"We offer a global platform for banks and FIs to seek better valuations for its NPAs by opening up a worldwide buyer space for them," NPAsource.Com Chairman and Managing Director Devendra Jain said in a statement.
He added that expanding operations into Dubai was a strategic decision to enhance the role of NPAsource.Com services to a global market.
The company already has office in the US. Dubai will be the company's springboard to grow into the Middle Eastern markets. NPAsource is also planning to open an office in Singapore.
The portal has a subscriber base of 20,000, which includes banks, FIS and investors.
The company promoted by Atishya Group based in Ahmedabad has targeted to resolve NPAs and NPLs (non-performing loans) worth USD 1 billion in the next year.
"Post-economic downturn, NPAs have surged across various global markets including Europe and the Middle East and we are confident that our services will be a much sought after proposition in these markets," Jain said.
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