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.
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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.
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