Raju Shetty joins NeoGrowth as Chief Technology Officer

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We are happy to announce that Raju Shetty has joined NeoGrowth as Chief Technology Officer (CTO). Raju has completed his BE – Electrical, Electronics and Communications, from University of Madras and his Master of Science (MS), Information Technology from BITS Pilani. He also has completed his Advanced Management Programme (AMP) from Indian Institute of Management, Bangalore.

Image Raju ShettyMost recently, Raju was responsible for creating the data platform at Flipkart as Director of Engineering. The platforms serves various purposes at Flipkart, which includes Analytics, Data Sciences, Systemic data exchanges as a Service need of Flipkart that handles high traffic and large volumes of data computed every day. Prior to that he was handling customer Advocacy Applications at Yahoo during 2009 – 2013. Prior to Yahoo he worked in US for about 7 years working in BayArea startups in Online Video Monetisation space, Pharma and Banking domains. With over 16 years of experience working for entrepreneurial cutting-edge companies, Raju has delivered innovative solutions for global brands that have garnered industry recognition and technology patents. His core expertise is in data platforms, building massive distributed systems that can process and handle variety of use cases from Analytics, Data sciences to systemic Intelligence.
Raju will be leading NeoGrowth’ s technology team. As a new age FinTech organisation NeoGrowth is heavily invested in technology right from the start. NeoGrowth’s in-house technology platform, AdvanceSuite© was built even before NeoGrowth started its commercial activities in 2013. AdvanceSuite is the enterprise platform on which entire business runs. NeoGrowth has built a team that embellishes the features and adds new functionality to the platform. NeoGrowth currently is looking forward to step up our investment in technology by setting up a development center in Bengaluru under Raju. Some of the key projects lined up are the customer mobile app, digital marketing campaign automation, automated underwriting and risk management.

Raju’s experience and leadership skills will be invaluable to Neo Growth as we take the business to the next level. He will play key role in building a scalable and technology led infrastructure in NeoGrowth.

NeoGrowth makes it a hat-trick by opening three branches simultaneously…

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NeoGrowth makes it a hat-trick by opening three branches simultaneously…

NeoGrowth has established its presence in three more cities by simultaneously by opening branches in Jaipur, Kolkata and Chandigarh. With this NeoGrowth now has a presence in nine cities. The first branch of NeoGrowth was opened in Mumbai, followed by Delhi, Bengaluru, Pune, Chennai and Hyderabad.
NeoGrowth has now moved closer to its goal of a PAN India presence across the nation. All nine cities have full service branches, which include a Direct Sales Team, Referral Agents and Alliance partners.
Speaking on the occasion, Mr.Piyush Khaitan, Managing Director of NeoGrowth Credit Pvt. Ltd. said, “Growth is never by mere chance; it is the result of forces working together.
We are now in a position to harvest the business potential of nine cities, and each city brings its unique opportunities. NeoGrowth’s secret of success is the constancy of purpose. Our presence at new locations will enable small businesses present in these cities to access loans in a quick and easy manner.”
NeoGrowth will provides vital growth capital to businesses and acts as a catalyst to accelerate business growth and help small businesses become more successful.
Jaipur is the capital of Rajasthan, fondly known as the Pink City of India. It is the 10th largest city of India. The economy of Jaipur is dependent on tourism and information technology. Jaipur is a major hub for arts and crafts. It has many traditional shops selling antiques, jewellery, handicrafts, gems, bangles, textiles, leather and metal products.
With all its royalty and riches, Jaipur has plenty to offer. Magnificent forts, rich heritage, resonant culture, warm hospitality, mouth-watering cuisine and ample shopping options. From clothes to jewellery, handicrafts to artefacts- Jaipur bazaars have it all. A shopper’s paradise, Jaipur is a place where it’s hard to resist the temptation to buy all that you see! Dhruv Khaitan – Chairman of NeoGrowth
Kolkata is India’s second largest city and the capital of West Bengal. Fondly known as the City of Joy and Love, Grandeur and Glory. It is a city with a great deal of charm – its imperial monuments, strong cultural and religious flavour rub shoulders with ultra-modern industries making it as the principal commercial, cultural and educational centre of East India.
Dhruv Khaitan – Chairman of NeoGrowth Kolkata is one of the cheapest cities in India to live in, and hence shopping in Kolkata is most appropriate thing to do. Its strategic location as a significant trade corridor and metro in the east, coupled with its cosmopolitan status, has made it a lucrative haven for traders, shop owners and international retail brands to ply their trade here.
Chandigarh occasionally called “The City Beautiful” is a Union Territory in the northern part of India that serves as the capital of the state of Punjab and Haryana. The city of Chandigarh was the first planned city in India postindependence in 1947 and is known internationally for its architecture and urban design.
Chandigarh has been rated as the “Wealthiest Town” of India. General information on Chandigarh tells us that the city is ranked first among the Indian cities that have the highest per capita income. The RBI ranked Chandigarh as the third largest deposit centre and seventh largest credit centre nationwide as of June 2012. Dhruv Khaitan – Chairman of NeoGrowth
Chandigarh’s economy is largely based on this strong market base and apart from the traditional peddlers; Shopping in Chandigarh is a style statement. You will not like to drive out of the posh markets of sector 17 and sector 22 without indulging in a shopping spree.

NeoGrowth has created a niche in the small business lending space targeting small and medium sized retailers, restaurants, beauty salons and also e-commerce sellers. The loan product is very different from a typical bank loan. We have done away with the burden of a fixed EMI, and more importantly done away the necessity of the merchant to visit the lender’s location at any stage. Time is money for today’s business and therein lies our unique value that makes great sense in today’s environment.