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.
U GRO Capital limited is a BSE 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.
Shachindra Nath, Executive 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”
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.
Amit is the Chief Treasury Officer at U GRO Capital. He is a seasoned financial service professional and brings with him a diversified experience of about 18 years as a wholesale and real estate banker/PE investment professional.
At U GRO Capital, Amit will help build long term partnerships with Public & Private Sector Banks for co-lending, Capital Market linked borrowings and partnerships with Development Financial Institutions.
Before joining U GRO, Amit was the Head of Acquisitions at Shapoorji Pallonji Investments Advisors Pvt Ltd (a Private Equity platform between Shapoorji Pallonji Group and Allianz Group). He started his career with Axis Bank as a management trainee as part of their corporate credit department in 2003. He subsequently worked with leading MNC Banks like BNP Paribas, SCB and HSBC in India in various senior corporate banking roles. He also headed Real Estate financing for HSBC India between Nov 2013 to Apr 2018. He was also the head of Debt Capital Markets and a member of the India Capital Markets Board at JLL India between Apr 2018 to Feb 2020.
Amit holds a B TECH in Computer Science from HBTI Kanpur & PGDM from IIM Lucknow.
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.
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.
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 Co-lending, 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 UGRO, 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 UGRO, 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 is our Chief People’s Officer and is the primary interface between our prospective employees and UGROites. 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.
Sandeep is a comprehensive Finance & Governance Leader with broad exposure in the Financial Services domain. He has over 20 years of experience across multiple business environments, including Banking, NBFC, Wealth Management, Funds, Institutional Broking, and Commodity Exchanges.
His functional expertise spans Strategy, Business Planning, Financial & Regulatory Reporting, Risk Management, Process Re-engineering, Tax & Treasury Operations. Sandeep has a profound understanding of all spheres of financial services as he has worked in close partnership with businesses to drive P&L performance and a robust control framework. He has worked in diverse cultural environments, managing relationships with key stakeholders such as the Board, Audit Committee, Private Equity Investors, and Regulators.
As a Chief Financial and Operations Officer, he is driven with a mission to enable growth and holds all stakeholders and investors at the helm of every decision for us.
Before joining U GRO Capital, Sandeep worked with ASK Investment Managers Pvt. Ltd. as their SVP & Group Financial Controller. His previous stints have been in dynamic firms such as Bank of America - Merrill Lynch, NCDEX, and ICICI Bank. Sandeep is a Chartered Accountant and CFA (USA) by qualification.
Sunil is the Chief Officer – Legal, Compliance & Secretarial at U GRO Capital and is the primary interface with the Regulators. He brings about 17 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.
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 Executive 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.
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.
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.
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.
Mr. Kapur has over 27 years of experience in investment banking, trading and distressed investment and has been based in Asia for the past 19 years. Before joining PAG, Kanak was a Managing Director at Deutsche Bank’s Strategic Investment Group. He started his career in finance at JP Morgan Chase in New York after completing his MBA from NYU Stern School of Business.
Kanak is a Partner and Portfolio Manager at PAG in the Absolute Returns Group. He is primarily focused on illiquid investment opportunities and is responsible for sourcing, structuring, and executing credit intensive deals across the capital structure.
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.
Mr Navin Puri, brings with him over three decades of expertise in the Banking and Financial services spanning HDFC Bank and ANZ Grindlays Bank. As Country Head - Branch Banking with HDFC Bank, he has built the largest, most profitable and admired financial distribution network, spanning across the whole of India including rural geography.
He has in-depth knowledge and understanding of the Indian Financial Retail Market. He has been the catalyst in driving digitalization and improving customer experience.
Due to his domain expertise, he was the convener of Indian Bankers Association (IBA) sub-committee from 2016-18 and finalized / recommended several model policies on behalf of IBA.
He is Master of Business Administrations (TCU), Chartered Accountant (ICAI), Bachelor of Commerce, (St. Xavier’s College, Calcutta) and ISC from Mayo College Ajmer.
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).
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.
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.
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).
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).