News | UGRO Capital Confirms No Job Cuts Post-Profectus Acquisition, Projects ₹115 Cr Profit Surge

UGRO Capital Confirms No Job Cuts Post-Profectus Acquisition, Projects ₹115 Cr Profit Surge

News

18 June 2025

1 min read

UBS Forums

420

In a strategic move reinforcing its growth trajectory, UGRO Capital has ruled out any job cuts following its acquisition of Profectus Capital. The company emphasized that the integration will be seamless and growth-oriented, with a strong focus on expanding credit offerings to the MSME sector.

UGRO Capital expects to report a significant ₹115 crore profit gain from the acquisition, driven by Profectus’ quality loan book and robust underwriting practices. This deal marks a key milestone in UGRO’s mission to deepen its presence in the secured lending space, particularly among small businesses.

Founder and Managing Director Shachindra Nath stated that the consolidation aligns with UGRO’s long-term vision to build a leading MSME-focused lending institution without compromising on human capital.

With this acquisition, UGRO Capital is poised to scale its book size, improve profitability, and strengthen its position as a key player in India’s MSME lending ecosystem.

Reference: ETBFSI