UGRO Capital Elevates Anuj Pandey To CEO As MSME Lending Surpasses ₹12,000 Crore

UGRO Capital Ltd has appointed Anuj Pandey as its new Chief Executive Officer, marking a pivotal leadership transition as the company scales its MSME lending operations. Pandey, a founding team member and former Chief Risk Officer, will now lead UGRO’s pan-India business, digital platforms, and partner ecosystem.

Leadership Highlights

- Anuj Pandey brings over 25 years of experience across GSK Consumer, ABN AMRO Bank, Barclays Bank, and Religare  
- He has been instrumental in building UGRO’s risk governance framework and credit architecture since inception  
- Pandey holds a B.Tech in Mechanical Engineering and is an alumnus of IIM Lucknow  
- He will report to Shachindra Nath, UGRO’s Founder and Managing Director, who will continue to oversee strategic and governance matters  

Strategic Context

- The appointment follows UGRO’s acquisition of Profectus Capital and a large capital raise  
- UGRO has crossed ₹12,000 crore in MSME assets under management and operates over 300 branches nationwide  
- The company aims to deepen its embedded finance offerings and expand its reach across underserved MSME segments  
- Pandey’s elevation is seen as a move to strengthen operational execution while maintaining institutional governance  

Outlook

With a sharpened leadership structure, UGRO is poised to accelerate its mission of solving the MSME credit gap through data-driven lending and scalable digital platforms.

Sources: Economic Times, SMEStreet, StartupTalky, Adda247, BFSI ET.