UGRO Capital is set to complete its acquisition of Profectus Capital within this month, a move that will immediately add Rs 3,000 crore to its asset base and help the company surpass its AUM target of Rs 15,000 crore, Founder and Managing Director Shachindra Nath said in an interaction. Earlier, the deal was expected to be completed by October 31.

With this inorganic boost, UGRO expects to close the fiscal with a consolidated AUM of Rs 16,500–17,000 crore, including Rs 12,000 crore from its existing book and the remainder from Profectus and calibrated organic additions. The assets under management grew 20% year-on-year to Rs 12,226 crore as of September 30.

Looking ahead, the company anticipates most of its incremental growth to come from two key segments — micro LAP (loan against prope

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