U GRO Capital, Commvault announce top deck appointments

U GRO Capital, Commvault announce top deck appointments
Rishabh Garg and Praveen Sahai  |  Photo Credit: U GRO Capital, Commvault
19 Apr, 2021

U GRO Capital, a Mumbai based lending platform for small businesses, has appointed Rishabh Garg as its CTO.  

Garg will lead and drive all technology-based projects, strategy, and innovation for the company, a statement said.  

The firm looks to ramp up partnership-based lending products under its co-lending model, create seamless cashflow based invoice discounting journeys for SMEs, and boost its reach to open more branches in financial year 2021-22 (FY22).                       

Garg is an IIM Lucknow and IIT Roorkee alumnus. He is the co-founder of insurtech startup GramCover, where he also served as CTO. Here, he built a technology enabled rural insurance business at scale.  

In a career spanning over 17 years, he has experience in software development life cycle and building products across insurance, lending, payments, ecommerce and telecom domains.  

Garg has also worked with organisations such as Biz2Credit Inc, Agnity Technologies, Sap Labs India and Infosys Technologies.

Speaking on the appointment, Shachindra Nath, executive chairman and managing director of U GRO Capital, said, “At a time when banks and NBFCs are transitioning as fintechs, and fintechs are transitioning as NBFCs, we aspire to build a leadership team which can transcend between traditional balance sheet led business through highly agile proprietary technology platforms. Garg will play a pivotal role in re-defining U GRO Capital’s technology vision and product roadmap which will be a key pillar of the organisation's expansion journey in the coming year.”

In January 2021, U GRO Capital claimed it had become the first Indian company to have filed for a patent for its underwriting model.  


New Jersey based data solutions provider Commvault has appointed Praveen Sahai as vice president, channels, alliances and service provider, for the Asia Pacific and Japan (APJ) region.

Sahai will be responsible for leading the growth of the APJ partner organisation, including strengthening and optimising partner relationships, with a focus on driving execution and partner profitability, the company said in a statement.

He joins the company with decades of experience in the IT industry across varied consumption models, including cloud. Sahai comes with knowledge of SaaS, cloud computing and data management landscape in APJ.

He has served at companies such as Citrix, Sun Microsystems and most recently, Dell Technologies, where he spearheaded its channel cloud business.  

“Commvault has an unrivalled commitment and culture in driving innovation, and with a radically simple, and infinitely scalable portfolio to improve its customers’ data management journey, unlocking the potential of data. Its partner programs are award- winning, predictable and most important, profitable.  I’m thrilled to join this high performing team and working together for success with our partner, alliance and service provider network to drive profitable growth, helping customers to proactively simplify and manage the complexities of their rapidly evolving data environment,” Sahai said.  

“At Commvault, the health of our partner ecosystem is an integral part of our success as we build on our partnership momentum to meet our customers’ demand and changing business environments. I am confident that Sahai will help us build a strong Channel & Alliance ecosystem with focus on driving execution excellence while ensuring we create a win-win attitude with all our partners,” Rachel Ler, vice president and general manager, APJ, said.  

Ler, a technology industry veteran with over two decades of experience, joined Commvault earlier this year.