Usha Financial Services Limited has raised Rs 200 million through Non-Convertible Debentures (NCDs) ahead of its Initial Public Offering (IPO) slated for October, marking another milestone in the company’s financial growth. Since its inception, UFSL has secured over Rs 1,000 million in funds from around 370 investors, reflecting the organisation’s robust performance and growth potential.
The recent capital infusion will enable UFSL to further accelerate its operations and pursue ambitious targets. The company has set an aim to achieve an Asset Under Management (AUM) of Rs 5,500 million by March 2025, building upon the Rs 3,060 million AUM it reported in March 2024.
Speaking in this regard, Geeta Goswami, Co-Founder and Chief Executive Officer (CEO), UFSL said, “This reflects the trust our investors have in our business model and growth plans.”
She also said that the additional capital will enable the company to expand its service offerings, which will be critical in meeting its 2025 AUM target. She also underscored UFSL’s long-standing commitment to financial inclusion, highlighting its diverse portfolio, including micro-finance, green financing and affordable housing solutions, as key pillars of its mission to promote sustainable economic growth.
The forthcoming IPO, which UFSL is planning to launch soon, is expected to further enhance the company’s position in the market.
In addition to the capital-raising efforts, UFSL continues to focus on its growth strategy by building a broad and diverse portfolio. This includes Micro, Small and Medium Enterprises (MSME) financing, consumer finance and affordable housing initiatives, areas where the company has already established a strong foothold.
As the company prepares for its IPO and continues to grow its operations, its focus remains on building a solid financial foundation, expanding its customer base and promoting financial inclusion and sustainability.
With the latest NCD issuance and the upcoming IPO, UFSL is well-positioned to continue its upward trajectory in India’s financial landscape, leveraging its robust portfolio to drive further success in the market.