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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.
More News
India loses 4pc of GDP to malnutrition: ASSOCHAM-EY

India loses 4pc of GDP to malnutrition: ASSOCHAM-EY

21 Jan 2018 | 1:47 PM

New Delhi, Jan 21 (UNI) As Finance Minister Arun Jaitley is busy giving final touches to the Union Budget for 2018-19, an ASSOCHAM-EY joint paper has said that nearly four per cent of India’s GDP is estimated to have been lost due to malnutrition and certainly women and children deserve a better deal in expenditure outlay, since the country hosts 50 per cent of under-nourished children of the world and women and girl children fall last in the household food serving.

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‘Halwa Ceremony’ of Budget which makes 120 FinMin officials captive for 11 days

‘Halwa Ceremony’ of Budget which makes 120 FinMin officials captive for 11 days

21 Jan 2018 | 1:43 PM

New Delhi, Jan 21 (UNI) The 'Halwa Ceremony' is the event which indicates the start of the printing of the Budget documents to be presented in Parliament every year.

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Leeza Lifestyle launches 2 premium brands

20 Jan 2018 | 8:58 PM

New Delhi, Jan 20 (UNI) Pursuing the concept of “Make in India” policy of Prime Minister Narendra Modi and the NDA government at the Centre, Leeza Lifestyle Private Limited Company (LLPL), licensee organisation of KKCL - India’s largest branded apparel manufacturer- has launched their premium collection in India.

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IndiGo commences Colombo operations

20 Jan 2018 | 7:51 PM

New Delhi, Jan 20 (UNI) In its endeavour to strengthen its growing network, IndiGo, India’s largest and fastest growing carrier on Saturday commenced its operations in Colombo, Sri Lanka.

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ONGC acquires 51.11pc of Govt stake in HPCL

ONGC acquires 51.11pc of Govt stake in HPCL

20 Jan 2018 | 7:11 PM

New Delhi, Jan 20 (UNI) Oil and Natural Gas Corporation Ltd (ONGC), the largest producer of crude oil and natural gas in India, has acquired the President's shareholding of 51 point 11 per cent in Hindustan Petroleum Corporation Limited (HPCL) in furtherance of the budget announcement by the Government of India for creating an ‘oil major’ which will be able to match the performance of international and domestic private sector oil and gas companies.

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