IFC is making plans to make an investment of Rs 50 crore in Bangalore-based Ujjivan Financial Services Limited to get hold of minority equity stake.

The proposed project intends to assist Ujjivan fund its growth and accomplish strategic & operational alteration with the aim to tackle the modified regulatory and biz atmosphere, and meet up its authoritarian capital adequacy needs for the next 3-5 years.

Recently, Ujjivan Financial lifted up $25.5 million by diluting a minority equity stake in its latest round of PE funding.

In a report, the company stated that Netherlands Development Finance Company, Wolfensohn Capital Partners and subsisting investors took part in this round of fund lifting.

During January 2012, Ujjivan lifted up Rs 29 crore by placing NCDs with US based Developing World Markets.

Incorporated in the year 2004 as a NBFC, Ujjivan Financial Services expands loans to the urban and semi-urban poor, and directs salaried as well as self-employed females.

Promoted by Mr. Samit Ghosh, the entity accompanies a model in which clients are devised into joint-liability sets.

It runs via 299 divisions in 20 Indian states.

Ujjivan functions in urban and semi urban regions and has around 3,800 people.

It has around 1.1 million members and a loan group of around $140 million equivalent.

Private Equity Investors in Ujjivan Financial Services include Unitus Equity Fund (UEF), Bellwether Microfinance Fund, Michael & Susan Dell Foundation, A.W. Holdings, Sequoia Capital, Lok Capital, Elevar Equity, India Financial Inclusion Fund and SIDBI.