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'''U GRO Capital''' (formerly known as Chokhani securities) an Indian Financial Services company which provides customized loans to MSMEs in India. Its headquartered in [[Mumbai]], India.<ref>{{cite web |title=New Investment to Support Green Finance for Micro, Small and Medium Businesses in India {{!}} Headlines |url=https://www.devdiscourse.com/article/headlines/2496076-new-investment-to-support-green-finance-for-micro-small-and-medium-businesses-in-india |website=Devdiscourse |language=en}}</ref><ref>{{cite web |title=Co-lending: Another bonanza for private capital |url=https://frontline.thehindu.com/columns/C_P_Chandrasekhar/co-lending-another-bonanza-for-private-capital/article38028199.ece |website=frontline.thehindu.com |language=en }}</ref><ref>{{cite web |title=Ugro Capital aims to double loan book to Rs 7,000 crore in FY23 with focus on co-lending |url=https://www.businesstoday.in/latest/corporate/story/ugro-capital-aims-to-double-loan-book-to-rs-7000-crore-in-fy23-with-focus-on-co-lending-342646-2022-07-25 |website=Business Today |language=en }}</ref>

UGRO Capital is a listed company in [[National Stock Exchange of India|National Stock Exchange]] ({{NSE|UGROCAP}}) and [[Bombay Stock Exchange]] ({{BSE|511742}}). The company's shares are traded under the symbol UGROCAP.<ref>{{cite web |title=UGRO Capital (BSE:511742) - Stock Price, News & Analysis |url=https://simplywall.st/stocks/in/diversified-financials/bse-511742/ugro-capital-shares |website=Simply Wall St |language=en}}</ref><ref>{{cite web |title=Ugro Capital Share Price, Ugro Capital Stock Price, Ugro Capital Ltd. Stock Price, Share Price, Live BSE/NSE, Ugro Capital Ltd. Bids Offers. Buy/Sell Ugro Capital Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes |url=https://www.moneycontrol.com/india/stockpricequote/finance-general/ugrocapital/CS08 |website=Moneycontrol.com |language=en}}</ref>

The company's AUM and Net Worth as on Mar-23 was INR 6,081 Cr and INR 984 Cr respectively.<ref>{{cite web |title=UGRO Capital net profit rises two-fold in Q4 |url=https://timesofindia.indiatimes.com/ugro-capital-net-profit-rises-two-fold-in-q4/articleshow/100258533.cms |website=TOI}}</ref>

UGRO Capital is a non-deposit taking NBFC (Non-Banking Financial Company) registered with the [[Reserve Bank of India]].

==History==
In 1994, The company was incorporated in [[Maharashtra]] as a Private Limited Company in the name and style of Chokhani Securities. In 1995, The company had proposed to carry out merchant banking activities and had received an approval in principle from SEBI as Category I Merchant Banker.

The company was acquired by financial services veteran Mr. Shachindra Nath in 2018 and was later changed its name to U GRO Capital.<ref>{{cite web |title=RBI action against M&M Fin won't impact us: U Gro Capital's Sachindra Nath |url=https://www.business-standard.com/article/finance/we-are-in-the-underserved-market-not-unserved-u-gro-capital-vc-md-122100600800_1.html |website=www.business-standard.com }}</ref>

In April 2021, U GRO Capital partnered with [[SBM Bank India]] to launch 'GRO Smart Business' credit card for MSMEs.<ref>{{cite web |title=U GRO Capital partners with SBM Bank India to launch credit card for MSMEs |url=https://economictimes.indiatimes.com/small-biz/sme-sector/u-gro-capital-partners-with-sbm-bank-india-to-launch-credit-card-for-msmes/articleshow/81970371.cms |website=The Economic Times }}</ref>

In July 2021, the company launched 'Pratham', INR 1,000 Cr MSME Co-lending Program in partnership with [[Bank of Baroda]].<ref>{{cite web |title=U GRO Capital ties-up with Bank of Baroda for co-lending, to disburse over Rs 1000 crore - ET BFSI |url=https://bfsi.economictimes.indiatimes.com/news/financial-services/u-gro-capital-ties-up-with-bank-of-baroda-for-co-lending-to-disburse-over-rs-1000-crore/84611815 |website=ETBFSI.com |language=en}}</ref>

In the same year, [[State Bank of India]] and [[Central Bank of India]] entered into a co-lending agreement with U GRO Capital.<ref>{{cite web |title=SBI, U Gro Capital join hands under co-lending scheme |url=https://www.livemint.com/companies/news/sbi-u-gro-capital-join-hands-under-co-lending-scheme-11637135370172.html |website=mint |language=en }}</ref><ref>{{cite web |title=Ugro Capital signs co-lending agreement with Central Bank of India |url=https://www.business-standard.com/article/news-cm/ugro-capital-signs-co-lending-agreement-with-central-bank-of-india-121122200353_1.html |website=www.business-standard.com }}</ref>

In June 2023, [[Investment Fund for Developing Countries|IFU]], a [[Government of Denmark]]'s Development Financial Institution invested DKK 200 million in UGRO Capital to support green finance for MSMEs in India.<ref>{{cite web |title=IFU invests in UGRO Capital to support green finance for MSMEs in India |url=https://economictimes.indiatimes.com/small-biz/sme-sector/ifu-invests-in-ugro-capital-to-support-green-finance-for-msmes-in-india/articleshow/101156106.cms |website=The Economic Times }}</ref>

==Awards==
*Global SME Finance Awards 2022, Financer of the Year for Asia (Silver) in Cambodia<ref>{{cite web |title=IFC backed Global SME Forum awards U GRO Capital Financer of the Year for Asia (Silver) in Cambodia |url=http://businessnewsthisweek.com/business/ifc-backed-global-sme-forum-awards-u-gro-capital-financer-of-the-year-for-asia-silver-in-cambodia/#:~:text=Mumbai%2C%2022nd%20September%202022%3A%20U,Global%20SME%20Finance%20Awards%2C%202022. |website=Business News This Week }}</ref>

== References ==
{{reflist}}

[[Category:Financial services companies of India]]
[[Category:Indian companies established in 1994]]

U GRO Capital - Revision history

Sana Khan: Created a new article format.