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UGRO Capital to buy Profectus for ₹1,400 crore
Financial Express Chandigarh
|June 18, 2025
NON-BANKING FINANCE company (NBFC) UGRO Capital Tuesday said it will acquire 100% stake in Profectus Capital for ₹1,400 crore in an all-cash deal, according to a statement.
In a statement, the non-bank lender said that its geographic and product alignment in secured loans against property, machinery finance, and supply chain finance will drive operational efficiencies, resulting in cost savings of ₹115 crore and incremental profitability of ₹150 crore. This, it added, is expected to boost return on assets by 0.6-0.7% once the post-acquisition merger is complete.
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