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Our Business

Renovo Assets is conceived to provide a comprehensive ‘Asset Management’ solution over a broad spectrum of key industries. Taking cognizance of the ever increasing bad debt (“NPA”) management faced by a majority of businesses in various fields, Renovo Assets intends to provide a one stop solution in this area.

A prudent policy on NPA management always help maintain adequacy of valuable liquidity and business expansion opportunities. Managing these NPA internally, especially in high volume based businesses, may not be cost effective. Renovo Assets effective and efficient NPA management techniques / processes help in arresting the growing NPAs thereby accentuating the growth parameters.

The prime focus of Banks and Financial Institution (“FI”) has always been on efficient and optimum utilization of resources for financial development and growth of national economy. Any spurt in NPAs tends to breach the focus thereby putting obstacles in economic growth. This is the stage where experts like Renovo Assets can step in and by dint of their cost effective professional services, support the Banks and FIs in stemming the NPA rot, turning the so freed liquidity into earning assets and enabling the Banks / FIs to maintain / continue their focus on the economic growth. Please have a look at the services we offer, below. And let's talk!

  • Meaning of RENOVO: To recreate, recover, revive, repair, renew, restore, renovate, refresh, vivify

  • Vision: Renovo Assets aspires to be a leading debt management entity in India. We strive, on an ongoing basis, to explore and innovate while maintaining the highest standards of work ethics and deliverables.

  • Mission: We work to help release liquidity blocked in stressed assets, contributing to national economy.

Enforcement Agency

  • Drafting of 13(2) Demand notice under SARFAESI Act.
  • Direct Service of Demand notice.
  • Affixture of Demand notice.
  • Publication of Demand notice.
  • Identification & due diligence of Secured Assets.
  • Carrying out Pre-Possession Inspection & preparing viability report.
  • Symbolic Possession / Arranging to obtain District Magistrate / Chief Metropolitan Magistrate orders for physical possession.
  • Arranging Police Protection for taking Possession.
  • Assistance for taking Possession.
  • Preparation of 13(4) Possession Notice / coordination with Receiver / Tehsildars / Police.
  • Drawing panchnama & preparing detailed inventory while taking possession.
  • Publication of Possession Notice.
  • Providing Security Guards for Possessed Assets.
  • Valuation of Assets.
  • Drafting, service & affixture of 30 days sale notice.
  • Transliteration(if required) and Publication of Auction Notices.
  • Arranging inspection of Assets to prospective purchasers.
  • Conducting Physical Auction/ E-auction of properties / other Assets.

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Custodial Services For Seized Assets

  • Maintenance of Assets.
  • Providing Security.
  • Collection of Rentals.
  • Management of Assets.
  • Periodical status reports of seized assets.
  • Providing necessary security personnel for seized / unseized properties / assets.
  • Arranging Insurance for Assets.

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Advisory Services

  • Purchase of Stressed Asset.
  • Resolution strategies of Stressed Assets.
  • Management of Stressed Asset.
  • Valuation.
  • Marketing / Mobilising bidders for Stressed Assets.
  • Assignment of Debt.
  • Mobilising bidders for unsold assets.
  • Sale through Private Treaty.

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Other Ancillary Services

  • Due diligence services for pre-sanction & post-sanction of credit.
  • Legal Services.
  • Recovery Agency for Stressed Assets.
  • Portfolio management of impaired assets.
  • Call Centre Services.
  • Conducting Recovery Camps.
  • Follow up for NPA Recovery in suit filed / non-suit filed accounts.
  • Execution of Decree / Award.
  • Translation Services.
  • Publication of Notices in leading News Papers.
  • Publication of Tender Notices.
  • Other publicity, so as to create a market for property.

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Clients

We have the privilege of working with some of the most well known companies in the banking world and we don’t take this lightly. We view our clients as partners and work collaboratively with them to achieve results they can measure. We work both diligently and intelligently to ensure that the needs of our clients come first. And we’re not afraid to push the envelope or encourage restraint. We are only as good as the reputation of our clients, and we willingly put our own reputation on the line to ensure that they get as much out of the relationship as we do. List of our estimed clients:

Regulatory Framework

The 1990s witnessed several financial and economic crises in India, crippling the economy. Crises in the financial sector culminate into non-performing assets (NPA), a high level of NPAs in the financial system can severely affect the economy. NPAs when left unattended cause continued economic and financial degradation in the country, this results in a credit crunch and generally signals adverse investment climate.

There was no provision in any Indian law in respect of enforcement of mortgage and hypothecation, though mortgage and hypothecation are mostly the major security interests created in favor of the banks and financial Institutions in India. It was in this backdrop that the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Ordinance, 2002 was passed on June 21, 2002 which was enacted by the parliament in December 2002 and became the Securitisation Act, 2002.

Team Renovo

Renovo Assets is a confluence of some of the best business minds, who bring with them a wealth of expertise and experience in the fields of banking, finance, management, law and accountancy. Renovo Assets is an equal-opportunity organization that believes in encouraging, engaging and nurturing talent. Every resource is made available to our teams in pursuit of their goals.

If you're interested in career opportunities with Renovo Assets, please send us a cover letter and resume outlining your job skills, employment history and educational background at careers@renovoassets.com

100%
Ex-Bankers
90%
Lawyers
70%
Chartered Accountants
60%
Ex-Government Officials

Our management team consists of recognized leaders in the third-party collection industry. Their unique, relational approach to NPA management techniques / processes has earned them a reputation of exceptional performance and trusted customer service. This leadership continues to be modeled throughout our team, everyone employed with Team Renovo Assets completes ongoing exceptional training. We are all committed to doing our jobs with our utmost efforts, abiding by all of the laws, rules, and regulations which govern our industry. Team Renovo Assets has developed a platform which leads to greater customer satisfaction. Brief biographies introduce of our Core Team:

  • Mr. Pushpinder Singh

    Mr. Pushpinder Singh

    Founder, Managing Director & CEO:
    Pushpinder has deep and diverse experience in areas essential to Renovo’s ongoing success, including operations, corporate strategy, risk management and regulatory affairs.

    Prior to establishing Renovo Assets he has held significant positions for over 12 years within the Banking industry across areas of collections operations including portfolio management, profitability, performance management and client service delivery spanning across Commercial Business Banking & Retail Banking.
  • Mr. Rajneet Singh

    Mr. Sanju Kumar

    Senior Strategic Advisor:
    Sanju Kumar is a Lawyer and Insolvency Professional. He has worked as in-house counsel in State Bank Group, ICICI Bank and YES Bank.
    Before starting as in-house counsel, he has practiced law primarily in Civil, Banking and Commercial Litigation, Dispute Resolution, Negotiation and structuring of Contract and other legal Documentation. He has extensively handled cases before various fora including the Supreme Court of India, Delhi High Court, Jharkhand High Court, Debt Recovery Tribunal, Debt Recovery Appellate Tribunal, Company Law Board and National Consumer Disputes Redressal Commission, Board of Industrial & Financial Reconstruction (BIFR) and the Appellate Authority for Industrial & Financial Reconstruction (AAIFR), NCLT, NCLAT etc.
  • Mr. Rajneet Singh

    Mr. Rajneet Singh

    Co-Founder, Director - Strategic Operations:
    Rajneet Singh has wide experience of over two decades in marketing, sales, product as well as business profit & loss management in the commercial market spread across various geographies in North India.
    Having specific training in Debt Resolution and Debt Management Rajneet brings a wealth of experience to Renovo Assets.
  • Business Devlopment Manager

    Mr. Surinder Jain

    Senior Strategic Advisor:
    Chartered Accountant (ICAI), Cost Accountant, Certified Public Accountant (CPA) - American Institute of Certified Public Accountants (AICPA-USA)
    Over the past 15 years, Surinder has assisted transnational organizations and leading Indian enterprises across sectors such as E-commerce, Manufacturing, Solar Power, Telecom, FMCG, Software and IT enabled services etc. on regulatory, financial and business advisory related matters. He leveraged his expertise in financial due diligence, GAAP conversion, IPO restatements, financial statement preparations and solving complex accounting technical issues covering IFRS, US GAAP, IND-AS and Indian GAAP. Matters such as business combinations, ESOP, consolidation, revenue recognition are his interest areas.
    Prior to being associated with Renovo Assets in this key advisory role he has served in several strategic leadership and advisory positions in prestigious corporate advisory firms like EY India and KPMG. He is a faculty with ICAI on IFRS and regularly invited as faculty by Large Corporates, Professional bodies, Universities and social organizations.
  • Field Operations Manager

    Mr. Neeraj Yadav

    Legal Advisor:
    Neeraj’s primary areas of practice include Civil, Banking and Commercial Litigation, Dispute Resolution, Negotiation and Drafting of Contract Documentation and Company Law.
    He has extensively appeared before various fora including the Supreme Court of India, Delhi High Court, High Court for the States of Punjab & Haryana, Debt Recovery Tribunal, Debt Recovery Appellate Tribunal, Company Law Board and National Consumer Disputes Redressal Commission, Board of Industrial & Financial Reconstruction (BIFR) and the Appellate Authority for Industrial & Financial Reconstruction (AAIFR).
    He specializes in conducting and handling Arbitration matters, including procurement of orders for Interim Reliefs, under the Arbitration and Conciliation Act, 1996. He has also appeared for a major Private Bank in relation to financing issue of a team in Indian Premier League.
  • Mr. K. S. Sampath

    Mr. K. S. Sampath

    Senior Strategic Advisor:
    Former Under Secretary with Union Public Service Commission, Government of India.
    Mr. Sampath brings with him vast experience of over 35 years in Planning, Administration, Policy making and Policy implementation.
    He has guided numerous startup companies as strategic advisor, mentor from initial planning to business development.

Contact Us

Renovo Assets is a full-service Stressed Assets Resolution Agency. Renovo Assets and its clients have enjoyed very high recovery rates and excellent consumer relations. Through a consultative approach, we ensure that various services for our clients are performed efficiently with integrity, flexibility and compassion for everyone involved. We partner with each of our credit granting clients to create a recovery strategy to meet their goals.

To seek information on our business and services, please raise your query at query@renovoassets.com. Please give us your valuable feedback for improving our services at feedback@renovoassets.com

If you are interested in Bank auctioned properties, please visit 'Properties on Auction' section below.



Kindly submit your query with contact details below.

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Registered Office:

  • Renovo Assets Private Limited
           C - 666, 6th Floor, Dharam Vihar, Sector - 10, Plot - 2,

           Dwarka, New Delhi - 110075, India

Corporate Office:

  • Renovo Assets Private Limited
           1003, 10th Floor, Vishwadeep Tower, District Center,

           Janakpuri, New Delhi - 110058, India

  • +91 95401 56789
  • +91 11 46032319

Properties On Auction

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