U GRO Capital will get listed on the National Stock Exchange (NSE) on August 11. The company is already listed on Bombay Stock Exchange (BSE) and with the NSE listing, the company has become India’s first FinTech Lending platform to be listed on both stock exchanges.
U GRO Capital was instituted in 2017 by Shachindra Nath, with the buyout of Chokhani Securities Limited.
U GRO is aiming at building a Rs 20,000 Crores of asset under management in next five years and take approximately 1% market share of the outstanding MSME Credit in India by opening around 270 branches with an aim to serve over lakhs of small business customers.
Shachindra Nath, Executive Chairman and Managing Director, U GRO Capital said, “We, at U GRO Capital, are delighted and consider getting listed on National Stock Exchange as a significant milestone. With this development, we aim to expand access to a larger set of investors and broker community. Our progress in three years has resonated well with our mission of solving the unsolved MSME credit gap. Continuing the momentum of achieving significant milestones as this, we plan to acquire 1% market share of the MSME lending business in India in the next five years, thereby creating value for our growing investor community.”