The firm
Kenstone Capital — a receivables firm built around one idea: the money is recoverable for longer than most businesses believe, if someone runs the whole curve.
Bengaluru-headquartered. Working across India, for businesses at home and suppliers abroad.
The curve
The mark on our logo is the S-curve of business: a start, a rise, a plateau. It is also the shape of a receivable. An invoice is issued with near-certainty of payment; certainty falls as it ages; and it recovers only when someone acts — a process that works, a collector who owns it, or a consequence the debtor believes.
Most of the industry works one part of that curve. Software reminds at the start. Agencies collect in the middle. Lawyers arrive at the end, with no file. Kenstone Capital was built to run all three stages on one record, so that escalation is a step and not a fresh start, and a debtor who has met our process knows that the next step is real.
How we work
- Explain, then actEvery recommendation states the route, the cost and the realistic outcome before anything is done.
- Consequence as processDebtors are counterparties. What happens next is stated calmly and documented — and then it happens.
- Proof over claimsWe do not publish figures we cannot evidence. Cases come from engagement records with the client's consent.
- Nothing depends on memoryThree in-house platforms — for the DSO programme, for collection, for legal matters — keep every promise, action and hearing on record.
Purpose
Businesses should never have to write off money they have rightfully earned.
We turn stuck receivables — a financial challenge — into working capital and opportunity, through integrity, clarity and action. Clarity is how we understand a receivable; action is what we do about it; integrity is what keeps both honest.
We speak with the authority of knowledge, the courage of integrity, and the clarity of action. That is the standard for every page on this site, every notice we send, and every conversation a practitioner has in your name.
Leadership
The people who run the firm, each with a full profile. Swapnil Shetty and Nikhil Shetty have been the company’s directors since its incorporation in 2019; Shraddha Rathod heads B2B Collections.
Shraddha Rathod
Head of B2B Collections
Heads B2B Collections at Kenstone Capital. Five years across law, taxation and collections; B.Com, LL.B, and a Postgraduate Diploma in Cyber Law and Forensics from NLSIU, Bengaluru.
Swapnil Shetty
Director of Operations
Director of Operations at Kenstone Capital and a director of the company since its incorporation in 2019. Runs the operational side of the firm’s B2B debt recovery work.
Nikhil Shetty
Director – Growth
Leads the growth function at Kenstone Capital and has been a director of the company since its incorporation in 2019. Background in sales, business development and client relationship management.
Vision and mission
Our vision
An Indian market in which a business writing off money it has rightfully earned is the rare exception rather than the quiet norm — because recovery is treated as a discipline with a method, not as a last resort handed to whoever is free.
Our mission
To manage, recover and enforce business receivables across the whole of their life — from the invoice that has just aged to the claim that needs a tribunal — with every debtor validated before anyone spends a day on it, every action on record, and nothing filed without our client's written approval.
The Kenstone story
Kenstone Capital was incorporated in 2019 with a simple belief: when cashflow moves, opportunities move.
Where it began
When cashflow moves, businesses grow. Banks recover capital. Entrepreneurs gain access to finance. Individuals regain financial opportunities. Assets return to productive ownership.
So from the beginning the focus was larger than any one financial service. We set out to build capabilities that could find where capital was blocked — and create structured, execution-driven ways to unlock it.
On the record
- 6 June 2019
Kenstone Capital Debt Consulting Private Limited is incorporated as a private limited company with the Registrar of Companies, Bangalore (CIN U67200KA2019PTC124970), with Karunakarashetty Nikhilraj Shetty and Swapnil Karunakar Shetty as its first directors.
- 13 June 2019
Registered under GST in Karnataka (GSTIN 29AAHCK6652J1Z0) — a date stated here because it is on the certificate.
- Today
A Bengaluru practice working across India for corporates, institutions and international suppliers owed money by Indian buyers, alongside two specialised group brands.
One idea, four ways capital gets stuck
Over the years Kenstone built specialised capabilities around one objective: unlocking capital that is delayed, distressed, inaccessible or trapped. Each answers a different place where money stops moving.
Kenstone Capital · this site
Recovering business receivables
Unlocking cashflow already earned.
In medium and large enterprises, working capital gets locked in overdue B2B receivables. Kenstone Capital built a full-stack B2B debt collection service to turn them back into usable cash — from data and debtor validation to structured recovery, field work and legal escalation where it is needed.
Kenstone Capital · for banks and financial institutions
Unlocking capital in stressed secured assets
Recovering value where secured lending has turned stressed.
When a secured loan becomes a non-performing asset, the capital behind it stays locked. Kenstone Capital supports banks and financial institutions with enforcement of security interest under the SARFAESI Act — enforcement coordination, possession-related processes and asset readiness, run as a structured, compliant framework. Kenstone Capital is empanelled with more than 30 banks and financial institutions, each through the lender's own empanelment and due-diligence process under the Reserve Bank of India's guidelines.
Kenstone Credit · a group brand
Restoring access to finance
Unlocking future cashflow through financial eligibility.
Capital also stays out of reach when an individual or an MSME cannot qualify for institutional finance. That work — correcting credit profiles, building credit readiness and connecting it to suitable lending — grew into its own brand with its own team.
Kenstone Auctiondunia · a group brand
Turning assets back into capital
Completing the final mile from recovery to realisation.
Enforcement does not finish the recovery; the asset still needs the right buyer. Auctiondunia markets bank-auction and repossessed assets — buyer discovery, digital marketing, lead qualification and transaction support — so an asset becomes buyer interest, a transaction, and liquidity.
People driven. System enabled. Outcome focused.
Technology alone does not recover money. Processes alone do not resolve a complicated financial situation. And people without systems cannot work consistently at scale. Every Kenstone business runs on the same five parts.
Trained people
Practitioners with specialised domain knowledge and the skill to execute on it.
Focused teams
Teams aligned to one clearly defined financial outcome, not a list of activities.
Structured processes
Repeatable operating frameworks, so a result does not depend on who happens to be on the account.
Internally developed systems
Technology built around the realities of collections, credit, enforcement and asset sales.
Data and intelligence
Continuous learning from every interaction, outcome and past case.
People drive the outcome. Systems amplify their ability to deliver it.
One purpose. Specialised brands.
As each capability grew its own expertise, customers and processes, Kenstone gave it a focused business of its own rather than keeping everything under one umbrella brand.
Kenstone Capital
Unlocking business and institutional cashflow
Full-stack B2B debt collection — receivables management, recovery and legal enforcement across India, and recovery in India for international suppliers — plus enforcement of security interest under the SARFAESI Act for banks and financial institutions, with empanelment by more than 30 of them. This site.
Kenstone Credit
Unlocking access to finance
Works with individuals and MSMEs on credit profiles, credit readiness and access to formal lending. Led by Harish Krishnamurthy (co-founder) with Varsha Hegde (training). A separate entity with its own team and website — kenstonecredit.com. The two do not share client data.
Kenstone Auctiondunia
Unlocking value from assets
Marketing and sale of bank-auction and repossessed assets: buyer discovery and asset sales support — auctiondunia.com.
The connecting thread
Different customers, different situations, different ways of working — and one purpose.
- For a corporation, it can mean recovering a receivable that has been unpaid for months.
- For an MSME, becoming eligible for working capital.
- For an individual, regaining access to institutional finance.
- For a bank, recovering capital locked inside a stressed asset.
- For an auction buyer, finding an asset that becomes a new investment.
Kenstone exists at the moments where capital is stuck and opportunity is waiting. The services have changed since 2019, the systems are stronger and the teams more specialised. The philosophy has not: find where capital is stuck, build the capability to unlock it, and turn unlocked cashflow into opportunity.
Unlock Cashflow, Unlock Opportunities.
Legal entity and registrations
Stated from the company's own registration documents. Nothing here is a claim we cannot show a certificate for.
- Legal name
- Kenstone Capital Debt Consulting Private Limited
- Constitution
- Private limited company, registered in Karnataka, India
- GSTIN
- 29AAHCK6652J1Z0 — regular registration under the Central Goods and Services Tax Act, 2017, valid from 13 June 2019
- Principal place of business
- Lakshmi Nilaya, 2nd Cross, Ranganatha Extension, Gopala, Shivamogga, Karnataka 577205
- Bengaluru office
- Sabari Complex, Field Marshal Cariappa Road, Shanthala Nagar, Ashok Nagar, Bengaluru, Karnataka 560025
- Directors
- Karunakarashetty Nikhilraj Shetty · Swapnil Karunakar Shetty
- Corporate identity number
- U67200KA2019PTC124970 — incorporated 6 June 2019, Registrar of Companies, Bangalore
Bengaluru
Kenstone Capital Debt Consulting Private LimitedSabari Complex, Field Marshal Cariappa Road
Shanthala Nagar, Ashok Nagar
Bengaluru, Karnataka 560025
+91 80 6824 8827 · info@kenstonecapital.in
Where we work
Practitioners travel for field work and matters are heard where the debtor is. Served from Bengaluru, working across:
Discuss your receivables
Tell us where you are on the curve. A practitioner — not a sales desk — reads every enquiry and replies within one working day.