UGRO Capital appoints Kishore Lodha as Chief Financial Officer

2 Sep 2022 , 09:17 AM

U GRO Capital Limited, has announced the appointment of Kishore Lodha as its CFO with effect from September 15, 2022.

Lodha is a qualified CA and brings with him 20+ years of Industry experience. Kishore Lodha is currently the CFO of Hinduja Leyland Finance and in past has been in a similar role with various other leading organizations including Future group and SREI Infrastructure. He has held various offices in the finance vertical ranging from managing taxation, accounting, financial controller, RBI Compliance, and treasury.

Shachindra Nath, Vice Chairman and Managing Director of U GRO said, “We welcome Kishore Lodha in our management team as the Chief Financial Officer. Over a period of the last few years, we have built a great organization around asset origination and credit delivery and with Kishore joining us we believe that Finance and Treasury would be augmented to support our growth momentum. The entire management team wishes him a successful journey at U GRO.” 

U GRO over FY21 to FY22 has grown its Asset under Management (‘AUM’) from Rs1,375 crore to Rs3,656 crore and recently has clocked the milestone of Rs4,000 crore.

U GRO’s aim is to reach Rs7,000 crore of AUM by end of FY23 and Rs20,000 crore by end of FY25. U GRO has 63+ lenders and 10+ Co—Lending partners and is emerging as one of India’s largest MSME financing platform.

U GRO has been attracting senior industry leaders to be part of its mission and Kishore Lodha has wide experience of performing the role of CFO for large NBFCs.

At around 9:17 AM, U GRO Capital was trading at Rs195.20 per share higher by 2.09% on the BSE.

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