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Annual Reports

U Gro Capital: First We Grow

Hat Tip: Equi Alpha

Sachindra Nath is the Executive Chairman & Managing Director of Ugro Capital Ltd

He also is a Director/Promoter in various other Entities including Poshika Financial Ecosystem Pvt. Ltd

Source: 2018-19 Annual Report of Ugro Capital Ltd

Now what is amusing is that Poshika Financial Ecosystem Pvt. Ltd. received 24.5 Cr from Ugro Capital as advisory and fund raising charges ! Basically, when Ugro was meeting investors and raising money, Sachinder Nath’s private Co raked in the moolah too

Source: 2018-19 Annual Report of Ugro Capital Ltd

Now Nath has defended this with the following tweet:

As Bhavik Mehta points out, the information on this in the public domain is meagre

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