Neeraj Bansal (CredRight): 10 Key Things You Must Know

Overview

Neeraj Bansal is a prominent Indian entrepreneur best known as the co-founder and CEO of CredRight, a fintech company specializing in collateral-free lending to micro, small, and medium enterprises (MSMEs). Founded in 2016, CredRight has established itself as a significant player in digital lending for underserved business segments, especially in tier-II to tier-IV cities in India. Bansal’s leadership has steered the company through successive funding rounds, innovative credit underwriting models, and rapid growth, making his career a compelling example of fintech innovation aimed at financial inclusion. This article explores key aspects of Neeraj Bansal's journey, CredRight's business, and his impact on finance and technology.

1. Early Career and Education

Neeraj Bansal’s academic foundation includes a Bachelor of Engineering in Computer Science from Bhilai Institute of Technology, Durg, completed in 2003, followed by an MBA from the Indian Institute of Management (IIM) Lucknow. Before founding CredRight, Bansal gained significant industry experience at companies such as Tech Mahindra and Syntel, where he cultivated skills in business development, management, and consultative selling. This blend of technical knowledge and business acumen has been pivotal in shaping his entrepreneurial journey and leadership style.

2. Founding of CredRight

In 2016, Neeraj Bansal co-founded CredRight alongside Vineet Jawa and Vamsi Krishna, aiming to bridge a critical gap in credit access for nano and micro enterprises in India. Recognizing that traditional banks and NBFCs (Non-Banking Financial Companies) often overlook these small enterprises due to lack of collateral or formal credit history, CredRight was launched as a data-driven lending platform to serve this underserved segment. Bansal’s vision centered on leveraging technology and alternative data—such as chit fund repayment histories—to offer unsecured loans with transparency and efficiency.

3. CredRight’s Innovative Lending Model

CredRight operates on a hybrid "phygital" model—combining digital technologies with a network of around 125 low-cost branches across four Indian states. This allows the company to reach remote and semi-urban areas effectively. The platform uses advanced machine learning algorithms to analyze alternate data sources, including chit fund data, business cash flows, and socio-demographic information, enabling accurate credit assessments even for customers lacking traditional credit histories. This approach has lent credence to CredRight’s credit underwriting capability and has contributed significantly to its low Non-Performing Asset (NPA) rates.

4. Funding Milestones and Growth

Under Neeraj Bansal’s leadership, CredRight has successfully raised over $26 million across multiple funding rounds, with notable investments from the Michael & Susan Dell Foundation, Abler Nordic, YourNest Venture Capital, Accion Venture Lab, and others. In 2025, the company secured $10 million in Series B funding led by Abler Nordic, marking it as a trusted player in the inclusive finance sector. CredRight’s assets under management have grown 10 times over the past three years, targeting an AUM of Rs 2,000 crore. These financial injections have been earmarked for technology upgrades, loan book expansion, and market penetration into tier II to tier IV towns.

5. Impact on MSMEs and Financial Inclusion

CredRight, under Bansal’s stewardship, has focused on empowering more than 20,000 micro-enterprises, particularly those excluded from formal banking systems. Indian MSMEs face an estimated credit gap of roughly $530 billion, a challenge that CredRight addresses by providing fast, collateral-free loans with accessible terms. This financial inclusion enables these enterprises to grow, increase income, and enhance financial security, contributing to broader economic growth in underserved areas.

6. CredRight Finance Private Limited

CredRight Finance Private Limited is one of the legal entities under which CredRight operates. Incorporated in 2019 and registered in Hyderabad, Telangana, this entity focuses on delivering unsecured loans to chit fund subscribers and other nano enterprises. It maintains a registered office in Madhapur, Hyderabad. The company offers loans ranging mostly between Rs 50,000 to Rs 1 lakh, repayable over shorter tenures, facilitating small-business credit needs effectively.

7. CredRight Finance Job Vacancy and Work Culture

CredRight Finance often recruits ambitious professionals for roles in sales, operations, credit analysis, and branch management across various cities, including Hyderabad, Madurai, and other tier II-IV locations. Employee reviews reflect a positive work environment characterized by strong management support, growth opportunities, and flexible working hours. Ratings on review platforms consistently show favorable comments about company culture and salary competitiveness, though some employees note scope for improvement in job security and incentives.

8. CredRight Finance Madurai Address and Contact Number

CredRight has branch presence in Madurai, Tamil Nadu, with offices located at strategic localities such as Annanagar and Thirunagar. For customer support and grievance redressal, CredRight provides multiple communication channels, including a customer service helpline (+91 73864 78785), email (contact@credright.com), and physical branch visits. The registered office for CredRight Finance Private Limited is located on the 8th floor, Krishe Sapphire Building, HiTech City, Hyderabad.

9. Neeraj Bansal at KPMG and Distinct Persona

It is important to distinguish Neeraj Bansal, the entrepreneur and fintech CEO, from another widely recognized Neeraj Bansal who holds a senior leadership role in KPMG India with extensive expertise in real estate and supply chain sectors. The KPMG Neeraj Bansal is known for his advisory acumen spanning over 25 years, contributing significantly to the growth of the building and construction sector in India. This differentiation is crucial as both individuals are prominent in their respective domains and share the same name.

10. Vision and Future Prospects

Neeraj Bansal’s vision for CredRight revolves around revolutionizing the way small enterprises access formal financial services, emphasizing simplicity, transparency, and inclusiveness. Future prospects include scaling operations to serve over 10 million nano enterprises across India and leveraging technology to further reduce credit risk and operational costs. With continuous funding support, strategic partnerships, and innovation in underwriting, CredRight aims to remain a key driver in India’s MSME lending landscape, helping fuel the nation’s goal towards a $10 trillion GDP.

Conclusion

Neeraj Bansal’s journey as co-founder and CEO of CredRight is a compelling testament to how technology and innovation can bridge critical gaps in financial inclusion. By focusing on underserved MSMEs and leveraging alternative data, Bansal has helped create a sustainable lending platform that fosters entrepreneurship and economic empowerment. His work signifies broader trends in fintech disrupting traditional banking, especially for nano and micro enterprises in India’s vast and varied economic landscape. As CredRight continues to grow and scale, the impact on millions of small businesses could redefine credit access for years to come.