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 Ninty Seven other districts. The company operates from 342(321 JLG, 21 Micro Enterprize Loan and Housing Loan business is being operated from MEL branches )branches in these Ninty Eight districts
as on 31st March, 2016.
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 & Jharkhand. The company plans to penetrate deeper in Bihar, Maharashtra
and Madhya Pradesh in FY 15-16
District wise coverage of the company as on 31st March 2016 is as follows:
Uttar Pradesh-- Allahabad, Ambedkar Nagar, Azamgarh, Ballia, Basti, Chandauli, Chitrakoot, Deoria, Faizabad, Ghazipur, Gorakhpur, Jaunpur ,Kaushambi, Kushinagar, Maharajganj, Mirzapur, Pratapgarh, Saharanpur,
Sant Kabir Nagar, Siddharthnagar, Sonbhadra, SRN Bhadohi, Sultanpur & Varanasi.
Bihar-- Aurangabad, Banka, Begusarai, Bhagalpur, Bhojpur, Buxar, Darbhanga, Gaya, Gopalganj, Jamui, Kaimur, Khagaria, Lakhisarai, Munger, Muzaffarpur, Nalanda, Nawada, Pashchim Champaran, Patna, Poorvi Champaran, Rohtas, Samastipur, Saran, Shekhpura, Siwan & Vaishali.
Madhya Pradesh-- Anuppur, Betul, Chhindwara, Jabalpur, Katni, Mandla, Narsinghpur, Rewa, Satna, Seoni & Shahdol.
Uttarakhand-- Dehradun, Haridwar, Nainital & Udham Singh Nagar.
Delhi-- East Delhi, North Delhi, North East Delhi, North West Delhi, South Delhi & West Delhi.
Himachal Pradesh-- Sirmour.
Haryana-- Ambala, Faridabad, Jhajjar, Kaithal, Karnal, Kurukshetra, Palwal, Sonipat & Yamuna Nagar.
Maharastra-- Akola, Amrawati, Bhandara, Nagpur, Wardha, Washim & Yavatmal.
Jharkhand-- East Singhbhum, Giridih, Hazaribagh, Kharsawan, Ramgarh, Ranchi & West Singhbhum.