Key Points
Shachindra Nath, Vice Chairman and Managing Director, U GRO Capital, says we are targeting north of Rs 25,000 crore book in three to four years..
We are at a Rs 600 crore run rate this year and we will continue maintaining that..
A company which started in 2018 on a very small capital base, raised thousands of capital, went through the credit crisis of DHFL, IL&FS, the Yes Bank, built its first year of business, deployed its capital and went through the Covid crisis...
So the opportunity and the growth in the hinterland Bharat is very large, it is about having the patience, having the right architecture, having capital support coming at all points of time and one can build an HDFC like franchise for small businesses...
When the DHFL crisis happened, RBI decided to do a forced marriage of a liability institution and an asset institution and said two of you together can co-lend to a customer, which means that if there is a customer to whom we have to lend one crore, 20% would be given by us and 80% would come from a large institution like an SBI or a Bank of Baroda or a large bank, which means two things; one, our liability constraint is to an extent is off because I do not necessarily need money only on my balance sheet..
