Up Money Ltd. started operations in November 2014 post acquisition of Sukhjit Finance Ltd, a company incorporated on 6th Feb, 1995 under the Companies Act 1956. The name of the company changed to UP Money Ltd w.e.f 2 nd day of March, 2015. The Promoters of UP Money Ltd. comes from the renowned ‘Chawla Family’ who have strong roots in Ludhiana and near around suburbs. The company is managed by highly experienced and professionally qualified Board consisting of Mr. Ajit Singh Chawla and Mr. Sumel Singh Chawla who have huge experience in lending and other financial services.
The company was incorporated on 6th Feb, 1995 under the Companies Act 1956, as Sukhjit Finance Ltd, and after change of management of Sukhjit Finance Ltd w.e.f 2nd March 2015, the name of the company has been changed to UP Money Ltd.
The Company offers affordable financing for two-wheelers loans and Micro, Small & Medium Enterprises (MSMEs) mainly for rural livelihood advancement. Our main aim is providing finance for income generating activities, socio economic development and financial inclusion.
Working together with over 600 employees, we reach our market by connecting with thousands of customers, be it in cities, towns or villages, right at their doorstep. We penetrate deep inside the market covering approximately 4000+villages with 23 operational branches and 250+ two wheeler dealer network spread all over in Punjab, Chandigarh, Haryana and Himachal Pardesh.
Since inception, the company has disbursed more than 370Cr of loans servicing more than 50000 customers.
Mission & Vision
To enhance the livelihood of people and value of enterprises with our innovative financial products supported by our workforce, robust processes and advanced technology, which will enable faster disbursement of loans, our strong belief and essence of the company’s philosophy - ‘Easy Loans’ - which sets Up Money apart from the rest.
To provide easy credit to every corner of rural India to uplift lives of rural society.