{"id":48680,"date":"2024-10-24T13:56:35","date_gmt":"2024-10-24T08:26:35","guid":{"rendered":"https:\/\/northwestnewstimes.com\/index.php\/2024\/10\/24\/usha-financial-services-limited-announces-ipo-to-fuel-growth-in-indias-financial-sector\/"},"modified":"2024-10-24T13:56:35","modified_gmt":"2024-10-24T08:26:35","slug":"usha-financial-services-limited-announces-ipo-to-fuel-growth-in-indias-financial-sector","status":"publish","type":"post","link":"https:\/\/northwestnewstimes.com\/index.php\/2024\/10\/24\/usha-financial-services-limited-announces-ipo-to-fuel-growth-in-indias-financial-sector\/","title":{"rendered":"Usha Financial Services Limited Announces IPO to Fuel Growth in India\u2019s Financial Sector"},"content":{"rendered":"<div>\n<div>\n<p><strong>New Delhi [India], October 24:\u00a0 <\/strong><strong>Usha Financial Services Limited (UFSL)<\/strong>, a leading RBI registered\u00a0<strong>Non-Banking Financial Company<\/strong>\u00a0(NBFC), is gearing up for its much-awaited Initial Public Offering (<strong>IPO<\/strong>). This marks a significant milestone in the company\u2019s efforts to expand its services in\u00a0 <strong>MSME lending, green finance<\/strong>, and<strong>\u00a0empowerment of underprivileged communities<\/strong>\u00a0across India.<\/p>\n<p>UFSL\u2019s IPO will enable the company to augment its capital base and strengthen its ability to provide innovative financial solutions to over\u00a0<strong>20,000 customers across 18 states and 280 Districts<\/strong>, including\u00a0<strong>Delhi NCR, Rajasthan, Uttar Pradesh, Tamil Nadu\u00a0<\/strong>and others. This strategic move will strengthen the company\u2019s leadership in<strong>\u00a0green finance<\/strong>, particularly\u00a0<strong>electric vehicle (EV) financing<\/strong>, a key pillar of its growth strategy.<\/p>\n<p><strong>Geeta Goswami, CEO of Usha Financial<\/strong>, commented on the upcoming IPO, \u201cThe IPO will enable UFSL to further its goal of bridging financial gaps and empowering small businesses, entrepreneurs, and sustainable initiatives. The proceeds will allow us to scale our operations, expand our geographical footprint, and enhance our client-centric services in key markets.<\/p>\n<p>The company has demonstrated robust growth with a current\u00a0<strong>asset under management (AUM)<\/strong>\u00a0of over<strong> Rs.320 crore with a net owned fund of Rs.110 Crore Approx.\u00a0<\/strong> and a solid commitment to women entrepreneurs, with <strong>70% Approx.<\/strong>\u00a0of its clients being\u00a0<strong>women-led businesses<\/strong>.<\/p>\n<p>The IPO will strengthen UFSL\u2019s leadership, enhancing financial inclusion and sustainable growth by utilising innovative solutions like EV financing and supporting women entrepreneurs.<\/p>\n<p><strong>About Usha Financial Services Limited (UFSL):<\/strong><\/p>\n<p>Founded in 2016, UFSL is a dynamic NBFC dedicated to providing customised financial solutions to MSMEs, agriculture entrepreneurs, and green financing initiatives. Headquartered in Delhi, the company serves a broad client base across India and is committed to supporting sustainable economic growth and financial inclusion.<\/p>\n<p><em> If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi [India], October 24:\u00a0 Usha Financial Services Limited (UFSL), a leading RBI registered\u00a0Non-Banking Financial Company\u00a0(NBFC), is gearing up for its much-awaited Initial Public Offering (IPO). This marks a significant milestone in the company\u2019s efforts to expand its services in\u00a0 MSME lending, green finance, and\u00a0empowerment of underprivileged communities\u00a0across India. UFSL\u2019s IPO will enable the company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":48681,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1343],"class_list":["post-48680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/48680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=48680"}],"version-history":[{"count":0,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/48680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media\/48681"}],"wp:attachment":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=48680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=48680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=48680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}