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VARIOUS FINANCIAL INSTITUTIONS PROMOTED BY UTI

Towards creating a diversified financial conglomerate and meeting investorsvarying needs under a common umbrella, UTI has set up a number of associate

companies in the field of banking, securities trading, investor servicing,investment advice and training. With the objective of diversifying its activities,the trust has co-promoted the following financial institutions.

1. Credit Rating Information Services of India Ltd. (CRISIL) - Itprovidescredit ratings for companies and financial instruments in the capital market.

2. Infrastructure Leasing and Financial Services Ltd. (ILFS) -It caters tothe needs of developing infrastructural facilities and also provides merchantbanking services.

3. Stock Holding Corporation of India Ltd. (SHCIL) It provides clearinghouse, safe custody and transfer register facilities to assist speedier transferof securities.

4. Canfin Homes Ltd.It provides finance to individuals for constructionand purchase of houses and flats, major renovation of existing houses andfinancing of public sector housing schemes.

5. Technology Development and Information Company of India Ltd.(TDICI)It provides capital, financial, techno-managerial guidance and

information services to indigenous and high tech ventures.

6. Tourism Finance Corporation of India (TFCI) seeks to meet the risingfinancial needs of the tourism industry.

7. Over the Counter Exchange of India (OTCEI)to provide listingfacility to new and small issues at low cost.

8. UTI Bank Limited With the objective of providing banking services toUTI and the Unit-holders and to enable customers to avail efficient andquality service that meet his specific needs, UTI became the first to launch

the Bank named UTI Bank Ltd.In private sector after the deregulating inthe banking sector which commenced its operations from April 2, 1994. Ithas its registered office at Ahmedabad and has 7 branches at present. Thebank uses the latest information technology and telecommunications.

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9. UTI Investor Services Limited (UTI ISL) The Trust has set up asubsidiary in 1993 for computer services named Unit Trust of IndiaInvestor Services Limited to provide speedier and efficient service to the

unit-holder. The subsidiary is operating from the four metropolitan citiesand its registered office is at Mumbai. UTI-ISL has since successfullyhandled 4 of UTIs schemes viz. Growing corpus and Growing Income Plan& Grihalakshmi, Monthly Income Plan 95 and would be handling moreschemes in the coming years.

10.UTI Securities Exchange Ltd. (UTI, SEL) the trust has set up a subsidiarynamed UTI SEL to act as broking house in primary and secondary markets.This is a high tech company and offers fair, transparent and efficient servicesto suit investors requirements. Its registered office is at Mumbai.