Transforming Debt Recovery for India’s Financial Institutions
An ISO 9001 & ISO 27001 certified collections fintech, ClearDu is a leading tech-driven and solution-oriented debt recovery company that is redefining debt recovery through a technology-first, compliance-driven approach. Headquartered in Ahmedabad, we are a trusted partner to leading financial institutions across India.
₹410+ Crore
Debt recovered for our clients
85% Resolution Rate
Industry-leading success metrics
20+ Financial Partners
Trusted by leading institutions
our story
At ClearDu, we recognize that effective debt recovery is crucial for the financial health of banks and financial institutions. Delays, inefficiencies, and inconsistent processes can hinder recovery efforts, impacting both operational performance and cash flow. This challenge inspired us to develop a solution that streamlines and modernizes debt collection, making it more efficient, transparent, and data-driven.
We recognized that traditional, manual debt recovery methods were becoming increasingly ineffective in today’s fast-paced financial landscape. With growing challenges in efficiency and scalability, it became clear that there was a significant opportunity for technology and innovative services to play a pivotal role in transforming the debt recovery process. This insight led us to create a solution that modernizes and streamlines recovery procedures, bringing much-needed efficiency, accuracy, and transparency to the industry.
Founded in March 2022, ClearDu is the brainchild of Mr Shailen Mehta, an ex-banker with over two decades of experience in credit and risk management. Alongside Shailen, Sonia Sharma and Prashant Sharma, two seasoned technopreneurs, joined forces to create a unique platform that blends financial expertise with technological innovation.
ClearDu’s foundation lies in its commitment to creating a seamless, efficient, and highly effective debt recovery system. The founding team has leveraged their deep industry knowledge and technical prowess to craft a platform designed to meet the modern challenges of debt collection while delivering impactful results.
Our mission is simple: to leverage the power of analytics and innovative technology to modernize and simplify debt collection. By providing intelligent, data-driven solutions, we aim to simplify the debt recovery process, ensuring smoother outcomes for financial institutions while maintaining fairness and transparency.
At ClearDu, we are committed to helping businesses recover debt efficiently, using smarter, more effective methods that foster positive results for all parties involved. Our technology-driven approach provides a seamless and scalable solution that allows businesses to focus on what matters most: their core operations.
Our Mission
At ClearDu, we’re committed to transforming India’s debt recovery landscape by combining cutting-edge technology with deep financial expertise. We empower financial institutions to maximize recoveries while maintaining compliance and enhancing borrower relationships.
Innovation-First Approach
We leverage cutting-edge AI and ML technologies to revolutionize debt recovery processes and maximize returns for our partners.
Regulatory Excellence
Our solutions maintain strict compliance with RBI, DRA and all applicable regulations, ensuring ethical and legal recovery practices.
Seamless Integration
Our platform integrates effortlessly with your existing systems through secure REST APIs, minimizing disruption to your operations.
Enterprise-Grade Solutions
Built specifically for the unique needs of banks and large NBFCs, with the scale and security that institutions demand.
Our Leadership
ClearDu is led by a team of industry veterans with deep expertise in banking, technology,
and debt recovery.
ClearDu Founders
Shailen Mehta
Founder & MD
A seasoned finance professional and successful entrepreneur with more than 24 years of experience in all the core functions viz. Sales, Credit, Operations, Collections and NPA resolution for secured as well as unsecured lending. His foray into finance started with GE Countrywide and continued with organizations such as Citi Bank, Tata Finance, DCB and HSBC.
Sonia Sharma
Founder & Director
Sonia is a technopreneur who has more than a decade experience of in consulting firms around the globe for their digital strategy and helping them achieve their software goals. She is a techno-functional expert and takes pride in launching complex software and tech suites. She is an IIM-A Alumni and was selected by IIM-B NSRCL Program.
Prashant Sharma
Founder & CTO
Prashant is a techie who is passionate about coding and DevOps. He is an engineer at heart and is the brain behind ClearDu Technology Framework. He is also founder of Tecxar, a digital transformation company and has more than a decade experience architecting software in US Healthcare, B2B, eCommerce, Core Banking and FinTech domain. He is an engineer from RTU and has credentials from IIM-A.
Core Leadership Team
Ajit Rath
Managing Partner
A Senior banker with an extensive career span of over 23 years in various leadership roles in institutions like in Deutsche Bank, Standard Chartered Bank, IDBI Bank, DCB Bank across all banking products predominantly in SME & Retail segment. He is an IIM-K Alumni and holds diverse skill sets in the area of International Business, Debt and Recovery Management, Credit and Risk Management, Global Collaboration, Business Process Enhancement, Business Acquisition, Strategic Partnership.
Bhavya Sheth
Head Operations – Recoveries
A seasoned Chartered Accountant with a wealth of experience exceeding 9 years, he has successfully navigated various finance-related roles, including litigation, Corporate Law, NPA resolutions, and Data Analysis. His Proficiency in strategic planning extends to leading impactful cross-functional projects that directly affect the company’s P&L. At ClearDu, he not only heads the company’s overall Recovery strategy and operations but also employs his strategic acumen to enhance and optimize recovery processes.
Satish Madanan
Head Operations – Field
With a career spanning more than two decades, he possesses a wealth of experience, primarily in the Finance and Banking Sector, with a strong focus on Microfinance. His versatile skill set spans across Collections, Recoveries, Audit, Credit, Product Management, and Operations. Throughout his 20-year journey, he has contributed his expertise to renowned multinational corporations such as Citi and Barclays, as well as esteemed banks like Fincare Small Finance Bank and Jana Small Finance Bank.