Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

U GRO appoints Global Value Creation Partners to support its development as a premier impact financing platform for MSMEs

Posted On: 2020-05-27 20:53:27


U GRO entered into a multi-year engagement with Global Value Partners (GVCP) founded by Mr. Sanjeev Goel, Ex Global Co-Head of Equities for Financial Institution Group of International Finance Corporation (IFC) of the World Bank Group. GVCP has been founded to promote economic and societal development in emerging markets and generate sustainable value for all stakeholders. The firm brings global network and knowledge, thought leadership, and execution support to corporates and impact investors it partners with. GVCP would support U GRO in accomplishing its mission to 'Solve the Unsolved' the small business credit problem in India. The engagement will also help U GRO accelerate its development as an ESG lender and foster domestic and global partnerships with the impact community.

As a part of the engagement, GVCP has also placed two global experts as advisors to U GRO to support in the areas of strategy, corporate and risk governance, and overall institutional development.

Mr. Vincent Polizatto, a senior global risk and credit executive with 40+ years in banking and finance. He was the Chief Risk Officer, Asia Pacific, for IFC with senior- most risk oversight of investment portfolio across more than 20 countries. He was also a core member of the global Risk Leadership Team and the Asia Pacific Senior Management Team. Before joining the IFC, Mr. Polizatto led the World Bank's banking supervision practice assisting various governments in developing their financial sectors, strengthening banking supervision and regulations, resolving banking failures, and systemic distress.

Mr. William Haworth, former Chief Strategist, Chief Credit Officer, and Portfolio Manager in Financial Institutions Group with IFC, is an expert on strategic issues related to the global economy and financial institution development in emerging markets. He has worked in many large emerging markets, including China, India, Russia, Brazil, and Turkey. Before joining IFC, Mr. Haworth was a partner in several major consulting firms dealing with financial sector development, institutional restructuring, and privatization. He has worked globally on institutional reform and performance improvement in commercial banking, capital markets, and central banking.

Commenting on the engagement, Mr. Shachindra Nath, Executive Chairman and Managing Director of U GRO Capital stated, "We are elated on this partnership with GVCP. Mr. Sanjeev Goel, founder and managing head of GVCP, is a thought leader and development banker in emerging markets having invested and managed several billion dollars in financial institutions globally for IFC. With his support, we are confident to create a premier institution for financing small and micro businesses and build a globally benchmarked framework for environmental, social and governance (ESG) for U GRO's operations. We are thankful to GVCP to place Mr. Polizatto and Mr. Haworth on our Advisory Council. Their guidance would help us to achieve our core mission of supporting small businesses in India."

Mr. Sanjeev Goel, founder of GVCP stated on this engagement, "On behalf of GVCP, I am grateful to have the opportunity to support U GRO in its mission. MSMEs in India need efficient, fast, reliable, and cost-effective funding partner with a shared mission - not just a lender - to overcome the obstacles they face in realizing their potential for generating employment and economic prosperity for a large section of the society. U GRO has designed a very differentiated and smart business model for solving the access to finance problem that holds MSMEs back. GVCP will bring global best practices, knowledge, and support from around the world to assist U GRO in accomplishing its mission and becoming an exemplary financial institution of India."

Shares of Ugro Capital Ltd was last trading in BSE at Rs.135 as compared to the previous close of Rs. 130.25. The total number of shares traded during the day was 417 in over 38 trades.

The stock hit an intraday high of Rs. 136.7 and intraday low of 124.15. The net turnover during the day was Rs. 55740.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

ICICI Prudential Life Insurance Company Ltd board to approve 1st quarter FY21 results on July 21, 2020

Sharika Enterprises Ltd bags order from BHEL

Swelect Energy Systems Limited board recommends final dividend of Rs. 0.75

SpiceJet facilitates insurance of passengers for COVID-19 hospitalisation starting at Rs. 443/-

Shoppers Stop Limited opens new store at Phoenix Palassio - Lucknow

PI Industries Ltd closes QIP, fixes price as Rs. 1470

YES Bank has sold 2.66% stake in CG Power & Industrial Solutions Limited

NMDC's excellent performance at Bailadila Projects, Chhattisgarh, during lockdown

The Phoenix Mills Ltd. opens doors of its grand palatial shopping mall, Phoenix Palassio, in Lucknow

Swelect Energy Systems Ltd Q4 consolidated loss at Rs. 14.87 crore

Automotive Stampings and Assemblies Ltd reports loss in Q4 FY2020

SKY Industries Ltd posts loss of Rs. 0.63 crore in Q4 FY2020

SKY Industries Ltd board recommends final dividend of Rs. 0.50 for FY20

IndiGo repatriated 39 Indian nationals from Columbia, in coordination with Qatar Airways

Kokuyo Camlin Ltd Q4 FY20 loss at Rs. 0.34 crore

Muthoot Finance launches Loan@Home service

Mphasis named one of the UK's Top 50 fastest-growing Indian companies

NCC receives 5 new orders totalin Rs. 1396 crore in June 2020

Nestlé India reaches out to Youth-launches 1000 'Nesternship' opportunities for young professionals

Bharat Forge launches Health Risk Monitoring System (HRMS) - An AI platform enabling Safe return to Workplace

Heritage Foods Ltd board to consider Q1FY21 results on July 29, 2020

Intellect Digital Core (IDC) ranked world #1 by IBS Intelligence Annual Sales League Table 2020

Ambuja Cements Ltd board to consider 2nd quarter results on July 24, 2020

RBL Bank revamps 'RBL MyCard' credit card app

Thomas Cook India sees opportunity in demand for mini-breaks Introduces City Escapes

TCS Launches Quartz™ Smart Solution to Help Financial Institutions Offer Cryptocurrency Trading

Tactical Air Support selects Ramco Aviation Suite

Karur Vysya Bank and Bajaj Allianz Life Insurance announce strategic partnership

Tractor market to report strong growth in Q2 FY21 - Pritika Auto Industries Ltd

LTI Launches Canvas, a Modern Software Engineering Platform for Remote & Hybrid Workforce of Future

ITC facilitates creation of livelihood opportunities in the rural sector during the pandemic

ABB launches anti-bacterial switches and sockets to keep surroundings safe

Steel Strips Wheels Ltd receives $140K alloy wheels order from EU market

Nucleus FinnOne Neo recognized as the #1 Market Leader in Lending by IBS Intelligence

Lupin Pharmaceuticals, Inc. Issues Voluntarily Nationwide Recall of Metformin Hydrochloride Extended-Release Tablets, 500mg and 1000mg due to the detection of NDMA impurity

ICRA reaffirms long term rating of Puravankara Ltd

YES Bank Ltd board approves fund raising through FPO

GMR Infrastructure Ltd. announces the Completion of Strategic Partnership transaction with Groupe ADP for Airports Business

Infosys Ltd board to announce Q1FY21 results on July 15, 2020

Shree Renuka Sugars Ltd Q4 consolidated loss at Rs. 146 crore

ZIM announces submission of marketing authorization application for Rizatriptan orally dissolving film in Europe

KG Petrochem Ltd Q4 FY20 net profit jumps to Rs. 10.64 crore

Airtel launches NEW Prepaid Packs with Premium Content from ZEE5

Birlasoft partners with Innoveo to Fast-track the Journey to Digital Excellence

PPAP Automotive Limited receives award from Toyota Kirloskar Motor Pvt Ltd

Indian Acrylics Ltd Q4 FY20 PAT at Rs. 3.45 crore

India Infrastructure Trust board Declares total distribution of Rs. 4.4497

Best Agrolife Ltd Board approves final dividend of Rs. 0.10 for FY2020

A Infrastructure Ltd Board approves Dividend of Rs. 0.10 for FY20

Unichem Laboratories Limited receives ANDA approval for its Cyclobenzaprine Hydrochloride Tablets







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019