Business Description:-Largest recovery and enforcement agency for government banks run only by women.
-Have the distinction of being the only women-based recovery agency in the world.
Recovered Rs. 500 crores last year for Govt. Banks.
Industry:Finance
Founded in:2005
Source of idea:Developed family or friend?s idea
Significant Competitors:ARCIL
Company Details :
Company Name:Vasuli Recoveries
HeadQuarters:Mumbai
Stage of the company:Several customers or locations
No of Employees (2006):51-100
No of Employees (2007):101-300
Office Locations(2006):6-15
Office Locations(2007):16-30
No of companies promoted:No
Profits (2006):1-5 crore
Profits (2007):1-5 crore
>Partnerships:Offered PE capital by World Largest Privately held company. Dealing in NPA.
Initial Funding:
Addl Funding:Personal savings
Institutitional Capital:Yes
Revneue Model:By assisting the Government Banks in recovering money by legal channels; selling distressed assets.
Awards & honors:Plenty of appreciation
Promoters Details :
Promoters Name(s):Manju Bhatia
Age:22
HomeTown:Mumbai
Education:Bachelors
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Jt. Managing Director at Vasuli Recoveries
Ex-Job Description:Execution
Favorite Book/Movie:Law-related books
