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Ugro Capital Ltd. Company History and Annual Growth Details

YEAR EVENTS
1994 - The Company was incorporated in the state in Maharashtra on 10th
February, as a Private Limited Company in the name and style of
Chokhani Securities Private Limited by the Registrar of
Companies, Maharashtra, at Mumbai.

- The Company became a Public Limited Company under Section 44 of
the Companies Act, 1956 with effect from 4th July, and a fresh
certificate of incorporation dated 26/7/94 was obtained from
Registrar of Company, Maharashtra, Mumbai.

1995 - The Company had proposed to carry out merchant banking activities
and had received an approval in principle from SEBI as Category I
Merchant Banker.

- The Public Issue of your Company for 10,00,000 equity shares in
January, was over subscribed by 7.78 times inspite of difficult
market conditions.

1997 - Company's performance during the period was affected by
unfavourable business climate and continuous fall in share prices
however, with skillful management of cash flows the company could
minimise the losses.

1998 - The company has initiated steps to induct a strategic partner who
can compliments the existing strength of the business and future
expansion in Information and Technology Business.

- Subject to approval of the Registrar of Companies, Mumbai and
other Authority the name of the Company be changed from the
existing name to CSL INFOTECH LIMITED, or any other suitable
available name, in order to reflect the true nature of business
of the Company.

- The company is undertaking Computer software, infotech activities
in Major ways as the present business activities are not much
beneficial.

2000

- The Company Offer/issue/allotment upto 20,00,000 No. of equity shares of the company at a price not less than Rs 10/- per share.

2007

-Registered Office of the Company has been shifted From 9/16D, Fort Mansion, British Hotel Lane, Fort, Mumbai To 5A, Maker Bhavan No.2, Sir Vithaldas Thackersey Marg, New Marine Lines, Mumbai.

2018
-Company name has changed to Ugro Capital Ltd. from Chokhani Securities Ltd..

2021
-Ugro Capital signs co-lending agreement with Central Bank of India.
-Ugro Capital launches ÂPrathamÂ, a INR 1,000 Cr MSME Co-lending Program in partnership with Bank of Baroda.
-U GRO Capital partners with SBM Bank India to launch ÂGRO Smart BusinessÂ credit card for MSMEs.

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