U GRO appoints Global Value Creation Partners to develop its MSME financing platform

By Priyanka Pani

U GRO entered into a multi‐year engagement with Global Value Partners (GVCP) to help and develop its MSME financing platform. Founded by Sanjeev Goel, a former International Finance Corporation (IFC)  executive, GVCP promotes economic and societal development in emerging markets.

GVCP will support the small business lender in solving the issues attached to access of credit in India. The engagement will also help the Mumbai-based firm to accelerate its development as an ESG lender and foster domestic and global partnerships.

As a part of the engagement, GVCP has appointed two senior IFC executives Vincent Polizatto and William Haworth, to U GRO’s advisory council. They will help support U GRO in the areas of strategy, corporate and risk governance, and overall institutional development.

Shachindra Nath, Executive Chairman and Managing Director of U GRO Capital said in a statement, “ With GVCP’s support, we are confident to create a premier institution for financing small and micro-businesses. We will also build a globally benchmarked framework for environmental, social, and governance (ESG) for U GRO’s operations. We are thankful to GVCP to place Mr. Polizatto and Mr. Haworth on our Advisory Council. Their guidance would help us to achieve our core mission of supporting small businesses in India.”

Sanjeev Goel, founder of GVCP stated on this engagement, “MSMEs in India need efficient, fast, reliable, and cost‐effective funding partner with a shared mission ‐‐ not just a lender ‐‐ to overcome the obstacles they face in realizing their potential for generating employment and economic prosperity for a large section of the society. U GRO has designed a very differentiated and smart business model for solving the access to finance problem that holds MSMEs back. GVCP will bring global best practices, knowledge, and support from around the world to assist U GRO in accomplishing its mission and becoming an exemplary financial institution of India.”