Shachindra Nath
| Shachindra Nath | |
|---|---|
| Born | c. October 1978 (age 47) Varanasi, Uttar Pradesh, India |
| 🏫 Education | Banaras Hindu University |
| 💼 Occupation | |
| Known for | Managing director of UGRO Capital Limited |
Shachindra Nath is an Indian financier and entrepreneur. He is the founder and managing director of UGRO Capital, a publicly listed non-banking financial company (NBFC) that lends to micro, small and medium enterprises. He previously served as group chief executive officer of Religare Enterprises Limited.[1]
Early life and education
Nath was born in Varanasi, Uttar Pradesh.[2] He earned a Bachelor of Commerce (B.Com.) and a Bachelor of Laws (LL.B.) from Banaras Hindu University.[3]
Career
Nath began his career in the financial sector with Landmark Partners and Northgate Capital, both private investment firms. At Landmark Partners, he worked in asset management, and at Northgate Capital he worked in private equity and venture capital.[4]
In 2006, he joined Religare Enterprises as chief operating officer. He was appointed group chief executive officer in 2010, a role in which he oversaw the company’s activities across its financial services businesses. By 2011 Religare reported substantial financial losses. Nath proposed a private equity–backed buyout plan, reported at approximately INR 8,400 crore, aimed at restructuring the company with a focus on small-business lending; the plan was not implemented. Following internal disputes within the company, Nath left Religare in December 2015.[1]
In 2018, Nath led the acquisition, recapitalisation and rebranding of Chokhani Securities as UGRO Capital.[5][6] As reported by Inc42 Media, Nath presented his business plan to 121 investors before securing funding from TPG NewQuest, PAG, ADV Capital, and Samena Capital. The company completed an initial fundraising round of approximately INR 950 crore within four months of its inception.[7] UGRO Capital was established as a publicly listed non-banking financial company (NBFC) focused on lending to micro, small and medium enterprises (MSMEs).[4][8]
Board membership
Nath is the co-chairman for NBFC and Infrastructure Financing of ASSOCHAM.[9] In 2023, he joined the board of the Finance Industry Development Council (FIDC), an industry body representing NBFCs in India.[10][5]
References
- ↑ 1.0 1.1 Sarika, Swet (December 7, 2018). "NBFCs are here to stay but need to build niches: U Gro Capital's Shachindra Nath". VCCircle.
- ↑ Raghunathan, Jayanthi (2023-12-01). "Funding big dreams of small businesses..." Industrial Economist.
- ↑ Sarika, Sweta (July 13, 2016). "Former Religare CEO Shachindra Nath joins Orbis Capital board". VCCircle.
- ↑ 4.0 4.1 Agarwal, Meha (2024-07-11). "U GRO Capital's Stellar FY24: Unboxing The NBFC's Success Tools That Led To A 200% Net Profit Surge". Inc42 Media.
- ↑ 5.0 5.1 "U GRO Capital's founder & MD Shachindra Nath joins FIDC Board". The Financial Express. 2023-11-24.
- ↑ "Shachindra Nath outlines Budget 2024 wishlist for MSMEs: A focus on credit and digital empowerment - BusinessToday". Business Today. 2024-07-13.
- ↑ "Shachindra Nath, Founder & Managing Director of U GRO Capital joins FIDC Board". Elets BFSI. 2023-11-23.
- ↑ Ramanatahn, Ajay (November 1, 2025). "Ugro Capital's Nath on leveraging Profectus buy, disbursal trends, and more". VCCircle. Retrieved 2025-11-15.
- ↑ Singh, Bikash (2023-11-30). "Microfinance institutions crucial for financial inclusion, says Assam IAS officer". The Economic Times. ISSN 0013-0389.
- ↑ "UGRO Capital's Shachindra Nath joins FIDC Board". The Economic Times. Nov 23, 2023.
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