Ravi MalhotraFounder & Director of Debt Nirvana Published On: Friday, October 09, 2015 Views 5067


"If you don't build your dream, someone will hire you to build theirs."

An Ex-google employee who has spent more than 15 years working with some of leading Multinationals companies, Ravi surely has an impeccable past. He has a knack for deciphering all the vital information from large stacks of data. This is why he is often touted as a person who will not rest until he finds optimal solution for the given problem.  He is professional and straightforward in his interactions, which makes working with him a pleasure.

After completing his CA in Accounting and finance, he went on to study indirect taxes and export promotion policies. This is where his lucrative career started to take shape. He understands the impact of the client internal situation on the targets and brings that intelligence to the team he is working for so the management can come up with the timely win-win strategy. His latest venture Debt Nirvana is driven by the same strategy and focuses on generating wealth for its clients. Within a span of few years, it has created a niche for itself with clients including fortune 500 companies.

Please provide a brief overview of your product/ service.

Account Receivables Management and Financial Processes Outsourcing company run by Ex-Googlers.

What inspired you to build the above product/ service?

In this recessionary environment, companies are facing extremely tough situations where working capital is stuck in Account Receivables which they are not above to recover in reasonable time. This is forcing the business to expensive external funding which is putting more pressure on Financials of the company.

With that in mind, we thought that by entering the Account Receivables management area, we can provide professional services with targeted outcome in terms of Collection Targets, Reduction of Days of Sales outstanding and timely working capital needs being met by internal funding rather than external funding.

What is your life mantra?

If you don’t build your dream, someone will hire you to help you build theirs.

What was the most challenging part of your journey till now?

Most challenging part was to leave Google and take decision to start something on your own.

Having said that finding an ideal team member with right attitude has been the biggest challenge so far in this entrepreneurial journey so far

How did you overcome those challenges?

This has been a continuous challenge for us. Building employee’s Friendly culture is key to it.

Having said that we are empowering our employees to take decision themselves and take ownership for their decisions

Share some details about the investments that you have been able to fetch for the business till now.

We are not looking for investments till now as we think, by keeping the company internally financed, decision making and risk taking can be much quicker and is not dependent upon investors.

One point which i would like to mention here is that without external fundings, we are currently managing AR portfolio of $400 Mn for Fortune 500 clients.

How do you protect yourself from the problem of Brain Drain?

As i mentioned previously, building employee culture is key to it. Once we provide an environment where employees can take their decisions and are accountable for the same. This provide a sense of ownership to employees.

According to you, what are the three qualities an individual must have to achieve success?

Attitude to me is the key to success. Skills are something which can be learn while in the job.

Share any one habit which you think makes you more productive.

Bring Punctual is one of the traits that can be differentiator between success and failure.

What are your plans for next 3 years?

“We want to make Debt Nirvana the most upcoming AR Management and Debt Collection in India and APAC markets by working with Fortune 500 clients.”

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