Usha Financial Services SME IPO Details 2026

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 Electric Vehicle (EV) financing services. 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 four banks and 15 NBFCs.

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
• The company has strategic agreements with NBFCs and other entities, its 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.