• About
  • Advertise
  • Privacy & Policy
  • Contact
PrimeView
  • Home
  • CEO Stories
  • Industry Insider
    • AUTOMOBILE
    • Business
    • Education
    • Energy
    • Finance
    • Healthcare
    • Marketing
    • Law & Legal
  • Magazines
  • Women in Business
  • News
  • Press Release
No Result
View All Result
  • Home
  • CEO Stories
  • Industry Insider
    • AUTOMOBILE
    • Business
    • Education
    • Energy
    • Finance
    • Healthcare
    • Marketing
    • Law & Legal
  • Magazines
  • Women in Business
  • News
  • Press Release
No Result
View All Result
PrimeView
Home Press Release
RBI Monetary Policy measures for MSMEs | Quote by U GRO Capital

RBI Monetary Policy measures for MSMEs | Quote by U GRO Capital

U GRO Capital to become the first FinTech Lending platform to be listed on both stock exchanges starting August 11

prime by prime
Share on FacebookShare on Twitter

U GRO Capital, a technology enabled small business lending NBFC, today announced that it will get listed on the National Stock Exchange (NSE) on August 11. The company is listed on Bombay Stock Exchange (BSE) and with the NSE listing, the company aims to expand access to a larger set of investors and broker network. U GRO Capital’s fully paid-up 70,528,550 shares with face value of Rs. 10 each, symbol UGROCAP and series EQ, will be admitted to dealings on NSE.

U GRO Capital was instituted in 2017 by Mr. Shachindra Nath, with the buyout of Chokhani Securities Limited. This followed its re-capitalization and rebranding with a Tech-enabled MSME Lending Business model and diverse management team amassing 250 years of combined experience across the financial spectrum. The company has raised approximately INR 920 crore of capital from a diversified set of institutional investors like private equity funds and well-known family offices. 

This model of acquiring a small, listed company and raising significant capital to build a FinTech platform was an industry first conceptualization. In most cases, the benefit of value creation through early-stage formation is only available to private investors. This distinctive model was adopted by U GRO Capital to provide the similar benefit to millions of retail investors in public markets.

The company is focused on addressing capital needs of small businesses operating in select eight sectors & Microenterprises by providing customized loan solutions. Towards the realization of the same, the company has built a distinctive technology architecture, a robust and highly efficient distribution channel. This has allowed the company to scale up to 34 branches across 9 states and serve over 9,000 MSME customers, within just three years of operations.

U GRO aspires to build an INR 20,000 Crores of asset under management in next five years and take approximately 1% market share of the outstanding MSME Credit in India by opening around 270 branches with an aim to serve over lacs of small business customers.

Mr. Shachindra Nath, Executive Chairman and Managing Director, U GRO Capital said, “We, at U GRO Capital, are delighted and consider getting listed on National Stock Exchange as a significant milestone. With this development, we aim to expand access to a larger set of investors and broker community. Our progress in three years has resonated well with our mission of solving the unsolved MSME credit gap. Continuing the momentum of achieving significant milestones as this, we plan to acquire 1% market share of the MSME lending business in India in the next five years, thereby creating value for our growing investor community.”

About U GRO Capital Ltd.:

U GRO Capital limited is a BSE listed, small business lending fintech platform. The Company is focused on addressing capital needs of small businesses operating in select eight sectors and Microenterprises by providing customized loan solutions.

U GRO Capital’s mission is ‘Solve the Unsolved’ – Small Business Credit Need. U GRO Capital 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 ~₹ 920 crore of capital from a diversified set of institutional investors like private equity funds and well-known family offices. The Company strives to build a strong SME financing platform based on sectoral understanding supplemented by a fully integrated technology and analytics platform

Tags: FinTech Lending platformU GRO Capital
prime

prime

Related Posts

LGBT health and wellness experts

Borderless.lgbt launched the world’s first LGBT health and wellness cloud starting from Bengaluru, India

December 19, 2022
Vinculum Co-founder launches Trangile

Vinculum Co-founder launches Trangile, a consulting-led and domain-expertise driven tech services firm; sets up global development center in Delhi NCR

November 24, 2022
Khadi Fashion Show

Khadi Fashion Show for Specially-Abled Children, promoted by Fashinza

November 24, 2022
coral reefs

Steep population rise over 20 years near coastal areas endangers coral reefs: University of Essex research

November 24, 2022
Rs. 50 lakh prize money pool for INBL National league

Rs. 50 lakh prize money pool for INBL National league; Team logos and jerseys unveiled for BFI’s first ever National League

November 24, 2022
AppViewX continues to strengthen its presence in India

AppViewX continues to strengthen its presence in India; announces Deloitte Technology Fast 500 ranking for 2022

November 24, 2022

Company Info

  • About us
  • Contact us
  • Privacy Policy
  • Terms & conditions

Our Services

  • Guest Blogging
  • Magazines
  • Press Release
  • Advertise with us
  • The 10 Most Trailblazing Business Leaders To Watch in 2023
  • Corinne Lepage | The 10 Most Influential Leaders in Legal Services, 2022
  • Andrew Wallace | CIO Elite League 2022
Tweets by Prime_View

Prime View Magazine showcase the wonderful stories of Founder’s, CEO’s, VP’s, Director’s and business and the unique services offered by them. Our website is one of the best online and digital platform for latest business news information.

Read More...
+1 (217) 501-4344
info@primeview.co

@2022 - All Right Reserved | Designed and Developed by Prime View.

No Result
View All Result
  • Home
  • CEO Stories
  • Industry Insider
    • AUTOMOBILE
    • Business
    • Education
    • Energy
    • Finance
    • Healthcare
    • Marketing
    • Law & Legal
  • Magazines
  • Women in Business
  • News
  • Press Release

@2022 - All Right Reserved | Designed and Developed by Prime View.