UGRO Capital Completes Acquisition of Profectus Capital, Boosting MSME Lending Scale and Profitability

UGRO Capital Ltd has completed the acquisition of Profectus Capital, a move that significantly expands its Assets Under Management (AUM) to INR 15,471 crore, a 29% increase. The acquisition is expected to immediately boost UGRO's annualized profit by INR 150 crore, with an additional INR 115 crore in operating synergies. The deal also enhances UGRO's secured asset mix, leading to greater earnings stability and lower credit-cost volatility. Profectus now becomes a wholly owned subsidiary of UGRO Capital, with the merger process to be initiated soon.