Vijay Mulbagal, Group Executive – Wholesale Banking Coverage, Corporate Pay, Sustainability and CSR, Axis Bank
Commenting on the launch, Vijay Mulbagal, Group Executive – Wholesale Banking Coverage, Corporate Salary, Sustainability & CSR, Axis Bank said, “Axis has supported 65 percent of India’s unicorns and growth-stage companies as they scale and go public. With a presence across all major innovation hubs, the New Economy Group currently serves over 45 percent of funded startups (Series A and above).”
NEG goes beyond traditional banking by providing deep solutions through API integrations with many startups and forging strategic partnerships that combine the agility of startups with the power and trust of the Axis brand.
NEG currently manages an asset book of over ₹3,100 crore and a liability book of around ₹33,500 crore (as of March 2025) of New Economy Group start-ups. Its customer base includes fintech, e-commerce, SaaS, agritech, defense, health tech and EV/sustainability – sectors driving the next wave of economic growth.”
Published on November 18, 2025
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