Please give us a brief overview about U GRO Capital and its business operation in India.
U GRO Capital limited is a BSE listed, small business lending fintech platform which was instituted with the buyout of Chokhani Securities Ltd, followed by its re-capitalization and rebranding with new management team and business model. The company leverages its deep expertise around core sectors of MSMEs in India and follows a data-centric and technology-enabled approach. Built on the fundamental pillars of knowledge and technology, the Company is focused on solving the unsolved credit gap of MSMEs. U GRO Capital has shortlisted 8 sectors basis an 18-month process involving extensive study of macro and microeconomic parameters carried out in conjunction with market experts like CRISIL. The eight sectors shortlisted are Healthcare, Education, Chemicals, Food Processing / FMCG, Hospitality, Electrical Equipment and Components, Auto Components, Light Engineering. The Company additionally lends to microenterprises, which behave as a monolith and act a pseudo ninth sector. U GRO Capital has an extensive network of 34 branches and presence in 8 states across India. Within each sector U GRO has identified several subsectors to lend to.
This story is from the August 2021 edition of Food & Beverages Processing.
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This story is from the August 2021 edition of Food & Beverages Processing.
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