Shares of UGRO Capital jumped on Wednesday, settling with 9 per cent gains at ₹88.83 on the NSE, hitting an intraday high of ₹89.50 from the previous close of ₹81.30.
The buying momentum follows a key stake development involving the Patni Family Office, which has now crossed the 5 per cent ownership threshold in the MSME-focused data-tech lender.
According to a regulatory filing filed earlier, Zodiac Wealth Advisors LLP, along with 22 associated entities including family members, trusts and holding firms, collectively holds 79,52,860 shares, translating to a 5.0268 per cent stake in UGRO Capital’s paid-up equity.
The acquisition was executed entirely through open market purchases using internal funds, with the threshold being crossed on February 9, 2026.
The group has clarified that it has no affiliation with the company’s promoters and that the investment is purely a long-term portfolio allocation, signaling a conviction-driven bet on a business that some investors view as undervalued.
The Patni Family Office, among India’s prominent multi-generational investment groups, operates across asset classes including equity, debt, real estate and commodities.
Established in 2005, it has built a diversified portfolio spanning over 137 companies across sectors such as fintech, retail, consumer and financial services, and deployed ₹1,161 crore in 2022 alone, marking its highest annual investment.
Separately, UGRO Capital has also attracted institutional backing. IFU, through the Danish SDG Investment Fund, has committed ₹240 crore to the company to support green financing initiatives for MSMEs. Additionally, Samena Capital, founded by Shirish Saraf, has remained an early backer since the company’s inception in 2018.
The twin triggers of strong market buying and a strategic stake build-up by a notable family office appear to have boosted sentiment around the stock, positioning UGRO Capital firmly on investor radar in the near term.
Published on April 1, 2026