Bottomline: FMO-backed NeoGrowth’s profitability weakens as bad loans surge
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Bottomline: FMO-backed NeoGrowth’s profitability weakens as bad loans surge

By Malvika Maloo

  • 19 Feb 2025
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Bottomline: FMO-backed NeoGrowth’s profitability weakens as bad loans surge
Arun Nayyar, MD & CEO, NeoGrowth

NeoGrowth Credit Pvt. Ltd, a non-bank lender backed by several impact investors and private equity firms, has recorded a sharp drop in profitability in the current financial year as bad loans and credit costs surged.  The Mumbai-based non-banking finance company (NBFC) that provides collateral-free business loans to micro, small and medium ......

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