Hunt Partners places Arun Nayyar as the Chief Executive Officer at Neogrowth Credit:
Neogrowth Credit is the market leader in Digital lending in the Fintech sector, catering to the SME & Merchant category, an under-served market, by adopting an innovative approach to credit underwriting and use of technology for influencing and driving customer behaviour. It is this fundamental premise on which its business is built and a mission to bring a social impact in this segment.
NeoGrowth has well established commercial operations in a tech n’ touch model in 24 cities already in India and plans to expand to 30 locations by next financial year. It has partnered with 7000+ business merchants so far to grow their businesses and have employee strength of over 500+ professionals.
The company has been promoted by Dhruv Khaitan (DK) & Piyush Khaitan (PK) and is backed by marquee Venture Funds such as Omidyar Network, Aspada Investment Company, Khosla Impact and Accion Frontier Inclusion Fund (AFIF)-Mauritius, IIFL Seed Ventures Fund, WestBridge Crossover Fund, LLC and the latest being Leapfrog Investments.
Arun Nayyar has a well diversified experience of around 20 years in the financial services domain. He has successfully managed a variety of assignments covering sales & relationship management, credit risk management, product & portfolio management, corporate credit ratings, auditing and overall profit center management. Prior to joining Neogrowth Arun was the CEO for the SME business for Edelweiss where he successfully built, from scratch, Rs 2200 crs SME portfolio. Earlier Arun spent a good part of his career with Citigroup both in India and Middle East managing different leadership roles. He started his career with KPMG. Arun is a qualified Chartered Accountant.
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