Debt Collection Agency for Sale in Ranchi, India

- Offer debt collection and recovery services for banks. Also provide transportation logistics for corporates. Over 60% of the revenue comes from the logistics related vertical with 40% coming from debt collection and recovery.

- Business is operational during the pandemic, however, run rate sales have dropped by 40%.

- Provide transportation logistics for 4 companies which include Mahindra Logistics, Flipkart and Myntra. Have a team of 50+ employees under this vertical who are compensated on a commission basis depending on the duty.

- Business owns 2 - 3 vans and has an agreement with 50+ vendors pan India who provide their vehicles on a rental basis. The rental costs of the vehicles vary from INR 30,000 to INR 40,000 monthly Price rate charged to the clients vary.

- Have tied up with over 16 banks and lending institutions like Hinduja Leyland Finance, TVS Credit Services, Bajaj Finserv, IDBI Bank, Bank of India, State Bank of India, Union Bank of India etc.

- Have 186 recovery agents all over Jharkhand and Bihar. Agents are compensated on a commission basis. 80% of the commission amount received from the bank is kept by the recovery agent with 20% returning to the business. Percentage commission received from the bank depends on the loan.

- Recovery rates vary depending on the bank with Bajaj Finserv having the highest recovery rate at 98% and IDBI Bank having a lower recovery rate of 65%.

- Debt collection and recovery.

- Transportation logistics.

Rented a 3,000 square feet office. Paying a monthly rent of INR 27,000. Have already paid a deposit of INR 60,000. Duration of the agreement is 11 years.