About
Basic Data Updated:
1 month agoNeogrowth Credit Private Limited, a non-deposit taking and systematically important non-banking financial company (NBFC-ND-SI), has been providing working capital financing to small and medium-sized retailers for several years. The company's credit rating report has consistently shown its strong financial standing and reliability. Through its unique approach, NCPL offers loans to retailers based on their future credit card and debit card sales. This allows retailers to access the funds they need to grow their business without the burden of a fixed monthly payment. Instead, the repayment is in the form of daily installments, making it easier for retailers to manage their cash flow. With an average ticket size of Rs. 18 lakh and an average loan tenure of 18 months, NCPL has helped numerous retailers achieve their business goals. Its commitment to providing flexible and tailored financing solutions has made it a trusted partner for small and medium-sized businesses. Through its passive role as a financial provider, NCPL has played an active role in the growth and success of many retailers. Its dedication to supporting the entrepreneurial spirit and driving economic growth has made it a valuable asset to the business community.
Industry
Company Details
- Location
Mumbai, Maharashtra, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
- Apps12224421
| CIN/LLPIN/FCRN | U51504MH1993PTC251544 |
| Company No. | 251544 |
| Company Classification | Private Limited Indian Non-Government Company |
| Incorporation Date | 17 May 1993 |
| Date of AGM | 12 Jun 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Mumbai |
Financials of Neogrowth Credit Private Limited
Neogrowth Credit Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 5.56% increase. The company also saw a substantial improvement in profitability, with a 143.76% increase in profit. The company's net worth Soared by an impressive increase of 84.09%.
Corporate Structure
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People in Neogrowth Credit Private Limited
Unlock and access historical data on people associated with Neogrowth Credit, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (3)
AN
Arun Nayyar
Managing DirectorAppointment Date: 06-Jan-2022
Status: Current
DG
Deepak Goswami CFOAppointment Date: 11-Jun-2021
Status: Current
TY
Tanushri Yewale Company SecretaryAppointment Date: 19-Feb-2022
Status: Current
Board Members(8)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 17 Nov 2023 | ₹30.00 Cr | Open |
Others Creation Date: 26 Oct 2023 | ₹62.00 Cr | Open |
Others Creation Date: 27 Sep 2023 | ₹25.00 Cr | Open |
Deals i
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Rating
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Alert
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Related Corporates (Common Directorship)
13 years 3 days 
Recent activity within the organization
Charges
A charge with Others amounted to Rs. 30.00 cr with Charge ID 100824388 was registered on 17 Nov 2023.
17 Nov 2023Charges
A charge registered on 04 Mar 2022 via Charge ID 100552926 with Others was fully satisfied on 17 Nov 2023.
17 Nov 2023Charges
A charge registered on 04 Mar 2022 via Charge ID 100552927 with Others was fully satisfied on 17 Nov 2023.
17 Nov 2023Charges
A charge registered on 05 Oct 2020 via Charge ID 100381330 with Others was fully satisfied on 10 Nov 2023.
10 Nov 2023Charges
A charge registered on 31 Mar 2022 via Charge ID 100566281 with Others was fully satisfied on 09 Nov 2023.
09 Nov 2023
Recent News, Updates & Announcement
FMObacked NeoGrowth speeds up revenue profit growth after Turning The Corner.VCCircle 23 Nov 2023
- NeoGrowth evaluates strategic deal as business becomes profitable.
The Mumbaibased NBFC has reported a net profit in the last fiscal after two years of losses now its stakeholders are evaluating if they can exit on a high.
Economic Times 03 Oct 2023
- NeoGrowth In The Black In FY23 Posts Profit Of INR 172 Cr.
Inc42 14 Sep 2023
- NeoGrowth crosses Rs 380 Cr revenue in FY23 turns profitable.
Entrackr 12 Jul 2023
- Fintech Firm NeoGrowth Reins In Bad Loans Comes Out Of The Red.
VCCircle 02 Jun 2023
Frequently asked questions
What is the Incorporation or founding date of Neogrowth Credit Private Limited?
