UGRO Capital Appoints Anuj Pandey as CEO

In a significant leadership development, non-banking financial company (NBFC) UGRO Capital has appointed Anuj Pandey as its new Chief Executive Officer (CEO). A founding team member and the company’s current Chief Risk Officer (CRO), Pandey’s elevation marks a strategic shift aimed at strengthening UGRO’s core operations and credit governance.

Why in News?

UGRO Capital announced the appointment of Anuj Pandey as CEO on June 24, 2025, emphasizing continuity and deep domain expertise at the helm. The decision aligns with the NBFC’s aim to scale operations while maintaining a robust risk framework.

About the Appointment

• New CEO: Anuj Pandey
• Current Role: Chief Risk Officer (CRO) at UGRO
• Reporting to: Shachindra Nath (Founder and Managing Director)
• Announcement Date: June 24, 2025
• Location: Mumbai

About Anuj Pandey

• UGRO Founding Member: Instrumental in shaping the risk governance and credit architecture of the company.
• Industry Experience: Nearly 25 years in financial and strategic roles.

Previous Companies

• GSK Consumer
• ABN AMRO Bank
• Barclays Bank
• Religare

About UGRO Capital

Type: Non-Banking Financial Company (NBFC)

Focus Areas: MSME financing, data-driven credit decisioning, and digital lending

Founder & MD: Shachindra Nath

Strategic Goals

• Expand MSME outreach
• Maintain strong governance
• Deepen investor relations

Significance of the Appointment

• Reinforces internal leadership succession.
• Aims to ensure credit quality and risk mitigation as UGRO scales.
• Pandey’s appointment is seen as a move to deepen operational resilience while the MD continues to focus on long-term strategic initiatives.