Ugro Capital Limited — Important, 11-04-2025: Updates

UGRO Capital has reported strong growth in its assets under management (AUM), which reached over INR 12,000 Cr at the end of March 2025, a 33% increase from the previous year. The company achieved its highest net loan origination, exceeding INR 2,450 Cr, driven by robust performance in its Emerging Market Loan Against Property (LAP) and its embedded finance platform, MSL, which has surpassed INR 700 Cr in AUM. Emerging Market LAP originations have significantly grown to INR 660 Cr from INR 203 Cr year-over-year, indicating this segment's rising importance, with expectations to contribute about 35% to AUM by March 2026.

The liability profile remains diversified, with total debt at approximately INR 6,800 Cr, of which 46% comes from banks, 28% from capital markets, and 28% from development and financial institutions (DFIs). The number of active lenders has grown, reflecting a solid base for expansion. Overall, UGRO Capital demonstrates a positive outlook with significant growth opportunities in the MSME lending space through strategic enhancements and market penetration.