NeoGrowth Turns Profitable in FY23 with Rs 380 Cr revenue, Aims for Market Expansion

  • MSMEs-focused lender NeoGrowth turns profitable in FY23, with revenue from operations flat at Rs 381 crore; a rise of 5.4% compared to Rs 361.6 crore in the previous fiscal year.
  • The company experienced a 19.4% increase in assets under management, reaching Rs 1,850 crore. There was a significant 30% growth in loan disbursements, amounting to approximately Rs 1,900 crore.
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