UGRO Capital has appointed Anuj Pandey as its new Chief Executive Officer (CEO).
A founding team member and the company’s current Chief Risk Officer, Pandey steps into the role at a pivotal moment in UGRO’s growth trajectory. The announcement underscores UGRO’s focus on institutional leadership as it expands its MSME financing portfolio across India.
With nearly 25 years of experience across organisations such as GSK Consumer, ABN AMRO, Barclays Bank, and Religare, Pandey has played a critical role in shaping UGRO’s risk governance and credit architecture since its inception.
An alumnus of IIM Lucknow and a mechanical engineering graduate, he now takes over the reins of UGRO’s nationwide operations, digital lending platforms, and partner ecosystem. He will report directly to Shachindra Nath, Founder, Vice Chairman, and Managing Director, who will continue to oversee strategic vision, investor relations, and governance.
Pandey’s elevation coincides with UGRO Capital surpassing Rs 12,000 crore in assets under management, the expansion of its branch network to over 300 locations, the strategic acquisition of Profectus Capital, and a substantial capital raise.
Nath emphasised the move as a strategic step in UGRO’s evolution, noting that Pandey’s deep expertise in MSME lending and data-driven risk management makes him the ideal candidate to lead the company’s operational journey.
Reflecting on his new role, Pandey expressed enthusiasm for driving the next phase of UGRO’s mission, particularly in expanding its MSME outreach, embedded finance solutions, and technology-driven innovations aimed at bridging India’s small business credit gap.
The appointment reflects UGRO’s continued commitment to blending entrepreneurial agility with robust institutional governance as it positions itself to become India’s most trusted name in MSME finance.
UGRO Capital, listed on NSE and BSE, operates as a DataTech lending platform focused on “Solving the Unsolved” credit gap in India. The company leverages its proprietary AI/ML-driven GRO Score (3.0) for customer risk ranking and offers various platforms such as GRO Plus, GRO Chain, GRO Xstream, and GRO X to streamline MSME financing.
With co-lending partnerships involving 17 banks and NBFCs and an expanding off-balance sheet portfolio, UGRO aims to capture a one per cent market share in MSME lending within the next three years.
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