Page 26 - Demo

From the MD & CEO’s Desk
progressing with purpose
We are well suited to cater to the needs of the consistently expanding aspiring middle-class population of India. We are now a one-stop destination for financial services, delivering quality products and solutions, offering personalised customer experience to a diversified customer base.
`350 crores PAT grew 76% to FY 2019-20 vis-à-vis
`199 Crores in FY 2018-19.
`14,153 crores Strong growth in gross advances by 28%
vis-à-vis ₹11,049 Crores in Fy 2018-19.
deaR ShaRehoLdeRS,
I am honoured to be a part of the Ujjivan family, which commenced its journey as a microfinance institution 15 years ago, and gradually forayed into banking operations with unwavering focus on creating a portfolio-rich, well- capitalised mass market bank with a pan-India outreach.
With a deep sense of responsibility, I accept the baton from Mr. Ghosh, our acclaimed founder. He
founded Ujjivan Financial Services, a microfinance venture, in 2005, with the dream of creating a financial institution that serves the economically active and unbanked
24 | AnnuAl RepoRt 2019-20