Reported by: banking|Updated: June 23, 2016
New Delhi based startup, Debt Nirvana said its Account Receivables portfolio has grown to $500 million per annum. Debt Nirvana provides credit reports, accounts receivables process outsourcing and debt collection services. It has several Fortune 500 companies as clients. Commenting on the growth, Ravi Malhotra, founder, Debt Nirvana, said in today’s uncertain global economic environment, timely collection of debts is one of the important criteria to manage cash flow requirements. Debt Nirvana has satisfied customers worldwide using its services not only for everyday credit decision making but also to improve cash flow situation, he added. Debt Nirvana was created with an aim to provide specialized services in the credit reports and debt recovery domains with measurable outcomes. It provides user-friendly interface for corporates to place their credit reports and debt recovery requests. The company has been able to collect 75% of the bad and delinquent debts through analytics based debt collection approach thereby adding to their Fortune 500 bottom line. It has a global presence.