Diversified Financial Services
Company Overview of Asset Reconstruction Company (India) Limited
Asset Reconstruction Company (India) Limited provides asset reconstruction services. The company engages in the business resolution of non-performing assets/securities of defaulters upon acquisition from banks and financial institutions. Its activities include acquisition and realization of proceeds; sale proclamations settings, corporate auction cum sale notices, and retail auction notices; dealing with lenders; sale of assets; and outsourced and empanelment process services. The company also offers investment opportunities. It serves customers in India and internationally. The company was incorporated in 2002 and is based in Mumbai, India with locations in India. It also has an additional ...
Senapati Bapat Marg
Mumbai, 400 028
Founded in 2002
Key Executives for Asset Reconstruction Company (India) Limited
President and Chief Operating Officer
Head of Finance and Budgeting Group & Admin
Head of Business Group II
Head of Business Group III
Compensation as of Fiscal Year 2014.
Asset Reconstruction Company (India) Limited Key Developments
Asset Reconstruction Company Seeks Acquisition
Jan 8 15
Asset Reconstruction Company (India) Limited plans to raise Rs. 500 crore via an asset reconstruction fund to acquire stressed assets from banks. According to P Rudran, Managing Director and Chief Executive Officer, Arcil has opened its third asset reconstruction fund and qualified institutional buyers such as banks, insurance companies and mutual funds can invest in it. "We normally invest about 20 per cent of the corpus of an asset reconstruction fund. That money is used for acquiring assets from banks and financial institutions. The fund is in the nature of a trust and investors get SRs against their investments. The SRs will be redeemed as and when the recovery takes place," said Rudran.
Arcil Puts Jhagdia Copper Ltd On The Block
Nov 18 14
Asset Reconstruction Company (India) Limited has invited bids for Jhagdia Copper Limited. Secured creditors of Jhagdia Copper led by Asset Reconstruction Company have offered the unit for sale. Arcil has initiated the process by inviting bids and the last date for submission of bids is December 17, 2014. Several players including some globally renowned players are reported to have shown interest in acquiring Jhagdia Copper's assets.
Asset Reconstruction Company (India) Limited Presents at 2nd Annual Asia Pacific Distressed Investing and Corporate Restructuring Summit 2014, Nov-18-2014 through Nov-19-2014
Nov 15 14
Asset Reconstruction Company (India) Limited Presents at 2nd Annual Asia Pacific Distressed Investing and Corporate Restructuring Summit 2014, Nov-18-2014 through Nov-19-2014. Venue: The Ritz-Carlton, Hong Kong, Hong Kong. Presentation Date & Speakers: Nov-18-2014, Ameeta Trehan, Vice President - Business Group.
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