| | JUNE 20194Consultants ReviewEditor's NoteYour Saviour When You Are Drowning In DebtIndia's oldest private carrier, Jet Airways was forced to stop its operations on April 17 after it ran out of cash, thus becoming the third airline in the country to fail in less than a decade. Another business failure is that of Kingfisher Airline. Launched by Liquor baron ­ Vijay Mallya in 2005, Kingfisher owes banks, oil companies, aircraft lessors a whopping Rs 7,000 crore (Rs 70 billion). There are numerous other firms like Spicejet, Adani Enterprises, ADAG Group, DLF which are burdened with losses, mounting debt and are either shutdown or are on the verge of breathing their last. Running a business means putting money into production. While one might have little money at hand for the initial setup, chances are that there will be loans, credit cards and investors involved in the process. However, whether a firm is a bootstrapped venture or you have lenders to back you, starting business often means getting into debt. Most business owners run into financial problems within one year of starting their business, due to debt that creeps up on them such as salaries, taxes, EMIs or credit card debt. No matter the amount of hard work and effort that is being put into a business, its survival and growth are directly proportional to proper financial management.With lenders tightening the reins on borrowers and the prices for everything from materials to services on the rise, many business owners are struggling under the weight of growing debt. We believe when in debt, seek advice. Thus, taking note of this, in our current edition of Consultants Review, we have featured a list of `10 Most Promising Debt Management Consultants - 2019'. This carefully crafted list features some of the prominent names of the industry which are leaving no stone unturned when it comes to managing the debts and finances of their customers. On the cover page we have featured KD Financial Services ­ a Delhi headquartered firm which offers complete financial solutions across areas like Corporate Finance, Equities, Mutual Funds, Wealth Management and more. Hope the list helps you in your future endeavours and we achieve our mission.Your ideas are always welcome!Deepshikha SinghManaging Editor editor@consultantsreview.comVol 5 · Issue 3-1 · June 21 - 2019 Publisher & Editor Alok Chaturvedi Managing Editor Deepshikha SinghEditorial Team Aveek Pal Chaudhuri Disha Gogoi Ritika Srivastava Susma M Kerketta Group Art Director Ashok Kumar Visualisers Veena R Piddannavar Sivasankar GM-Sales & Marketing Rohit KumarT : +91-80-46441103Sales & Marketing Indranil Chakraborty Ashwini D Naikeditor@consultantsreview.com marketing@consultantsreview.comNo. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017To subscribe: Circulation Manager Magendran Perumal T : +91-80-46441103subscription@consultantsreview.com Cover price Rs 150 per issue.Printed and Published By Alok Chaturvedi on Behalf of Bizprint Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 And Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017. Copyright © 2019 Bizprint Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.
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