Competitive Advantage

The OMEGA Advantage :-

  • A key objective of OMEGA is to assist in developing an active market for distressed and restructured assets in India for which OMEGA leads in the servicing industry. OMEGA's strategic model and services offer flexibility to clients monitoring progress at various stages in workout cycle of distressed debt in India across the asset classes – from initial debt acquisition/aggregation to post resolution stage.

  • Investment in distressed assets has potential to provide high yield to investors and has commanded a lot of interest from domestic and foreign institutional investors worldwide as an alternate investment class.

  • With a partnership with Omega, any ARC would stand out in the industry and have servicing and recovery capabilities for Retail Assets portfolio PAN India. Currently ARCs retain the servicing with the selling Bank and are in need of an Special Servicer to take overall responsibility since there is likelyhood of restrictions from RBI to retain the servicing of a boughtout portfolio with the selling Bank.

  • The ARC would gain from the experience, skill sets and existing relat ionships of OMEGA wi th originating banks and NBFCs to identify suitable investment opportunities. OMEGA also has an advantage since has already worked on same/similar portfolios of such selling Banks and hence has good understanding of the recovery potential; potential and credit profiling resulting into higher ROR and ROI.

  • Tangible gains with OMEGA's in-house due diligence, financial modeling, portfolio analysis, evaluation and price discovery leading to reduction in costs of choosing between multiple investment options.

  • Optimal functional capability to deliver world class MIS, results exceeding expectations.

  • ARCs gain with Omega since it can use technology platform for collection systems developed at Omega saving on development costs and domain knowledge. The collection system provides for SOA, payment posting, receipt reconciliation, feedback updation and database management critical in dealing with volumes involved in retail portfolio.

  • As a special servicer, OMEGA is also responsible for the overall servicing of loans in a transaction including subservicer oversight, portfolio and trust repor t ing , cash management , regulatory and legal compliance, review and portfolio monitoring.

  • Risk Management Committee draws memb e r s f rom t h e ARC a n d Operations/ Management of Omega. Policy documents are drawn in advance, approved by the ARC and any further deviations are with specific approval in consultation with the ARC. Omega also has a robust code of conduct that is in line with the country's stringent Statutory and Regulatory policies. OMEGA also has a clear whistle blower policy.

  • OMEGA also has a dedicated Obligor Redressal platform that is in line with international standards.

  • Omega has been approached by ARCs to service portfolios that they are likely to invest. Omega is in active relation with a large ARC, who has offered to engage us as a Special Servicer, on an exclusive basis, including option of coinvestment.