Neo Group - About the company
Neo Group is a series B company based in Mumbai (India), founded in 2021 by Puneet Jain, Shajikumar Devakar, Varun Bajpai and Hemant Daga. It operates as a Provider of wealth and asset management. Neo Group has raised $209M in funding from investors like Atha Group, Peak XV Partners and Morde, with a current valuation of $*****. The company has 1613 active competitors, including 26 funded and 145 that have exited. Its top competitors include companies like FIS, Fidelity Investments and S&P Global.
Company Details
Provider of wealth and asset management. The company offers wealth management services, specialized intergenerational solutions, and bespoke solutions for global clients. It also provides asset management services as a private markets manager, delivering sustainable bespoke solutions across credit, equities, and real assets.
- Website
- www.neo-group.in
- Social
- Email ID
- *****@neo-group.in
- Registered Address
- 903, B-Wing, 9th Floor, Marathon Futurex, Mafatlal Mills Compound, N.M. Joshi Marg, Lower P, arel, Mumbai City, Mumbai, Maharashtra, India, 400013
Key Metrics
Legal entities associated with Neo Group
Neo Group is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
NEO ALTERNATIVE ASSET MANAGERS PRIVATE LIMITED CIN: U66300MH2021PTC371799 , India, Active | Nov 18, 2021 | $9.12M (As on Mar 31, 2025) | 99 (As on Mar 01, 2026) | |
ARVESTA FINANCIAL SERVICES PRIVATE LIMITED CIN: U64990MH2024PTC417309 , India, Active | Jan 16, 2024 | $3.41M (As on Mar 31, 2025) | 142 (As on Mar 01, 2026) | |
Neo Wealth Management Private Limited CIN: U70200MH2021PTC367572 , India, Active | Sep 15, 2021 | $11.2M (As on Mar 31, 2025) | 192 (As on Mar 01, 2026) |
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Neo Group's funding and investors
Neo Group has raised a total funding of $209M over 7 rounds. Its first funding round was on Dec 15, 2021. Its latest funding round was a PE round on Mar 20, 2026 for $*****. 1 investor participated in its latest round. Neo Group has 15 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of Neo Group:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 20, 2026 | 7185881 | PE | 8037197 | 2477672 | 2113380 | 1944508 |
Nov 25, 2025 | 5351466 | Series B | 7870579 | 2231885 | 2956283 | |
Aug 21, 2025 | 3064714 | Series B | 9513825 | 5293009 |
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Neo Group's founders and board of directors
Founder? Claim ProfileThe founders of Neo Group are Puneet Jain, Shajikumar Devakar, Varun Bajpai and Hemant Daga. Shajikumar Devakar and Hemant Daga are the CEOs of Neo Group.
Here are the details of Neo Group's key team members:
- Puneet Jain: Co-Founder & CIO & MD of Neo Group and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address
- Shajikumar Devakar: Co-Founder & Co-CEO of Neo Group. They are also an angel investor in 2 startups.Contact Info: 1 email address
- Varun Bajpai: Co-Founder of Neo Group. They are also an angel investor in 1 startup.Contact Info: 1 email address
- Hemant Daga: Co-Founder & Co-CEO of Neo Group. Contact Info: 1 email address
Neo Group's Board of Directors
Neo Group's board has 4 active members. Puneet Jain and Hemant Daga are part of team and Suresh Chand Goyal and Devina Shalin Khanna are independent board members.Here is the list of Neo Group's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 3y 7m | |
Team | - | Current | 4y 0m | |
Independent board member | - | Current | 4y 4m | |
xgfecab | Independent board member | - | Current | 8y 6m |
View details of Neo Group's Founder profiles and Board Members
Neo Group's employee count trend
Neo Group has 337 employees as of Aug 25. Here is Neo Group's employee count trend over the years:
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Neo Group's Competitors and alternates
Top competitors of Neo Group include FIS, Fidelity Investments and S&P Global. Here is the list of Top 10 competitors of Neo Group, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | FIS 1968, Jacksonville (United States), Acquired | Provider of software suite for banks and financial institutions | - | 81/100 | |
2nd | Fidelity Investments 1946, Boston (United States), Series F | Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | $4.71B | 80/100 | |
3rd | S&P Global 1917, New York City (United States), Public | Provider of essential intelligence and market analysis for global finance | - | 79/100 | |
4th | Corporate consultancy and advisory service provider | $178M | 77/100 | ||
5th |  Goldman Sachs 1869, New York City (United States), Public | Provider of financial services including investment management and wealth management | - | 77/100 | |
6th |  Neo Asset Management 2021, Mumbai (India), Series B | Provider of alternative asset management solutions focusing on credit and fixed income | $45.7M | 72/100 | |
7th |  Canara Robeco 1987, Mumbai (India), Public | Diversified investment management firm | - | - | 69/100 |
8th |  Sundaram Finance 1954, Chennai (India), Public | Provider of financial services including loans, fixed deposits, and insurance | - | 68/100 | |
9th | State Street 1792, Boston (United States), Public | Provider of data solutions, research, cash management, and foreign exchange | - | 68/100 | |
10th | Provider of investment management services | - | 68/100 | ||
11th | Provider of wealth and asset management | $209M | 67/100 |
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Neo Group's Latest cap tables and shareholding
Funds own 13.20%, Parent Entities own 30.77%, Enterprises (largest shareholder) own 44.00% and Other People own 7.73%.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Fund | 13.20% | 12Cr | 1224405 | 3506825 | 4592991 | 7554249 |
Parent Entity | 30.77% | 28Cr | 8406139 | 2387554 | 7752644 | 4290132 |
Enterprise | 44.00% | 40Cr | 3070292 | 6087819 | 9265718 | 1930062 |
Other People | 7.73% | 7.03Cr | 5271067 | 8689865 | 6617618 | 1308337 |
ESOP Pool | 4.30% | 3.91Cr | 1589 | 4675 | 7563 | 2866 |
Total | 100.00% | 90.9Cr | 1125804 | 5093879 | 5073721 | 9163067 |
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DisclaimerView more details of Neo Group's Shareholding
Neo Group's Investments and acquisitions
Neo Group has not made any acquisitions yet. Neo Group has made 6 investments.Here is the list of latest three $investments:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Nov 27, 2025 | Investments | 2017 | Mumbai (India) | |
May 19, 2025 | Investments | 2016 | Gurugram (India) | |
May 14, 2025 | Investments | 1999 | Mumbai (India) |
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Reports related to Neo Group
Here is the latest report on Neo Group's sector:
News related to Neo Group
Filter this listMedia has covered Neo Group for a total of 3 events in the last 1 year.
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Neo Group Enters Unicorn Club With Rs 500 Cr Investment From TVS CapitalBW Disrupt•Mar 21, 2026•Neo Group, TVS Capital Funds, NeoGroup
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Auxilo Secures INR 225 Cr in Debt Funding from Neo Group and othersEnablers•Nov 27, 2025•Neo Group, Dezerv, Auxilo, Nuvama Wealth and 3 others
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India’s HealthKart valued at $500M in new investmentTechCrunch+•Nov 18, 2024•HealthKart, ChrysCapital, Motilal Oswal, A91 Partners and 7 others
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VCs fire up wealthtech investments as stock market surge ignites HNI boomIndiatimes•Aug 19, 2024•Neo Group, MUFG
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Neo Group raises $47.6 million led by MUFG Bank, Euclidean CapitalBusiness Standard•Aug 12, 2024•Neo Group, MUFG, Peak XV Partners, Neo Asset Management and 3 others
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Neo Wealth Management Raises $35 Million in Funding from Peak XV.Startup Story•Oct 18, 2023•Neo Wealth Management, Peak XV Partners, NeoWealth, Neo Group and 4 others
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