Debt Nirvana, a company into credit reports, receivables management and debt collection announced its expansion into Singapore by opening an office in the South-East Asian country. The new offshore facility will host the company’s strategic management, business development and customer support teams while offering substantial growth opportunities. Ravi Malhotra, Founder of the company, said Singapore is a global business hub, with many MNCs and more than 154,000 SMEs choosing the country to set up their base. He said there are several Fortune 500 clients of company, which have regional headquarters in Singapore and these companies have evinced keen interest in in the company’s services for South East Asia and Asia-Pacific markets, apart from India. The company, founded in 2013, has been managing credit reports and accounts receivables in excess of $500 million on an annual basis for its clients in a wide spectrum of industries including banking, entertainment, manufacturing and logistics.