We started operations in a modest way by setting up an Investigating Agency in the year 1997-98. After establishing contacts with the local Banking circle, we branched into NPA Recovery Agency work of Leading Nationalized Banks. The activities came of age with the establishment of spectrum of ancillary services like Stressed Asset Resolution, Auctioning of Properties and providing related Security Services.
JVD Group was first formulated in the year 2002-03 as a partnership firm to undertake assignments from Banks mainly from Public sector Banks to affect recovery in stressed credits, through disposal of fixed assets like land, building, machinery etc. It was also the time when new legislation (SARFAESI Act 2002) to lend teeth to Lenders had been introduced.
JVD group was one of the pioneers as a service provider under SARFAESI Act. With the manifold increase in the activities of the JVD Group, the partnership firm was converted into a Private Limited company viz. JVD Auctioning Agency Pvt. Ltd. (JVDAAPL) in the year 2006. Later on the Private Limited Company JVDAAPL was converted into a Public Limited Company under the name JVD Recovery Agency Limited (JVDRAL)
JVDRAL is one of the leading ISO 9001-2008 Certified Enforcement/ Recovery Agency.
JVDRAL is a Group of professionals from various fields having vast and varied experience in their respective fields. As on date, JVDRAL’s core activity is recovery of dues in NPA accounts of Banks & Financial Institutions through enforcement of the provisions of SARFAESI Act and DRT Act. In discharging the services / functions it is assisted by a battery of Legal and Banking professionals
The company JVDRAL, in its present role has all India Network representing more than 40 Banks & Financial Institutions all over the country and having offices at Ahmedabad (Head Office), Amritsar, Bangalore, Baroda, Chandigarh, Delhi, Hyderabad, Jaipur, Jodhpur, Jamnagar, Kolkata, Ludhiana, Mumbai, Nagpur, Pune, Ratnagiri, Rajkot, Surat and representative offices at all other major Centers.