U GRO Capital appoints Amit Gupta as Chief Treasury Officer

By Leandra Monteiro

Mumbai-based U GRO Capital, a BSE listed small business lending FinTech platform announced the appointment of Mr. Amit Gupta as chief treasury officer. In his new role, he will be responsible for building long term partnerships with public and private sector banks, capital market linked borrowings, development financial institutions and banks for co-lending.

Prior to joining U GRO Capital, Amit served as the head of investment and acquisition at Shapoorji Real Estate Fund where he deployed more than USD 300 Million of capital from the fund. With over 17 years of experience, he is a seasoned financing professional who has worked with large multinational and domestic banks, global real estate consultancy and real estate funds. His experience includes exposure to the entire range of wholesale banking products including Rupee Loans, Foreign Currency Loans & related Hedging solutions, Working Capital Solutions, Transactional Banking Products, among others.

Commenting on the appointment, Mr. Shachindra Nath, Executive Chairman and Managing Director of U GRO Capital stated, “We are glad to welcome Amit in our team, as the Chief Treasury Officer. NBFCs business model is going through an exciting phase of transition wherein the liability side for next decade would be driven more by off balance sheet partnership. Given Amit’s experience, he would be an invaluable addition to the organization, considering the depth of his knowledge and expertise as a financial professional. The entire management team wishes him a successful journey at U GRO Capital.”

On the appointment, Mr. Amit Gupta said, “I am delighted to join U GRO Capital which is closely working on a mission of solving the unsolved credit needs of small businesses through its unique initiatives. I look forward to leverage my domain knowledge in further strengthening the existing and prospective industry associations as well as supporting the growth of treasury business of the organization.”