Ujjivan Financial Services

Founded in 2006

Initial investment in 2006, 2008


'Ujjivan is a Small Finance Bank that operates in urban and semi-urban areas and provides a range of financial services to underserved individuals and businesses in low income communities'

Company overview

Launched in 2006 as the first urban focused microfinance institution (MFI) in India, Ujjivan has expanded its operations to build a national presence serving millions of low income customers. Ujjivan’s accomplished management team has successfully combined microfinance methodologies with the technologies and efficiencies of modern retail banking. Ujjivan has built an institution that is best in class in all aspects: customer service, community involvement, innovation, leadership, and reputation. Today, Ujjivan operates as a Small Finance Bank offering a range of products and services such as savings accounts, fixed deposits, micro Loans, home and business loans and more.

Community served

Ujjivan’s customers are economically active and industrious individuals/groups and micro and small enterprises in India’s urban and semi-urban areas. Due to lack of a formal income these individuals and micro and small businesses are not adequately served by financial institutions and often end up paying high interest rates to the local money lender.

It is estimated that the remaining global microfinance market opportunity is $320 billion.


Samit Ghosh, Founder and CEO, has more than three decades of international banking experience as part of the senior leadership at Citibank India, Standard Chartered, Bank Muscat, and HDFC before founding Ujjivan. He is a leading, senior voice in Indian microfinance and was the President of the Microfinance Institutions Network in India and the Chairman of the Association of Karnataka Microfinance Institutions.