Company Overview of Asset Reconstruction Company (India) Limited
Asset Reconstruction Company (India) Limited, an asset reconstruction company, offers services for the resolution of non-performing assets upon acquisition from banks and financial institutions in India. It also offers outsourced business services, such as valuation, legal and technical due diligence, documentation relating to transfer of debt, preparation of resolution strategies, preparation of feasibility/market studies, implementation of resolution strategy and monitoring, identification of strategic investors/buyers for business, enforcement/sale of underlying securities, raising of additional funds for borrowers, integration and maintenance of loan accounts of the borrower, protection ...
Senapati Bapat Marg
Mumbai, 400 028
Founded in 2002
Key Executives for Asset Reconstruction Company (India) Limited
Chief Executive Officer, Managing Director and Director
President and Chief Operating Officer
Head of Finance and Budgeting Group & Admin
Head of Sme & Retail Business
Compensation as of Fiscal Year 2015.
Asset Reconstruction Company (India) Limited Key Developments
ARCIL Seeks To Raise Funds To Acquire Assets
Jul 22 15
Asset Reconstruction Company (India) Limited (ARCIL) seeks to acquire non-performing loans from financial sector players in India and would raise $500 million from investors for the purpose. ARCIL's Chief Executive Officer and Managing Director Vinayak Bahuguna said the company would firm up fund-raising and business plans over the next 60 days. He added it would prefer to have assets based in a specific industry than work across the board. ARCIL will be very selective in acquiring big-ticket assets as it involves a large amount of capital. ARCIL would look at Alternative Investment Funds (AIFs) to raise resources for acquiring non-performing assets. This might need change in AIF rules prescribed by the Securities and Exchange Board of India, he added.
Arcil Hires Vinayak Bahuguna as New Chief Executive Officer and Managing Director
Jun 16 15
Arcil has hired Vinayak Bahuguna as its new chief executive officer and managing director. In this new role, Bahuguna will succeed P. Rudran who completed his term in April 2015. Bahuguna is a seasoned professional with over two and a half decades of work experience across corporate banking, distress debt investment and asset management functions, with reputed global banks.
Asset Reconstruction Company (India) Limited Announces Nomination of P. S. Ravendernath, Senior Vice President & Group Head as Nominee Director on the Board of Directors
Jun 9 15
Sakthi Sugars Ltd. announced that Asset Reconstruction Company (India) Limited (Arcil) has nominated its Senior Vice President & Group Head, Mr. P. S. Ravendernath, as Nominee Director on the board of directors of the company pursuant to acquisition by Arcil of the debts of the Company from IDBI Bank Limited.
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