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NeoGrowth Board of Directors | Small Business Fundings in India

NeoGrowth Board Of Directors

Dhruv Khaitan

Dhruv Khaitan

Chairman & Founder

  • Dhruv Khaitan (DK) has been involved as a founder, in conceptualizing, creating and scaling high technology ventures in India. He has been a strategic mentor in these companies, and guided these companies through their stages of start-up, growth, market leadership and eventual divestment to strategic buyers who wanted to establish their leadership in India.

  • Chairman of Venture Infotek until divestiture.

  • Established an industrial automation start-up which evolved into a joint venture with, and eventually a divestment to the Fortune 500 Rockwell International of USA.

  • Bachelors' degree in Physics from the University of Kolkata, Bachelor’s degree in Electrical Engineering from MIT, USA; Master's Degree from University of California, Berkley, USA

  • Along with his family, DK has participated and supported various cultural, spiritual and philanthropic organizations in India

Piyush Khaitan

Piyush Khaitan

MD & Founder

  • Piyush Khaitan (PK) is a seasoned operating executive who has successfully founded a number of businesses and operated them to high levels of success.

  • Prior to NeoGrowth, PK was the Managing Director of Venture Infotek until divestment. He had also founded DEI, India's largest secure card personalization bureau which merged into Venture Infotek in 2007.

  • He has worked closely with the Card Networks, RBI and IBA in framing policies and giving direction to the card payments industry in India. He was also the Founder Chairman of the 'ePayments Focus Group' of the Smart Card Forum of India (SCAFI) from 2000 thru 2005.

  • Bachelor’s degree with honors from Mumbai University, Small and Medium Enterprises Program (SMEP) from IIM, Ahmedabad.

Smita Aggarwal

Smita Aggarwal

Director - Investments at Omidyar Network

  • Smita leads strategy and investments for Omidyar Network’s Financial Services initiative in India. She joined the board of NeoGrowth in June 2016.

  • Before joining Omidyar Network, Smita served as senior program director at CAFRAL, a global think tank promoted by the Reserve Bank of India, where she designed and delivered executive programs and workshops on strategy, risk management, digital banking, financial inclusion, and governance for bank CEOs and directors.

  • She began her career with ICICI Bank, where she held various leadership positions including head of rural and agricultural insurance business, head of strategy, head of e-channels, head of CRM, and head of international resources.

  • A Chartered Accountant, Smita graduated from Sydenham College in Mumbai and attended executive programs at Harvard Business School and MIT Sloan School of Management.

B. S. Nagesh

B. S. Nagesh

Independent Director

  • He is the Founder of TRRAIN (Trust for Retailers and Retail Associates of India).

  • He is also the founder chairman of RAI (Retail Association of India) and continues to champion the cause of Indian retail industry and upgrading the lives of people. He joined the board of NeoGrowth in January 2015.

  • He has played Instrumental role in setting up Hypercity, a chain of hypermarkets.

  • He has received his MBA at Benares Hindu University.

  • He is also a board member at various marquee organizations such as Marico Limited, IGDS – A global association of department stores, and ENIL (Radio Mirchi) of Times of India Group.

  • He is a retail industry veteran, who is credited with ushering in international brands and modern retailing in India.

  • He is the only Indian retailer and the first Asian retailer to take a significant place alongside more than 100 achievers in the World Retail Hall of Fame.

Ganesh Rangaswamy

Ganesh Rengaswamy

Co-founder and Partner at Quona Capital

  • He is the Co-founder and Partner at Quona Capital and joined the board of NeoGrowth in July 2015.

  • He is seasoned entrepreneur and has been an impact technology venture investor across India, Asia and Silicon Valley.

  • Earlier he was General Partner at Lok Capital, a venture growth fund that invests in social enterprises with innovative and technologically advanced services in financial inclusion, education, and employability.

  • He has also served as Asia Director for Unitus Inc., global organization that works to reduce poverty by finding commercially sustainable solutions in financial inclusion. Prior to Unitus Inc., he led the entry of Greylock Partners, a leading Silicon Valley venture growth fund, into the Indian market.

  • He holds MBA from Harvard Business School and is co-founder of Travelguru.com.

Prashasta Seth

Prashasta Seth

CEO - IIFL AMC

  • Seth has joined the board of NeoGrowth in June 2016.

  • He has over 16 years of experience and been with the IIFL Group for more than eight years. He is currently the CEO of management arm of the group ( IIFL AMC). In addition he takes care of the equity investments – both private and public for the group. Before his current role he was managing and advising pooled assets and client portfolios specifically focusing on developing investment strategies, generating stock ideas and creating actionable research reports.

  • Prior to joining IIFL Group he was heading Irevna (a S&P Company engaged in financial research & analytics).

  • Earlier to that he was with JP Morgan, London and was responsible for structuring CDOs.

  • Prashasta has a PGDBM from IIM Ahmedabad and a B.Tech from IIT Kanpur and has over sixteen years of industry experience.

Michael Fernandes

Michael Fernandes

Partner – LeapFrog Investments

  • Michael Fernandes is Partner at LeapFrog Investments and co-leads LeapFrog’s work in South and Southeast Asia.

  • He has over 20 years of experience in operations, consulting and investing and has led several of LeapFrog’s landmark investments, including IFMR Capital, Fincare and NeoGrowth in India and Reliance Capital, a local financial services player in Indonesia.

  • Michael was the former Country Head for India for Khazanah Nasional, Malaysia’s sovereign fund, Michael led the global healthcare team, also focusing on financial services and infrastructure. He was responsible for over $700 million of investments in India, including Yes Bank, L&T Finance and Uniquest; and served on the boards of IDFC, and Apollo Hospitals. He managed the Khazanah healthcare portfolio, ranging from hospitals to health insurance providers, that was consolidated under IHH Healthcare and listed in Singapore for a $7 billion valuation.

  • Previously, Michael led the $250 million global custom manufacturing business for the Piramal Healthcare Group, focusing on global acquisitions, business development, supply chain management and talent.

Pranav Kumar

Pranav Kumar

Associate Director – LeapFrog Investments

  • Pranav is a member of LeapFrog’s Asia team, sourcing, evaluating and managing investments across South and Southeast Asia.

  • He has more than nine years of experience in private equity investment, management consulting and development financing. Before joining LeapFrog, Pranav worked with the World Bank Group based in Singapore on strategy and design of investment funds and grants for SMEs and startups in Southeast Asia, MENA and Africa. Prior to that, Pranav was an Engagement Manager at McKinsey & Co. based in India where he led teams on strategy and business transformation projects for banks, insurance and NBFCs.

  • Pranav has an MBA from Indian Institute of Management, Ahmedabad and a Bachelor of Technology in Computer Science & Engineering from Indian Institute of Technology, Bombay.