Auction Portal
With the creation of state-of-the-art designed and 'curated' by in-house technology team, Auction Platform, Augeo is placed at the top of chart in technology implementation. AI backed technologies to point out the cartelization, anomalies and price rigging are implemented to take the best out of auction platform. The platform is unique in the sense “there is no human involvement” during and after the auction. All the information is encrypted, till ACR(Auction Completion Report) is created.
For each client, there is a separate stack, identified by a unique subdomain and a dashboard. All the control/authority of the auction and past auctions rests only with the client. The ability of multi-authorities to use it con-currently makes it unique. Following are the types of transactions which are currently happening on the portal:
Forward Auction
Private Treaty
Property E-Auction
We at Augeo, have a vision, everything has a value provided the assets are positioned to the right people. With over 12 years of expertise backing the disposal, Augeo is leader in asset monetizing. In-house experts in the field of real estate, scrap, machinery, industries and commodities make Augeo an expert in the field of SARFAESI Auction.
Property Disposal
Augeo is working with almost all the financial institutions in facilitating the disposals and recovery of their NPA assets. Furthermore, it has assisted various corporates in disposal of land banks via private treaty sales. It has also assisted SEBI in designing the auction and recovery of confiscated properties and land banks
Scrap, Commodities & Obsolete Inventory
On the ground presence and in-house experts of scrap and commodities positions Augeo as leader in optimum recovery of the assets. With presence at 135+ locations, Augeo team works as the extended arm of the client for seamless disposals.
IBC Auction
Augeo is governed by the vision of IBC and prioritize the concept of restructuring by selling companies as a “going concern”. The underlying principle behind restructuring or reorganization proceeding is that a business may be worth a lot more preserved or even sold, as a going concern than if the parts are sold piecemeal. For instance, in the US Congress, it has been stated that: “The purpose of a business reorganization case, unlike a liquidation case, is to restructure a business's finances so that it may continue to operate, provide its employees with jobs, pay its creditors and provide a return for its stockholders.”
Some of the advantages of selling the business as a going concern are:
Preservation of Intangible Assets
Smooth transition of undertaking
Collective value of assets
Retaining workers and employees
Time-bound process
Over the years of functioning, Augeo has created a pool of highly talented transaction advisors. With deep-rooted connections with various ARCs, IRPs, and Financial Institutions, Augeo has the pulse of the global industry and exhibits its skills in match-making assets to investors
