UTKARSH VOICE Q4 [FY 14-15] : Volume-4, Issue-5

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Q4 FY 2014-15 Highlights

The closure of Q4, FY 2014-15 was marked special for the company. The Micro Finance

outreach (JLG) efforts has taken the company to more than 6 lakh active women clients.

This base of 6,01,465 active client as on Mar 31, 2015, is almost double the base of 3,17,900

as on Mar 31, 2014. The cumulative disbursement figures have also almost doubled from

8,999 Mn till Mar 31, 2014 to 17,664 Mn till Mar 31, 2015.

This has been possible with the synergetic efforts of more than 1750 members of Team

Utkarsh (as on Mar 31, 2015, which was 1,032 as on Mar 31, 2014) through 255 branches

(240 JLG & 15 MEL Branches). JLG operation saw 98 new branches in 26 incremental

districts during FY 2014-15. The company almost doubled its Branch Network in Bihar

(from 39 to 77) and Madhya Pradesh (8 to 18) and had 6.5 folds new branches in

Maharashtra (4 to 26).

Simultaneously, company’s Micro Enterprise Loan (MEL) clients’ base had increased from

2415 to 6823. The cumulative disbursements crossed ₹500 Mn during the year with 6 new

branches in 5 new districts. The total loan portfolio (JLG & MEL outstanding) of the

company doubled from ₹3,556 Mn to ₹7,281 Mn during the FY 2014-15.

Company’s reach under NPS scheme also increased 3 folds from about 11 thousand to 34

thousand clients. The subscription amount also went 3 folds from about ₹3 Mn to ₹10 Mn.

Under the Credit Plus initiatives, the company continued its CSR activities and support to

unserved segment of the society. A Blood Donation Camp was also organized by

employees of the company at Varanasi.

New Incumbent in the Senior Management

During the Quarter, the company set up a new department viz. Vigilance and Security

Department to further strengthen its support and control function.

Mr. Raghvendra Singh joined the Company as Head – Vigilance and Security. He is a

retired Deputy Superintendent of Police (DSP) from Uttar Pradesh Police Services. He

joined the Uttar Pradesh Police Department directly as a Sub-Inspector in 1975 and retired

as DSP in 2015. During this period, he had hands on experience of over 18 years in

Vigilance / Anti-Corruption work, other than the normal police roles.

He has also received many rewards and medals from President of India and State

Government. The prominent ones being, Gallantry Medal (1985), Sarahniya Sewa Padak

(1989), Utkrista Sewa Padak (1995), United Nations Peace Medal (1996), President Medal

(1996) and President Police Medal (2007).

UTKARSH VOICE Q4 [FY 14-15] : Volume-4, Issue-5

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Employee Speak “…”

“Employee are organization’s biggest asset.” This is what I always heard and realized

from the day I joined Utkarsh. Today when my association with Utkarsh completes fifth

year, I really feel precious as an employee. Here I have always been groomed and

developed to be an effective and efficient employee and more than that a responsible

human being. I can really say that Utkarsh is one of the Best Places to work and realize

one’s potential.

Excerpts from a talk with Mr. Vishvajeet Singh, Chief Manger- Vigilance and Security Department.

Operational Highlights

The company further expanded in new geographies of its 8 operational States. The 8 states

being, Uttar Pradesh, Bihar, Maharashtra, Madhya Pradesh, Delhi-NCR, Uttarakhand,

Himachal Pradesh and Haryana. The total districts being covered in 8 states grew to 58.

The Branch Network expanded to 255 [240 JLG Operations Branches and 15 MEL

Operations Branches] for serving 6,01,465 clients. At the close of Q4 FY 2014-15, the JLG

business stood at an outstanding of `6922.8 Mn and the Micro Enterprise Loan at `358.1

Mn, thereby making a total portfolio of `7280.9 Mn. A comparative summary of the

operational highlights of the company is as below:

Particulars As on Mar.

31, 2015 As on Mar.

31, 2014 As on Mar.

31, 2013 MICROFINANCE OUTREACH

No. of States 8 8 5

No. of Districts 65 40 24

Total No. of Branches 240 142 102

No. of Branches in Uttar Pradesh 87 74 63

No. of Branches in Bihar 77 39 27

No. of Branches in Maharashtra 26 4 -

No. of Branches in Madhya Pradesh 18 8 6

No. of Branches in Delhi - NCR 9 8 1

No. of Branches in Uttarakhand 13 7 5

No. of Branches in Himachal Pradesh 1 1 -

No. of Branches in Haryana 9 1 -

Total No. of Centers 37,752 20,476 14,369

Total No. of Groups 152,206 80,181 49,087

Total No. of Members 639,753 337,543 200,066

Total No. of Clients 601,465 317,900 197,874

Total Disbursement – Cumulative ( in Mn) 17,663.9 8,999 1767.8

Loan Outstanding ( in Mn) (Own+ Managed) 6,922.8 3,436 1767.8

Total No. of Loan Disbursed 1,189,081 664,219 372,019

Total No. of Credit Officers 972 575 341

No. of Client Per Credit Officer 619 533 580

On Time Repayment Rate (%) 99.9% 100% 100%

Par > 30 Days

No. of Clients 214 15 2

Amount ( In Mn) 1.81 0.21 0.02

UTKARSH VOICE Q4 [FY 14-15] : Volume-4, Issue-5

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MICRO ENTERPRISES LENDING

No. of States 4 3 1

No. of Districts 14 9 2

Total No. of Branches 15 9 2

Total No. of Loan Disbursed 7,792 2,564 310

Total No. of Clients 6,823 2,415 307

Total Disbursement – Cumulative ( in Mn) 502.3 149.0 170

Loan Outstanding ( in Mn) (Own +Managed) 358.1 120.3 14.8

No. of Relationship Officer (RO) 83 43 9

No. of Clients /RO 82 56 34

PAR > 30 Days

No. of Clients 87 1 -

Amount (₹ in Mn) 3.71 0.01 -

NATIONAL PENSION SYSTEM (NPS)

No. of States 2 2 1

No. of Districts 13 7 1

Total No. of Branches 53 41 3

No. of Accounts 34,015 1,340 153

Total Subscription-Cumulative ( in Mn) 10.24 3.01 0.11

STAFF

Operational Staff 1619 898 533

Total Staff 1752 1,032 623

EMPLOYEE DETAIL:

Particulars As on

Mar. 31, ‘15 As on

Mar. 31, ’14 JLG Operation 1476 821

MEL Team 143 87

Support and Control Team 133 119

TOTAL 1752 1031

Financial Performance

The Company achieved a PBT of `264.8 Mn for the FY 14-15. Important financial

parameters are as below:

Particulars As on Mar 31, 2015 (Audited)

As on Mar 31, 2014 (Audited)

As on Mar 31, 2013 (Audited)

Income (` in Mn) 1349.6 703.2 313.0

Expenses (` in Mn) 1084.8 567.4 253.1

Profit Before Tax (` in Mn) 264.8 135.8 59.9

Net Worth (` in Mn) 2322.4 742.7 643.0

UTKARSH VOICE Q4 [FY 14-15] : Volume-4, Issue-5

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SOCIAL INTERVENTIONS (Credit plus Activities) Health Initiatives

In order to provide low cost medical facility, Samutkarsh Welfare Services (SWS) has tied

up with Ram Krishna Sewashram Hospital Ojhala, Mirzapur and GV Meditech Group,

Varanasi for operating Poly Clinic at 5 branches. This has been done to provide free

medical facilities to the members.

The Poly Clinic opens for the customers of Utkarsh for medical treatment and meditation

at fortnightly intervals. A total of 29 Poly Clinic Days were organized in Q4 FY 2014-15,

benefiting 1,883 patients. Company plans to expand this initiative in many more branches.

Financial Awareness (In association with ACCION) During Q4, the company organized training program on Financial Awareness for the

clients. The training had 7 modules on financial management.

Organized through 8 Branches, the training witnessed a footfall of 8,155 clients. By March

31, 2015, a total of 6,762 clients completed all their training modules under financial

awareness.

Solar Light Project The Company started pilot of Solar Light Project from two branches – Harahua (Varanasi)

and Chandwak (Jaunpur) in March 2014. Till close of Q4 FY 2014-15, the project was

operational at 10 branches in Uttar Pradesh and Bihar.

The Solar Combo, Single Sunking Pro and Pro 2 products reached 4,632 clients by way of

Solar Loans.

Vocational Training – Agarbatti Rolling Project SWS is providing continuous training on incense stick production in 20 villages of Harahua

Block of Varanasi district. Total production of raw Agarbatti till Mar 31, 2015 was 3,116 kg

and that of scented Agarbatti was 800 kg. Moreover, 4,562 kg of raw Agarbatti and 798.3

kg of scented Agarbatti produced so far by the members were linked to the market.

UTKARSH VOICE Q4 [FY 14-15] : Volume-4, Issue-5

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Success Stories – as clients speak “…”

The story revolves around a poor old widow residing in Dullahpur village of Ghazipur

District, Uttar Pradesh. Shakuntala, the lady, lost her husband 15 years ago and had to

work in others’ house, washing utensils, clothes and brooming-swiping as a home servant.

Being a house maid was the only visible option for her to earn livelihood and take care of

her small children.

One day, from her vicinity she came to know about the possible credit support from

Utkarsh. With a hope in her eyes to get some credit support, she decided to take up some

economic activity to be self-sufficient.

She became member of a Joint Liability Group and along with her son, Santkumar, she

decided to set up a small eatery in the market area. She then availed her first loan with

Utkarsh in July 2012.

With this sum, she started a small litti-chokha eatery in the market, which saw good

response from the customers. Motivated by this, she then left the house-maid work and

fully focused on this business activity.

In April 2013, she took the second loan and upgraded her small eatery joint to a small hotel

with more items.

Presently, she has availed a loan of ₹30,000/-and running one more Fast Food Joint along

with her well grown Hotel. Her income is regular now and she has employed two helpers,

thereby also generating employment for others. She has also constructed her two room

house.

She recalls her struggle days and expresses her gratitude to Utkarsh for supporting her in

right time, otherwise she would have continued to work as house maid in others’ house.

UTKARSH VOICE Q4 [FY 14-15] : Volume-4, Issue-5

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UTKARSH in NEWS

Blood Donation by Utkarsh Employees

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UTKARSH VOICE Q4 [FY 14-15] : Volume-4, Issue-5

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Photo Gallery: UTKARSH ACTIVITIES

Client Meet at Nawpedva, Jaunpur on February 03, 2015

Portfolio crossed `700 Crore

Promotion Exercise

UTKARSH VOICE Q4 [FY 14-15] : Volume-4, Issue-5

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Your feedback is important to us. Please write to us at:

Manager, Corporate Communication, Utkarsh Micro Finance Private Ltd. S2/639-56, Varuna Vihar Colony, J.P. Mehta Road, Cant., Varanasi - 221002, Uttar Pradesh

E-mail ID communications@utkarshmfi.com website www.utkarshmfi.com

CSR at UTKARSH

Blood Donation at Om Surgical

UTKARSH at Nirmal Seva Sadan (Orphanage)

Festival Celebration at Utkarsh