UGRO Capital Limited has reached a significant milestone by crossing ₹10,000 crore in Assets Under Management (AUM) during the second quarter of FY25. The company’s total AUM stood at ₹10,200 crore by the end of September 2024, reflecting robust growth from ₹2,970 crore in March 2022. This achievement highlights UGRO’s continued focus on MSME lending and its DataTech-driven approach to financial solutions.
In Q2 FY25, UGRO saw its highest-ever quarterly net loan originations, totaling ₹1,970 crore, a 72% increase compared to ₹1,146 crore in the previous quarter. The company also experienced significant growth in its Micro Enterprises Loan segment, originating loans worth ₹450 crore, up from ₹209 crore in Q1 FY25. The expansion of UGRO’s branch network, which now includes 210 branches, played a key role in driving this growth.
Additionally, UGRO achieved a new high in co-lending volumes, reaching ₹600 crore for the quarter, with partnerships across 9 banks and 7 NBFCs. Off-book AUM now accounts for approximately 44% of the company’s total assets. UGRO also raised ₹1,100 crore in borrowings, marking its highest-ever borrowing figure.
Commenting on the company’s performance, Shachindra Nath, Founder and Managing Director, emphasized UGRO’s commitment to supporting MSMEs through innovative financial solutions. With a strengthened borrowing profile and strategic investments, the company remains focused on continued growth.
