About Neogrowth Credit Private Limited
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Neogrowth Credit Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 17 May 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51504MH1993PTC251544. Its GSTIN is 27AABCB0266D1Z6 (Maharashtra). The company holds 17 GST registrations, all of them active.
The company has an authorised share capital of ₹117 Cr and a paid-up capital of ₹93.37 Cr. It was formerly known as Bpj Credit & Investments Pvt Ltd. It is led by directors including Arun Kumar Nayyar (Managing Director) and Piyushkumar Khaitan Kusum.
Its last annual general meeting (AGM) was held on 25 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹750.31 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹9.02 Cr (net margin 1.2%) and EBITDA of ₹307.03 Cr (EBITDA margin 40.9%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 17% over five years.
The company has about 664 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: NeoGrowth. As per MCA filings, the company has open charges of ₹1,760.38 Cr and satisfied charges of ₹2,570.68 Cr on record. Court records list 25,150 cases involving the company, including 24,745 filed by the company and 405 filed against it; 9,369 cases are pending. The company has 21 deals on record (9 funding rounds, 5 secondary share transfers, 5 debt financings), with disclosed funding of ₹1,339.69 Cr; the latest was in November 2024. Its 9 peer companies in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 5 larger and 4 smaller; the largest is Kogta Financial (India) Ltd with revenue of ₹770.32 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 212 overdue payments to 53 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website neogrowth.in.
Company details
CIN history
Neogrowth Credit has one previous CIN (Corporate Identification Number): U51504WB1993PTC058857. The current CIN is U51504MH1993PTC251544, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51504MH1993PTC251544 | Current |
| U51504WB1993PTC058857 | Previous |
Contact details
Neogrowth Credit Private Limited's registered office is in Mumbai, Maharashtra. Its website is neogrowth.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressTimes Square Tower E 9th Floor, Marol Andheri – Kurla Road Andheri East, Mumbai, Maharashtra, India – 400059
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Neogrowth Credit Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Neogrowth Credit operates one associated brand: NeoGrowth. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Digital credit platform providing financial solutions to underserved small- and micro- retailers | neogrowth.in |
Business activity
The main business activity of Neogrowth Credit is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Neogrowth Credit Private Limited, buy the company report.
Financials of Neogrowth Credit Private Limited
FY 2025 filings availableNeogrowth Credit Private Limited reported revenue of ₹750.31 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 25% growth in the latest year. EBITDA fell 2% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹307.03 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹9.02 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 40.9% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Neogrowth Credit Private Limited, buy the company report.
Board of directors of Neogrowth Credit Private Limited
Neogrowth Credit has 9 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Venkateshwaran Rengaswamy Also directs: Quona India Advisors LLP, Gifting Star Private Limited | Nominee Director | 29 Jul 2015 | 11 Years 3 Months | Current |
| Piyushkumar Khaitan Kusum | Director | 07 Jun 2012 | 14 Years 4 Months | Current |
| Bindu Ananth Also directs: Dvara Money Private Limited, Avanti Finance Private Limited, Dvara Health Finance Private Limited and 2 more | Director | 10 Oct 2019 | 7 Years 0 Months | Current |
| Arun Kumar Nayyar | Managing Director | 12 Dec 2022 | 3 Years 10 Months | Current |
| Pranav Kumar | Nominee Director | 23 Apr 2025 | 1 Years 6 Months | Current |
| Dhruv Kumar Khaitan Also directs: Kfo Enterprises LLP, Bonanza Trading Company Private Limited, Eden Viniyog Pvt Ltd and 1 more | Director | 07 Jun 2012 | 14 Years 4 Months | Current |
Peer comparison
Neogrowth Credit Private Limited is compared with the 9 companies closest to it by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kogta Financial (India) Ltd | ₹770.32 Cr (FY 2024) | 48.0% | Bijainagar, Rajasthan, India | |||
| Finova Capital Private Limited | ₹762.34 Cr (FY 2025) | 44.0% | Jaipur, Rajasthan, India | |||
| L&T Infra Credit Limited | ₹754.82 Cr (FY 2019) | 33.0% | Mumbai, Maharashtra, India | |||
| Fincfriends Private Limited | ₹753.57 Cr (FY 2025) | 118.0% | Gurgaon, Haryana, India | |||
| Thermic Steel Co Pvt Ltd | ₹752.43 Cr (FY 2025) | 2166744.0% | Kolkata, West Bengal, India | |||
| Neogrowth Credit Private Limitedthis company | ₹750.31 Cr (FY 2025) | ₹9.02 Cr | 1.2% | 25.0% | 664 | Mumbai, Maharashtra, India |
| Tash Investment Private Limited | ₹746.97 Cr (FY 2019) | 38.0% | Gujarat, India | |||
| Rexcin Finance Private Limited | ₹731.25 Cr (FY 2017) | 670970.0% | Delhi, India | |||
| Karni Syntex Pvt. Ltd. | ₹718.59 Cr (FY 2025) | -18.0% | Kolkata, West Bengal, India | |||
| Supreme Impex Private Ltd | ₹709.14 Cr (FY 2025) | -8.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Neogrowth Credit Private Limited, buy the company report.
Auditor
Neogrowth Credit Private Limited is audited by S R Batliboi & Associates LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R Batliboi & Associates LLP | FY 2019 | 101049W/E300004 |
Shareholding
The shareholding of Neogrowth Credit Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neogrowth Credit Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Aug 2025 | 101151989 | Others | ₹25 Cr | Open | |
| 20 Aug 2025 | 101153688 | Others | ₹25 Cr | Open | |
| 26 Jun 2025 | 101120804 | Others | ₹10 Cr | Open | |
| 26 Jun 2025 | 101120784 | Others | ₹10 Cr | Open | |
| 23 May 2025 | 101108019 | Indian Overseas Bank | ₹10 Cr | Open |
To see the full charge records of Neogrowth Credit Private Limited, buy the company report.
Total charge records: 214 View all charges
Deals & funding
Neogrowth Credit Private Limited has 21 deals on record (9 funding rounds, 5 secondary share transfers, 5 debt financings), with disclosed funding of ₹1,339.69 Cr; the latest was in November 2024.
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2024 | Funding round | ₹42 Cr | Investors: UTI International |
| Jul 2024 | Debt financing | ₹93.7 Cr | Investors: Symbiotics |
| Feb 2023 | Debt financing | ₹101.94 Cr | Investors: NorthernArc Capital Limited, DWM SDGS Credit Fund, Northern ARC Investments |
| Dec 2022 | Funding round · Series D | ₹160 Cr | Investors: Netherlands Development Finance Company |
| Jun 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: SDJ Finance Pvt.Ltd. , Bee Pee Jay Finance Ltd. , 2 individuals |
To see the full deal history of Neogrowth Credit Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Neogrowth Credit Private Limited has 25,150 court cases on record: 24,745 filed by Neogrowth Credit, 405 filed against it. 9,369 cases are pending and 15,781 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24,865 | 293 | 9,324 |
| High courts | 255 | 82 | 32 |
| Supreme Court | 17 | 17 | 7 |
| NCLAT | 10 | 10 | 6 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 25,150)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Gamut Analytics Pvt Ltd | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Mr. Balmukund Bansilal Bahedia (Personal Guarantor of M/S Laxmi Metal Syndicate LLP ) | Pending |
| District court, Madurai, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company by M/S Ply and Mica Centre | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
To see the full case history of Neogrowth Credit Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Neogrowth Credit Private Limited was last rated by Care on 24 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 24 Aug 2021 |
To see the full credit ratings and regulatory alerts of Neogrowth Credit Private Limited, buy the company report.
MSME payment delays
Neogrowth Credit Private Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 212 overdue payments to 53 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 53)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mahagauri Engineers | |||
| SB Express Cargo LLP | |||
| an individual supplier | |||
| Astral Management Consulting Private Limited | |||
| Perfios Account Aggregation Services Private Limited |
To see the full MSME payment records of Neogrowth Credit Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Neogrowth Credit Private Limited has a workforce of 664 employees on its EPFO records as of Oct 08, 2025, across 1 active EPFO establishment.
GST
Neogrowth Credit has 17 GST registrations: 17 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCB0266D1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 27AABCB0266D2Z5 | Maharashtra | Active | 11 Jun 2024 |
| 07AABCB0266D1Z8 | Delhi | Active | 01 Jul 2017 |
| 29AABCB0266D1Z2 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Neogrowth Credit Private Limited, buy the company report.
Recent activity
Neogrowth Credit Private Limited has 43 board changes on record since 1993: 26 appointments and 17 cessations. The latest: Pranav Kumar was appointed as Nominee Director on 23 Apr 2025.
467 earlier events are in the company report.
News
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Frequently asked questions
Neogrowth Credit is an active private limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 17 May 1993 (33+ years old) and is registered under CIN U51504MH1993PTC251544.
Neogrowth Credit has 9 current directors:
- Arun Kumar Nayyar - Managing Director
- Ganesh Venkateshwaran Rengaswamy - Nominee Director
- Piyushkumar Khaitan Kusum - Director
- Bindu Ananth - Director
- Pranav Kumar - Nominee Director
- Dhruv Kumar Khaitan - Director
- Ramakrishnan Subramanian - Nominee Director
- Suresh Jayaraman - Director
- Purana Housdurgam Vijaya Deepti - Nominee Director
The latest financial statements of Neogrowth Credit on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Neogrowth Credit is 27AABCB0266D1Z6, registered in Maharashtra. The company has 17 GST registrations in all, of which 17 are active. Other active GSTINs include 27AABCB0266D2Z5 (Maharashtra), 07AABCB0266D1Z8 (Delhi), 29AABCB0266D1Z2 (Karnataka).
The CIN (Corporate Identification Number) of Neogrowth Credit is U51504MH1993PTC251544. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neogrowth Credit has 25,150 court cases on record: 24,745 filed by the company and 405 filed against it. 9,369 are pending. Most are in the district courts.
Neogrowth Credit was incorporated on 17 May 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Neogrowth Credit has 21 deals on record (9 funding rounds, 5 secondary share transfers, 5 debt financings), with disclosed funding of ₹1,339.69 Cr; the latest was in November 2024.
The peers of Neogrowth Credit by revenue are Kogta Financial (India) Ltd, Finova Capital Private Limited, L&T Infra Credit Limited, Fincfriends Private Limited, Thermic Steel Co Pvt Ltd and 4 more, all in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities).
Pranav Kumar was appointed as Nominee Director on 23 Apr 2025. Michael Jude Fernandes ceased to be Director on 02 Apr 2025. Purana Housdurgam Vijaya Deepti was appointed as Nominee Director on 09 Sep 2024. Neogrowth Credit has 43 board changes on record in total.
Neogrowth Credit has 11 MSME Form 1 returns on record between 2019 and 2024, listing 212 overdue payments to 53 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Neogrowth Credit can be reached through the website neogrowth.in. Its registered office is in Mumbai, Maharashtra, India.
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