{"id":4435,"date":"2026-08-17T20:55:51","date_gmt":"2026-08-17T17:55:51","guid":{"rendered":"https:\/\/kampalatrends.com\/index.php\/2026\/08\/17\/modern-groupequity-bank-ink-partnership-to-boost-growth\/"},"modified":"2026-08-17T20:55:51","modified_gmt":"2026-08-17T17:55:51","slug":"modern-groupequity-bank-ink-partnership-to-boost-growth","status":"publish","type":"post","link":"https:\/\/kampalatrends.com\/index.php\/2026\/08\/17\/modern-groupequity-bank-ink-partnership-to-boost-growth\/","title":{"rendered":"MODERN GROUP,EQUITY BANK INK PARTNERSHIP TO BOOST GROWTH"},"content":{"rendered":"

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Modern Group\u00a0a fast-growing industrial conglomerate founded in Uganda in 2015 by Ashish Monpara, Rajan Patel, and Ishan Patel\u00a0has partnered with Equity Banka amajor regional \u00a0\u00a0commercial bank\u00a0\u00a0to \u00a0unlock long-term business growth.<\/p>\n

Led by Chairman Ashish Monpara,the $700million industrial group operates multiple factories across various sectors, employing over 13,000 people and contributing significantly to local manufacturing and import substitution\u00a0such as Tiles & Ceramics,Sugar & Agriculture,Power & Energy,Distillers & Beverages,Industrial Gas & Materials.<\/p>\n

\"\"<\/p>\n

Modern Group Chief Executive Officer Jagdish Srivastava, said the bank\u2019s local teams have played a key role in building confidence in the partnership.<\/p>\n

\u201cPartnering with a major bank like Equity provides the scale, stability and institutional support needed to unlock long-term business growth,\u201d Srivastava said\u201c<\/p>\n

\u201cEquity Bank\u2019s team approaches business with a highly positive, solution-oriented mindset, and as our internal authorization processes are finalized, we look forward to deepening this partnership across multiple financing areas.\u201dhe stated.<\/p>\n

For Equity, the relationship is a marquee win in a sector it has been courting aggressively.<\/p>\n

\u201cModern Group represents a cornerstone relationship for our bank,\u201d said Ronald Nakhasanga, Equity Bank\u2019s regional manager for the Eastern Region.<\/p>\n

\"\"<\/p>\n

He said the experience had demonstrated the value of having a banking partner that combines the resources of a major financial institution with an understanding of the challenges businesses face on the ground.<\/p>\n

For Modern Group, which operates across several sectors and markets, timely financial support is particularly important as it seeks to expand its operations in Uganda and across East Africa.<\/p>\n

\u201cAs a former international banker myself, I understand the distinct strategic advantages of working with one of the country\u2019s leading financial institutions,\u201d Srivastava said.<\/p>\n

\u201cPartnering with a major bank like Equity provides the scale, stability and institutional support needed to unlock long-term business growth.\u201d<\/p>\n

\"\"<\/p>\n

He added that Equity Bank\u2019s approach to business had been positive and focused on finding solutions.<\/p>\n

\u201cEquity Bank\u2019s team approaches business with a highly positive, solution-oriented mindset, and as our internal authorisation processes are finalised, we look forward to deepening this partnership across multiple financing areas,\u201d he said.<\/p>\n

Equity Bank also sees the relationship as an opportunity to support Modern Group beyond its current financing arrangements.<\/p>\n

Ronald Nakhasanga, Equity Bank\u2019s Regional Manager for the Eastern Region, described Modern Group as a key relationship for the bank, pointing to the company\u2019s presence across sectors such as manufacturing, building materials and agro-processing.<\/p>\n

\u201cModern Group represents a cornerstone relationship for our bank,\u201d Nakhasanga said.<\/p>\n

\u201cGiven their expansive footprint across diverse sectors, from manufacturing and building materials to agro-processing, the potential for shared growth is immense.\u201d<\/p>\n

\"\"<\/p>\n

He said the bank\u2019s support would extend beyond traditional corporate banking, with the institution positioned to provide solutions across Modern Group\u2019s wider business ecosystem.<\/p>\n

\u201cOur commitment goes beyond traditional corporate banking; we are strategically positioned to support their full ecosystem, driving value across their entire operational footprint,\u201d he added.<\/p>\n

Equity Bank partners with the manufacturing industry to drive regional industrialization, boost local value addition, and expand financial access under its Africa Recovery and Resilience Plan<\/p>\n

These strategic alliances\u2014such as collaborations with industrial parks and manufacturers like the Tian Tang Group, Modern Group, and the Uganda Manufacturers Association\u2014aim to scale production and strengthen regional supply chains.<\/p>\n

The partnership provides\u00a0customized financial products, working capital, trade finance, and large-scale loans for purchasing machinery and expanding factory operations<\/p>\n

It also transforms\u00a0local raw agricultural and mineral resources into finished goods to reduce reliance on imports and boost regional trade<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Modern Group\u00a0a fast-growing industrial conglomerate founded in Uganda in 2015 by Ashish Monpara, Rajan Patel, and Ishan Patel\u00a0has partnered with Equity Banka amajor regional \u00a0\u00a0commercial bank\u00a0\u00a0to \u00a0unlock long-term business growth. Led by Chairman Ashish Monpara,the $700million industrial group operates multiple factories across various sectors, employing over 13,000 people and contributing significantly to local manufacturing and […]<\/p>\n","protected":false},"author":1,"featured_media":4436,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-4435","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nMODERN GROUP,EQUITY BANK INK PARTNERSHIP TO BOOST GROWTH - KAMPALA TRENDS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kampalatrends.com\/index.php\/2026\/08\/17\/modern-groupequity-bank-ink-partnership-to-boost-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MODERN GROUP,EQUITY BANK INK PARTNERSHIP TO BOOST GROWTH\" \/>\n<meta property=\"og:description\" content=\"Modern Group\u00a0a fast-growing industrial conglomerate founded in Uganda in 2015 by Ashish Monpara, Rajan Patel, and Ishan Patel\u00a0has partnered with Equity Banka amajor regional \u00a0\u00a0commercial bank\u00a0\u00a0to \u00a0unlock long-term business growth. 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