U GRO Capital
Formerly | Chokhani Securities |
|---|---|
| Public | |
| Traded as | BSE: 511742 |
| ISIN | 🆔INE583D01011 |
| Industry | Financial services |
| Founded 📆 | 1993 |
| Founder 👔 | |
| Headquarters 🏙️ | , |
Area served 🗺️ | India |
Key people | Shachindra Nath (chairman & promoter) |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
U GRO Capital is a publicly listed non-bank financial institution providing debt financing to MSMEs (Micro, Small and Medium Enterprises) and Indian consumers, established in 1993.[1][2][3][4] U GRO Capital was established after the acquisition of Chokhani Securities and revamping of the management team in December 2017.[2] The company is listed on the Bombay Stock Exchange.
As on March 31, 2020, U GRO Capital's AUM was ₹ 861 Crore and the NBFC had 165 employees on rolls. The company raised approximately US$ 140 Mn from a diversified set of global private equity investors such as NewQuest, ADV Partners, PAG and Samena Capital and public market investors such as Abakkus, PNB MetLife and multiple Indian family offices.[5][2][6]
In November 2019, the company partnered with the State Bank of India to offer credit at a competitive rate of interest.[7]
The company won 'The Most Trusted Emerging NBFC' at India's Most Trusted Brands, Companies & Education Awards 2019.[8]
See also
References
- ↑ "SME-focused Ugro Capital eyes over Rs 1,000 crore loan book by March". The Economic Times. August 12, 2019.
- ↑ 2.0 2.1 2.2 "Chokhani Securities Rebranded as UGRO Capital by the New Promoter, Shachindra Nath". Silicon India. 23 April 2019.
- ↑ "Small business lender U GRO Capital gives 3-month moratorium to help borrowers manage cash flows". The Financial Express (India). April 1, 2020.
- ↑ "U GRO Capital disburses Rs 500 crore of debt since January". The Hindu Business Line. August 28, 2019.
- ↑ Soni, Sandeep (October 7, 2019). "U Gro Capital tie-ups with Bank of Baroda to lend to SMEs; raising Rs 75 cr from Sachin Bansal, Poonawalla". The Financial Express.
- ↑ "ચોખાણી સિક્યોરિટીઝે 1,000 કરોડ એકત્રિત કર્યા" (in Gujarati). Vyaapaar Samachar. July 31, 2018.CS1 maint: Unrecognized language (link)
- ↑ "U GRO Capital signs loan co-origination partnership with SBI". The Hindu Business Line. November 25, 2019.
- ↑ "Annual Report 2019" (PDF). Retrieved 2020-07-06.
External links
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