Area of Operation
The target geography for Utkarsh's services will be the Northern and Central belt, which covers a vast,
untapped market where a small number of MFIs have successfully begun operations. It started its operations
in August 2009 with four branches, two urban and two rural branches in Varanasi district and subsequently it
has expanded to Fourty Five other districts. The company operates from 166 branches in these Fourty Six districts
as on 30th June, 2014.
In 2011-12, the company expanded its operations in Bihar and in FY 2012-13, the company started operations in
Uttarakhand, Madhya Pradesh, Delhi, besides penetrating deeper in Bihar. In FY 2013-14, the company further
expanded to Haryana, Maharashtra & Himachal Pradesh. The company plans to penetrate deeper in Bihar, Maharashtra
and Madhya Pradesh in FY 14-15
District wise coverage of the company as on 30th June 2014 is as follows:
Uttar Pradesh-- Allahabad, Azamgarh, Ballia, Chandauli, Deoria, Ghazipur,Gorakhpur, Jaunpur ,Kaushambi, Kushinagar, Mirzapur, Maharajganj, Saharanpur,
Sant Ravidas Nagar , SRN Bhadohi , Sultanpur & Varanasi.
Bihar-- Bhojpur, Buxar, Gopalganj, Kaimur , Patna, Rohtas, Saran, Siwan, Poorvi Champaran, Pashchim Champaran, Aurangabad, Gaya, Muzaffarpur.
Madhya Pradesh-- Jabalpur, Katni, Rewa & Satna
Uttarakhand-- Dehradun & Haridwar
Delhi-- North Delhi, North East Delhi, North West Delhi, West Delhi, East Delhi & South Delhi.
Himachal Pradesh-- Sirmour.
Maharastra-- Nagpur, Yavatmal.