Greaves Retail, the retail unit of Greaves Cotton Limited and UGRO Capital Limited, a leading DataTech NBFC focused on MSME lending, announced its partnership to offer financing to dealers. Accordingly, UGRO Capital will offer an array of comprehensive inventory funding options to all dealers of Greaves Retail to address their working capital requirements.
The collaboration aims to increase supply chain efficiencies and availability of spare parts through easier availability of working capital loans to distributors and dealers with the help of UGRO Capital. The partnership will open new avenues for dealers and enhance their ability to serve customers efficiently.
Narasimha Jayakumar, CEO, Greaves Retail, said partnering with UGRO Capital promises vital financial assistance to the company's distributors and dealers, who in turn serve the mechanics and independent garage owners – the ultimate customers of Greaves Spares. With a common commitment to 'Empowering Lives,' aligning with a company leading the charge in 'Empowering MSMEs' feels like the perfect fit.
Prasanna Madhyasta, Head – Supply Chain Finance, UGRO Capital, said, 'By offering working capital loans to the dealers of Greaves Spares, we aim to impact their operations and overall growth positively. Our focus on empowering businesses aligns perfectly with Greaves Retail's commitment to its dealer network. By leveraging each other's strengths, both companies are confident that this collaboration will drive positive outcomes and contribute to the industry's growth.'
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