Recordent Pvt Ltd, India's leading credit and collections management software platform, signs MoU with the International Federation of Electric Vehicle Association (iFEVA), India's premier non-profit organization dedicated to fostering the growth and development of the electric vehicle (EV) sector. Through this strategicalliance, Recordent is committed to extending its cutting-edge credit, collections, and recovery solutions to iFEVA member businesses, marking a pivotal moment in the evolution
of the electric vehicle industry.
The collaboration aims to establish an ecosystem of creditworthy sellers and buyers within
the EV sector, empowering businesses to focus on their overall growth trajectory. This
partnership underscores Recordent's unwavering dedication to supporting and enhancing
the electric vehicle industry in India, aligning with its mission to drive innovation and
progress in the financial technology landscape.
The Recordent team, in collaboration with iFEVA, recently convened a panel discussion at
New Delhi on the, "Anticipated challenges and opportunities for SMEs the EV sector in the
upcoming 2-3 years". The event featured a thought-provoking panel discussion from
esteemed panelists including industry leaders from DNA Technology, EY-Parthenon,
Sampoorna EV, Zaviks Energy, and LUB.The session delved into critical aspects of the
financial challenges confronting businesses within the sector, offering invaluable insights
on overcoming these obstacles seamlessly. The panel session was followed by an insightful
presentation on "Championing Growth with Calculated Risk and Improved Collections" by
Mr. Winny Patro.
Speaking on the sign up, Mr. Winny Patro, CEO and Co-Founder, Recordent said, "We are
thrilled to collaborate with the International Federation of Electric Vehicle Association in
our shared mission to revolutionize credit management for EV businesses in the country.
This partnership underscores our commitment to providing innovative solutions to
streamline cash flow challenges faced by businesses, ultimately contributing to their
financial success."
Dr. S.K. Saroj, Chairman of iFEVA, echoed Mr. Patro's sentiments, remarking, "Our
collaboration with Recordent marks a significant milestone in our journey to support
member companies. By leveraging their expertise in credit and collections management,
we aim to simplify financial processes, enhance efficiency and empower businesses within
the association. Together, we aspire to create a more resilient financial ecosystem for our
member businesses."
Following the MoU, strategic leadership appointments were made, Mr. Winny Patro as
President, Payment Recovery, and Mr. Anurag Jain as Vice President, Payment Recovery.
These appointments aim to bolster involvement in Collections, Recovery, and Credit Risk
Management, advancing credit management within the iFEVA network.
