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 eight other districts. The company operates from 177 branches in these Fourty Nine districts
as on 31st July, 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 31st July 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 & Udham Singh Nagar
Delhi-- North Delhi, North East Delhi, North West Delhi, West Delhi, East Delhi & South Delhi.
Himachal Pradesh-- Sirmour.
Haryana-- Faridabad & Palwal.
Maharastra-- Nagpur, Yavatmal.