1.Company Information

Incorporated in May 1995, Usha Financial Services Limited is a non-banking finance company providing lending solutions to other NBFCs, corporates, MSMEs, and individuals, particularly women entrepreneurs.
The company also provides services for Electric Vehicle (EV) financing. It offers a diversified range of financial products to individuals, body corporates, NBFCs, and MSMEs.
The company has an AUM of Rs. 30,695.76 Lakhs and a Net worth of Rs. 10,602.63 Lakhs. It maintains a CRAR of 33.03% and a D/E Ratio of 1.71.
The company has maintained long-term relationships with its lenders. As of September 30, 2024, the company's lenders included 4 banks and 15 NBFCs, among others.
The company utilizes two distinct business models to generate revenue: (A) Retail Lending and (B) Wholesale Lending.

The product portfolio of the company consists of the following

Loans to Other NBFCs and Corporates
Green financing/ electric vehicle financing
MSMEs, focusing on small entrepreneurs

Competitive Strength

Experienced management team
We have strategic agreements with NBFCs and other entities, the company's business partners/correspondents, which are crucial for its retail lending business, providing access to extensive borrower networks.
The extensive customer due diligence procedures include multiple levels of checks and controls.
As of October 2024, the company had 43 employees.

2. Objects of the Issue

The Company intends to utilize the Net Proceeds for the following objects:
1. Augment the capital base of the Company
2. General Corporate Purposes.

3.Usha Financial Services SME IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php