Empowers MSMEs and Boosts Regional Prosperity with its 42Branches across the state

Chennai, June 09, 2025: UGRO Capital, a leading DataTechNBFC focused on MSME lending, is proud to announce the opening of more than 20 new branches across Maharashtra, further solidifying its commitment to financial inclusion and last-mile credit delivery. With this strategic expansion, UGRO Capital’s branch network in Maharashtra grows to an impressive 42, making it the state with one of the highest numbers of UGRO branches.

The newly opened branches are in Ahmednagar, Aurangabad, Jalgaon, Nasik, Sagamner, Kalyan, Panvel, Pimpri Baramati, Bhandara, Brahmpuri, Chandrapur, Gondia, Khopoli, Kolhapur, Pandargawda, Pen, Ratnagiri, Sangli, and Wagholi to address the unsolved credit needs of MSMEs in these regions. This initiative underscores UGRO Capital’s mission to enable underserved MSMEs to access affordable credit and scale their businesses.  

Maharashtra's Micro, Small, and Medium Enterprises (MSME) ecosystem is a major contributor to the state's economy and the country's GDP. Its 5.3 million registered MSMEs positions Maharashtra as a leading contributor to India's MSME sector, accounting for over 17% of the country's MSME and employs 24% of the total workforce in the state.

Commenting on the expansion, Mr. J Sathiayan, Chief Business Officer - Micro Enterprises, UGRO Capital, said, “Maharashtra has always been pivotal for UGRO Capital, and our increased branch penetration reflects our unwavering confidence in the state’s MSME potential. By leveraging advanced data analytics, innovative lending models and our increased focus on Emerging Market Segment, we aim to bridge the credit gap for small businesses and contribute to their growth journey. Our expansion ensures that financial inclusion reaches even the remotest corners, empowering local businesses and fostering regional development.”

UGRO Capital's strong branch network in Maharashtra isprojected to serve over 10,000 MSMEs by the end of 2025, driving job creation and fostering economic growth in the region. These branches are equipped to support small businessesand address their credit needs. UGRO branches offer business loans ranging from ₹5 lakh to ₹5 crore, the company has also launched Roof Top Solar Loans and Equipment Finance and Machinery loans, enabling businesses to invest, expand, and access new markets.

Maharashtra’s industrial landscape is diverse, encompassing sectors such as textiles, automobiles, chemicals, information technology, and food processing. Maharashtra's MSME sector is well-distributed across various regions, with Mumbai and Pune emerging as key industrial hubs that drive innovation, investment, and employment opportunities. Efforts are ongoing to promote regionally balanced and sustainable growth, ensuring that the benefits of industrial development are equitably distributed throughout Maharashtra.

As UGRO Capital continues to strengthen its footprint in Maharashtra, the focus remains on fostering an inclusive and sustainable ecosystem where every small business has the opportunity to thrive and succeed.