About UGRO Capital

Overview

Who We Are

A DataTech NBFC built to close India's MSME credit gap — sector by sector.

Founded in 2018 by Mr. Shachindra Nath, UGRO Capital Limited is a pioneering DataTech NBFC specialising in MSME and Small Business Financing. Leveraging advanced data analytics and an extensive distribution network, we bridge the vast small business credit gap in India, delivering tailored credit solutions to Micro, Small and Medium Enterprises (MSMEs) across the country. We are a company that truly believes in the idea that #MSMEAcchaHai.

UGRO Capital shortlisted nine sectors to service within the MSME space, based on an 18-month process involving an extensive study of macro- and micro-economic parameters, carried out in conjunction with market experts like CRISIL. These are Healthcare, Education, Chemicals, Food Processing/FMCG, Hospitality, Electrical Equipment and Components, Auto Components, and Light Engineering. The Company additionally lends to micro enterprises, which behave as a monolith and act as a pseudo ninth sector.

We have also developed a revolutionary, proprietary underwriting model, GRO Score 3.0, which assesses the creditworthiness of borrowers on a data tripod of banking, bureau, and GST records. Our customised loan solutions aim to service the needs of all MSMEs through cash-flow-based lending.

We are dedicated to solving MSMEs' challenges through a sector-specific, data-centric, and technology-enabled approach, ensuring comprehensive support for business growth and financial inclusion. With various capital raises throughout our journey, from both national and international entities, UGRO Capital is poised to grow further and reach new heights on its journey to empower the MSME ecosystem.

Vision & Mission

Guiding Everything We Do

Vision

Our vision is to become the Largest Small Business Financing Institution in India.

Mission

Our mission is to "Solve the Unsolved" – addressing the vast credit gap in the Small Business sector.

OUR HIGHLIGHTS

Key Numbers

Consolidated (As of Mar 2026)

                        317
                        EM Branches
                    
                        18.1%
                        Portfolio Yield
                    
                        INR 2,976 Cr
                        Net Worth
                    
                        INR 15,013 Cr
                        AUM
                    
                        4,00,000+
                        Customers
                    
                        INR 10,793 Cr
                        Borrowings
                    
                        IND A+
                        /Positive and CRISIL A / Stable
                    
                        INR 2,551 Cr
                        Net Disbursement 
                    
                        2.5% and 1.9%
                        GNPA / NNPA

GRO SCORE 3.0

Proprietary Underwriting Model

GRO SCORE 3.0

Our revolutionary, proprietary underwriting model, GRO Score, produces a borrower-level rating based on credit bureau, bank statement, and GST information.

AI/ML and integrated data and technology help generate 25,000+ data features from an applicant. We then match Banking and Bureau Scorecards to generate a single 'GRO Score,' which is further augmented with GST data as an external input.

Check your GRO SCORE

OUR EXPERTISE

Sector Focused

We focus on 9 sectors & 200+ ecosystems, representing 50% of the total MSME Lending market and Micro Enterprises with a sector-focused approach.

Auto Components

Chemical

Food Processing

Electrical Equipment & Components

Education

Healthcare

Hospitality

Light Engineering

Micro Enterprises

Leadership

Our Team

Together, we steer our company towards innovation and growth, ensuring we deliver the best for our clients and stakeholders.

Satyananda Mishra

Non-Executive Chairman & Independent Director

Shachindra Nath

Founder & Managing Director

Karuppasamy Singam

Independent Director

Karnam Sekar

Independent Director

Hemant Bhargava

Independent Director

RAJEEV K. AGARWAL

Independent Director

ROHIT GOYAL

Non-Executive Director

Tabassum Inamdar

Independent Director

Ramanathan Subramanian Arun Kumar

Non-Executive (Nominee) Director

ANUJ PANDEY

Chief Executive Officer

Sameer Nanda

Chief Revenue Officer

Irem Sayeed

Chief Risk Officer

Shilpa Bhatter

Chief Financial Officer

Rajni Khurana

Chief People Officer

Sunil Lotke

Chief Legal & Compliance Officer

Rahul Sekar

Chief Technology & Product Officer

Satyabrata Mohapatra

Chief Operating Officer

Arun Arora

Chief Litigation and Recovery Officer

Neeraj Deshpande

Business Head – Co-Lending

Ranga Aparna

Chief Credit Officer – South (Emerging Market)

Nishi Sharma

Chief Credit Officer – North (Emerging Market)

Sourabh Agarwal

Chief Credit Officer – West (Emerging Market)

Paramasivam T P

Chief Business Officer – South (Emerging Market)

Ritu Prakash Singh

Senior Economist and Head – PR

Harsh Shah

Head of Marketing & Corporate Communications

Kavita Shedge

Head - Internal Audit

Satish Kumar

Company Secretary and Compliance Officer

Sandeep Khanna

Chief Business Officer - North (Emerging Market)

Radhakrishna Amin

Chief Business Officer – West (Emerging Market)

Siddharth Rajan

Head – Strategy, Investor Relations, and FP&A

OUR VALUES

The Values That Define Us

Our culture is driven by four principles that guide every decision, every interaction, and every relationship.

01

Bold

We think big, take measured risks, and chase our big goals with passion. Our excitement, energy, and relentless drive push us forward. We continuously innovate, challenge norms, and push boundaries to be bigger and better than yesterday.

02

Agile

Being future-ready is deeply embedded in our way of working, thinking, and growing. Challenges sharpen us and inspire us to act fast. We embrace change, adapt quickly, and make things happen.

03

Humble

Staying humble is in our DNA, it keeps us grounded as we grow. We collaborate, lift each other up, and win together. We keep rising high and do it with dignity, compassion, and respect always.

04

U

U are the heart of everything we do. We put our people first and create an environment where everyone feels valued, supported, and empowered to grow. For our customers, we don't just offer solutions — we enable ambitions and fuel dreams!

SOCIAL IMPACT

UGRO Impact

Creating measurable impact through financial inclusion, sustainability and responsible lending.

We place a strong emphasis on creating a positive impact through our lending endeavours while simultaneously addressing the financial needs of the MSME sector. To thoroughly evaluate and understand the social impact generated by UGRO Capital's activities and initiatives, we released Social Impact Report 2024–25, prepared in collaboration with Dun & Bradstreet.

Recognising the transformative impact of the 2030 UN Agenda for Sustainable Development, UGRO Capital aligns its focus on several UN SDGs to contribute to a more inclusive, sustainable, and prosperous future for all.

Download Social Impact Report

76%

Female borrowers as owners or co-owners

88%

Customers reported increase in revenue

200+

Branches in micro cities

1.35 Lac+

Customers served

2200+

Borrowers in Clean Energy Industry

1600+

Borrowers in Healthcare Industry

Life @UGRO

Life at UGRO Capital

We celebrate achievements, embrace inclusivity and create an environment where every employee grows together with the organisation.

Inclusivity

At UGRO Capital, our culture is more than just a set of principles; it is the driving force behind our success and our vision for the future. Together, we are building a workplace that champions inclusivity, celebrates achievements, and constantly strives for greater innovation and impact.

Success

From celebrating major festivals together to the smallest personal and professional wins – we actively foster a work environment where every employee feels valued and motivated to contribute to UGRO’s collective success. Indeed, we focus on building a sense of pride in being a UGROite!

Togetherness

Building on our commitment to inclusivity, our #TogetherWeGRO campaign, launched this Women’s Day, underscores our dedication to supporting not only women in business but also the women in our organisation who make up indispensable parts of the organisation. This campaign aims to create a supportive network for women in the organisation.

Careers@UGRO

Build your future while empowering millions of MSMEs.

While we help MSMEs unlock their potential in India, we also create equal opportunities for talented individuals to grow through rewarding careers.

View Job Openings

WHAT DO UGROITES THINK ABOUT US ?

Mahak Jain

OEM Alliance

“My experience at UGRO has been transformative. It’s a workplace where I’ve had the opportunity to explore my capabilities and discover my potential. The supportive environment fostered by my mentors has encouraged me to develop my skills and talents freely. I truly appreciate the friendly atmosphere that invites open dialogue, allowing everyone to voice their opinions. UGRO has not only helped me grow professionally but has also empowered me personally.”

Aditya Shah

Finance

“UGRO Capital Ltd for me stands as an ocean of vast knowledge. As an aspiring professional I couldn’t have asked for more. My journey with UGRO Capital so far has been really fulfilling and rewarding, I can’t wait to see this incredible journey to unfold.”

Kumar Swami

Marketing

“At work, my seniors encouragement and creative freedom motivate me to perform at my best. I love being a UGROite.”

Hitesh Worlikar

Product

"It is amazing to be part of an incredible workforce in UGRO. The management encourage, empowers, and recognizes potential, to execute the role dexterously. It feels great to contribute, invest time and experience with its remarkable mission to grow more".”

Irem Sayeed

Chief Risk Officer

“At UGRO we take pride in approaching every problem in an innovative manner. It is a team of bright , dynamic young professionals who are striving together towards a single goal of serving the under served.”

Rakesh Goswami

Investor Relations

"It was an amazing journey so far to work with a fast-growing company like UGRO Capital. It has given me immense opportunities to learn, explore different parts of the business and develop my skills."

RECOGNITION