U. K. Sinha - Key Initiatives at UTI

Key Initiatives At UTI

Sinha has received much recognition for his initiatives as the Chairman of UTI. Key among these include:

  • Aligning the salaries of employees to prevalent market levels, taking the company further away from its public sector pay-scale roots and making it more competitive.
  • Checking the brain drain of key personnel, and reversing it - hiring top performers from key companies across the industry.
  • Under his reign, the market valuation of UTI MF has risen nearly tenfold in two years - from Rs. 1237 Cr. to Rs. 12000 Cr.
  • UTI MF will be the first company in India to offer ESOPs to all of its permanent employees, as opposed to the norm of offering these only to the top management.
  • Introducing highly successful schemes that have raised the Assets Under Management by almost 100%.
  • Introducing a micro-pension scheme, targeted at low-income groups, providing them the financial security of a post-retirement pension. The scheme is administered with the help of key co-oporative societies and government agencies, and has attracted over 200,000 investors. The tie-ups are with agencies such as SEWA, the dairy farmers' co-operative in Bihar and the Union of Railway Porters. Other Mutual Funds are now beginning to follow suit, introducing similar schemes of their own with minimal payment commitments.
  • Attracting significant foreign investment; especially from Europe, the Mid-East and Japan.
Preceded by
C. B. Bhave		 Chairman & Managing Director of UTI AMC
2005 – 2011		 Succeeded by

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