Sumit Ojha, Chairman & Founder at Shashi And Son's Capital Services LLP
Great Companies: How did you get your idea or concept for the business?
Sumit Ojha: I am from Collection and Recovery backgrounds, I created this whole idea from that base. When I chased the market, I analyzed that all Banks, NBFC's, ARC's Required Recovery Company, Enforcement Company, Collection Company whether it is Small or Large.
And also, I observed that in coming future Banks and all FI's will provide everything on loan and this is the time to click the market and also in continuation none of the Companies Provides both Secured/Un-Secured Loans Recovery/Collection services. Currently, All the companies dealing with separate Loan Categories.
Very next, Banks, ARC's, NBFC's wants speedy recovery and all, there are so many DRA's utilising this power we are empowering Banking and FI's
Therefore, we designed the whole ecosystem of SSCSLLP(NPA, Bed Debt Management Company) Through which we route the whole Banks and FI'S and provide both Secured/ Un-Secured services through our platform. So we empower all segments of Banks and FI'S with the entire ecosystem of Shashi and Son's Capital Services LLP
Great Companies: What are the various services provided by Shashi And Son's Capital Services LLP
Sumit Ojha: OUR CAPABILITIES & SERVICES OFFERED
At the time of execution of powers under the SARFAESI Act, we provide all types of professional Services at different stages:-
a) Preparing the Demand Notice i.e., u/s 13(2), and serving it.
b) Re Serving of Demand Notice which returns undelivered.
c) Preparing and Serving notice of intimation to take possession.
d) Taking possession, inventory and preservation and protection, safe guarding of secured assets.
e) Acting as custodian of assets.
f) Publishing notices in newspapers as per requirement within the mandatory period.
g) Valuation of such secured assets.
h) Obtaining orders from the Chief Metropolitan Magistrate / District Magistrate for peaceful vacant possession of secured asset and / or eviction orders.
i) Sale of secured assets taken in possession by public auction and / or private treaty as a measure of last resort.
OUR CAPABILITIES & SERVICES OFFERED
Collection & Recovery At the time of execution of powers, we provide all types of professional We always take a thoughtful, friendly and courteous approach in our business. Our aim to recover the debt from the debtors at the same time we also ensure better business relationships protecting the interests of our clients. Therefore, our focus is not being a debt recovery firm, but our objective is to become your collection partner by providing you with stress free way of collecting your outstanding account receivables allowing the clients to focus on their core business activities. Consumer Debt Recovery / Collection Services offered by us.
A)Receivable Management Services
B) DRA Qualified and trained Calling and Field Staff
We also know that requirements are unique to different companies and we are very happy to discuss the same.
We always take careful and measured approached that gets results swiftly and more cost-effective manner. We lay special attention to case study, evaluation and assessment, establishing communication with them and then planning a recovery with a case-based strategy.
We are not tied down to a specific method of collection.
We believe that process is core part in our business and hence we have set highest standards in our process.
Snapshot of our standard process are as follow
Scrutiny of Debt Collection Portfolio Plan of Actions and Strategy Performance review and Reporting
Final Status Report
Great Companies: What makes Shashi And Son's Capital Services LLP from hundreds of other similar service providers?
We here carrying our concept of both Secured and Un-Secured Loans Recovery which is a great platform for the bank and FI's for dealing with us. We created single platform for Recovering all Secured and Un-Secured Loan dues.
Great Companies: What were the struggles and challenges you faced and how did you overcome them?
Sumit Ojha: At Initial level we faced a struggle i.e Funding/Projects, Management but as gradually we started connecting Banks and FI's and presenting our concept, we started generating liquids and becoming profitable. We also faced financial and non-financial losses but now we are here.
Great Companies: How do you plan to grow in the future? What does 5 years down the line look like for Shashi And Son's Capital Services LLP?
Sumit Ojha: We have Companies branches into 2 States whereby these branches are headed by Branch Heads who all come from a very strong and decent background and are truly dedicated to the growth of the company. And also we planning to provide all our services across India.
Great Companies: If you had one piece of advice to someone just starting out, what would it be?
जो भी हो जब आपको सोचना ही है तो बड़ा सोचिये।और आखिरी सांस तक उसका पीछा करो। ~SUMIT~ As long as you’re going to be thinking anyway, think big. And chase it till your last breath.