Know More. Grow More.

U GRO Capital limited, (formerly known as Chokhani securities) is a BSE listed NBFC established in 1993. The company was acquired by financial services veteran Mr. Shachindra Nath on July 5th, 2018 and was later reinvigorated as U GRO.

U GRO mission is the ‘Solve the Unsolved’ – Small Business Credit Need. U GRO believes that the problem of small businesses can be solved by building deep expertise around core sectors of SME’s in India coupled with a technology platform.

To bridge the gap for growth in SME’s across 8 high potential sectors like Auto components, Chemicals, Education, Electrical equipment and components, Food processing & FMCG, Hospitality, Healthcare and 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
Mr Shachindra Nath, Executive Chairman

Mr. Shachindra Nath, steers the ship here at U GRO after an illustrious multi decade professional career. Mr. Nath’s roots are from the ancient city of Varanasi and he spent his early life in its hinterland. He started out as a commercial trainee, spent many years in rural India managing carpet industry before moving to financial services around two decades back. He has been instrumental in building diversified financial services business spanning ranging from Insurance, Asset Management, Lending, Capital Market from scratch. Built global partnership, joint ventures across various geographies in the world before turning into an entrepreneur. Shachindra is a qualified lawyer and a University Rank holder from the Banaras Hindu University (BHU), 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
Abhijit Ghosh
Abhijit Ghosh
Whole Time Director & CEO

Abhijit is a progressive and resourceful decision-maker currently helming a framework for fast-growing businesses at U GRO Capital.  A passionate visionary leader who is all consumed with envisioning the future of lending and redefining it for U GRO to be the Industry-first. Abhijit brings more than two decades of experience to the company from his key roles across Banking & Financial Services, Consumer Appliances, Hospitality, Telecom & Healthcare. Prior to coming aboard, Abhijit served as the President and Chief Business Officer at Religare Finvest Limited. It was his innate insightful, analytical and collaborative skill set that made him successfully manage ~US$ 3bn in assets with a team of 1,500 professionals spread across major business & economic zones of the country.

Abhijit’s result focused professionalism and broad business acumen was honed through his past work experiences at Andrew Yule, Whirlpool of India, ICICI Bank, Reliance Infocomm, ABN Amro Bank, ICICI Securities Limited and Future Group. He is a Science Graduate from the University of Calcutta and an alumnus of Kellogg Executive Education & XLRI Jamshedpur.

Anuj Pandey
Anuj Pandey
Chief Operating Officer

Anuj is a founding team member. He will be leading Product & Strategy, Marketing, Technology, Analytics & Processes function at U GRO. His passion is to use analytics & technology to create unique products-programme 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.

Kalpesh Ojha
Kalpesh Ojha
Chief Financial Officer

Kalpesh is a transformational leader with a track record of high-level performance and rapid advancement. He specializes in NBFC and Housing finance companies, with significant experience in partnering with operating teams to develop and implement strategic business and technical plans with high growth environment. As a Chief Financial Officer, he is driven with a mission to enable growth and holds all stakeholders and investors at the helm of every financial decision. His career started at Cressanda Solutions and his role prior to joining U GRO was that of Executive Director and CFO at Aspire Home Finance Corporation Limited. Kalpesh is a qualified CA, CMA, and holds a Master’s degree from Jamnalal Bajaj Institute Of Management Studies.

Manish Agarwal
Manish Agarwal
Chief Risk Officer

Manish is the Chief Risk officer at U GRO capital. He is an energetic leader with a track record of handling traditional security in the most non-traditional ways possible. Manish brings  extensive capacity of integrating risk concepts into strategic planning, risk identification, and mitigation activities  Prior to teaming up at  U GRO, he was the Senior President & Chief Credit officer at YES BANK. He started  his career as a programmer at Decision Aids before moving on to PWC as a Junior Officer. Manish is member of The Institute of Chartered Accountants India, The Institute of Company Secretaries of India, and the Institute of Cost and Works Accountants of India.

Rajni Khurana
Rajni Khurana
Chief Human Resources Officer

Rajni is a Human Resources Professional with over 18 years of diverse experience in Global Human Resources Management, Performance Management, Talent Development, Employee Engagement, and Strategic Business Partnership predominantly in ITES and Financial Services. Her excellent people skills and exemplary work ethics has helped transform many organizations into a modern, productive workspace. She believes a great place to work is one which enables outstanding conversations on a day-to-day basis with talented and inspiring friends at work. Rajni started out at iEnergizer and prior to joining U GRO as a Chief Human Resources Officer, she was Director – Human Resources at CRISIL Limited.

She holds a Master’s Degree from Maharshi Dayanand University, Rohtak.

Sandeep Kakar
Sandeep Kakar
Chief Growth Officer

Sandeep has a holistic way of accomplishing strategic goals. He is a skilled planner and is committed to finding win-win solutions as a Chief Growth Officer. He takes pride in his unconventional ways of growing business, reaching customers directly and alternate strategies. Sandeep holds more than two decades of experience in the financial services industry spanning Wholesale Banking, Commercial Banking & Open account Structured Trade Finance in Private Sector Banks and Multinational Banks.He started his career with IDBI Bank, and prior to coming aboard U GRO, he was the Head Supply Chain Finance, Corporate Finance at Aditya Birla Finance Limited.  Sandeep is a CFA from NMIMS.

Board Members
Shachindra Nath
Shachindra Nath
Executive Chairman & Managing Director

Prior to embarking on his entrepreneurial journey at U GRO, Mr. Nath was a founding member of Religare, an Indian financial services conglomerate. He joined Religare in 2000 when it was a small firm of 10 people with few million-dollars in revenue and grew the company into an integrated financial services organization with US$ 750mn in revenue and over 9,000 people with presence across SME focused lending, Retail Broking, Life Insurance, Health Insurance, Mutual Fund, Global Capital Markets, Investment Banking and Global Asset Management.

He became the Group Chief Executive Officer of Religare in 2010. He successfully led the IPO process for Religare in 2007 and established new businesses as well as created 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.

Abhijit Ghosh
Abhijit Ghosh
Whole Time Director & CEO

Mr. Ghosh is a progressive and resourceful decision-maker currently helming a framework for fast-growing businesses at U GRO Capital.  A passionate visionary leader who is all consumed with envisioning the future of lending and redefining it for U GRO to be the Industry-first. Abhijit brings more than two decades of experience to the company from his key roles across Banking & Financial Services, Consumer Appliances, Hospitality, Telecom & Healthcare. Prior to coming aboard, Abhijit served as the President and Chief Business Officer at Religare Finvest Limited. It was his innate insightful, analytical and collaborative skill set that made him successfully manage ~US$ 3bn in assets with a team of 1,500 professionals spread across major business & economic zones of the country.

Abhijit’s result focused professionalism and broad business acumen was honed through his past work experiences at Andrew Yule, Whirlpool of India, ICICI Bank, Reliance Infocomm, ABN Amro Bank, ICICI Securities Limited and Future Group. He is a Science Graduate from the University of Calcutta and an alumnus of Kellogg Executive Education & XLRI Jamshedpur.
 

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 India first Life Insurance, Kalyani Forge Ltd, Trent Ltd., and Ujjivan Micro-Finance Ltd. He also chairs the Audit Committees of Kalyani Forge & Trent Ltd in addition to participating on several other Board Committees. In the past, Abhijit 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.

Amit Gupta
Amit Gupta
Non-Executive Director

Mr. Gupta is the founding Partner of NewQuest 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 peer’s best describe him. Prior to co-founding NewQuest, 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.

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, Chetan 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. Chetan 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, Manoj 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.Manoj is a Chartered Accountant from Institute of Chartered Accountants of India and has a Bachelor's Degree in Commerce from Delhi University.

NK Maini
NK Maini
Independent Director

Mr. Maini is an expert in Development Banking, MSME lending, and General Management and has more than 38 years of work experience across prestigious dispersed organizations including, SIDBI, UCO Bank and IDBI Bank. He has also excelled as the CEO of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) on a one-year deputation. Maini certainly knows how to use his decades of experience to anticipate opportunities and create profitable results. He is an alumnus of Management Development Institute, Gurgaon (Post Graduate Diploma in Management), Indian Institute of Banking and Finance, Delhi (Certified Associate), Indian Institute of Foreign Trade, Delhi (Post Graduate Diploma in International Trade), Faculty of Law, Delhi University (Bachelor of Law) and St. Stephens College, Delhi University (Bachelor of Science).

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.

Ranjana Agarwal
Ranjana Agarwal
Independent Director

Ms. Agarwal is the recipient of Indira Gandhi Priyadarshini Award for professional excellence and entrepreneurship. She founded Vaish & Associates Chartered Accountants in 1985. Currently, she is serving as an Independent Director of Shubham Housing Development Finance Company Private Limited and KDDL Limited and continues to be an Independent Director of ICRA Limited since November 11, 2014. She was a Senior Partner of Deloitte Haskins & Sells and CC Chokshi firm until 2000 and has also served as the National President of FLO-FICCI Ladies Organization. Ranjana is a Fellow Member of the Institute of Chartered Accountants of India and holds a Bachelor oeevf Economics (Hons.) degree.

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).

Satynand Mishra
Satynand Mishra
Independent Director

Mr. 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 Small Industries Development Bank of India until 2018 and as a Development Commissioner of Small Scale 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 Department of Personnel & Training (DoPT), Public Works Department (PWD) and Department of Culture (MP Government).