UGRO CAPITAL LIMITED

About the issuer

UGRO Capital Limited is a non-banking financial company (NBFC) based in Mumbai, India, specializing in providing customized loan solutions to micro, small, and medium enterprises (MSMEs) across various sectors, including healthcare, education, chemicals, food processing, hospitality, electrical equipment, auto components, and light engineering. Established in 1993 as Chokhani Securities Limited, the company rebranded to UGRO Capital in 2018, focusing on bridging the significant credit gap in India's MSME sector. Leveraging advanced data analytics and a vast distribution network, UGRO Capital offers a range of financial products such as secured business loans, machinery financing, supply chain financing, and embedded finance. As of December 2025, the company reported an asset under management (AUM) of ₹15,454 crore and employed over 2,500 individuals across 340 branches nationwide.