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 Thirty One other districts. The company
operates from 130 branches in these Thirty Two districts as on 28th Feb, 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 plans to further expand its operations in the
existing states namely, Uttar Pradesh, Bihar, Uttarakhand , Madhya Pradesh & Himachal Pradesh.
District wise coverage of the company as on 28th Feb is as follows:
Uttar Pradesh-- Allahabad, Azamgarh, Ballia, Chandauli, Deoria, Ghazipur,Gorakhpur, Jaunpur ,Kaushambi, Kushinagar, Mirzapur, Saharanpur,
Sant Ravidas Nagar ( Bhadohi), Sultanpur & Varanasi.
Bihar-- Bhojpur, Buxar, Gopalganj, Kaimur , Patna, Rohtas, Saran, Siwan.
Madhya Pradesh-- Rewa & Satna
Uttarakhand-- Dehradun & Haridwar
Delhi-- Shahdara, North Delhi, West Delhi & East Delhi.
Himachal Pradesh-- Sirmour.