What we do Ugro Capital Limited is a systemically important NBFC focused on MSME lending, offering diversified financial products including secured business loans and embedded finance across multiple sectors. |
Founded in 1,998 |
Market share A leading MSME lender with 33% annual growth and over Rs 15,454 crore AUM as of 2025, expanding branch network across key Indian states. |
Problem solved Addresses India's Rs 103 trillion MSME credit gap by providing tailored loan products for underserved small and medium enterprises. |
Top clients or who we serve Focuses on MSMEs in healthcare, education, chemicals, food processing, hospitality, electrical equipment, auto components and light engineering sectors (B2B). |
Key management Shachindra Nath (Founder & Managing Director) with 26+ years of experience, supported by a professional senior leadership team with extensive industry expertise. |
Our journey and innovations Founded in 1998; rebranded in 2018; significant branch expansion; acquired Embedded Finance fintech platform in 2025; continuous product diversification for MSME lending. |
Where we operate Operates across multiple Indian states including Tamil Nadu, Telangana, Karnataka, Gujarat, Rajasthan and emerging markets within India. |
Top products or what we offer Secured Business Loans, Business Loans, Machinery Loans, Supply Chain Financing, Embedded Finance, and School Financing serving diverse MSME needs. |
Top brands Key loan products: Secured Business Loan, Business Loan, Emerging Market LAP, Machinery Loan, Embedded Finance platform (DTPL) acquisition enhances offerings. |
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Recurring vs cyclical contribution Revenue primarily from recurring interest income on loan portfolio with some variability due to credit disbursement cycles. |
Our industry position Market leader in MSME lending NBFC segment with rapid asset growth and strong risk management maintaining GNPA under 2.5%. |
Financial highlights FY25 revenue Rs 1441.85 Cr, profit Rs 143.93 Cr; 33% AUM growth; robust capital adequacy at 19.41%; diversified borrowings of Rs 6818.73 Cr. |
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Whats driving growth Growth driven by expanding branch network, new product launches, embedded finance acquisition, and strong demand in underserved MSME segments. |
Our future plans Scaling branch network beyond 340 branches, deepening fintech integration, strengthening ESG initiatives and expanding off-book lending platforms. |
Our green promise Implemented Environmental & Social Management System aligned with global ESG standards; committed to responsible MSME finance and sustainability reporting. |
Our people and values 2149 employees with focus on diversity and inclusion; robust governance and whistleblower policies foster ethical culture and employee growth. |
Key challenges ahead Managing credit risk amid rapid growth, regulatory compliance, and competition in digital MSME lending landscape. |
Interesting facts Founder & Managing Director leads with 26+ years’ experience; successful acquisition of DTPL fintech platform to enhance embedded finance offerings. |
Risks and strategy Risk mitigated through comprehensive risk management committee, diversified funding, strict internal controls, and continuous portfolio monitoring. |
