UGRO Capital Limited has announced the elevation of Anuj Pandey to the position of Chief Executive Officer, effective July 1, 2025. Anuj Pandey has been with UGRO since its inception, serving as Chief Risk Officer and playing a vital role in developing the company’s risk governance and credit architecture frameworks. His appointment as CEO comes at a pivotal time for UGRO Capital, which has recently surpassed ₹12,000 crore in assets under management, expanded its network to over 300 branches, completed the acquisition of Profectus Capital, and secured a significant capital raise.
With nearly 25 years of experience, Pandey’s career spans leadership roles at organisations like GSK Consumer, ABN AMRO Bank, Barclays Bank, and Religare, where he specialised in business and product strategy. He holds a B.Tech in Mechanical Engineering and is an alumnus of the Indian Institute of Management, Lucknow. As CEO, Pandey will oversee UGRO’s nationwide MSME business operations, digital platforms, and partner ecosystem, reporting to Shachindra Nath, the company’s Founder, Vice Chairman, and Managing Director, who will continue to focus on long-term strategy, governance, and investor relations.
This leadership transition is seen as a natural progression for UGRO Capital as it seeks to strengthen its institutional leadership and scale its MSME lending franchise. Shachindra Nath remarked that Pandey’s deep expertise in MSME lending, risk, and technology-driven operations makes him ideally suited to lead the company’s execution, while Nath remains responsible for strategic and governance matters.
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Pandey, reflecting on his new role, expressed enthusiasm for leading UGRO’s next phase of growth, with a focus on expanding MSME reach, scaling embedded finance, and addressing the credit gap with innovation and discipline. The move underscores UGRO Capital’s commitment to combining entrepreneurial agility with strong governance, positioning the company for continued growth and innovation in the MSME financing sector.
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