Ujjivan Financial Services Private Limited (now UFSL) was incorporated. The MoA and AoA of the Company were put in place and the initial board was formed.

Ujjivan Financial Services Limited (UFSL) started operations as a Non-Banking Financial Company (NBFC) in Bengaluru.

UFSL posted profits even in the wake of the MFI crisis.

UFSL was granted NBFC–MFI status by the RBI.

UFSL became the largest Micro-Finance institution spread over 24 states and 273 districts across India.

• Ujjivan Financial Services Limited (UFSL) received SFB license from the RBI.
• Pre-IPO of ₹ 292 Crores, followed by an IPO of ₹ 883 Crores, including an Offer for Sale (OFS) of UFSL.

• Ujjivan SFB commenced banking operations. Handheld devices were launched in the field, thus harnessing the power of technology.
• UFSL transferred its business undertaking to Ujjivan SFB on January 31, 2017.

Ujjivan Small Finance Bank (USFB) IPO was oversubscribed 170 times, becoming the most successful IPO in 2019 and the Best BFSI IPO in the last 4 years.

Expanded the network to 575 banking branches, and the customer base grew to over 54 Lakhs.

Ujjivan SFB recorded the highest growth in deposits and loan portfolio.

• Commenced operations in Telangana.
• Launched India’s 1st Voice-Visual-Vernacular banking app - Hello Ujjivan.
• Achieved ₹ 1,100 Crores net profit for FY 2022-23.