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Our Awards

Ujjivan has consistently been recognized as a best in class institution, whether it is about providing customer centric services, a fulfilling career to its employees, social performance, transparency and innovations. Ujjivan was awarded the prestigious "Microfinance organization for the year" in 2011 and since 2009 it has always been recognized as 'Best Place to Work' in India- In the current year it has been ranked the '16th Best Place to Work in Asia' and also among the ' Top 100 innovative companies'. In 2010, Ujjivan was awarded the 'Gold Social Performance Reporting' as well as 'MFI Transparency 'awards.

2016

SKOCH AWARD

The Platinum Award is the highest independent honor given for Inclusive Insurance and was presented to Ujjivan after taking into consideration multiple factors, including the company's financial inclusion initiatives, exceptional customer service, insurance penetration and for covering the highest number of lives through insurance. The award assumes strategic significance for Ujjivan since penetrating into a segment (economically active poor women) hardly aware about insurance, its benefits or affordability is never an easy task. Ujjivan 's focus on Education (through its Common Group Training and Financial Literacy program, Assured Reach and Access, backed by a 100 % claim settlement ratio were the key factors instrumental for it winning this award.

Ujjivan was also awarded the SKOCH Order-of-Merit for qualifying amongst the Top 100 Projects in India. The Order-of-Merit award is bestowed on the top private and public organizations, recognizing them for their best practices and governance models towards efficient implementation of social programs and service deliveries.

3rd Best Place to Work For in India and #1 in Microfinance

For the past seven years, Ujjivan has been consistently ranked among the Top 25 Companies to Work For in India. This year, Ujjivan has once again emerged as a top Indian company across industries, among global giants including Google (1st Rank) and Amex (2nd Rank) by becoming the 3rd Best Place to Work in India as per the survey conducted by the Great Place to Work Institute in coordination with the Economic Times.

Ujjivan continues its successful track record as the #1 company in the MFI domain and excels as an organization, where employees perceive their work to be not just career investments but also, as an opportunity that helps them contribute to the society.

PR Council of India- Chanakya Awards 2016

Ujjivan received the PR Council of India- Chanakya Awards 2016 in the category- Corporate Citizen of the Year 2016 - for Outstanding contribution to the Profession, Industry and Society at the PRCI 10th Global Communication Conclave at Kolkata.

2015

Entrepreneur of the year

The Forbes India Leadership Awards (FILA) was held on the evening of September 30, 2015 at the Grand Hyatt hotel in Mumbai. The awards recognize and honor outstanding business leaders from a wide spectrum of Indian entrepreneurs.

Samit Ghosh won the Entrepreneur with Social Impact. This award was for "setting up an institution that provides financial access to approximately 2.6 million of India's Urban and Semi-urban working poor, a majority of them women", and for providing "financial services to the wither to unbanked population in rural areas

Ujjivan is consistently among the top 25 companies to work for in India & number 1 in microfinance.

Ujjivan has been ranked as one of the top 25 Best Companies to Work For, by Great Place To Work in India. Further, ranked as no. 1 in the MFI domain, Ujjivan's people practices create a sense of purpose in making a difference to the lives of their customers. Employees take pride in the work they do – for them, this is not just a job, but they perceive it as a long-term career investment. They see this as an opportunity to make a difference and contribute to the well – being of the society.

Ujjivan Awarded Innovator in Responsible Business Award by Inc. India Magazine

Inc. India launched the Innovative100 last year to identify and recognize innovative mid-sized companies in India. Much like last year, winning companies this year too are those that have demonstrated a fresh and smart approach of looking at business problems and providing fascinating case studies of managing and growing companies in India. – Ujjivan won it in responsible business category second year in a row.

Ujjivan -16th Best Place to Work in Asia
Ujjivan has been ranked the 16th Great Place to work in Asia and is proudly positioned 2ndamong the Indian companies. This for sure is another feather in the cap of our being in the 9thposition 2014 in India's Best Companies to Work For.
This is indeed a great moment for all UJJIVANITES who have made this possible. This achievement brings forth another great moment of rejoice as we accomplish yet another Milestone of serving over 2 million borrowers and Rs.3000+ crore of portfolio outstanding. This is only to reiterate the fact that in Ujjivan, winning is a habit. Kudos to team Ujjivan for making this happen.We hope that the future brings many more such accomplishments.

2014

Ujjivan recieves the Most Inspiring Workplace award in the NBFC sector
The Inspiring Work Places Awards 2014 in BFSI was organized by Banking Frontiers a monthly magazine published by Glocal Infomart Pvt Ltd. Launched in 2002. The awards types were :
  1. Best HR and Talent Practice
  2. Star HR Practitioner
  3. HR Technology
  4. Inspiring Place to Work
These awards were conferred for achievements in Public sector banks, Private banks, Insurance companies and NBFC's.
Ujjivan was awarded as the Most Inspiring Place to Work in the NBFC space.
Ujjivan ranked #9 in overall ,#2 in Financial Services Industry as Best Company to Work For.
It is a matter of pride for Ujjivan to get this recognition 2 years in a row. This year only 5 organizations managed to retain their position in Top 10(Underlined below) and only two of them are Indian Companies, and Ujjivan is one of them. Along with this Ujjivan has maintained its consistency in the financial services industry, as it continues to retain its 2nd position.
Read more about it on Economic Times:
http://articles.economictimes.indiatimes.com/2014-06-30/news/50974516_1_ujjivan-financial-samit-ghosh-microfinance

2013

Ujjivan Awarded Innovator in Responsible Business Award by Inc. India Magazine
Inc India*, flagship publication of 9.9 Media, recently announced its first list of India's 100 Most Innovative Mid-Sized Companies. There were total 10 categories: Innovation in Branding & Communication, Innovation in Technology, Innovation in Responsible Business, Innovation in Product, Innovation in Manufacturing, Innovation in Marketing, Innovation in People Practices, Innovation in Corporate Governance, Innovation in Supply Chain and Innovation in Smart Money. Ujjivan was adjudged winner under the "Innovation in Responsible Business" category.
Indu Ramchandraa Waydande
Ujjivan ranked #7 in overall ,#2 in Financial Services Industry as Best Company to Work For, #2 in Rewards & Recognition Practice,#3in Engaging the Field Force
It was a Proud event for Ujjivan Team to be Ranked 7th this year, among the India's Top 10 Best Employers to Work For in 2013. The CEO, Mr Samit Ghosh and the HR Team were felicitated in the award event on Friday, June 21, 2013 in Mumbai in the presence of over 60 CEOs and over 300 HR Chiefs.

Ujjivan Progress year-on-year:
Over the past 5 years, Ujjivan has progressed from the initial rank of being Best Employer in Microfinance Industry to being among the India's Top 25 Best Employers for the last 3 years consecutively.

Ujjivan vs the Top 50 Employers in India:
Ujjivan Trust Index Grand Mean has progressed from 80 in its first year of participation to 90 in 2013. Corresponding Index of India's Top 50 remained in the range of 82.
There is no individual dimension where Ujjivan has shown a negative trend year on year. Even in the lowest scores of Top 50 Best Employers, Ujjivan remained higher by over 10 index points, confirming its belief in its people practices.

Recognition of Best Practices:
Ujjivan has been progressing each year from being at 100th Rank overall to 7th Rank this year. Ujjivan also retained its position as 2nd Best in the Financial Services Industry. Other Special Category Awards that we received were:

  • 2nd Best in Rewards & Recognition Practice (after Intel)
  • 3rd Best in Engaging the Field Force;
Overall, Ujjivan believes that Happy Employees lead to Happy Customers. The repayment rate of 99.73% is a testimonial of its belief of building the right institution with the "Employee First, Customer Second" approach. It is the 'U', 'I' and 'V' that makes Ujjivan today.

Read more on Economic Times: http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/best-companies-to-work-for-2013-what-makes-ujjivan-financial-services-a-coveted-employer/articleshow/20727827.cms

2012

Ujjivan ranked 2nd in Financial Services industry among best companies to work for Ranked #3 in the leadership development
Ujjivan continued to be ranked among India's Best 25 Companies to Work for, across industry sectors. This year, it was also ranked #2 in the financial services industry. As recognition of its talent management policies, Ujjivan was also ranked 3rd in Leadership Development this year.
The 2012 survey was conducted across companies in India spanning various sectors and sizes, and including domestic players as well as MNCs. 514 companies met the strict eligibility criteria for the survey, which is based on best practices and employee feedback. A total of 80,000 employees across 21 sectors participated. The results give a first-hand feel of workplace culture from an employee perspective. The most essential measure of whether a company is a great workplace is whether employees say it is.
Top ranked companies in the survey were chosen based on criteria such as flexible working hours, fun at work, systematic career development, and work-life balance.

2011

Ujjivan wins Microfinance Organisation of the Year 2011 award
Ujjivan received the prestigious "Microfinance Organisation of the Year" award in the alrge institutions category. The award was presented at a special function organised at the Microfinance India Summit in Delhi.
The awards are an industry benchmark to recognise the contribution of notable thought leaders, promoters and institutions which helped to translate the vision of reaching the poorest in a sustainable manner into reality. It is based on evaluation of MFIs on a variety of parameters such as governance, portfolio quality, product innovation, credit plus services and social performance.
Ujjivan among India's top 25 best companies to work for Ranked #1 in the microfinance industry
For the second time, Ujjivan ranked #1 in the Microfinance Industry as the Best Company to Work for, in 2011. What's more, this year Ujjivan also ranked among India's Best 25 Companies to Work for, across industry sectors.
The 2011 survey was conducted based on best practices and employee feedback by the Great Place to Work® Institute (India), in collaboration with The Economic Times, across companies in India, spanning various sectors and sizes, and including domestic players as well as MNCs. 67,000 employees in nearly 500 companies across 20 sectors were surveyed. The results give a first-hand feel of workplace culture from an employee perspective.
Top ranked companies in the survey were chosen based on criteria such as flexible working hours, fun at work, systematic career development, and work-life balance.

2010

Ujjivan wins Gold Social Performance Reporting Award for the second year November 2010
Ujjivan was presented with the Gold Social Performance Reporting Award in 2010. This is the second consecutive year that we have won the award.
The Social Performance Reporting award is launched by CGAP, together with partners, Michael and Susan Dell Foundation, Ford Foundation, and the Social Performance Task Force (SPTF). Social Performance Management— the process of ensuring that an MFI acts in a socially responsible manner – is a critical factor in the measurement of the overall performance of an MFI. This award is a result of Ujjivan's continuing emphasis on social performance as part of its operations, despite the financial crisis in late 2010 in India.

Ujjivan wins MFI Transparency Award October 2010
Ujjivan won the Srijan MFI Transparency Award 2010 in the Established MFI category from among a host of other large MFIs from around the country.
The Srijan 2010 MFI Transparency Award, instituted by Intellecap and supported by an eminent jury of experts, recognizes initiatives and practices within MFIs that enable them to be transparent and eventually fairer to their clients. The award jury comprising eminent industry experts from banking and investment, evaluated MFIs on the following criteria:
  • Transparency in pricing and product design
  • Financial literacy initiatives promoting transparency with clients
  • Effectiveness of communication & reporting mechanisms
  • Organizational systems and innovative practices that promote transparency

Ujjivan wins Social Performance Reporting Award October 2009
Ujjivan was presented with the 2009 Social Performance Reporting Award – category Gold.
The social Performance Reporting awards were launched by CGAP, together with its partners the Michael and Susan Dell Foundation, the Ford Foundation, and the Social Performance Task Force (SPTF). The award, powered by MIX, is designed to promote greater transparency in MFIs' social performance. The award recognizes microfinance providers who provide reports on a set of social performance indicators that were developed over three years through consensus process involving industry leaders and led by SPTF. The awards were launched in order to respond to the growing need to answer questions around social impact and the follow through mission of MFIs.
The award was presented at the Microfinance India Summit, held in New Delhi on October 26,2009 and was attended by members of the Ujjivan leadership team: CEO Samit Ghosh, CFO Sudha Suresh, Head of Audit - Lalita Rao, COO (North) – Vikram Jetley and Head of Administration – Prem Kumar. G

Ujjivan Ranked #1 in Microfinance Industry as Best Place to Work June 2009
The Great Place to Work Institute, India and Economic Times conducts a study every year to select the best companies to work for in India. This is the first year that Ujjivan participated in this study.
There are three factors used to evaluate a company:
  • Relationship between the employer and employee
  • Employee pride in his/her work
  • Teamwork among employees
Approximately one third of Ujjivan's employees were randomly selected and surveyed with a 59 question form. Based on the surveys, employment satisfaction and company culture were evaluated and rankings given for different categories.
Upon completion of the surveys for all participating companies, Ujjivan ranked first in the microfinance industry!
An award ceremony was held on June 9, 2009 in Pune that was attended by members of the Ujjivan leadership team: MD/CEO Samit Ghosh, Head of HR Col. Murthy Rajan, COO-West Jolly Zachariah, and COO-East Gautam Gan. The Director of the Economic Times and the Vice President of the Times of India were in attendance to present the awards.

Ujjivan wins Microfinance Process Excellence Award (MPEA) for South Region November 2008
Ujjivan was awarded the Microfinance Process Excellence Award (MPEA) for excellence in process management among Micro Finance Institutions (MFIs). The awards were sponsored by ABN AMRO and RBS in partnership with PlaNet Finance India.
The six month long process, culminating in the award ceremony, involved an extensive application and compliance process, training in Process Mapping and Risk Analysis, and then performing this analysis on Ujjivan's own processes. Trainings were attended by Brian Frazier and Sarmila Banerjee. Applications and Analysis were led by Rajat Singh, Veeresh Noolvi, Bhargav Krishna, Mamatha BR, Lance Baptiste, and Dhirendra Singh. The awards were classified into three categories according to the size of competing MFIs – Flint, Flame and Fire. Flint for young and emerging institutions, Flame for mid sized established institutions preparing for rapid growth phase, and Fire for the large and established institutions setting scorching standards. Award ceremony was held at the Ashok Hotel in Delhi on 11th November 2008.
Ujjivan was awarded the Process Excellence Award for the South Region in the Fire Category. Competitors included finalists SKS, Grameen Koota, and Equitas among others.

Ujjivan Is Awarded First Ever Unitus Accelerator Award November 2007
At the Unitus Leadership Summit held in Cebu, Philippines, Ujjivan was awarded the Unitus Accelerator Award. The award recognized Ujjivan's role in accelerating the microfinance industry, its innovative approach, and the positive impact it has on the lives of its customers. Ujjivan, a partner of Unitus since 2006, was the first to receive this prestigious award.
The award was presented to Ajit Grewal, Ujjivan's Executive Director by Geoff Davis, Unitus' CEO, during the Leadership Summit's closing dinner. The award ceremony concluded a dynamic three-day conference that brought together CEOs and COOs from Unitus' global network of MFI partners. The conference was sponsored by The Omidyar Network, and included session led by Pierre Omidyar, founder of eBay and co-founder of the Omidyar Network, and Matt Bannick, former head of eBay International and Managing Partner of Omidyar Network.
© 2015 Ujjivan Financial Services Ltd. CIN NO: L65999KA2004PLC035329
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