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UGRO Capital

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UGRO Capital Limited
TypePublic
BSE: 511742
NSE: UGROCAP
ISININE583D07455
IndustryFinancial services
Founded2018
FounderShachindra Nath
HeadquartersMumbai, Maharashtra, India
Key peopleShachindra Nath (Vice chairman and managing director)
Anuj Pandey (CEO)[1]
Revenue₹1,441.85 crore (FY2025)
Websitewww.ugrocapital.com

U GRO Capital (formerly known as Chokhani Securities) is an Indian financial services company which provides customized loan solutions to MSMEs in India. Its headquartered in Mumbai, India.[2][3][4]

UGRO Capital is a listed company in National Stock Exchange (NSE: UGROCAP) and Bombay Stock Exchange (BSE: 511742). The company's shares are traded under the symbol UGROCAP.[5][6]

The company's AUM and Net Worth as on Mar-25 was INR 1441 Cr.[7]

History

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UGRO Capital was formed in 2018 following the acquisition and restructuring of the publicly listed non-banking financial company Chokhani Securities Limited by Shachindra Nath through Poshika Advisory.[8][9][10] After the change in control,[11] the company was rebranded as UGRO Capital and shifted its business focus toward financing micro, small, and medium enterprise (MSMEs).[12][13]

Between 2022 and 2024, UGRO Capital expanded its operations through a combination of additional capital-raising and acquisitions.[14] In November 2021, the company entered a co-lending agreement with the State Bank of India to finance MSMEs under Reserve Bank of India guidelines.[15] During the 2022–2023 period, UGRO Capital raised additional capital, including ₹340.5 crore, and secured funding of ₹240 crore from the Danish SDG Investment Fund.[16] In 2024, the company acquired the fintech platform MyShubhLife, which became a wholly owned subsidiary, marking its entry into embedded credit delivery.[17] During the same year, UGRO Capital issued equity shares to institutional investors through a preferential allotment, including investment from the Danish SDG Investment Fund.[18] The company also raised approximately ₹1,265 crore through the issuance of compulsory convertible debentures and warrants, with participation from Samena Capital and other institutional investors.[19] In May 2024, the board approved a proposal to raise additional equity capital of ₹1,332.66 crore.[20]

In 2025, UGRO Capital announced an agreement to acquire Profectus Capital, subject to regulatory approvals.[21][22] The transaction received approval from the Reserve Bank of India later that year.[23] In January 2026, the board approved a scheme to amalgamate Profectus Capital, then a wholly owned subsidiary, with UGRO Capital, subject to approval by the National Company Law Tribunal and other authorities.[24][25]

Awards

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  • Global SME Finance Awards 2022, Financer of the Year for Asia (Silver) in Cambodia[26]

References

[edit]
  1. ↑ Basu, Sreeradha (2025-06-24). "UGRO Capital elevates Anuj Pandey to CEO". The Economic Times. ISSN 0013-0389. Retrieved 2025-10-29.
  2. ↑ "New Investment to Support Green Finance for Micro, Small and Medium Businesses in India | Headlines". Devdiscourse.
  3. ↑ "Co-lending: Another bonanza for private capital". frontline.thehindu.com. 26 December 2021.
  4. ↑ "Ugro Capital aims to double loan book to Rs 7,000 crore in FY23 with focus on co-lending". Business Today. 25 July 2022.
  5. ↑ "UGRO Capital (BSE:511742) - Stock Price, News & Analysis". Simply Wall St.
  6. ↑ "Ugro Capital Share Price, Ugro Capital Stock Price, Ugro Capital Ltd. Stock Price, Share Price, Live BSE/NSE, Ugro Capital Ltd. Bids Offers. Buy/Sell Ugro Capital Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes". Moneycontrol.com.
  7. ↑ "UGRO Capital net profit rises two-fold in Q4". TOI.
  8. ↑ Kumar, Ankit (2023-04-11). "UGro Capital Fund Raise News: यू ग्रो कैपिटल ने 340 करोड़ रुपये की पूंजी जुटाने का किया ऐलान, जानिए डिटेल". The Economic Times Hindi (in Hindi). Retrieved 2025-10-28.
  9. ↑ "Shachindra Nath, Founder & Managing Director of U GRO Capital joins FIDC Board". Elets BFSI. 2023-11-23. Retrieved 2025-10-28.
  10. ↑ Menon, Asha (9 December 2025). "SEBI Finds Lapse in Samena's UGRO Investment, Fines Firm". VCCircle. Retrieved 2026-01-24.
  11. ↑ Jha, Raj (June 24, 2023). "Management Meet Note Ugro Capital - Nuvama" (PDF). Nuvama.
  12. ↑ "Vardhman Textiles Q2 Results: Profit dips 14% YoY to ₹189 crore; revenue down 2% | Stock Market News". mint. 2025-10-23. Retrieved 2025-10-28.
  13. ↑ Gupta, Paromita (2024-06-19). "UGRO Capital Raised INR 1,265 Cr Through Allotment of CCDs and Warrants". Entrepreneur. Retrieved 2025-10-23.
  14. ↑ Manghat, Sajeet (June 16, 2025). "Why Ugro Capital's CCD Issue Is In The Eye Of An Investor Storm". NDTV. Retrieved 2026-01-24.
  15. ↑ "SBI, U Gro Capital join hands under co-lending scheme | Company Business News". Mint. 2021-11-17. Retrieved 2025-10-28.
  16. ↑ "UGRO Capital Secures USD 40 Mn Loan from DFC to Empower MSMEs". Entrepreneur India. October 17, 2024.
  17. ↑ Rag, Ajay (2024-05-02). "Ugro Capital raises Rs 1,322 crore, acquires fintech lender MyShubhLife for Rs 45 crore". The Economic Times. ISSN 0013-0389. Retrieved 2025-10-28.
  18. ↑ Soni, Sandeep (2023-06-21). "U GRO Capital raises Rs 240 crore from Danish govt's fund IFU for green finance to MSMEs". The Financial Express. Retrieved 2025-10-28.
  19. ↑ Gupta, Paromita (2024-06-19). "UGRO Capital Raised INR 1,265 Cr Through Allotment of CCDs and Warrants". Entrepreneur. Retrieved 2025-10-23.
  20. ↑ "UGRO Capital To Raise INR 1,332 Cr Via CCDs & Warrants". Inc42 Media. 2024-05-03. Retrieved 2025-10-28.
  21. ↑ Narayanan, KS Badri (2025-06-20). "Broker's call: Ugro Capital (Buy)". BusinessLine. Retrieved 2025-10-28.
  22. ↑ "UGRO Capital to Acquire Profectus Capital for INR 1,400 Cr in Strategic All-Cash Deal". Entrepreneur India. June 18, 2025.
  23. ↑ "UGRO Capital secures RBI approval to acquire Profectus Capital - ET Edge Insights". 2025-09-19. Retrieved 2025-10-28.
  24. ↑ Singh, Navneet (2026-01-08). "UGRO Capital board approves scheme to amalgamate subsidiary Profectus Capital". CNBC TV18. Retrieved 2026-01-24.
  25. ↑ Jos Pullokaran, Jomy (2025-12-17). "UGRO Capital's panel approves ₹500-crore NCD issuance via private placement - CNBC TV18". CNBCTV18. Retrieved 2026-01-24.
  26. ↑ "IFC backed Global SME Forum awards U GRO Capital Financer of the Year for Asia (Silver) in Cambodia". Business News This Week. 22 September 2022.
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