U GRO Capital Launches SME Lending Operations in Hyderabad
Hyderabad: U GRO Capital, a small-business lending Platform listed on the Bombay Stock Exchange, launches its operations in Telengana.
Opening their Hyderabad office is part of U GRO Capital’s strategy to disburse loans between INR 10 lakhs and 5 crores to small businesses operating in eight identified sectors.
Founded by Mr. Shachindra Nath, a financial services veteran, U GRO Capital aims to create highly customized customer journeys by building sector specific products, assessment frameworks and distribution networks.
U GRO Capital has developed a truly next generation, big data driven lending platform which leverages digital capabilities across the value chain – customer acquisition, credit underwriting, and post-disbursal monitoring.
“Hyderabad is a huge SME hub especially in the healthcare, education and automobile component spaces which are our chosen sectors. We hope to make a positive impact to these customers by providing aspiring entrepreneurs of the state with customized solutions. We wish to partner with them on their growth journey,” said Mr. Shachindra Nath, Executive Chairman & Managing Director, U GRO Capital.
In the initial phase, U GRO Capital will have 9 branches in Ahmedabad, Delhi, Pune, Hyderabad, Chennai, Bengaluru, Kolkata, Jaipur and Mumbai, which will overlap with large SME clusters. The company has evaluated 1,300 channel partners (basis multiple parameters like portfolio performance, technology readiness), of which the company has narrowed down on approximately130 partners.