Mumbai: UGRO Capital Limited, a DataTech-driven NBFC at the forefront of MSME lending in India, has announced the elevation of Anuj Pandey as its new Chief Executive Officer (CEO). A founding team member and the company’s current Chief Risk Officer, Anuj’s appointment signals UGRO’s continued focus on institutionalizing leadership as it scales its lending franchise across the country.
Anuj Pandey has been pivotal to UGRO since its inception, having architected its comprehensive risk governance framework and credit underwriting model. With over 25 years of cross-functional experience across GSK Consumer, ABN AMRO Bank, Barclays, and Religare, Anuj holds a B.Tech in Mechanical Engineering and is an alumnus of IIM Lucknow.
In his new role, Anuj will oversee UGRO’s pan-India MSME business operations, digital platforms, and its expanding partner ecosystem. He will report to Mr. Shachindra Nath, Founder, Vice Chairman & Managing Director, who will continue to steer UGRO’s long-term strategic direction, investor relations, and governance.
The leadership transition comes at a critical growth phase for UGRO. With ₹12,000 crore in AUM, the company has established 300+ branches, announced a strategic acquisition of Profectus Capital, and completed a significant capital raise—marking its readiness to scale further.
Shachindra Nath, commenting on the appointment, 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, on his elevation, added, “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 leadership shift reinforces UGRO Capital’s long-term vision of combining entrepreneurial agility with institutional governance as it accelerates toward becoming India’s most trusted MSME lender.
