Recordent Pvt Ltd, a leading provider of credit and collections management software in India, has entered into a Memorandum of Understanding (MoU) with the International Federation of Electric Vehicle Association (iFEVA), a prominent non-profit organization dedicated to fostering the growth of the electric vehicle (EV) sector in India. This collaboration signifies Recordent’s commitment to offering its advanced credit, collections, and recovery solutions to member businesses of iFEVA, marking a significant advancement in the EV industry’s development.
The partnership aims to establish a robust ecosystem of creditworthy sellers and buyers within the EV sector, enabling businesses to focus on their overall growth trajectory. Recordent’s dedication to supporting and enhancing the EV industry in India aligns with its mission to drive innovation and progress in the financial technology landscape.
Recently, the Recordent team, in collaboration with iFEVA, organized a panel discussion in New Delhi focusing on the anticipated challenges and opportunities for small and medium-sized enterprises (SMEs) in the EV sector over the next 2-3 years. Esteemed industry leaders from DNA Technology, EY-Parthenon, Sampoorna EV, Zaviks Energy, and LUB participated in the discussion, providing valuable insights into overcoming financial challenges within the sector. The event also featured a presentation by Mr. Winny Patro on “Championing Growth with Calculated Risk and Improved Collections.”
Mr. Winny Patro, CEO and Co-Founder of Recordent, expressed enthusiasm about the collaboration, emphasizing the company’s commitment to revolutionizing credit management for EV businesses in India. Dr. S.K. Saroj, Chairman of iFEVA, echoed Mr. Patro’s sentiments, highlighting the significance of the partnership in simplifying financial processes, enhancing efficiency, and empowering businesses within the association.
Following the signing of the MoU, strategic leadership appointments were announced, with Mr. Winny Patro appointed as President, Payment Recovery, and Mr. Anurag Jain as Vice President, Payment Recovery. These appointments aim to strengthen the focus on Collections, Recovery, and Credit Risk Management, further advancing credit management initiatives within the iFEVA network.
