NeoGrowth extends its presence in South India by setting up a fully operational branch at Chennai. The Chennai branch will be a full service branch with Referral Agents and Direct Sales Agents. This is our Fifth branch after successfully establishing branches at Mumbai, Delhi, Bengaluru and Pune. NeoCash, our flagship product has created a niche for itself among small and medium sized businesses. Speaking on this occasion Mr. Piyush Khaitan, Managing Director of NeoGrowth Credit Pvt. Ltd. said, “NeoGrowth’s nationwide footprint now covers over 70% of the county’s card volumes. We are geared to provide doorstep service to our customer in the centers. Having a branch staffed with experts who understand local requirements gives us a vital edge.”
Chennai is the biggest industrial and commercial centre in South India and a major cultural, economic and educational centre. Chennai is known as the “Detroit of India” for its automobile industry. It is the sixth – largest cityand fourth – most populous metropolitan area in the country and 31st- largest urban area in the world. The city is the second largest financial hub in the country, after Mumbai. Tourism guide publisher Lonely Planet has named Chennai as one of the top ten cities in the world to visit in 2015.
NeoGrowth works as a business accelerator making small businesses more successful. In the brick & mortar space, NeoGrowth not only provides vital growth capital to businesses but also enables efficient and secure ePayments for them besides also enabling them to increase their business through CRM and other innovation. In the e-commerce space, NeoGrowth gives loans to businesses selling through own portals or marketplaces, with a majority of loans having been disbursed to first generation entrepreneurs.
Going forward, NeoGrowth is investing in moving its lending to a more digital & technology driven platform including online lead generation and online application.