A New Delhi based startup, has launched Debtnirvana.com, it has been launched with a view to provide Online Credit Reports and Debt Collection services. It is an emerging Indian startup for managing your revenue and debt collection.
The company was founded by Ravi Malhotra; before setting off on an entrepreneurial journey, Ravi has held various Regional and Country leadership positions in Credit Risk Mitigations functions in companies like Google, Honeywell, Airtel and LG Electronics. Ravi Malhotra, Founder, RM Debt Nirvana Pvt. Ltd. “The vision behind Debt Nirvana is to provide professional Credit Reports and Debt Recovery services to manage Trade Receivables of Mid to Large Corporates in professionally managed environment.”
Debtnirvana.com was conceptualized from a real time problem that is faced by Corporates. On one hand, Corporate’s Financial statement are swamped with Trade Receivables which they are yet to recover from their customers and on the other hand, they are forced to take funding from external sources at exorbitant interest rates due to slow collections from their customers. In some of the cases, long outstanding Trade Receivables in provisioned for which directly hits the profitability of the Corporates.
And hence was born Debtnirvana.com wherein our aim is to provide specialized services in the Credit Reports and Debt Recovery domains with measurable outcomes for our esteemed clients.
In some of the cases, long outstanding Trade Receivables is provisioned for which directly hits the profitability of the Corporates.
Debt Nirvana is currently managing Account Receivables (AR) portfolio of $500Mn for Fortune 500 clients.
As of now the company is providing services with their specialization of managing Revenue operation and Account Receivable Management processes of Large Corporates across different regions. According to Ravi, the site has received good reviews since the launch. The site has been launched with a view to provide user-friendly interface for corporates to place their Credit Reports and Debt Recovery requests. Special sections like Case Studies and Publications have been created to help the Corporates view the real problems faced by Corporates and Sample reports created by them.
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