Ugro Capital has entered into micro-loan segment with a new vertical to support the unorganised small businesses in non-metro markets, and plans to sell one-third of its credit target from this segment. To begin with, the new vertical, called 'Gro Micro', will have 25 branches across Karnataka, Tamil Nadu, Gujarat, Telangana and Rajasthan. The company has a net disbursement target of Rs 2,500 crore for 2021-22 and 30 per cent of this expected to come from the new vertical. Since June 2020, the company has sold over Rs 750 crore loans which in the first year of operations was only Rs 850 crore and currently, the active loans or assets under management stand at Rs 1,200 crore.
Ugro Capital is engaged in providing financial services.
Company Name | CMP |
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Bajaj Finance | 6729.85 |
Shriram Finance | 2502.00 |
Aditya Birla Capital | 232.15 |
SBI Cards AndPayment | 751.70 |
Chola Invest & Fin. | 1174.00 |
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