An interview with Mr. P K Khaitan was Published in AHAR Hospitality Guide (A Publication of the Indian Association- Hotel & Restaurant Since 1979) this is reproduced below:
|NeoGrowth Credit Pvt Ltd. is a fast growing Non-Banking Finance Company registered with the Reserve Bank of India* and is a member of CIBIL.
NeoCash, the Smart Merchant Advance offered by NeoGrowth, is the first of its kind business finance option for Apparel Stores, Groceries, Pharmacies, Restaurants, Salons and other small businesses with unique features. NeoCash is tailor made for merchants accepting card payments, as it has no fixed EMI and allows Automatic Repayment. The product requires Minimum Documentation, and comes with Doorstep Fulfilment Service.
NeoGrowth has been set up by DK & PK Khaitan in 2011, and Omidyar Networks, a Silicon Valley VC fund, also has an equity investment. Having piloted the product in 2012-13, NeoGrowth has launched commercial operations in Mumbai, Delhi, Bengaluru and plans to expand to other markets in India. NeoGrowth has built AdvanceSuite© , the most sophisticated Business Advance platform in the world, which enables seamless enterprise wide workflow integration, automated tracking, robust risk management, reporting and business intelligence capabilities.
|* The company is having a valid Certificate of Registration dated September 30, 2013 issued by the Reserve Bank of India under section 45-IA of the Reserve Bank of India Act, 1934. However the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinion expressed by the company and for repayment of deposits / discharge of liabilities by the company.|