5/17/2023 0 Comments Synergy manufacturing![]() I just spoke with one of your techs on the phone regarding my broken rear track bar. Here are some photo's of he broken bar and the new one. I have since replaced the Track bar with a Teraflex model and will never put another Synergy Manufacturing part on my vehicle. Instead of explaining the situation any more I'll let you all read the email chain as I believe you all should have the opportunity to review the situation as it occurred in writing. Customer Service Representative Kurt Johnson informed me that despite A.J.'s promise that they would not offer me a replacement, unless I bought a new one of course. Shortly after I received another email this time from their customer service department. Well, a day passed and I had not heard a reply, so I called and left them a message to check in. He then told me to send him an email with pictures of the damage and my information, so I did and was expecting to arrange shipping details later that day. All he requested was that I send the old bar back to them. He was surprised to hear this incident had occurred and offered to replace the part on Synergy's dime, even after I told him that I was not calling for a replacement because I was aware of their policy. who was engaging, kind, and extremely helpful. Knowing this I decided to call their engineering department to simply make them aware of this issue. Anyway, I read on Synergy's website that they do not warranty parts that other owners had installed nor do they warranty the finish of their products. The previous owner of this Jeep did the lift and therefore I do not know how old it is, but it has definitely been on since I bought it in June of 2015. Normally I would have replaced it myself but since I am away at college and it is finals week I decided to have a local shop do the work.Īfter doing some research I noticed that Synergy Manufacturing produced the track bar that broke. I parked the jeep and had it towed to a local shop to be fixed. The track bar broke where the axle side end went into the main bar at the adjuster sleeve. As I was turning into a parking lot going about 5 MPH my rear track bar broke in half. “We are expecting to have their detailed report by June 2023 and will chalk out our growth plan and shape the future course of action thereafter,” Mantri said.Last Saturday I had a rather unusual mishap with the Jeep. The NBFC has recently appointed one of the Big 4 audit firms to conduct a detailed study on existing lines of business and emerging lines of lending opportunities. Currently, 100% of the NBFC’s loan book is secured against tangible assets. We are targeting to have at least 50% balance sheet into lending by FY25.”Īnand Rathi Global Finance’s lending book is expected to grow to Rs 4,200-4,500 crore in FY24, from Rs 2,800 crore as of January 2022, Mantri said. “Our balance sheet size is about Rs 10,000 crore, out of this 28-30% is in the lending business and the remaining amount is into treasury (G-Secs/bonds/MFs). “If we are talking about two NBFCs coming together with similar expertise, is it going to serve any purpose? I think it will serve a very limited purpose and have little synergy, but will face similar challenges like raising of resources, higher cost of funds and higher return expectations,” the CEO said.Īt Anand Rathi Global Finance, Mantri said, co-lending activities will only happen after the NBFC achieves the target of bringing 50% of its balance sheet size under lending business. These synergies are lagging in co-lending pacts between two NBFCs, he said. Mantri said NBFCs have a cost-advantage while partnering with banks for co-lending, while banks can take advantage of the last-mile reach of NBFCs in niche categories. India’s domestic air passenger traffic grew to 1.20 cr in Feb 2023: DGCA
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