Shriram Automall Inks Tie-Up With Religare Finvest Limited

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New Delhi, August 17, 2016: Shriram Automall India Limited (SAMIL), India’s No.1 platform for exchange of pre-owned vehicles and equipment, has joined hands with Religare Finvest Limited. With this tie-up, the company marks a successful commencement of its association with the financial institution and extends the benefits of its holistic solutions for the disposal of all types of pre-owned immovable assets.

Sharing views over the tie-up, Mr. Sameer Malhotra (CEO, Shriram Automall India Limited) quoted; “Shriram Automall since its inception has created a unique path for industry to follow, getting associated with leading financial institutions within a span of just 5 years like Religare is a proof that we are indeed on the right path and will continue to create benchmark with our professional services when it comes to disposal of pre-owned assets”

“With this association we aim to reap maximum benefit through Shriram Automall’s expertise in immovable NPA asset space. Shriram Automall has over the years proved itself as market leaders and we are confident on better conversion in liquidation of our NPA Properties from our inventory through their effective disposal platforms” said Pankaj Sharma (Chief Risk Officer, Religare Finvest Limited)

The agreement was signed at the corporate office of Religare Finvest Limited, Gurgaon & it states that SAMIL will strategically dedicate its multiple bidding platforms, including Physical Bidding, Online Bidding and Private Treaty, towards the disposal of all types of immovable assets.

Religare Finvest Limited will gain utmost benefit as the service provider will certify the market value of every immovable asset and share inputs in the decision-making process.

Key Highlights

· Shriram Automall ties up with Religare Finvest Limited

· End-to-End Services for disposal of Repossessed Immovable Properties

· Disposal through all bidding platforms

· Transparent and hassle-free transactions

Corporate Comm India(CCI Newswire)