Usha Financial Raised $10 Mn in the Second Quarter of FY 2022-23

Company’s AUM standing at 225 Crores by the end of 1st Half of the FY 2022-23

Usha Financial, an emerging financial service company in India achieved this feat through a combination of equity & debt.

This had a positive impact on Assets under management (AUM) which is now standing at Rs. 225 crores at the end of 1st half of FY 2022-23. The company's Asset under Management (AUM) was at 151.63 Crores in March which has now grown by over 32 percent.

"As a prominent financial institution, we manage a varied portfolio that includes loans for MSME, Agriculture, home sanitization, and EV Sector. Recently under the EV sector Company has disbursed over 20 crores. This is in alignment with the company’s idea of supporting green through financing these sectors. This sector will have a major stake in the vehicle industry because of the government support in developing the infrastructure and continuous improvement in the Electric Vehicle.”

Ms. Geeta Goswami, Co-founder & Director, of Usha Financial stated "This year, our AUM target is Rs. 350 crores. Post-COVID we are growing cautiously but significantly, we are already a well-known and emerging name in the financial services sector; the company is experiencing rapid growth and has a long-term goal of providing excellent customer service and quality.

Ms. Goswami also stated “We are looking forward to associating with more and more people in tier-2 and tier-3 cities to launch their dream businesses and provide for their families by offering business loans at a reasonable interest rate. We have seen higher interest rates might discourage some people from starting their businesses; reasonable interest rates encourage them to move forward to not only assist capital development in the agricultural and dairy industries, but also greatly encourage farmers and rural MSMEs to contribute to GDP and employment.

About Usha Financial

Usha Financial
Mr. Rajesh Gupta founded Usha Financial in 2016-17. Usha Financial has a diverse product portfolio that includes loans for individuals and entrepreneurs, MSME loans, and small and microloans. The vision of the company is to become India's leading financial service provider, with a focus on customer satisfaction and quality assurance. Usha Financial has been driven by one single, deliberate goal since the inception of the company: investing in the smallest dream. Usha Financial has achieved 225 crores of valued Assets under Management (AUM).

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