UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

“UGRO Capital is set to expand from its current 105 locations to 250 locations this year and 400 locations next year. All of this physical infrastructure is being built in tier II to tier V towns,” says Shachindra Nath, Founder & MD of UGRO Capital. The company’s focus is on the micro-enterprises segment in these cities and towns, with around 60% to 70% of their loan book targeted towards this market.

UGRO Capital is also expanding its presence in states like UP, MP, Andhra, and Maharashtra, in addition to their existing locations in the south and north. Shachindra Nath has recently been appointed as the head of Assocham NBFC and Infra Committee, where he plans to address the challenges faced by smaller NBFCs in terms of reach, co-lending partnerships with larger banks, availability of capital, and cost of capital.

The government’s focus on tier II to tier V towns is expected to boost UGRO Capital’s business in the coming years. The company has raised significant capital and is leveraging digital and physical infrastructure to expand their reach and grow their business in the MSME financing sector. UGRO Capital aims to become a large institution with a target of reaching 20,000 crore in the next 8 to 10 quarters.