Debt Collection Agency Seeking Loan in Kolkata, India

- The company specializes in providing distressed asset management resolution services for banks, non-banking financial companies (NBFCs), and microfinance institutions (MFI).
- Its primary services include debt collection and money recovery.
- We serve notable clients such as SMFG (Fullerton), Mercedes-Benz, Bajaj, MoneyGuard, and Epay Later.
- The company has two upcoming projects in the pipeline with Ola and Tata Capital, demonstrating its potential for further growth and expansion.
- Its revenue model is based on an average of 15% of the amount recovered for its clients.
- The business is newly established, having been founded towards the end of last year which is the reason it has no reported sales and is currently seeking funding to support its operations and growth plans.
- The owner brings valuable experience to the business, with 23 years of expertise in the banking and financial sectors, including roles at prominent institutions such as IIFL, Bandhan Bank, Kotak Mahindra Bank, ICICI Bank, and HDFC Bank.
- 10 of our employees are the managers of different teams, and these teams have a total of 10 ground staff under them. The ground staff are crucial for taking care of the operations and their heads are responsible for strategizing and guiding them.
- We are confident that we can pay the interest amount of 10% on the loan since we expect to make a total of INR 2 crore by the end of the current financial year. This is because the average monthly revenue is anticipated to increase as we will have more funds to finance operating costs and hence take up more clients and increase our EBITDA.