Ujjivan Financial Services Ltd
Ujjivan Financial Services Ltd (UJJIVAN)

Ujjivan Financial Services Ltd (UJJIVAN)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return4.56 %
3 Month Return43.21 %
1 Year Return31.53 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 161
Rank 104
Rank 83
Dividend Yield
Rank 112
Rank 695
Price To Book Ratio
Rank 162
Debt To Asset
Rank 41

Company Information

Ujjivan Financial Services Limited UFSL is a Limited Company domiciled in India and incorporated under the provisions of the Companies Act 1956. The Company was registered as NBFCMFI under NonBanking Financial Company Micro Finance Institutions NBFCMFIs directions on September 05 2013. The Company received approval from Reserve Bank of India RBI to set up a Small Finance Bank. Pursuant to the same the company executed an agreement to transfer its Business undertaking to its wholly owned subsidiary Ujjivan Small Finance Bank Limited the Bank. The bank commenced operations w.e.f 1st February 2017 on which date UFSL ceased to operate as a micro finance company. Pursuant to this change UFSL surrendered its NBFC MFI license and received approval and certificate of registration as NBFCNDSICIC Core Investment Company from the RBI on October 10 2017. Ujjivan Financial Services was one of the largest microfinance institutions in the country before it transferred its business undertaking to Ujjivan Small Finance Bank Limited.Ujjivans business is primarily based on the joint liability group lending model for providing collateral free small ticketsize loans to economically active poor women. The company also offers individual loans to Micro Small Enterprises MSEs. Ujjivan has adopted an integrated approach to lending which combines a high customer touchpoint typical of microfinance with the technology infrastructure and related backend support functions similar to that of a retail bank. This integrated approach has enabled it to manage increasing business volumes and optimize overall efficiencies.Ujjivan offers a diverse range of loan products to cater to the specific requirements of the companies customers. The companys products can be classified under two broad categories namely Group Loans and Individual Loans. Depending upon the end use these products can be further subdivided into agricultural education home improvement and home purchase and livestock loans. The Company was originally incorporated as Ujjivan Financial Services Private Limited on December 28 2004 at Bengaluru Karnataka India as a private limited company under the Companies Act 1956. Pursuant to a certificate issued by the Reserve Bank of India RBI on October 31 2005 the Company was permitted to commence operations as a nonbanking financial company NBFC under section 45 IA of the Reserve Bank of India Act 1934. Ujjivan started operations as an NBFC in 2005 with the mission of providing a full range of financial services to the economically active poor who are not adequately served by financial institutions.Since financial year 200809 the Company has been classified as a systemically important nondeposit accepting NBFC. Pursuant to the RBI introduction of a new category of NBFCMicro Finance Institution the company was granted NBFCMicrofinance Institution NBFCMFI status by the RBI on September 5 2013. On October 7 2015 Ujjivan received an inprinciple approval from the RBI to set up a small finance bank SFB. The company was converted into a public limited company pursuant to a special resolution passed by its shareholders at the extraordinary general meeting EGM held on November 3 2015 and the name of the company was changed to Ujjivan Financial Services Limited. A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the Registrar of Companies Bangalore Karnataka ROC on November 26 2015. Subsequently a fresh certificate of NBFCMFI registration consequent upon the change of name of the Company was issued by the RBI on March 4 2016. Ujjivan Financial Services came out with its Initial public offer IPO of 42023609 equity shares of face value of Rs. 10 each for cash at a price of Rs. 210 per equity share including a share premium of Rs. 200 per equity share aggregating to Rs. 882.50 Crore comprising a fresh issue of 17055277 equity shares aggregating to Rs. 358.16 Crore by the company fresh issue and an offer for sale of 24968332 equity shares aggregating to Rs. 524.34 Crore by 8 selling shareholders. The Companys equity shares got listed on NSE and BSE on May 10 2016. The objects of the IPO inter alia was to augment the capital base of the company and to meet the future capital requirements of the company arising out of growth of the companys assets primarily the companys loans and advances and other investments. Further the company intended to reduce its foreign shareholding in accordance with the requirements of the RBI inprinciple approval to set up the small finance bank SFB.The Company was converted from an NBFCMFI to NBFCNon Deposit taking Systematically Important Core Investment Company NBFCNDSICIC and received a fresh certificate of registration dated October 10 2017 from the RBI the conversion was done pursuant to the conditions prescribed by the RBI in their license letter dated November 11 2016 for setting up a Small Finance Bank.Ujjivan Small Finance Bank Limited the wholly owned subsidiary of the Company which commenced its small finance bank operations in February 2017 has been included in the Second Schedule to the Reserve Bank of India Act 1934 vide Official Gazette Notification on August 25 2017. This has granted the Scheduled Bank status to Ujjivan Small Finance Bank Limited from the date of the notification.During the financial year ended 31 March 2017 Ujjivan Financial Services opened 4 new branches in the year 2 each in South and East and merged 32 branches for operational efficiency taking the tally to 457 branches. After the launch of banking operations on 6 February 2017 Ujjivan Small Finance Bank had 15 live branches operational as of March 31 2017FY 201718 has been a fruitful year for Ujjivan Financial Services proving its resilience despite all challenges to overcome the huge impact of demonetization and at the same time systematically undertake the transformation to a Small Finance Bank.During the financial year ended 31 March 2018 Ujjivan Financial Services wholly owned subsidiary Ujjivan Small Finance Bank Limited USFB successfully emerged from shadows of demonetization stabilized its business stabilized portfolio quality and contained credit cost. During the year under review the company repaid majority of legacy borrowing and reduced cost of funds from 10.4 to 9. During the year under review USFB rolled out 187 banking outlets including 47 in Unbanked Rural Centres URCs. During the year under review USFB expanded its non microfinance business viz. lending to Micro And Small Enterprises MSE and housing finance. During the year under review USFB improved backend efficiencies and productivity.
OrganisationUjjivan Financial Services Ltd