Delhi based Share Samadhan has launched 'Bad Debts & Debtor Retrieval Services' for banks, resolution professionals as well as official liquidator apart from its investment retrieval business.
The new service is part of the 'Mission Money Back' initiative of the company which was launched in the year 2011 to assist investors in getting the money back. Share Samadhan, backed by a battery of legal experts and reputed chartered accountants makes rigorous and sustained follow up of lost investments in shares, debentures, insurance, real estate, bank deposits etc. The company, so far, claims to have recovered more than Rs 100 crores worth of lost investment for clients across all the asset class.
"We have a team of experienced professionals like Company Secretaries, MBAs, Chartered Accountants, Lawyers, who have expertise in various laws, companies act, drafting complaints and follow up at suitable standards. We conduct in-depth research to recover the money of investors or for their legal heirs blocked in PF, Mutual Funds, Shares, Bank Deposits and Insurance etc. We have served customers at National and International level," said Mr. Abhay Chandalia, Founder Director of Share Samadhan describing his model to ensure recovery of investors' money from various financial instruments like PF, Shares, Insurance, and Debtors etc.
Mr. Vikash Jain, Co-Founder of Share Samadhan said "It's very easy to invest in shares, insurance, banks and properties but it's quite difficult to get back your money in need. The agents of investment companies lure clients to sell their various deposit schemes but when investors or their heirs approach them to recover the money, they are not welcomed,". He further added, "The investors or their legal heirs are forced to run from pillar to post for their rightful money and are often denied their rights. We, at Share Samadhan, help the aggrieved investors to get their money back." He further informed that even a clue about any investment could lead to the recovery of entire legal money as our team is expert in data mining from various financial institutions, government organizations and autonomous bodies.
The company has recently opened its second office in New Delhi. Share Samadhan assists aggrieved investors to recover their Lost Investments/ Forgotten Investments/ Scattered Investments or Unclaimed Investments lying with private / listed companies, the government in the form of old shares, Mutual Fund, Unclaimed Insurance, Provident Fund, Bank Deposits, Postal Savings, the money blocked in debts. The company would be assisting the borrower of banks / NBFC by helping the borrower to recover money from their debtors / EMD/ Security deposit/execution of awards/decrees. This would ultimately help Bank / NBFC to reduce their growing NPA.
(With inputs from Share Samadhan)