NeoGrowth Credit Private Limited (NeoGrowth) is a pioneering, RBI-registered systemically important non-banking financial company (NBFC) that specializes in digital lending for Micro, Small, and Medium Enterprises (MSMEs) in India. Headquartered in Mumbai, the company was established in 2011 by founders Dhruv Khaitan and Piyush Khaitan, who recognized a significant credit gap in the Indian MSME sector. NeoGrowth operates as a "new-age" digital lender, leveraging technology and data science to provide financial solutions to underserved small-scale retailers, manufacturers, and service providers who often lack traditional collateral or formal credit histories. The core of NeoGrowth’s business model is its innovative, data-driven underwriting approach. Unlike traditional banks that rely heavily on financial statements and physical assets, NeoGrowth utilizes digital payment data, such as transactions from Point-of-Sale (POS) terminals, to assess a merchant's creditworthiness. This "tech-n-touch" model allows the company to evaluate the real-time cash flows of a business, enabling it to offer quick, hassle-free, and often collateral-free loans. Their product suite includes "NeoCash" business loans, which feature flexible repayment options tailored to the merchant's sales cycles, including daily, weekly, and monthly schedules. NeoGrowth’s operational footprint is extensive, covering over 25 locations across India and serving more than 75 industry segments, ranging from local kirana stores and pharmacies to salons and restaurants. Since its inception, the company has disbursed over $1 billion in loans and supported more than 150,000 businesses. As of fiscal year 2025, NeoGrowth reported a healthy capital adequacy ratio (CRAR) of 29.07% and an Assets Under Management (AUM) exceeding INR 2,493 crore. The company has demonstrated consistent financial performance, achieving ten consecutive quarters of profitability, with a reported revenue of INR 750 crore and a profit before tax of INR 95 crore in FY 2023-24. The company is backed by a prestigious group of global equity investors, including Omidyar Network, Lightrock, Khosla Impact, Quona Capital, LeapFrog Investments, and FMO (The Netherlands Development Finance Company). This strong institutional support has enabled NeoGrowth to scale its operations and maintain robust risk management practices. Under the leadership of Managing Director and CEO Arun Nayyar, the company emphasizes social impact alongside financial growth, focusing on financial inclusion for first-time borrowers and supporting the socio-economic engine of India. NeoGrowth is also recognized as a "Great Place to Work," highlighting its commitment to a high-trust, high-performance organizational culture. Moving forward, NeoGrowth continues to expand its digital platform and explore new geographic markets to further bridge the credit gap for India's evolving MSME landscape.

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