SME digital lender NeoGrowth has appointed Arun Nayyar, to the company’s Board of Directors, with effect from January 6, 2022. He has been designated as Whole-time Director & CEO, and with this appointment, the Board now comprises nine members.
Nayyar comes with more than two decades of rich experience in the BFSI industry and has spent the last 12 years in leading early and growth-stage MSME lending businesses. Prior to NeoGrowth, Arun Nayyar was with Edelweiss Financial Services where he had been the ‘Chief Executive Officer – SME Lending’. He has also worked with Citibank and CRISIL. He is a Chartered Accountant by qualification.
He has played an instrumental role in advancing the digital loan journey for NeoGrowth customers, increasing its branch network, adding to its product range, and growing the portfolio. The company has also navigated through multiple challenges including the outbreak and aftermath of the COVID-19 pandemic. There has been a clear focus on building technology, use of analytics and staying at the forefront of the latest industry developments.
Commenting on the appointment of Nayyar, Dhruv Khaitan, Founder & Chairman, NeoGrowth, said, “Arun’s stewardship has resulted in delivering tremendous business value to all stakeholders, in spite of the pandemic distress. Under his leadership, NeoGrowth’s business volumes are back to pre-COVID levels. I look forward to having him on the Board as we continue to work together in this journey for NeoGrowth to reach newer heights.”