Utkarsh Coreinvest Unlisted Shares
Utkarsh Coreinvest Ltd.
INE396P01012
Incorporation Date: 15-May-1990
Listing Status: DRHP Not Filed
About Utkarsh Coreinvest Unlisted Shares
Overview of Utkarsh Coreinvest Unlisted Shares
🏢 Company Overview
- Corporate Evolution: Started operations in 2009 as a microfinance institution (NBFC-MFI) providing Joint Liability Group (JLG) loans in rural and semi-urban India. Following the receipt of an In-Principle SFB License from the RBI in 2015–2016, Utkarsh transferred its entire microfinance business to its newly created subsidiary, Utkarsh Small Finance Bank Limited, and transitioned itself into a non-operating Core Investment Company.
- Primary Asset: Acts as a passive holding entity whose primary asset value is derived from holding a majority controlling stake (~69%) in Utkarsh Small Finance Bank Limited.
- Promoter & Institutional Backing: Backed by a diverse set of marquee domestic and international impact investors, including British International Investment (BII), Faering Capital, NMI Frontier Fund, RBL Bank, SIDBI, and Lok Capital.
⚙️ Business Model & Value Architecture
- Dividend & Investment Income: Revenue at the holding company level is non-operational, generated primarily through dividend distributions from Utkarsh Small Finance Bank, capital gains on investment realizations, and interest on surplus funds.
- Underlying Operational Engine (Utkarsh Small Finance Bank):
- Micro-Banking & JLG Lending: Core volume driver providing collateral-free group loans to women entrepreneurs.
- Retail & MSME Lending: Offers secured business loans, affordable housing finance, commercial vehicle/construction equipment finance, and personal loans.
- Deposit Mobilization: Operates 880+ banking outlets mobilizing savings accounts, current accounts, and fixed deposits across North and Central India (with heavy focus in Bihar and Uttar Pradesh).
👥 Management Structure
- Shri Govind Singh: Founder & Key Promoter Leader (pioneered Utkarsh's transition from an MFI to a Small Finance Bank).
- Shri Ashwani Kumar: Managing Director & Chief Executive Officer (MD & CEO).
- Shri G. S. Sundararajan: Independent Director & Chairman of the Board.
- Board Composition: Features independent financial veterans, institutional investor nominees (BII, Faering Capital, etc.), and regulatory compliance experts overseeing audit, risk, and capital allocation.
📊 Ownership & Holding Pattern
| Investor Group / Institution | Key Ownership Highlights |
| British International Investment (BII) | Leading international development finance institution investor. |
| RBL Bank Limited | Strategic domestic banking partner holding a equity stake. |
| NMI Frontier Fund & Faering Capital | Institutional equity partners supporting SFB capitalization. |
| Public & Other Private Investors | Balance equity held across family offices, HNIs, and employee welfare trusts. |
Insights of Utkarsh Coreinvest Unlisted Shares
Utkarsh CoreInvest Ltd. – Financial & Operational Analysis
Consolidated Financial Snapshot (FY25 – FY26)
| Metric (in ₹ Cr.) | FY25 | FY26 | YoY Growth (%) | Margin FY25 (%) | Margin FY26 (%) |
| Net Revenue | 3,889.41 | 3,674.90 | -5.52% | — | — |
| EBITDA | 1,294.40 | 962.61 | -25.63% | 33.28% | 26.19% |
| Profit Before Tax (PBT) | -555.46 | -1,089.23 | Loss Expanded | -14.28% | -29.64% |
| Profit After Tax (PAT) | -422.30 | -838.35 | Loss Expanded | -10.86% | -22.81% |
Key Company Developments
- Holding Company Structure: Utkarsh CoreInvest Limited (formerly Utkarsh Micro Finance Limited) operates primarily as the promoter and Core Investment Company (CIC) for its operational subsidiary, Utkarsh Small Finance Bank Limited.
- Impending Reverse Merger: A major strategic development for the company is its proposed amalgamation with Utkarsh Small Finance Bank. The company has filed the necessary applications with the National Company Law Tribunal (NCLT) to execute this merger, a move aimed at streamlining the corporate structure.
- Earnings Contraction & Debt Burden: The company experienced a significant expansion in its net losses during FY26. This bottom-line pressure was heavily driven by a massive surge in finance costs, which escalated from ₹1,714.39 Cr in FY25 to ₹1,914.16 Cr in FY26, entirely wiping out its operating profits.
- Operational Pivot: Having started as a grassroots microfinance institution utilizing the Joint Liability Group (JLG) model in 2009, the entity successfully transitioned its active lending portfolio into the Small Finance Bank subsidiary, shifting its focus entirely to governance and investment holding.
Industry Insights & Trends
- Regulatory-Driven Consolidations: The Reserve Bank of India (RBI) mandates that promoter holding companies of Small Finance Banks must eventually dilute their stakes or merge with the operational bank after the initial regulatory lock-in period. This is driving a wave of reverse mergers across the Indian SFB sector.
- Elevated Cost of Funds: Core Investment Companies (CICs) in the financial sector are currently facing severe margin compression. An elevated interest rate environment significantly increases the debt-servicing burden for holding companies that rely on borrowed capital.
- Microfinance Sector Headwinds: Small Finance Banks with heavy exposure to unsecured microfinance portfolios are navigating a challenging cycle marked by localized collection stress and the need for higher provisioning, which consequently impacts the upstream profitability and dividend yields for their promoter holding entities.
Financial Charts of Utkarsh Coreinvest Unlisted Shares
Balance Sheet of Utkarsh Coreinvest Unlisted Shares
Profit and Loss of Utkarsh Coreinvest Unlisted Shares
Ancillary of Utkarsh Coreinvest Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Utkarsh Coreinvest Unlisted Shares
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How to buy Utkarsh Coreinvest Ltd.?
Below are three ways through which you can purchase Utkarsh Coreinvest Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Utkarsh Coreinvest Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Utkarsh Coreinvest Ltd.?
Below are three ways through which you can sell Utkarsh Coreinvest Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Utkarsh Coreinvest Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Utkarsh Coreinvest Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for Utkarsh Coreinvest Ltd. is ₹119 and your sell price for Utkarsh Coreinvest Ltd. is ₹60. The price is based on our estimates and market conditions.
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What is the lock-in period of Utkarsh Coreinvest Ltd.?
The lock-in period for Utkarsh Coreinvest Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Utkarsh Coreinvest Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Utkarsh Coreinvest Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Utkarsh Coreinvest Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Utkarsh Coreinvest Ltd.. The price is also determined from the most recent funding round for Utkarsh Coreinvest Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Utkarsh Coreinvest Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Utkarsh Coreinvest Ltd. with us kindly click here.
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What are the financials of Utkarsh Coreinvest Ltd.?
The financials of Utkarsh Coreinvest Ltd. which includes the P/L of Utkarsh Coreinvest Ltd. and the Balance Sheet of Utkarsh Coreinvest Ltd. is in the financials section (Click on link).
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Where can I find the annual report of Utkarsh Coreinvest Ltd.?
The annual report of Utkarsh Coreinvest Ltd. is available in the annual report section (Click on link).
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Is buying Utkarsh Coreinvest Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Utkarsh Coreinvest Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Utkarsh Coreinvest Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Utkarsh Coreinvest Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Utkarsh Coreinvest Ltd.?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Utkarsh Coreinvest Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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