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Our Client's Story | Business Loans & Finance in India | NeoGrowth

        Client Stories

PurnaBramha

Jayanti Kathale

PurnaBramha

“NeoGrowth provides sweet, tiny and perfect loans for the businesses like PurnaBramha”

Purnabramha is a franchise of authentic Maharashtrian food restaurants. They have their main restaurant in Bangalore and are planning to spread their business across other states in India.

About the business

Jayanti Kathale, the owner of PurnaBramha, converted her passion for food into a successful career. She changed her profession at the peak of her career with Infosys and embraced entrepreneurship to start Purna Bramha, a restaurant specializing in authentic regional Maharashtrian cuisine. Her initial attempts at entrepreneurship were constrained. Purna Bramha started as a small venture with limited funds but eventually as she made up her mind for the big move, Jayanti needed more working capital to expand.

NeoGrowth's Role

NeoGrowth’s timely funding proved beneficial for Purna Bramha. Currently Jayanti is not just restricted to Bangalore, and she is expanding her business through a franchise model which is exclusive to women entrepreneurs. She has also set a personal goal to open 5,000 outlets across the globe over time.

She got to know about NeoGrowth through her contacts and in her own words: “When I was in a real big need of financial working capital for my business to grow, then NeoGrowth came in picture.”

SportXS

Zahir and Monica

SportXS

“We had a brilliant customer experience with NeoGrowth. We have recommended NeoGrowth to all our friends in retail!”

SportXS - founded by Zahir and Monica- is a big chain of sport retail stores spreading across 4 cities - Mumbai, Pune, Chennai and Bangalore

About the business

SportXS is essentially a sports care equipment brand and its one of the India’s largest and the only organised equipment retail store. They have around 10 stores across 4 cities - 3 stores in Mumbai, 3 stores in Bangalore, 2 in Chennai and 2 in Pune.

NeoGrowth's Role

As with most of the entrepreneurs, the secured lending becomes a big issue. And same was the case with SportXS. They were looking at small time lending for their working capital needs. And after searching on internet , they found NeoGrowth. They contacted NeoGrowth around end of January, 2016. NeoGrowth’s timley response and hassle free documentation helped them to get the funds at the right time to expand their business.

Their experience can be summarized in their words: “NeoGrowth is one of the best partners to have on board.”

Drape Shoppe

Mr. Abdulmajid Mansuri

Drape Shoppe

“My interaction with NeoGrowth was completely effortless”

Drape Shoppe deals in retail of home furnishings, upholstery, mattresses and top quality material for customised sofas and curtains etc. They offer a wide range of national and international furnishing fabrics, and have an impressive clientele spanning across film stars, television actors and corporate honchos etc.

About the business

The current home & lifestyle retail circle is buzzing with opportunities and technological developments, layers between the customer and the company are drastically reducing. Mr. Majid is a first generation entrepreneur who scaled up from a small 150 sq.ft shop to one of the landmark 5000 sq. ft furnishing stores in Mumbai. He thinks ahead of a regular retailer and believes in offering a stylish look and feel to every prospective customer stepping into his store, his passion for great customer service is his biggest strength. “We deal with a lot of high profile celebrities and film stars and we have to invest in maintaining an up-to-date stock. We are in the business of enhancing your house, which is the biggest investment for any individual hence it is our duty to offer the best drapes and home furnishings.”

NeoGrowth's Role

Mr. Majid trajectory of growth is phenomenal but there was a point when he was holding back on expansion due to lack of financial support, until he found a trusted and hassle free means of financial backing. A great leader leads from the front and Mr. Majid with the help of NeoGrowth has laid the foundation for his family business to flourish and grow further.

Most of his clients are much more comfortable ‘using a card’ thus when NeoGrowth offered the option of repayment via every card swipe it seemed like the most logical financial solution for Drape Shoppe. “There was no hassle in terms up lengthy paper work or verifications, their customer service team is extremely efficient and customer centric. My interaction with NeoGrowth was completely effortless, I never realised when our loan was repaid and now I am going to renew my contract with them. Working capital is very important to move my dreams to reality.”

He candidly mentions “If seeing is believing then I would suggest you meet a NeoGrowth representative for yourself and see how they can help you grow your business.”

Mr. Mansuri blends his 35 years of experience with a progressive approach towards growth, NeoGrowth values this collaboration and aims to make this business partnership stronger and more trustworthy.

Sams Studio

Vabez Sarosh Wankadia

Sams Studio

“As a woman entrepreneur NeoGrowth gave me wings and a completely new perspective towards dreaming big.”

Sam's Studio provides specialised hair, beauty and nail treatment to their clients. They have recently expanded and introduced spa and rejuvenation services. They cater to a high profile customer base spread across the posh areas of Bandra and Pali Hill in Mumbai.

About the business

The ‘Beauty Industry’ is multiplying many folds, specialised salons are upgrading themselves to deliver top quality experience and service to their clients. The dynamics of the wellness industry are much more demanding and one has to raise their standards to cater to this upward trend.

Vabez started with Sam’s Studio 5 years back, her first step towards building her dream into reality was the fact that she never feared failure. She started with a salon and expanded her offerings further into spa’s and specialised hair treatments. As a business woman she is extremely particular about anticipating her expenditure and having a contingency plan, financial stability is an important factor to her growth plan.

NeoGrowth's Role

Vabez got to know about NeoGrowth via digital media and approached them instantly without any hesitation. NeoGrowth appealed to her as a businesswoman, as well as a passionate entrepreneur. “As a woman entrepreneur NeoGrowth gave me wings and a completely new perspective towards dreaming big.”

NeoGrowth is her financial backbone, she has already found a friend in them and is looking forward to renewing her contract. Vabez is particularly very excited about the convenience of the repayment system which is completely based on your sales, this suits her as there is complete transparency in the way NeoGrowth functions. “My clients are so inquisitive about this friendly gadget, every swipe deducts my repayment which means I have no stress at the end of the month, I can define NeoGrowth as flexible, reliable and trustworthy.”

A brand that inculcates trust, is the one that you recommend and she candidly says, “I always tell my friends about NeoGrowth, you never know who needs their financial backing.”

NeoGrowth is proud to be associated with a woman of substance, Vabez’s story is a testimony to the fact that women entrepreneurs are unstoppable, as long as they believe in themselves any target is achievable.

Ex Casuals

Bipin Gada

Bipin Gada

Ex Casuals

“Repayment process is so simple that paying back never pinched me”

EX casuals is a Garment outlet specialized in western casual wear for men & women. EX Casuals boasts of stocking trendy western wear & has a loyal base of customers who turn to this shop for picking up latest in fashion world.

About the business

EX Casuals was born out of the sheer entrepreneurship of Mr. Bipin Gada who was working as a salaried professional in Garment industry. Equipped with necessary business knowledge, he decided to start his own business & ventured into readymade garment retailing 10 years back. With business growing steadily he opened another outlet & had plans to expand further. Like any business, the garment business also requires working capital for various regular expenses like cost for equipment, interiors, employee salary etc.

Caught up in managing the regular expenses, there was a need of additional liquid funds if his dreams to grow his business were to materialize. That’s when he started exploring his options to avail a business loan

NeoGrowth's Role

Mr. Bipin started looking for a business loan through his contacts & various other sources. He found the bank’s repayment process quite stringent with a fixed EMI & fixed date of repayment. He realised that with his current operating expenses of the business, repayment through this medium would be challenging for him. It was then that he came across NeoGrowth business loan.

“The best & most convenient part of NeoGrowth loans is their repayment model based on the business performance. NeoGrowth understood my requirements & linked repayment to my card swipe business. This has given me comfort as I get more time to repay my loan if business slows down. In true sense it’s like a business partnership. NeoGrowth has a superior customer service team that helped me all through my loan tenure.”

“A true business friend like NeoGrowth helps you with money every time you need.”

EON Retailers L.L.P

Altaf Fatehali Duran

Altaf Fatehali Duran

EON Retailers L.L.P

“As my business expanded, I found a Lifetime friend in NeoGrowth”

EON Retailers is one of the successful Footwear Retailers in Pune. They retail all Major brands of Footwear for men, women & kids category.

About the business

EON Retailers is one of the successful Footwear Retailers in Pune. They retail all Major brands of Footwear for men, women & kids category.

With business growing rapidly he expanded from a single retail outlet to 4 outlets in a short span oftime across Maharashtra - Mumbai, Pune & Nasik.

NeoGrowth's Role

As business grew, so did the requirement of working capital. Mr. Alataf was initially very hesitant to the idea of borrowing money from external parties. However he soon realised that if he were to make it big & materialize his business dreams he did require funding from a trustworthy source.

Once he decided to raise funding, he turned to the traditional sources of Finance. Soon he found himself caught up in innumerable calls, documentation & follow-ups from multiple bank executives. Apart from documentation, it was also an extremely time consuming process. His search finally ended when he got a call from NeoGrowth. He expressed his intention to take a loan & the very next day an executive visited his shop for a 10 minute meeting. He filled the loan application form & was sanctioned a loan in 3 days flat!

“I was surprised to get Sanction Letter from NeoGrowth within 3 days of my Loan application. That was the starting point of a new business relationship with NeoGrowth. Their flexible repayment model really helped me grow my business.”

Satyam Home Appliances

Jatindra Prajapati

Jatindra Prajapati

Satyam Home Appliances

“NeoGrowth fuelled my Passion to make it big by providing timely funding. They are truly setting up a new benchmark for Convenience & Speed of Funding”

With over 25 years of business experience in Home Appliances segment, Satyam Home Appliances is a chain of retail outlets spread across the western suburbs of Mumbai. They retail all major Brands in Home Appliances segment.

About the business

Satyam started with a small shop retailing electronic home appliances. Gradually with growing market for home appliances in India, his business witnessed huge growth. He started expanding his retail footprint across western suburbs of Mumbai & currently has 5 outlets.

NeoGrowth's Role

Soon he needed funds for inventory & expansion. Initially he raised funds from banks against his inventory as collateral security but, he realised that it was inconvenient to do so for a long period of time. That’s when he started looking for alternative options. He got introduced to NeoGrowth through a friend who had availed NeoGrowth loan & was very happy with the service.

Quotes Mr.Jitendra “My Relationship with NeoGrowth started back in Nov 2014 when I required a small loan for some urgent business need. NeoGrowth was responsive to my funding requirements & provided me a business loan only based on my monthly credit/debit card swipes. I was amazed at the speed with which they disbursed my loan in 3 days with a 30-minute loan approval process.”

Post the first loan he requested for a renewal & chose NeoGrowth for the fourth time in a row inspite of the various options available in the market today for business loans.

“I am thankful to NeoGrowth for helping me in not only expanding the business but also empowering us to impact many livelihoods through the jobs that we have created in our various outlets.”