Greaves Retail Partners with UGRO Capital Limited to Offer Dealer Financing Solutions

Bengaluru | Thursday | 14th September, 2023

Summary:

Greaves Retail, the retail unit of Greaves Cotton Limited, a provider of clean mobility and energy solutions in the e3W, ICE 3W, and SCV segments, and UGRO Capital Limited, a leading DataTech NBFC focused on MSME lending, today announced its partnership to offer financing to dealers. Under this collaboration, UGRO Capital will offer an array of comprehensive inventory funding options to all dealers of Greaves Retail to address their working capital requirements. Speaking about the partnership, Mr Narasimha Jayakumar, CEO Greaves Retail, said, "At Greaves Retail, we've consistently appreciated our dealers and their invaluable contributions to our journey of success. Mr Prasanna Madhyasta, Head - Supply Chain Finance, UGRO Capital, expressed his enthusiasm about the partnership, saying, "At UGRO Capital, we have a specific focus on different sectors, one of them being the auto components. About UGRO Capital Ltd.

(NSE: UGROCAP I BSE: 511742)UGRO Capital Limited is a Data Tech Lending platform, listed on NSE and BSE..