seller: Graviton Research Capital LLP , an individual
May 2025Market trade₹21.93 CrBuyer: Four Dimensions Securities (India) Limited
Jul 2023Market trade₹47.01 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Jul 2023Market trade₹98.34 CrBuyer: Mansi Share And Stock Advisors Pvt Ltd, GRT Strategic Ventures LLP , an individual
Seller: Mansi Share And Stock Advisors Pvt Ltd, GRT Strategic Ventures LLP , an individual
Jul 2023IPO₹500 CrInvestors: IPO - Utkarsh Small Finance Bank Limited, Goldman Sachs Public Market Fund, Mirae Asset Banking And Financial Services Fund

To see the full deal history of Utkarsh Small Finance Bank Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Utkarsh Small Finance Bank Limited was last rated by Care on 29 Sep 2022.

Rating agencyRated onRating
Care29 Sep 2022

To see the full credit ratings and regulatory alerts of Utkarsh Small Finance Bank Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Utkarsh Small Finance Bank Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Utkarsh Small Finance Bank has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.

Total GSTINs
10
Active
10
GSTINStateStatusRegistered on
06AABCU9355J1ZYHaryanaActive06 Jul 2017
10AABCU9355J1Z9BiharActive13 Jul 2017
20AABCU9355J1Z8JharkhandActive21 Jul 2017
19AABCU9355J1ZRWest BengalActive02 Jan 2018

To see the full GST registrations and return filing status of Utkarsh Small Finance Bank Limited, buy the company report.

Recent activity

Utkarsh Small Finance Bank Limited has 41 board changes on record since 2016: 26 appointments and 15 cessations. The latest: Sarjukumar Pravin Simaria was appointed as Whole-Time Director on 22 Jun 2026.

AGM
Utkarsh Small Finance Bank Limited last Annual general meeting of members was held on 04 Aug 2026 as per latest MCA records.
Appointed
Sarjukumar Pravin Simaria was appointed as Whole-Time Director.
Appointed
Anjani Kumar Srivastava was appointed as Director.
Filing
Utkarsh Small Finance Bank Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Uttar Pradesh I.
Appointed
Ramjass Yadav was appointed as Director.
Ceased
Nagesh Dinkar Pinge ceased to be Director.
Appointed
Kshatrapati Shivaji was appointed as Director.
Appointed
Gauri Rushabh Shah was appointed as Director.
Ceased
Kajal Ghose ceased to be Director.
Ceased
Chandra Thanvi Shekhar ceased to be Director.
Appointed
Pramod Kumar Dubey was appointed as Whole-Time Director.
Ceased
Barsagade Mukund Shyamrao ceased to be CFO.

113 earlier events are in the company report.

News

Utkarsh Small Finance Bank: Reports Q2 FY27 Business Updates; Total Disbursements Rose By 54.9% Year Over Year To ₹3,525 Crore; Gross Loan Portfolio Grew By 7.5% Year Over Year To ₹20,063 Crore; Total Deposits Increased By 6.6% Year Over Year To ₹23,869 Crore; CASA Ratio Improved To 21.5%
06 Oct 2026 · Exchange Update

Frequently asked questions

Utkarsh Small Finance Bank is an active public limited company based in Varanasi, Uttar Pradesh, India. The company works in commercial banks, within the financial services industry. It was incorporated on 30 April 2016 (10+ years old) and is registered under CIN L65992UP2016PLC082804. Listed on BSE: 543942 and NSE: UTKARSHBNK.

Utkarsh Small Finance Bank reported revenue of ₹1,907.71 Cr for FY 2025-26 (down 27.3% YoY) based on standalone financials.

Utkarsh Small Finance Bank has 9 current directors:

The latest financial statements of Utkarsh Small Finance Bank on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 04 August 2026. Year-wise statements from FY 2017 are in the company report.

The GSTIN of Utkarsh Small Finance Bank is 06AABCU9355J1ZY, registered in Haryana. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 10AABCU9355J1Z9 (Bihar), 20AABCU9355J1Z8 (Jharkhand), 19AABCU9355J1ZR (West Bengal).

The CIN (Corporate Identification Number) of Utkarsh Small Finance Bank is L65992UP2016PLC082804. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Utkarsh Small Finance Bank is a listed company as per MCA records. Its shares are listed on both BSE (code: 543942) and NSE (symbol: UTKARSHBNK).

Utkarsh Small Finance Bank has 2,966 court cases on record: 2,795 filed by the company and 172 filed against it. 1,911 are pending. Most are in the district courts.

Utkarsh Small Finance Bank was incorporated on 30 April 2016, making it 10+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.

Utkarsh Small Finance Bank has 19 deals on record (5 market trades, 4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹1,377.47 Cr; the latest was in September 2026.