UGRO Capital announces CEO appointment and key senior management changes
UGRO Capital Ltd announced a series of senior management changes following its board meeting held on July 16, 2025, as part of its leadership realignment.
Anuj Pandey, earlier serving as Chief Risk Officer, formally took charge as the Chief Executive Officer (CEO) and was also designated as Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013. His elevation was effective from July 1, 2025, and previously disclosed on June 24, 2025.
The board also approved the elevation of Ms. Irem Sayeed as the new Chief Risk Officer (CRO), replacing Pandey. She has been with UGRO since its founding in 2018, previously serving as Chief Credit Officer.
Mr. Sameer Nanda was appointed as Chief Revenue Officer, replacing Mr. Amit Mande, who will remain with the company until August 8, 2025, to ensure a smooth transition.
Ms. Shilpa Bhatter joined as the new Chief Financial Officer (CFO), taking over from Mr. Kishore Lodha, who stepped down from his position.
The company thanked both Mr. Lodha and Mr. Mande for their contributions to building UGRO's financial and revenue engines respectively.
These changes reflect UGRO's intent to strengthen its leadership team as it continues its focus on growth in the MSME lending space.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
4 hours ago
- Business Upturn
J&K Bank Q1 results: Net profit up 17% YoY to Rs 485 crore, NII grows 7%
Jammu & Kashmir Bank reported its #Q1Results with a strong performance in profitability and stable asset quality. The bank posted a net profit of Rs 484.84 crore for the April–June quarter of FY26, marking a 16.7% year-on-year increase from Rs 415.49 crore in Q1 FY25. The improvement came despite a one-time impairment provision of Rs 87 crore related to its investment in J&K Grameen Bank post-amalgamation. Without this impact, YoY profit growth would have exceeded 30%, the bank noted. Net interest income (NII) rose 7% to Rs 1,465 crore from Rs 1,369 crore, while other income jumped 29% to Rs 250 crore. Operating profit also saw a 13% rise, coming in at Rs 673 crore. Gross NPA improved to 3.50% YoY (though slightly up sequentially from 3.37%), while Net NPA remained stable at 0.82%. The NPA Coverage Ratio remained strong at above 90%. The bank's deposits grew 12% YoY to Rs 1.49 lakh crore, and net advances rose 6% to Rs 1.01 lakh crore. CASA ratio stood at 45.71%, while Return on Assets (RoA) improved to 1.17%. Capital Adequacy Ratio (CAR) was reported at 15.98%, giving the bank a strong buffer for future growth. MD & CEO Amitava Chatterjee stated the bank is witnessing improving ground conditions and remains focused on expanding Rest of India operations and digital capabilities. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
4 hours ago
- Business Upturn
SAIL Q1 Results: Net profit surges over 800% YoY to Rs 744.58 crore, Revenue up 8% to Rs 25,921
Steel Authority of India Limited (SAIL) reported a sharp turnaround in its financial performance for the quarter ended June 30, 2025. The company posted a consolidated net profit of Rs 744.58 crore in Q1 FY26, a staggering 810% increase compared to Rs 81.78 crore in the same quarter last year. Revenue from operations for the quarter rose 8% year-on-year to Rs 25,921.76 crore, up from Rs 23,997.81 crore in Q1 FY25. Including other income, total income stood at Rs 26,083.90 crore. SAIL's expenses were reported at Rs 25,189.96 crore for the quarter, marginally higher than Rs 23,871.60 crore in the corresponding period last year. Profit before tax came in at Rs 967.81 crore versus Rs 98.09 crore YoY. The improvement in profitability was driven by better inventory efficiency, a fall in material costs, and higher sales volumes. Share of profit in investments accounted using the equity method stood at Rs 73.10 crore for Q1 FY26. The company's PAT also improved sequentially, although it was lower than Q4 FY25's Rs 1,250.90 crore due to higher tax outgo and depreciation costs. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
5 hours ago
- Business Upturn
IndusInd Bank's Chief Human Resources Officer Zubin Mody resigns after 20-year stint
By Aditya Bhagchandani Published on July 25, 2025, 20:10 IST IndusInd Bank has announced the resignation of Mr. Zubin Mody, its Chief Human Resources Officer (CHRO) and designated Senior Management Personnel. The resignation was tendered on July 25, 2025, and Mr. Mody will officially step down from his role at the close of business hours on October 24, 2025. According to the official disclosure filed with stock exchanges under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR), Mr. Mody is leaving the bank to pursue new opportunities outside. In his resignation letter addressed to the Board and CEO, Mody reflected on his '20 years of a remarkable and fulfilling career' at the bank. He expressed gratitude to the Board, colleagues, and stakeholders for their support and affirmed his commitment to ensuring a smooth transition. The disclosure, including his resignation letter, has also been made available on the Bank's official website in compliance with SEBI norms. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
