NeoGrowth receives ISO 9001:2015 certification for its lending services to MSMEs
Piyush Khaitan, MD & Founder, NeoGrowth
NeoGrowth, a pioneer in NBFC lending to the under-served MSMEs, has received the ISO 9001:2015 certification from The International Organization for Standardization (ISO). The company is among the first few players in the SME lending space to receive this certification for quality assurance in its processes, according to a company press release.
ISO 9001 is the approved Quality Management System (QMS) implemented across India. It validates the fact that every process that is active or under development within a certified organisation will have a corresponding and specific control measure to produce a final product or service that is in accordance with the quality expectations of the end user.
Speaking on the grant of the certification, Piyush Khaitan, MD & Founder, NeoGrowth, said,
"At NeoGrowth, we are committed towards continual improvement to give our customers easy access to credit, and being certified as an ISO 9001:2015 organisation further cements this fact. We have continuously evolved our processes since our inception in 2013 to enable MSME companies get access to funds in the easiest, compliant, and most hassle-free manner."
The platform makes use of the latest in technology to create modern lending and repayment tools, which facilitate a seamless process from start to finish, unlike traditional options of financial accessibility.
"We are confident that the recent certification will further enhance our client's trust in NeoGrowth’s operations and help us shape the country’s entrepreneurial and socio-economic landscape better," Piyush adds.
NeoGrowth has already partnered with over 13000+ business merchants and aims to aggressively expand across India. The enterprise has helped boost business activity, revenue generation, and employment opportunities, especially in India’s MSME segment. Its operations are spread across cities such as Mumbai, Bengaluru, Delhi, Chennai, Coimbatore, Pune, Kolkata, Hyderabad, Jaipur, Chandigarh, Ahmedabad, Lucknow, Ludhiana, Surat, Mysore, Madurai, Nagpur, Indore, Vadodara, Vijayawada, and Vizag.
NeoGrowth has also partnered with Paisabazaar.com to provide swipe-machine-based or POS-based loans to small and medium scale enterprises. Following their alliance, NeoGrowth and Paisabazaar.com increased their point-of-sale (POS)-based loan business by 100 percent during Oct-Dec 2018 over the previous quarter.
The company has seen a wide-scale acceptance from early-stage and mature businesses across India, facilitating credit accessibility during a phase when securing credit from the right sources is a struggle.