Launch of Bengaluru Office

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NeoGrowth establishes its presence in South India with a fully operational branch office at Bengaluru. This is NeoGrowth’s third branch after successfully launching and establishing branches in Mumbai and Delhi earlier this year. NeoCash, the convenient Business Cash Advance from NeoGrowth is based on repayment out of card acceptance at Merchant establishments. Speaking on the occasion, Mr. P.K. Khaitan, Managing Director of NeoGrowth Credit Pvt Ltd., said, “With the opening of the Bengaluru office NeoGrowth now geographically covers 55% of India’s card acceptance footprint. Now we will focus on deeper penetration in these cities and build market share before venturing further. Bengaluru is a fast growing card acceptance market, and NeoCash will enable small businesses to access growth capital in a speedy and convenient way.” 2013 has been pivotal for NeoGrowth as we transited from primary stages of planning to launching to acquiring and enriching the value of our portfolio. Bengaluru the second – fastest growing metropolis in India, with a GDP of US$83 billion, has become a hub for economic & cultural activities. The presence of global IT companies has transformed Bengaluru into a high growth city, a preferred business destination. It is the fourth among the top 15 cities contributing to India’s overall Gross Domestic Product (GDP). The Bengaluru office is headed by the diversely experienced Gopal Bennuri – AVP Sales. He will head a team of 10 members initially and expand as required. Gopal specialises in the fields of credit cards, merchant acquiring, payments, remittances, process controls, and telecom wireline solutions. Having more than 10 years of experience with premier organisations. We look forward to seeing him translate his expertise into business numbers for the Southern region.