You Grow Capital on Hiring Drive; Plan to double the workforce by the end
The MSME-focused digital lender has started expanding into Tier 3-4 regions in the states of Gujarat, Rajasthan, Tamil Nadu, Telangana and Karnataka. The company aims to expand its network of 34 branches to 100 by the end of FY 2022. For formal lending to micro businesses, it will add 50 ‘Micro’ branches in the mentioned locations.
The appointments will be made in multiple departments such as Strategy, Treasury, Operations, Finance, Technology, Human Resources, Sales, Credit, Staffing and Marketing and will help in creating job opportunities for talent in Tier 3 and Tier 4 locations.
U Grow Capital Executive Chairman and Managing Director, Shachindra Nath said that MSMEs will be at the center of India’s social and economic development and U Grow Capital aspires to take about 1% market share of outstanding MSME credit in India by 2021.
“As the growth of MSMEs continues, it has been hampered due to lack of availability of credit. Data is changing through digitization and we believe that fintech cannot succeed unless it has a large physical footprint. Along with data analysis and digitization, we will also focus on a large distribution network.”
Chief People Officer Piya Shome said the company has been hiring regularly for the past few months, and will soon be adding another 250. “We are hiring freshers directly from colleges, but from 2022, we will have a targeted campus hiring plan. There is exceptionally good talent in smaller towns and we want to create jobs for such people.”
On the diversity and inclusion front, You Grow Capital aims to double the gender ratio of 20% by FY 2022 from 10% currently. The company is already recruiting women into key leadership positions.
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