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In May 2024, the company acquired the fintech platform MyShubhLife through a cash-and-equity transaction valued at ₹45 crore.<ref>{{Cite news |last=Rag |first=Ajay |date=2024-05-02 |title=Ugro Capital raises Rs 1,322 crore, acquires fintech lender MyShubhLife for Rs 45 crore |url=https://economictimes.indiatimes.com/tech/startups/ugro-capital-acquires-embedded-credit-platform-myshubhlife-for-rs-45-crore/articleshow/109789250.cms |access-date=2025-10-28 |work=The Economic Times |issn=0013-0389}}</ref> The following year, in June 2025, it announced an all-cash agreement to acquire Profectus Capital for ₹1,400 crore.<ref>{{Cite web |last=Narayanan |first=KS Badri |date=2025-06-20 |title=Broker’s call: Ugro Capital (Buy) |url=https://www.thehindubusinessline.com/markets/brokers-call-ugro-capital-buy/article69717953.ece |access-date=2025-10-28 |website=BusinessLine |language=en}}</ref><ref>{{Cite news |date=June 18, 2025 |title=UGRO Capital to Acquire Profectus Capital for INR 1,400 Cr in Strategic All-Cash Deal |url=https://www.entrepreneur.com/en-in/news-and-trends/ugro-capital-to-acquire-profectus-capital-for-inr-1400-cr/493461 |work=Entrepreneur India}}</ref> The acquisition received approval from the [[Reserve Bank of India]] in September 2025.<ref>{{Cite web |last= |first= |date=2025-09-19 |title=UGRO Capital secures RBI approval to acquire Profectus Capital – ET Edge Insights |url=https://etedge-insights.com/trending/ugro-capital-secures-rbi-approval-to-acquire-profectus-capital/,%20https://etedge-insights.com/trending/ugro-capital-secures-rbi-approval-to-acquire-profectus-capital/ |access-date=2025-10-28 |language=en-US}}</ref>

In May 2024, the company acquired the fintech platform MyShubhLife through a cash-and-equity transaction valued at ₹45 crore.<ref>{{Cite news |last=Rag |first=Ajay |date=2024-05-02 |title=Ugro Capital raises Rs 1,322 crore, acquires fintech lender MyShubhLife for Rs 45 crore |url=https://economictimes.indiatimes.com/tech/startups/ugro-capital-acquires-embedded-credit-platform-myshubhlife-for-rs-45-crore/articleshow/109789250.cms |access-date=2025-10-28 |work=The Economic Times |issn=0013-0389}}</ref> The following year, in June 2025, it announced an all-cash agreement to acquire Profectus Capital for ₹1,400 crore.<ref>{{Cite web |last=Narayanan |first=KS Badri |date=2025-06-20 |title=Broker’s call: Ugro Capital (Buy) |url=https://www.thehindubusinessline.com/markets/brokers-call-ugro-capital-buy/article69717953.ece |access-date=2025-10-28 |website=BusinessLine |language=en}}</ref><ref>{{Cite news |date=June 18, 2025 |title=UGRO Capital to Acquire Profectus Capital for INR 1,400 Cr in Strategic All-Cash Deal |url=https://www.entrepreneur.com/en-in/news-and-trends/ugro-capital-to-acquire-profectus-capital-for-inr-1400-cr/493461 |work=Entrepreneur India}}</ref> The acquisition received approval from the [[Reserve Bank of India]] in September 2025.<ref>{{Cite web |last= |first= |date=2025-09-19 |title=UGRO Capital secures RBI approval to acquire Profectus Capital – ET Edge Insights |url=https://etedge-insights.com/trending/ugro-capital-secures-rbi-approval-to-acquire-profectus-capital/,%20https://etedge-insights.com/trending/ugro-capital-secures-rbi-approval-to-acquire-profectus-capital/ |access-date=2025-10-28 |language=en-US}}</ref>

The company works with banks and other [[Non-bank financial institution|NBFC]]<nowiki/>s via co-lending arrangements to expand reach to small businesses.<ref>{{Cite web |last=Gupta |first=Paromita |date=2024-06-19 |title=UGRO Capital Raised INR 1,265 Cr Through Allotment of CCDs and Warrants |url=https://www.entrepreneur.com/en-in/news-and-trends/ugro-capital-raised-inr-1265-cr-through-allotment-of-ccds/475830 |access-date=2025-10-23 |website=Entrepreneur |language=en}}</ref>

== Funding ==

== Funding ==

Revision as of 16:02, 2 February 2026

Financial services company of India

UGRO Capital Limited is an Indian non‐banking financial company (NBFC). Established in 2018, the company operates as a systemically important non-deposit-taking NBFC (NBFC-ND-SI) and is headquartered in Mumbai, Maharashtra. It is listed on the National Stock Exchange of India and the Bombay Stock Exchange.[2]

History

UGRO Capital was founded in 2018 by Shachindra Nath[3] with an initial focus on lending to micro, small, and medium enterprises (MSMEs).[4][5][6] That year, Nath, through Poshika Advisory, acquired control of the publicly listed non-banking financial company Chokhani Securities Limited,[7] which was later restructured and renamed UGRO Capital Limited.[8] In November 2021, it entered a co-lending agreement with the State Bank of India to finance MSMEs under RBI guidelines.[9] In the following years, UGRO Capital raised additional capital, including ₹340.5 crore during the 2022–2023 period.[10] In 2024, it issued equity shares to institutional investors through a preferential allotment, which included investment from the Danish SDG Investment Fund.[11]

In May 2024, the company acquired the fintech platform MyShubhLife through a cash-and-equity transaction valued at ₹45 crore.[12] The following year, in June 2025, it announced an all-cash agreement to acquire Profectus Capital for ₹1,400 crore.[13][14] The acquisition received approval from the Reserve Bank of India in September 2025.[15]

Funding

In 2018, following its shift into MSME lending, UGRO Capital raised approximately ₹950 crore from a consortium of investors that included TPG NewQuest, PAG, ADV Capital, and Samena Capital.[16]

In 2022, the company undertook an equity issue amounting to ₹340.5 crore.[17] During 2022–2023, it also secured funding of ₹240 crore from the Danish SDG Investment Fund.

In the fourth quarter of FY2024, UGRO Capital raised about ₹1,332 crore through a combination of compulsorily convertible debentures (CCDs) and warrants.[18][19]

See also

References

  1. ^ Basu, Sreeradha (2025-06-24). “UGRO Capital elevates Anuj Pandey to CEO”. The Economic Times. ISSN 0013-0389. Retrieved 2025-10-29.
  2. ^ “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.
  3. ^ Jha, Raj (June 24, 2023). “Management Meet Note Ugro Capital – Nuvama” (PDF). Nuvama.
  4. ^ 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.
  5. ^ “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.
  6. ^ Singh, Avinash; Rungta, Kishan; Shah, Mahek (January 28, 2025). “UGRO Capital – Reports | Emkay Research” (PDF). Emkay Global.
  7. ^ “U GRO Capital’s founder & MD Shachindra Nath joins FIDC Board”. The Financial Express. 2023-11-24. Retrieved 2025-10-28.
  8. ^ Galaiya, Karan (29 August 2025). “Ugro Capital Limited | Quarterly Update – Keynote Capitals Ltd” (PDF). Keynote Capitals Ltd.
  9. ^ “SBI, U Gro Capital join hands under co-lending scheme | Company Business News”. Mint. 2021-11-17. Retrieved 2025-10-28.
  10. ^ “UGRO Capital Secures USD 40 Mn Loan from DFC to Empower MSMEs”. Entrepreneur India. October 17, 2024.
  11. ^ 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.
  12. ^ 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.
  13. ^ Narayanan, KS Badri (2025-06-20). “Broker’s call: Ugro Capital (Buy)”. BusinessLine. Retrieved 2025-10-28.
  14. ^ “UGRO Capital to Acquire Profectus Capital for INR 1,400 Cr in Strategic All-Cash Deal”. Entrepreneur India. June 18, 2025.
  15. ^ “UGRO Capital secures RBI approval to acquire Profectus Capital – ET Edge Insights”. 2025-09-19. Retrieved 2025-10-28.
  16. ^ Kaur, Jaspreet (2023-04-11). “Fintech Startup U GRO Secures $41.3 Mn To Offer Credit To MSMEs”. Inc42 Media. Retrieved 2025-10-28.
  17. ^ Jose, Teena (2023-04-11). “UGRO Capital Limited Announces Equity Capital Raise Of INR 340 Crore”. Entrepreneur. Retrieved 2025-10-28.
  18. ^ 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.
  19. ^ “UGRO Capital To Raise INR 1,332 Cr Via CCDs & Warrants”. Inc42 Media. 2024-05-03. Retrieved 2025-10-28.

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