Usha Financial raised $10 Million in the Second Quarter of FY 2022-23

Mr. Rajesh Gupta founded Usha Financial in 2016-17.

Usha Financial, 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 positively impacted Assets under management (AUM), which now stands 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 is 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.”

“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. Geeta Goswami, Co-founder & Director of Usha Financial, 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 assist capital development in the agricultural and dairy industries and greatly encourage farmers and rural MSMEs to contribute to GDP and employment.”

Ms. Goswami also stated

About 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 company’s vision is to become India’s leading financial service provider, focusing 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).

This article was shared with Prittle Prattle News as a Press Release.

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