Usha Financial Services has set a target of achieving Assets Under Management (AUM) of Rs 5,500 million by March 2025. This announcement follows the company’s strong performance in the previous financial year, where it recorded an AUM of Rs 3,060 million as of March 2024, reflecting robust growth.
Geeta Goswami, CEO, Usha FInancial Services, said, “We are thrilled with the growth trajectory it has experienced in recent quarters and are confident in our ability to achieve the targeted AUM by March 2025. The upcoming IPO launch will further strengthen our market position and enhance our ability to better serve our customers.”
In the current fiscal year, it continues to make substantial progress, driven by strategic initiatives and a diversified product portfolio. The company’s offerings span a wide range of sectors, including Micro, Small and Medium Enterprises (MSMEs) financing, consumer finance, vehicle finance, affordable housing finance, agricultural finance and green finance. These diversified products have been instrumental in its sustained growth.
Adding to its expansion plans, Usha Financial Services is gearing up to launch its Initial Public Offering (IPO) later this year. The move highlights the company’s confidence in its growth prospects and commitment to delivering innovative financial solutions to its expanding customer base.
As part of its strategy to reach a broader audience, it has embraced a multi-channel approach, focusing on green financing, MSME and SME loans, agriculture loans and home improvement loans.
The company currently serves approximately 25,000 customers and plans to double its customer base to 50,000 by March 2025.
