About Us
25 professionals from financial service sector, over 2 decades of experience, researched together for 9 years under one roof of a large systemic NBFI, recovering more than 1,200 CR, through an absolute newer way, from hard-debt segment, have created: SPURVY. Objective is to optimize this methodology across entire fraternity and organically cater with assured results in the current deepening crisis of banking system:
“Asset quality deterioration”
- this move is towards larger public interest
- especially when bad-debts marching faster than GDP
- ensuring recast rather recovery
- replacing FOS with SOS on robotic sequence – for healthier & wealthier resolution
WHY CHOOSE US
The “Troy-Trick”
- Doing things differently
- Using the unused
- Lowering input cost by 5times and increasing output by 5 times
- Level playing field of 10 times
Each action commences with targeted date of completion – where TAT is auto tracked by server of over 25,000+ resources laid at Multi-layered Tertiary network – spread across 1,31,278 pin-codes of India (about 85% of entire geography) with a signature assurance of almost 70% of hard-debt recast
All methodologies are non-coercive as per The RBI laid down mandates
Market prevalence
Collection-as-a-service (C-a-a-S) is, widely prevalent across all phases of debt, but margins are razor thin & equally effort. C-a-a-S provider’s count is reversely proportional to the age of debt.
Count lowers as debt bucket moves up harder. Instead of attacking the cause of default, drive remains on partial roll-back, which eventually pushes the quantum of debt further harder. After a period, connect gets cut and remains untouched.
Thought then comes – why good money for bad money