Know More. Grow More.

 

U GRO Capital limited is a BSE and NSE listed, technology focused, small business lending platform. The company is focused on addressing capital needs of small businesses operating in select eight sectors by providing customized loan solutions.

U GRO mission is ‘Solve the Unsolved’ – the US$ 600Bn Small Business Credit Need. U GRO believes that the problem of small businesses can be solved by building deep expertise around core sectors of SMEs in India coupled with a data centric, technology-enabled approach.

The Company has raised ~INR 950 crore of capital from a diversified set of private equity funds, institutional investors and well-known family offices.

U GRO capital has shortlisted the 8 sectors basis an 18-month process involving extensive study of macro and micro economic parameters carried out in conjunction with market experts like CRISIL. The eight sectors shortlisted are Healthcare, Education, Chemicals, Food Processing / FMCG, Hospitality, Electrical Equipment and Components, Auto Components, Light Engineering.

The company strives to build a strong SME financing platform based on sectoral understanding supplemented by a fully integrated technology and analytics platform.

growth-technology
Growth Through Intelligence & Technology

At U GRO, we cater to specific SME sectors by using our advanced knowledge of 8 sectors to create insightful loan products for each sub-sector. We use a unique combination of intelligence & technology using statistical predictive modelling to understand your potential for growth. Our sub-sector level knowledge is derived from over 25 financial & non-financial sources to understand the ecosystem you operate in.

We believe the future of SMEs can be transformed by bridging the massive gap between funding and the potential for growth. It would be our endeavour to serve this sector and help fulfil their ambition.

purpose ugro
Growth is Our Purpose
Leading Growth
Shachindra Nath, Vice Chairman & MD
“A man of many great qualities, Mr Nath is known to be an influencer and a hands-on leader who trusts his instincts. Presently, he is focused on the SME credit gap in India”
U GRO
Management & Board of Directors

U GRO has a diverse management team with over 250 years of combined experience across the financial spectrum. The highly qualified team comes from a multitude of top financial positions & institutions and is known for enabling scaled business undertakings. U GRO Management Team works under the able guidance of its Independent Board of Directors. U GRO Board consist of exemplary set of financial services leaders drawn from every spectrum.

Management Team
Amit Mande
Amit Mande
Chief Revenue Officer

Amit is the Chief Revenue Officer at U GRO Capital. Leveraging his prior experience of building profitable businesses across asset products, diverse distribution models, and his passion for technology and speed, he endeavors to build a multi-product and omnichannel MSME lending franchise on the back of digitization and data analytics. Amit shoulders the responsibility of scaling the asset side of the business. Business and Operations teams across all product verticals report to him. Amit brings a rich career experience spanning over 22 years with organizations like Standard Chartered Bank, ABN Amro Bank, Barclays Bank, Capital First, Rattan India Finance, Mswipe Technologies. Amit is an alumnus of Jamnalal Bajaj Institute of Management Studies and a Mechanical engineer from V.J.T.I., Mumbai.

Anuj Pandey
Anuj Pandey
Chief Risk Officer

Anuj is a founding team member of U GRO Capital. His passion is to use analytics & technology to create pragmatic risk models that help create new products/programmes, which in turn helps simplify the credit access experiences for SME’s. Anuj brings 20+ years of experience from leading companies such as Barclays Bank, ABN AMRO Bank, GSK Consumer & Religare Finvest. Anuj holds a Bachelor’s degree in Engineering (Mechanical) from Thapar University & PGDM from IIM Lucknow

J. Sathiayan
J. Sathiayan
Chief Business Officer

Sathiayan is a finance and banking professional who brings over two decades of experience in the domains of SME & Business Finance, Retail Liabilities and Assets, Third Party Products Distribution and other financial services at multiple levels in corporates of high disposition, to the company. His versatile vision and tenacity to create successful growth plans have led him to propel the U GRO foot-print across India. As a Chief Business Officer, he is responsible for making U GRO come alive to our various partners and customers. His past high profile roles include being the Vice President of ABN Amro Bank N.V. and being a director of Religare Finvest Limited. J. Sathiayan is an alumnus of the Sastra University with a degree in B.E.

Kishore Lodha
Kishore Lodha
Chief Financial Officer

Kishore is a qualified Chartered Accountant by profession. He brings with him 20+ years of
experience and has been associated with organisations like Future Group and SREI Infrastructure.
 
He joins us from Hinduja Leyland Finance where he worked as the Chief Financial Officer. He has
held various offices in the finance domain ranging from managing accounting, taxation, financial
controller, RBI Compliances and Treasury function.
 
Kishore head’s the Finance and Treasury function.

Nirav B Shah
Nirav B Shah
Chief Strategy Officer & Head of Investor Relations

Nirav Shah leads the Strategy and Investor Relations department of U GRO Capital. He looks after our DFI and Capital Market Coverage. He also helps us build relationships with multiple FI segments for Colending, FinTech and Market Place partnerships. Nirav has 15+ years of Investment Banking experience, including client coverage, origination, deal marketing, execution, advisory and capital markets. He has advised transactions across PE, M&A and capital markets and has a deep understanding of the Financial Services domain like Banks, NBFCs, MFIs and HFCs. Before joining U GRO, he was the Director at Equirus Capital in the Investment Banking vertical leading the BFSI sector. At Equirus, he was instrumental in completing multiple marquee transactions, notably for U GRO, Kogta Finance, Eduvanz Financing and Niyogin, amongst many others. Nirav has served in reputable organisations like Centrum Karvy Investor Services and HDFC Bank in the past. He is a commerce graduate and holds a CFA and MS (Finance) degree from ICFAI.

Pia Shome
Pia Shome
Chief People Officer

Pia Shome is our Chief People’s Officer and is the primary interface between our prospective employees and U GROites. She brings in 16+ years of broad exposure in Human Resources, Change Management, Organization Transformation and Culture Building. She is a comprehensive leader with all-encompassing experience. Before joining U GRO Capital, she cut her teeth in this industry by attaining and executing leadership positions in many renowned organisations. Notably, she worked as the HR Head at SMEcorner and has previously held leadership positions at IDFC First Bank, RBL, DBS Bank, Barclays and TCS eServe International. Her result-focused professionalism and management acumen helped her gain recognition as an HR 40 under Forty by Jombay and ET Now. She is an HRM MBA graduate from XISS, Ranchi and is an alumnus of INSEAD, Singapore

Rishabh Garg
Rishabh Garg
Chief Technology Officer

Rishabh is Chief Technology Officer at U GRO Capital, CTO, has over 20+ years of diverse and wellrounded experience in technology. He has rich management experience in senior leadership positions and as an entrepreneur. Before U GRO Capital, he was Co-Founder, CTO of a rural insurtech firm GramCover. He has worked with Biz2Credit, which is into SME Financing as VP Technology in the past. He was also associated with Agnity, SAP Labs & Infosys. He holds an MBA degree from IIM Lucknow and B. Tech from IIT Roorkee

Subrata Das­­
Subrata Das­­
Chief Innovation Officer

Subrata is the Chief Innovation Officer at U GRO Capital, responsible for driving data-driven decisionmaking for every facet of the business and creating innovative customer solutions through advanced data science, alternate data, and contemporary digital methods. Subrata brings 17+ years of experience in the financial services industry and has previously worked at Standard Chartered Bank, India Infoline Finance, and Fractal. During his career, he has set up and scaled analytics teams and developed solutions for a wide array of business cases covering credit scoring, risk assessment, portfolio management, collections strategy, cross-sell, retention, product profitability, pricing, campaign management – across consumer and commercial sides of retail lending. Subrata is an alumnus of the India Statistical Institute, Kolkata.

Sunil Lotke
Sunil Lotke
Chief Legal & Compliance Officer

Sunil is the Chief Officer – Legal, Compliance & Secretarial at U GRO Capital and is the primary interface with the Regulators. He brings about 20 years of rich experience in the field of Legal, Compliance and Corporate Secretarial with specializations in Financial Services Legislations, Capital Market transactions, Corporate Restructuring, and Securities Regulations. Sunil joins us from InCred Financial Services, where he was responsible for Legal & Compliance function. Before joining InCred, he has worked with the Reliance Group, Future Capital Holdings, IIFL Group & StarAgri Finance. Sunil is a member of the Institute of Company Secretaries of India, and a law graduate from Mumbai University

Board Members
Satyananda Mishra
Satyananda Mishra
Non-Executive Chairman and Independent Director

Mr. Satyananda Mishra is the former Chief Information Commissioner of India (December 2010 to September 2013). He has a diverse and exemplary career of more than 40 years in the Indian Administrative Services (batch of 1973). He was the Chairman and Non-Executive Independent Director of the Multi Commodity Exchange of India Limited from November 2013 till November 2016. He served as the Director of the Small Industries Development Bank of India until 2018 and as a Development Commissioner for SmallScale Industries in the Government of India. During his stint as the Chief Information Commissioner, he had set a new benchmark in transparency in politics wherein the Central Information Commission under his leadership held political parties answerable under the Right to Information Act. Additionally, he has also held the position of Former Secretary for various government departments like the Department of Personnel & Training (DoPT), Public Works Department (PWD), and Department of Culture (MP Government).

SHACHINDRA NATH
SHACHINDRA NATH
Vice Chairman and Managing Director

Mr. Nath took on the role of an entrepreneur by acquiring control of a listed NBFC called Chokhani Securities Limited in 2018 and is now the Vice Chairman & Managing Director of U GRO Capital, a tech enabled small business lending platform. Prior to embarking on his entrepreneurial journey at U GRO Capital, Mr Nath has been influential in setting up Insurance Companies, Global Asset Management Businesses, Capital Market and Lending Institutions. Throughout his illustrious career, he has been instrumental in building two insurance companies, a large asset management company and an NBFC. Some of his biggest achievements include establishing new business verticals alongside foraying successful joint ventures and partnerships for the group. He is a qualified lawyer and a University Rank Holder from the Banaras Hindu University (India) and is known to be a great motivator and a hands-on leader who trusts his instincts

S KARUPPASAMY
S KARUPPASAMY
Independent Director

Mr. Karuppasamy has served as the Executive Director of Reserve Bank of India and as the RBI Nominee Director at Indian Bank. He continues to be associated with a number of high profile working groups in certain areas, such as High Power Committee on Urban Cooperative Banks, Rating Framework for Urban Cooperative Banks, Cross Border Supervision and Integrated System of Alert. This also includes serving as an Independent Director at Asset Reconstruction Company (India) Limited. He is a post graduate in Economics, a Certified Associate of Indian Institute of Bankers, with a Post Graduate Diploma in Bank Management (NIBM).

Abhijit Sen
Abhijit Sen
Independent Director

Mr. Sen is closely associated with E&Y, as an External Advisor, for their activities in the Banking and Financial Services Sector as well as serve on several Boards including Kalyani Forge Ltd, Manappuram Finance Ltd, Tata Investment Corporation Ltd, etc. He also chairs the Audit Committees of Kalyani Forge in addition to participating on several other Board Committees. In the past, He has served in Citi India as its Chief Financial Officer – India Subcontinent for over 18 years. He was also on the Board of National Securities Depository Ltd and has been an External Advisor to General Atlantic. He has a B.Tech (Hons) degree from the Indian Institute of Technology, Kharagpur and a Postgraduate Diploma in Management from the Indian Institute of Management, Kolkata with Majors in Finance & Information Systems

Karnam Sekar
Karnam Sekar
Independent Director

Mr. Karnam Sekar is a professional banker with rich experience in all the facets of Indian Banking at a very senior level. He joined as a Probationary Officer with State Bank of India in 1983 and rose to the level of Deputy Managing Director. Selected as Managing Director of Public Sector Bank and has the rare distinction of heading two public Sector Banks during very critical juncture of their history. As the Dy MD of SBI, he contributed during the Board level deliberations of the Nation’s Largest Commercial Bank for more than four years. Presently he is on the Board of Incred Financial Services Ltd. and National Asset Construction Company Ltd.

HEMANT BHARGAVA
HEMANT BHARGAVA
Independent Director

Mr. Hemant Bhargava is a Master’s in economics. Mr. Bhargava joined LIC as a direct recruit officer in 1981 and retired as its Managing Director in July 2019. During his long tenure of 38 years, he worked across diverse set of roles both in India and abroad, building multi-dimensional experience in different capacities, especially in Marketing, Internal Operations, and new ventures. He was the first chief of LIC International Operations SBU, besides being instrumental in setting up LIC Cards Services Limited. His tenure as Managing Director (and also as Chairman incharge from January to March 2019) was marked by his creative leadership with new ideas enriched by the extensive experience gained in overseeing several functions including Marketing, Finance, Personnel, Investments, Alternative Channel, etc. Presently he is on the Board of Larsen and Toubro and Tata Power Company Limited and ITC.

Chetan Gupta
Chetan Gupta
Non-Executive Director

Mr. Gupta is the Managing Director of Samena Capital Investments Limited in Dubai, focusing on investments within the Special Situations Funds. He is a member of the Board of Directors and Executive Committee at RAK Logistics as well as an Investment Committee member of the Samena Special Situations Funds. His insightful thinking is vested towards balancing the interests of the company, shareholders and other stakeholders by ensuring long-term growth that is both sustainable and profitable. Prior to Samena Capital, he was an Equity Research Analyst at Tricolor India Fund and a part of the General Electric Financial Management Leadership Program, focusing on financial planning and analysis. He is a Chartered Financial Analyst (AIMR) as well as a Chartered Alternative Investment Analyst. He holds a Master’s in Management (Finance) from the University of Mumbai.

Manoj Sehrawat
Manoj Sehrawat
Non Executive Director

Mr. Sehrawat currently serves as a Partner at ADV Partners, after moving on from the role of Managing Director at the firm. With 22 years of experience in financial services across private equity, distress debt acquisition & resolution, corporate and financial restructurings in India, He has a strong ability to build and sustain new business relationships as well as adapt to diverse environments. Prior to ADV, Manoj Sehrawat was the Vice President with JPMorgan’s Asia Special Situations Group. He has also worked at ARCIL where he was responsible for acquisition of NPLs from banks & FIs. He is a Chartered Accountant from Institute of Chartered Accountants of India and has a Bachelor's Degree in Commerce from Delhi University

Rajeev K. Agarwal
Rajeev K. Agarwal
Independent Director

Mr. Agarwal has nearly three decades of experience in the Indian financial services sector. He was worked with some highly reputed organizations such as the Securities and Exchange Board of India, Forward Markets Commission, and Indian Revenue Service. He has a knack of building and maintaining relationships and community with ease. Rajeev Agarwal finished his term on November 2016 from the post of Whole Time Member at SEBI. Before joining SEBI, he served as the Member of the Forward Markets Commission (FMC) and was responsible for the framing of regulations for the Commodities Markets which had been liberalized just then. He is an alumnus of The Indian Revenue Service (Batch of 1983) and the Indian Institute of Technology, Roorkee with a Bachelor in Technology.

AMIT GUPTA
AMIT GUPTA
Non-Executive Director

Mr. Gupta is the founding Partner of New Quest Capital Partners and oversees the firm’s India and
Southeast Asia business as well as investments in the power and financial services sectors. He has a
highly varied experience of 20 years in leading teams and producing projects aligned with business
goals. Collaborative and a clear communicator is how his peers best describe him. Prior to co-
founding New Quest, he was a Director at Bank of America Merrill Lynch's (BAML) Asia Private Equity
group where he led the India business and oversaw investments in the energy and financial services
sectors across the Asia Pacific region. He has an MBA from the Indian Institute of Management (IIM),
Bangalore, and an undergraduate degree in electrical engineering from REC Kurukshetra.

Smita Aggarwal
Smita Aggarwal
Independent Director

Mrs. Smita Aggarwal listed in “Top 35 Global Women in Fintech Powerlist”, ‘Top Women in Finance’, “Top 30 Fintech Influencers” and “Women Who Venture”, Mrs. Aggarwal is a fintech investor and a thought leader with deep expertise in venture capital, financial inclusion, digital banking, microinsurance and financial regulation. She is Global Investments Advisor for Flourish Ventures, a global fintech focussed fund, and leads investments in innovative fintech start-ups that help advance financial health and inclusion in Asia. She is on the Fintech Advisory Board of New York University and Global Fintech Fest. She is a member of the Board of Directors of IIFL Asset Management Company. She is a guest faculty for “Fintech in Emerging Markets” at the Stern School of Business, New York University. She has three decades of experience in finance as a banker, lender, regulator and an investor that have enriched her with unparalleled domain expertise, unique perspective and empathy for fintech founders. She has held leadership positions with noteworthy names such as Omidyar Network, Fullerton India Credit, Reserve Bank of India and ICICI Bank with a successful track record of building businesses from scratch, introducing new products, and driving growth through innovation. She is a rank-holder chartered accountant and has attended executive programs at Harvard Business School and MIT Sloan School of Management.