Hat Tip: Equi Alpha
Sachindra Nath is the Executive Chairman & Managing Director of Ugro Capital Ltd
![](https://alphaideas.in/wp-content/uploads/2019/09/u1.jpg)
He also is a Director/Promoter in various other Entities including Poshika Financial Ecosystem Pvt. Ltd
![](https://alphaideas.in/wp-content/uploads/2019/09/u2.jpg)
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
![](https://alphaideas.in/wp-content/uploads/2019/09/u3.jpg)
Now Nath has defended this with the following tweet:
![](https://alphaideas.in/wp-content/uploads/2019/09/u4.jpg)
As Bhavik Mehta points out, the information on this in the public domain is meagre
![](https://alphaideas.in/wp-content/uploads/2019/09/EEphvvOU8AEs2gQ.jpg)