The intent of all pervasive preservation of the environment recommended by RBI (CC. No 248/03.10.01 /2011-12) sets forth the belief at NeoGrowth that everyone must contribute towards preservation of global and local environment and the community at large. It is this belief that drives our proactive “green initiative” which includes many firsts among NBFCs. Mr. P.K Khaitan, Managing Director of NeoGrowth said, “We are committed to building a Sustainable Enterprise in the true sense of the word, and all our green initiatives are with this goal in mind.” Some of these are: NeoGrowth’s core portfolio of services is tailor made for sustainability. NeoCash our flagship offering requires minimal documentation that reduces the burden on nature and adds credence to our intent to contribute towards preservation of the environment. 1. Use of electronic payment systems: An automatic and flexible repayment means that the merchants don’t need to pay a fixed EMI. NeoGrowth has built tie-ups with multiple banks for the purpose of daily repayment from the card settlement amount. We use RTGS and NEFT for our payments, hence eliminating the need for paper cheques all together. © © 2. AdvanceSuite : NeoGrowth has built AdvanceSuite , the most sophisticated Merchant Business Advance platform in the world, which enables seamless enterprise wide workflow integration, automated tracking, robust risk management, reporting and business intelligence capabilities. AdvanceSuite eliminates the need for photocopying and therefore reducing the dependence on paper further. 3. No physical files: At NeoGrowth we have a very streamlined workflow processes reducing the need for physical files. Only those document that are required under law are maintained in physical form. 4. Digitization of documents: If we do need to collect& process physical documents we scan and then digitally archive all the documents so that we reduce the requirement of papers. The Bureau report, inspection reports and photographs are all collected in digital formats only. At NeoGrowth, such green initiatives will continue to take shape to help us reduce costs and help our customers, resulting in more cost-effective transactions and faster and accurate settlements.
NeoGrowth Credit Pvt Ltd. is a fast growing Non–Banking Finance Company registered with the Reserve Bank of India and is a member of CIBIL. NeoCash, the Smart Merchant Advance offered by NeoGrowth, is the first of its kind business finance option for Retailers, F&B outlets, Healthcare and Beauty providers amongst a host of other categories, with unique features. NeoCash is tailor made for merchants accepting card payments, as it has no fixed EMI and allows Automatic Repayment. The product requires Minimum Documentation, and comes with Doorstep Fulfilment Service. NeoGrowth has been set up by DK & PK Khaitan in 2011, and Omidyar Networks, a Silicon Valley VC fund, and Aspada, banked by Soros Economic Development Fund, have invested within the company. Having piloted the product in 2012-13, NeoGrowth has launched commercial operations in Mumbai, Bengaluru & Delhi, and plans to expand to other markets in India shortly. NeoGrowth has built AdvanceSuite©, the most sophisticated Business Advance platform in the world, which enables seamless enterprise wide workflow integration, automated tracking, robust risk management, reporting and business intelligence capabilities. NeoGrowth has a valid Certificate of Registration last updated on September 30, 2013 issued by the Reserve Bank of India under section 45-IAof the Reserve Bank of India Act, 1934. However the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinion expressed by the company and for repayment of deposits / discharge of liabilities by the company