Know More. Grow More.


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.

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, 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.

Management Team
Amit Gupta
Amit Gupta
Chief Treasury Officer

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 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.

Nirav B Shah
Nirav B Shah
Head of Strategy and 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 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
Pia Shome
Chief People Officer

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.

Sandeepkumar Zanvar
Sandeepkumar Zanvar
Chief Financial and Operations Officer

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 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 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.