Z2P - Shujat Technologies Pvt Ltd — fake company providing 60% yearly return

Address:500032
Website:www.z2p.biz

Dear sir/madam,

As govt of india has taken intiative to help entrepreneurs to grow and support our economy, some of the fraud and fake business has also grown in the name of startup.
There are lots of company's operating as nbfc and peer to peer lending few are genuine and most are fake without proper documents and license for operation.
Shujat technology pvt ltd (Z2p) is one of the organization claiming to give 5% monthly (60% yearly) guarantee return to their investors in the peer to peer lending business.
Z2p provides short term collateral free loans ranging from rs. 1, 000 to 10, 000 and charges approx (9%) monthly interest on the amount and from here they give lenders interest.
I had applied for loan on 5th oct and also paid a registration fees of rs.500 but its almost 15 days no communication from them as they only coordinate with emails and does not have any contact number. (Trail mail details in attachment)
I have gone through their websites and enquired about the proper nbfc documents but they were unable to provide any valid and authentic documents issued by reserve bank of india to operate as nbfc.
According to circular issued by rbi all peer to peer business must be nbfc.
This company is operating without any valid nbfc documents and providing innocent public with lucrative offers of 60% yearly guarantee return, we should come forward and take some legal action against such fraud companies.

Your action may lead to save many innocent investors.

Pintu prasad
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Comments

Advice dont use this services . Very very worst and ### people. They HACK coustmers phone and disturb their personal as well as proffessional life also. At present my life suffering due to Z2P.
Akshayp92's reply, Dec 4, 2018
Have you taken any legal action? Because I'm facing the same issue. And planning to take legal action against z2p. My lawyer says that it's illegal and they can't disturb the people from our contact list.
Hi Pintu,

Nice to see your comments on various portals. Please be informed that a Peer-to-peer company is not an NBFC and the RBI Norms to convert P2P into an NBFC-P2P has come recently and the recognition will start from next year onwards.
I would also like to shed some light on your profile, who took a loan from Z2P from multiple accounts using fake documents of family and friends for which the the Z2P team took extreme actions to recover the amount. I know these facts since I am also one of the lender on Z2P and one of the lender who provided you the mentioned loans.

Hope you were taught the lesson before you think of doing such activities in future.
I have repaid the amount 1 week back updated repayment form provided bank statement screen shots of repayment
Still repayment not updated and getting reminders
Complaint on Z2P loan
Repaid the amount on August 1st
Still getting remainders

Loan I'd E6CA
Repaid amount 6610
Seems like 420 company Z2P Shujat Technologies Pvt Ltd...

It is so frustrating that eventhough making payment before 1 week due date (on Aug-1st), I am getting recovery reminders

There is no phone number if I want to call, If I send mail to Support and sent screenshots and Bank Statement several times and updated Repayment form, I will get reply your query will be addressed in 48 hours but nothing happens
Sorry I take back my complaint. Z2P team are very helpful and my repayment got updated finally.

They are very helpful in case of emergency need of cash and very quick in disbursal. Only concern is repayment update is very late .
My loan amount due date is on 22 Sep 2018 and i have paid it before my due date on 1st Sep 2018 just to have a good relation and to increase my limit . After sens them all email regarding Ref #, Screenshot and Bank Statement Z2P keep on saying we couldn't find ur details . People dont download their app they are actually fraud . I have already file a case against them and soon they will get court notice too . Be Aware
Update the statements four times
But not received money
This message comes every 24 hours after how many update statements
such a very very wrost app. I already done my repayment last month. But it again shows outstanding & Without any information they send messages to every contacts.
I never used Z2P for any purpose but one of my friend got text message from Z2P that says I as a KARTHIK K .. Taken loan from Z2P with you listed as a friend and is defaulting on it. Please let him know the same before legal action.

Dear Z2P from past 3 days i am sening you mail dail i did not get any update from your side kindly let me knw

I am not get any update from your side i already repayment Rs. 4340/- Via IMPS And My loan id is : 96D9. Kindly Update Status As soon as possiable
And Please Find Below Attached Payment Screen shot.

Thanking You

i made my repayment on dec 11 when my due date was dec 15, Loan ID: 6F51, Amount-1780, They updated the repayment but cannot apply for new loan as they are suddenly asking to pay extension fine of Rs 778. This is not fair
my loan amount was a but money was not do.
Approved my loan
Dear Team
I would like to inform you that i have applied 5000 rs loan on your application before 2 week but still this time my loan is not approved and you are giving me any satisfaction that how much will you take to approved my loan?
Kindly inform me that how much time will you take to approved my loan.

Himanshu Sharma
email- [protected]@gmail.com
loan id- 4E69E5
Why m getting sms that my brother is a defaulter on lone.
When my brother have not taken any lone from z2p he just inquired about it on app.
And the smme sms is been sent to all of his contacts .
How you can access his contact list.
Let me know the truth before taking any legal action on it.
Brother name is amol Vidhate.
I am paid one time documention fee,
But no loan receive please give me loan amount, .my register mobile [protected]
Am done my loan increment fee on feb 4th (05: 16 PM) but still my loan limit not update yet am done all maill update form so many times sir kinly update my loan increment fee to reflect to my app
Payment Reference no: [protected]
From icici net banking

I was investor in z2p since 2017 but recently their default rate have increased. I have already lost my 10000rs invested in z2p. Seems they are not verifying properly before providing loan to borrower.

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