Avg. Debt Reduction
The founding team of FREED has over 50 years of combined experience in the US Debt Relief Industry with over $2 billion in consumer debt enrolled and serviced. FREED founder and CEO, Ritesh Srivastava was always looking for a way to leverage this rich experience to help the debt-burdened consumers in India regain their financial freedom and become debt free.
A serial entrepreneur, Ritesh was busy scaling his luxury e-commerce venture when Covid hit the Indian shores and life and the economy as we knew, changed forever!
The impact of Covid quickly started to show the cracks in the economy with job losses, business closures, and a sense of despondency and gloom that had engulfed all of us. The early signs of the economic stress started to show in the form of loan defaults that were at an all-time high, the RBI took cognizance and announced loan moratoriums and restructuring as a temporary relief for borrowers. With the growth in retail credit that is largely aided by the growing aspirational consumption and the de-stigmatization of debt among the millennials and gen Z, debt-relief and credit counselling service was the need of the hour!
It was in May 2020, that Ritesh decided to call the old band, the team that helped him build one of the largest debt settlement companies in the US. It did not need much convincing and the old band was reunited, and FREED came into being in August 2020. It took hundreds of hours of endless conversations, painstaking arguments and discussions with friends, family members, debt-ridden consumers, bankers, lawyers, financial consultants, and consumer advocates, which led to FREED — India’s first comprehensive debt relief platform.
We asked ourselves “How can we help more people”. We knew the pain, understood the pain points and were ready to solve this big problem. Since our launch in August 2020, we have counselled over 2,00,000+ customers and enrolled over 1000 Cr+ in debt on our platform. Along the way, we have constantly strived to make the entire debt-relief journey as seamless and painless as possible for our customers. We are on a mission to create the most trusted debt relief platform for customers in a debt trap. Staying true to this mission, we are proud to have a team that embodies passion, empathy, and service.
Vision & Mission
To be the most trusted and result-driven Debt Relief Company.
FREED was founded with a mission to help debt-burdened consumers resolve their debt and regain their financial freedom.
Customers who joined the Get FREED movement are getting closer to their Debt FREE Futures.
I got my first debt settled within 4 months of enrolling with FREED. I recommend FREED for its great support and structured approach to get you out of debt.
They helped me in every way. Whenever recovery agents called, they would talk to them and encourage us. Anu Ma’am and Jyoti Ma’am would assure us and say, “Nobody can do anything to you. We and our whole team are with you.
Support from FREED is very good. On business days you can call and get your doubt clarification very well. They always response in positive way. The service is very good I was having problem with my credit card and FREED helped me to resolve that very well.
Team at FREED has been very professional in their approach, their CHPP program helped me great deal to manage my creditors. I saved significantly on my debt as well.
The best part of FREED program is that you will be assigned a Relationship Manager, she personally handled my creditors when I was under tremendous pressure. Its a 5 star experience for me
I was harassed by the creditors, they did not understand my concern. FREED team handled my calls many times. I found FREED when I was in need. Now I am debt free, thank you FREED!
Kumar ramesh Polu
I have checked with other companies for resolving my debt but other companies were charging more, and even doing fake advertisements. Compared to all other debt settlement companies in India, I found Freed was the best as they did what they promised.
I was surfing on Facebook in May, I saw FREED’s ad about helping customers to get out of the debt trap. I was already in a debt trap. In lockdown, I used my cards and was not able to pay due to salary cut and I started receiving calls from creditors for payment. I didn’t know to handle the situation. After I enrolled in Freed program my account manager Mr Ajay took care of harassing creditors’ call, supported me for settlement and helped me become debt-free. After 7 months, I am almost free from debt and I am thankful to Freed. Friends if anyone getting harassment calls kindly enroll in this program. One thing I like that they have all account managers for different languages. I am from Tamil Nadu so Mr. Ajay spoke to me in Tamil. I would specially like to thank Ajay and the team for the support.
Dharshan Kumar S
I really appreciate Freed’s team and I basically want to mention few names- Mr. Parth and Mr. Vikash. I want to thank Freed because during lockdown I lost my job, then I came to know about freed and they supported me a lot.
Tremendous Approach. They will clear each and every steps. 5 stars, best customer service. I really appreciate all the efforts from FREED . From customer service department, he put on solving my issue. I was pleasantly surprised. Great work! The FREED team represents among the highest levels of customer service I have experienced. Information was accurate, responses to queries were turned around very fast. Answers were clear and where necessary detailed enough for us to make informed decisions quickly. Thank You very much for the valuable support.
IT Senior Associate
Chief Executive Officer & Founder
Ritesh has been a serial entrepreneur for 20 years. Through his ventures in the Debt Relief space in the US, he has serviced and settled debts of over $2 billion. His last venture was Elitify which he exited from post founding FREED.
B.Tech. NIT Bhopal
Chief Technology Officer and Co-Founder
Alok has 20+ years of experience in the IT industry in building large-scale enterprise applications for eBay, Citigroup, Guardian Life Insurance, CSC and Compuware.
B.Tech. NIT Bhopal & M.Tech - IIT Madras
Chief Operations Officer
Kapil has built and scaled complex processes and teams in Global Business Processes.
Alumnus, Shimla University IIM - Kozhikode
Chief Strategy Officer
Rajiv has more than a decade of experience with startups, consulting, and financial services. He has also worked with McKinsey and Citigroup.
MBA, Narsee Monjee IMS, Mumbai
Chief Growth Officer
Jay has been in the debt settlement space for 15 years and built robust processing & analytics capabilities in a global environment.
MBA, CMRD, Pune University, IIM Kozhikode
Head Legal & Compliance
Karishma is a practicing lawyer with more than 15 years of experience in various Legal fields. She has practiced at the various Courts of Delhi and has also worked with eminent Law Firms and Corporate Houses.
LLB, Campus Law Centre, DU
Head – Process Excellence & Compliance
Ritu believes in "There is always one more thing to learn." With nearly 20 years of experience in Learning & Development across multiple sectors, including Hospitality, Aviation, Education, and Finance.
CXO Program XLRI Jamshedpur, Post graduate in Human Rights
Nilesh, brings over 17 years of diverse HR experience across ITES, Telecom, Retail, and Travel sectors.
MBA, IMT Ghaziabad
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