Latest news with #DataTechNBFC
Economic Times
19 hours ago
- Business
- Economic Times
UGRO Capital to acquire Profectus Capital for ₹1,400 cr
UGRO Capital Limited, the DataTech NBFC focused on MSME lending, has acquired Profectus Capital Private Limited, for ₹1400 crore, company said on Tuesday. This all-cash deal, with the consideration payable in a single tranche at closing, will make Profectus a wholly owned subsidiary. Ugro signed a share-purchase agreement with existing investor - British private equity firm Actis, it said. This acquisition would add approximately ₹150 crore of annualized profit to UGRO making it a capital adequacy accretive transaction, it said. Profectus has demonstrated stable portfolio expansion, building its assets under management to ₹3,468 crore as of March 2025, with presence across seven states through a 28-branch network and over 800-member team, all while maintaining a gross NPA of 1.6% and Net NPA of 1.1%, it added. Both entities will maintain current operations and strategy during Nath, Founder and Managing Director of UGRO Capital, said, 'This strategically priced acquisition deploys our equity raise to achieve instant scale and ₹115 Crores cost savings and annualized incremental profitability of ₹ 150 crore thus boosting ROA by 0.6–0.7%."K.V. Srinivasan, Executive Director & CEO, Profectus Capital, added, 'The coming together of the two organisations would be beneficial owing to the synergies and complementarity of the businesses, which should result in greater operational efficiency and profitability for the business."
Time of India
19 hours ago
- Business
- Time of India
UGRO Capital to acquire Profectus Capital for ₹1,400 cr
UGRO Capital Limited , the DataTech NBFC focused on MSME lending , has acquired Profectus Capital Private Limited, for ₹1400 crore, company said on Tuesday. This all-cash deal , with the consideration payable in a single tranche at closing, will make Profectus a wholly owned subsidiary. Ugro signed a share-purchase agreement with existing investor - British private equity firm Actis , it said. This acquisition would add approximately ₹150 crore of annualized profit to UGRO making it a capital adequacy accretive transaction, it said. Profectus has demonstrated stable portfolio expansion , building its assets under management to ₹3,468 crore as of March 2025, with presence across seven states through a 28-branch network and over 800-member team, all while maintaining a gross NPA of 1.6% and Net NPA of 1.1%, it added. Live Events Both entities will maintain current operations and strategy during integration. Shachindra Nath, Founder and Managing Director of UGRO Capital, said, 'This strategically priced acquisition deploys our equity raise to achieve instant scale and ₹115 Crores cost savings and annualized incremental profitability of ₹ 150 crore thus boosting ROA by 0.6–0.7%." K.V. Srinivasan, Executive Director & CEO, Profectus Capital, added, 'The coming together of the two organisations would be beneficial owing to the synergies and complementarity of the businesses, which should result in greater operational efficiency and profitability for the business."
Business Standard
28-04-2025
- Business
- Business Standard
UGRO Capital Q4 PAT rises 24% YoY to Rs 41 cr
UGRO Capital reported 24.04% jump in standalone net profit to Rs 40.55 crore in Q4 FY25 as against Rs 32.69 crore posted in Q4 FY24. Total income increased 24.83% YoY to Rs 412.44 crore in the quarter ended 31 March 2025. Profit before tax stood at Rs 57.21 crore in Q4 FY25, up 2.27% as against Rs 55.94 crore recorded in Q4 FY24. The non-banking financial companys (NBFC) assets under management (AUM) surged 32.67% to over Rs 12,003 crore in Q4 FY25 as compared with Rs 9,047 crore in Q4 FY24. During the quarter, the companys net loans surged 56.75% to Rs 2,436 crore as compared with Rs 1,554 crore in Q4 FY24. The companys total debt grew by 48.37% to Rs 6,904 crore in the March 2025 quarter as against Rs 4,653 crore reported in the same period a year ago. On a full-year basis, the company's consolidated net profit jumped 20.60% to Rs 143.93 crore on a 33.29% rise in revenue to Rs 1,441.85 crore in FY25 over FY24. UGRO Capital is a pioneering DataTech NBFC specializing in MSME and small business financing. By leveraging advanced data analytics and an extensive distribution network, it bridges the vast small business credit gap in India, delivering tailored credit solutions to micro, small, and medium enterprises (MSMEs) across the country. The counter slipped 0.62% to currently trade at Rs 184 on the BSE.
