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Debt Nirvana announces account receivables Portfolio of USD 500 M

Bengaluru, Jun 24 (UNI) Debt Nirvana today announced that its
Account Receivables portfolio has grown to USD 500 M per annum.
The startup which was incorporated in 2013 provides Credit
Reports, Accounts Receivables process, outsourcing and Debt
Collection services and its clients included a string of Fortune
500 Corporates, including a World’s Largest Software Company and a
leading Mobile Advertising Company amongst others.
Commenting on the growth Debt Nirvana founder, Ravi Malhotra, a
former Google Executive, said, ''in today’s uncertain Global
Economic environment, timely collection of Debt is one of the
important criteria to manage Corporates cash flow requirements. We
have satisfied customers worldwide using our services not only for
everyday credit decision making but also to improve Cash flow
situation. We are excited to see that we continue to grow in the
industry and we look forward to expanding our business.''
While dealing from a real time problem faced by Corporates, Debt
Nirvana provided specialised services in the Credit Reports and
Debt Recovery domains with measurable outcomes. With a thorough
understanding of the industry across different regions, Debt Nirvana
provided user-friendly interface for corporates to place their
Credit Reports and Debt Recovery requests.
Till date, Debt Nirvana has been able to collect 75 per cent of
the bad and delinquent debt through analytics based debt collection
approach thereby, adding to their Fortune 500 bottom line. Through
its global presence, the company has been able to provide quality
credit reports for its clients to make informed credit decisions.
The startup foresees scaling up its operations and customer base
across different countries in less than three years.
UNI CNR CS 1206
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