Ujjivan Financial Services Limited (UFSL) was incorporated in 2004 as a Non-Banking Financial Company (NBFC) with a mission to provide financial services to the economically active poor who are not adequately served by traditional financial institutions. It was a leading microfinance institution in India. In 2017, it launched its subsidiary, Ujjivan Small Finance Bank (USFB), after receiving a license from the Reserve Bank of India. UFSL then acted as the holding company for the bank. Following regulatory requirements and a strategic decision to simplify the corporate structure, UFSL underwent a reverse merger and was amalgamated with Ujjivan Small Finance Bank, with the merger becoming effective on February 1, 2024. The combined entity now operates solely as Ujjivan Small Finance Bank.

Founded in

India