Key Highlights:
- NeoGrowth is a non-banking financial company (NBFC) focused on providing business loans to small and medium-sized enterprises (SMEs), especially retail and service sector businesses.
- Backed by equity investors including Omidyar Network, Lightrock, Khosla Impact, Quona, Leapfrog and FMO Entrepreneurial Bank.
- The company has disbursed loans across 25+ cities in India and claims to have served over 75,000+ businesses.
- Healthy capital adequacy ratio of 26.07% and NNPA of 2.96% as in FY25
Overview:
NeoGrowth offers innovative digital lending solutions to Micro, Small and Medium Enterprises (MSMEs), the backbone of India’s socio-economic growth. They are a Systemically Important, Non-Deposit taking RBI Registered Non-Banking Financial Company (NBFC-ND-SI) and a founding member of the Digital Lenders Association of India.
Through digitally enabled loan offerings, they have served 1,50,000+ MSMEs and disbursed over $1 billion in loans to support their growth ambitions and create a positive impact on their lives. They cover MSMEs across 75+ industry segments, right from modest neighbourhood Kirana stores to friendly eateries and even to chic salon operators in over 25+ locations in India.
Management:
Arun Nayyar, (MD & CEO)
Arun Nayyar, MD & CEO is a Chartered Accountant having a well-diversified experience of around 20 years in the financial services domain. He possesses a successful track record of building businesses from scratch, scaling up established businesses and managing stressed portfolios. He has led businesses across Micro Enterprise Lending, SME Lending and Consumer Finance and has deep understanding of key business drivers, risk and product Management, Route to Market and digital lending. His prior experience includes stints at organizations like Edelweiss, Citibank & CRISIL.
Deepak Goswami, (CFO)
Prior to joining NeoGrowth, Deepak was at Samaaru Finance, where he was the CFO. Prior to Samaaru Finance, he has worked with Spandana Sphoorty Financial Limited as a CFO where he saw the business grow from Rs. 2,300 Crores to Rs. 4,500 Crores in just 2 years and expanded from 650 branches to 1000 branches in just one year. He also had a long stint in GE Capital SBI Cards as SVP Finance.
Deepak is a Chartered Accountant, an MBA, and a CFA. He has over 20 years of rich and diversified experience in the field of strategic planning, finance, investor relations, compliance, and project implementation.
Key Financials- FY25:
All figures in INR crore
Particular |
Amount |
AUM |
2493.42 |
Cash & Bank Balances |
259.27 |
Borrowings |
2142.45 |
Total Assets |
2889.87 |
Revenue |
750.31 |
Profit After Tax |
9.02 |
PAT Margin |
1.20 % |
Total Net worth |
671.06 |
Return on Equity |
1.36 % |
NNPA |
2.96 % |
CRAR |
29.07 % |
Lenders:
The prominent lenders in NeoGrowth include:
Banks:
- RBL Bank
- IDFC First Bank
- HDFC Bank
- Yes Bank
FI (NBFC):
- Tata Capital Financial Services Limited
- Northern Arc Capital
- United States International Development Finance
- Blue Orchard Finance Limited
- Microvest
- Netherland Development Finance company
Explore corporate bonds below for NeoGrowth
| Instrument Name | ISIN Id | Credit Rating | Min. Investment | Nature of security | YTM | Tenure |
| (in Months) | ||||||
| NeoGrowth Credit Private Limited | INE814O07527 | CARE "BBB+" | ₹ 43,926 | Listed (Secured) | 11.95% | 6 |
| INE814O07493 | CARE "BBB+" | ₹ 24,968 | Listed (Secured) | 12.10% | 6 |
Disclaimer:
Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks including delay and/or default in payment. Read all the offer-related documents carefully.