UGRO Capital Appoints Anuj Pandey as Chief Executive Officer
28 Jun 2025
2 Min Read
CW Team
UGRO Capital, a leading DataTech NBFC focused on MSME lending, today announced the elevation of Anuj Pandey, as the Chief Executive Officer (CEO) of the Company. Anuj is one of the founding team members of UGRO and currently its Chief Risk Officer. The appointment reflects UGRO鈥檚 commitment to strengthening institutional leadership as it scales its MSME lending franchise. Anuj has been an integral part of UGRO since inception, having built the Company鈥檚 risk governance framework and credit architecture. He brings around twenty-five years of diverse experience across companies like GSK consumer, ABN AMRO Bank, Barclays Bank & Religare where he held leadership roles in business and product strategy. He holds a B. Tech degree in Mechanical Engineering and is an alumnus of the Indian Institute of Management, Lucknow.
In his elevated role as CEO, Anuj will lead UGRO鈥檚 pan-India MSME business operations, digital platforms, and partner ecosystem. He will report to Shachindra Nath, Founder, Vice Chairman and Managing Director, who will continue to guide the Company鈥檚 long-term strategy, investor partnerships, and governance.
This appointment comes at a defining moment for UGRO, having crossed 鈧�12,000 Crores AUM in MSME financing, built over 300 branches, announced the strategic acquisition of Profectus Capital and a large capital raise.
Commenting on the appointment, Shachindra Nath, Founder and Managing Director, UGRO Capital, said:
鈥淎nuj鈥檚 elevation as CEO is a natural progression in UGRO鈥檚 evolution as an institution. As a founding member and Chief Risk Officer, his deep understanding of MSME lending, risk, and technology-driven operations makes him ideally suited to lead execution. I will remain fully accountable for UGRO鈥檚 strategic and governance matters, while Anuj takes full charge of the business. With recently concluded acquisition of Profectus and a large capital raise, I along with my Board felt that UGRO should be steered under one strong hand who exclusively focuses on the operating performance while I continue to focus on the strategic agenda of making UGRO as India鈥檚 largest financial institution for MSME financing.鈥�
Anuj Pandey, CEO, UGRO Capital, added, 鈥淚 have been working with Shachindra for last 7 years even prior to our formation. Being part of UGRO鈥檚 founding journey has been a privilege. I look forward to leading the next phase of growth 鈥� expanding our MSME reach, scaling embedded finance, and continuing our mission of 鈥榮olving the unsolved鈥� credit gap with discipline and innovation.鈥�
UGRO Capital, a leading DataTech NBFC focused on MSME lending, today announced the elevation of Anuj Pandey, as the Chief Executive Officer (CEO) of the Company. Anuj is one of the founding team members of UGRO and currently its Chief Risk Officer. The appointment reflects UGRO鈥檚 commitment to strengthening institutional leadership as it scales its MSME lending franchise. Anuj has been an integral part of UGRO since inception, having built the Company鈥檚 risk governance framework and credit architecture. He brings around twenty-five years of diverse experience across companies like GSK consumer, ABN AMRO Bank, Barclays Bank & Religare where he held leadership roles in business and product strategy. He holds a B. Tech degree in Mechanical Engineering and is an alumnus of the Indian Institute of Management, Lucknow.In his elevated role as CEO, Anuj will lead UGRO鈥檚 pan-India MSME business operations, digital platforms, and partner ecosystem. He will report to Shachindra Nath, Founder, Vice Chairman and Managing Director, who will continue to guide the Company鈥檚 long-term strategy, investor partnerships, and governance.This appointment comes at a defining moment for UGRO, having crossed 鈧�12,000 Crores AUM in MSME financing, built over 300 branches, announced the strategic acquisition of Profectus Capital and a large capital raise.Commenting on the appointment, Shachindra Nath, Founder and Managing Director, UGRO Capital, said:鈥淎nuj鈥檚 elevation as CEO is a natural progression in UGRO鈥檚 evolution as an institution. As a founding member and Chief Risk Officer, his deep understanding of MSME lending, risk, and technology-driven operations makes him ideally suited to lead execution. I will remain fully accountable for UGRO鈥檚 strategic and governance matters, while Anuj takes full charge of the business. With recently concluded acquisition of Profectus and a large capital raise, I along with my Board felt that UGRO should be steered under one strong hand who exclusively focuses on the operating performance while I continue to focus on the strategic agenda of making UGRO as India鈥檚 largest financial institution for MSME financing.鈥滱nuj Pandey, CEO, UGRO Capital, added, 鈥淚 have been working with Shachindra for last 7 years even prior to our formation. Being part of UGRO鈥檚 founding journey has been a privilege. I look forward to leading the next phase of growth 鈥� expanding our MSME reach, scaling embedded finance, and continuing our mission of 鈥榮olving the unsolved鈥� credit gap with discipline and innovation.鈥�
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