a

Blog

Share Samadhan launches ‘Bad Debts & Debtor Retrieval Services’

Share Samadhan launches ‘Bad Debts & Debtor Retrieval Services’

05, Sep 2019

Agent 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. The Investors or their legal heirs are forced to run from pillar to post for their rightful money and are often denied their rights. Share Samadhan is a platform for aggrieved clients and their relatives.

Delhi based Share Samadhan has launched ‘Bad Debts & Debtor Retrieval Services ‘for banks, resolution professional 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 investments for clients across all the asset class.

“We have a team of experienced professionals like Company Secretaries, MBAs, Charted 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 of far 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 Debtor, 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 heir 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 Investment/Forgotten Investments/Scattered Investments or Unclaimed Investments lying with private/listed companies, the government in the form of old shares, Mutual Funds, 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.

0 Read More
SME Maxx joins hands with Share Samadhan to Improve MSME Cash flow

SME Maxx joins hands with Share Samadhan to Improve MSME Cash flow

05, Sep 2019

SME MAXX and Share Samadhan on Wednesday announced a strategic alliance between two companies to cater to the unmet need of professional dues and investment recovery services for MSMEs.
The delayed realization of their bills and receivables is a common problem among MSMEs, leading to financial hardships and liquidity constraints- a key reason for many of them turning into non-performing assets (NPAs), affecting their sustainability.

While the government has taken an active interest to mitigate this problem by setting up the MSME Samadhan portal, most MSMEs have not been able to utilize the facilities due to lack of awareness or procedural expertise. The alliance will address this problem by providing procedural, administrative and legal support to MSMEs to recover their dues.

Lack of proper record keeping and succession planning among MSMEs has created a massive problem of unclaimed investments. The value of physical papers / unclaimed investment in the country is more than Rs 5 Lakhs crore. The Alliance will offer MSME owners and their successors a one-point registration channel on SME Maxx to identify and recover unclaimed assets.

“Through this initiative, we aim to achieve the twin objective of improving MSME cash flow and unclaimed asset recovery said Vikash Jain co-founder of Share Samadhan. “This alliance will strengthen our reach to a wider set of MSMEs in  smaller cities and towns who have little or no access to such facilities.”

Dr. Anand Bidarkar, CEO of SME Maxx said that “The combination of our fintech platform and Share Samadhan’s Proven expertise through this alliance will bring a much needed financial service to our SME partners.”
Besides the obvious commercial benefits, MSMEs utilizing the services of the Alliance will also be able to free up their bandwidth and resources on more productive pursuits. This will be a small but important step towards meeting the government’s goal of increasing SME contribution to the country’s GDP.

0 Read More
Insurance Claim Missing Money IEPF Claim Lost Share

Find Your Missing Money!

  • Don’t Know the Missing / Lost or forgotten Investment ?
  • Please give your brief information
  • We will search for you/your family’s Investment
  • We will not charge any fee for basic search (FREE for Limited period )​

Choose Investment to be searched