UGRO Capital, a datatech NBFC focused on MSME lending, announced the elevation of Anuj Pandey as the Chief Executive Officer (CEO). Anuj is one of the founding team members of UGRO and is currently its Chief Risk Officer.
Anuj has been an integral part of UGRO since its inception, having built the Company’s 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’s pan-India MSME business operations, digital platforms, and partner ecosystem. He will report to Mr. Shachindra Nath, Founder, Vice Chairman and Managing Director, who will continue to guide the Company’s long-term strategy, investor partnerships, and governance.
Shachindra Nath, Founder and Managing Director, UGRO Capital, said, “Anuj’s elevation as CEO is a natural progression in UGRO’s 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’s 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’s largest financial institution for MSME financing.”
Anuj Pandey, CEO, UGRO Capital, said, “I have been working with Shachindra for last 7 years even prior to our formation. Being part of UGRO’s founding journey has been a privilege. I look forward to leading the next phase of growth — expanding our MSME reach, scaling embedded finance, and continuing our mission of ‘solving the unsolved’ credit gap with discipline and innovation.”
This appointment comes at a defining moment for UGRO, having crossed ₹12,000 crores AUM in MSME financing, built over 300 branches, and announced the strategic acquisition of Profectus Capital and a large capital raise.
