GMAC Portfolio

Mr. Arun Bagadia and Kogta Financial India Limited has purchased the remaining portfolio of auto loans from GMAC Financial Services India Limited.

The transaction represents retail auto loan assets of Rs.45 crore ($10mn) spread across 14 states in India.

We will now assume all responsibilities for the loans under the portfolio from March 31, 2010 including servicing, collection, NOC issuance, etc.

GMAC Financial Services India Limited had been present in India since 1997 with headquarters in Chennai. GMAC Financial Services India Limited had earlier sold its major portfolio of auto loan assets to Barclays Investments & Loans (India) Ltd. and has now sold its remaining portfolio to Mr. Arun Bagadia and Kogta Financial India Limited.

Best Capital servicing GMAC portfolio related customers and other interested parties may please contact us at info@bestcapital.in or leave your requirements/comments at our website on Contact us section.