Empowering MSMEs

In conversation with Amit Mande, Chief Revenue Officer, U GRO Capital

Discover how U GRO Capital is transforming MSME financing through data and technology in this exclusive interview. Explore their vision to cater to the diverse needs of MSMEs, leveraging data analytics and ML to offer tailored solutions.

Could you summarise U GRO Capital's journey and its leadership in MSME financing?

U GRO Capital is a Data Tech NBFC dedicated to MSME lending and servicing all needs of all MSMEs. It was started 5 years ago with an aim to 'Solve the Unsolved' - the burgeoning credit gap of MSMEs in India, thus revolutionizing the MSME lending ecosystem. Today, we are committed to the path like never before, with an aim to acquire 1 million customers and capture 1% market share of the larger MSME lending market over the next three years.

The digitisation of data, including UPI and GST, presented new opportunities to overcome traditional lending methods based on collaterals or financials, and that is how U GRO Capital was founded in 2018. We pioneered cashflow-based lending with a starting capital base of INR1000 crores and strategic data analytics investments. Our commitment to understanding and meeting the genuine needs of MSMEs has driven our growth. Today, with a diverse portfolio spanning secured and unsecured lending, equipment finance, supply chain finance, green finance, and micro-enterprises, we operate over 100 branches nationwide. Our vision is to become the largest small-business financing institution in India, driven by data and technology.

What innovative products utilising data and ML does your company offer to transform MSMEs and SMEs financially?