CEO Of NeoGrowth Arun Nayar appointed as whole-time board

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NeoGrowth is  India’s one of the leading small and medium digital lenders, newly appointed its Chief Executive Officer, Mr. Arun Nayyar, to the company’s Board of Directors from January  2022. He has been appointed as Whole-time Director and  CEO and with this appointment, the Board now includes nine members.

Mr. Arun Nayyar has more than two decades of rich experience in the BFSI industry and Chartered Accountant by qualification. He spent the last 12 years directing early and development stage MSME lending businesses. Primary to NeoGrowth, Arun Nayyar was the CEO of Edelweiss Financial Services. He has also worked with Citibank and CRISIL, Indian analytical company credit based on the performance of companies

Mr. Arun Nayyar has served as CEO of NeoGrowth since 2018. Under his leadership, the company has been emphasizing on creative with proprietary technology. He has played an instrumental role in advancing the digital loan journey for NeoGrowth customers, increasing its branch network, adding to its product range, and growing the wide range.

The company has also negotiated through various challenges including the outbreak and aftereffect of the COVID-19 pandemic. There has been a clear objective on building technology, use of analytics, and staying at the forefront of the latest industry developments.

Mr. Dhruv Khaitan, Founder, and Chairman of  NeoGrowth have the perception that “Arun’s supervision has resulted in increasing massive business value to all stakeholders despite the pandemic problems.

Under his control , NeoGrowth’s business  are back to pre-COVID levels. I look forward to having him on the Board as we continue to work together in this journey for NeoGrowth to reach new levels”

Mr. Arun Nayyar, Chief Executive Officer, NeoGrowth, said, “I thank the Board for believing their faith in me. At NeoGrowth, we continue to introduce tailored products and services that make digital lending easy and efficient for all small businesses and meet their business needs. With the support of the Board, I look forward to driving NeoGrowth to its highest capacity.

During the pandemic, NeoGrowth was one of the first non-banking finance companies (NBFCs) to create a customer outreach program, Sanjivni, as a measure to combat COVID-19 effectively Over the last three years, NeoGrowth has established different digitally enabled products like NeoCash Insta Loan, Plus secured loans, and several digital invest including a customer app to support the customer throughout the loan journey.

The company has also a very responsive and proactive risk management approach to overcome business oppositions.

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