Ugro Capital Limited has informed the Exchange regarding a press release dated Jun 24, 2025, titled "Ugro Capital elevates Anuj Pandey as it s Chief Executive Officer".
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Ugro Capital has promoted Anuj Pandey, its current Chief Risk Officer and a founding team member, to the position of Chief Executive Officer. Pandey brings around 25 years of experience across GSK Consumer, ABN AMRO, Barclays and Religare, and will lead the company's pan-India MSME business, digital platforms and partner ecosystem. He will report to Shachindra Nath, the Founder, Vice Chairman and Managing Director, who will continue to oversee long-term strategy, investor partnerships and governance. The move comes as Ugro Capital has crossed ₹12,000 crore in AUM, completed over 300 branches, announced the acquisition of Profectus Capital, and recently concluded a large capital raise.
This is an internal leadership transition rather than a disruption, likely providing continuity for shareholders. The clear division of responsibilities between the new CEO (operations) and the founder-MD (strategy/governance) may support smoother execution of the MSME growth plan, though the market will watch for delivery on the Profectus Capital integration and capital deployment.