August 24, 2016 11:08 PM ET

Diversified Financial Services

Company Overview of International Asset Reconstruction Company Private Limited

Company Overview

International Asset Reconstruction Company Private Limited operates as a securitization and reconstruction company. It engages in acquisition of financial assets; resolution of assets, including restructuring, one time settlement, sale of assets/business/company, and legal recourse; and receivership services to banks and judiciary. The company was founded in 2002 and is based in Mumbai, India with an additional office in Gurgaon, India.

A-506 & 508, 215 Atrium

Kanakia Spaces, Andheri - Kurla Road

Andheri East

Mumbai,  400093

India

Founded in 2002

Phone:

91 22 67363 000

Fax:

91 22 67363022

Key Executives for International Asset Reconstruction Company Private Limited

Chief Executive Officer, Managing Director, Director, Member of Audit Committee, Member of Remuneration Committee, Member of Asset Acquisition Committee, Member of Asset Resolution & Reconstruction Committee and Member of Investment Committee
Head of Acquisition and Resolution and Vice President
Age: 54
Advisor to the Board - Legal and Regulatory Compliances
Age: 73
Advisor of Acquisition & Resolution
Compensation as of Fiscal Year 2016.

International Asset Reconstruction Company Private Limited Key Developments

KKR Plans To Use $10 Billion Fund To Invest In Indian Assets

KKR & Co. L.P. (NYSE:KKR) plans to use its global pool of nearly $10 billion to fund acquisition of stressed assets from Indian lenders, armed with Foreign Investment Promotion Board approval for its plan to own a majority stake in International Asset Reconstruction Company Private Limited. KKR has already bid for large, marquee assets such as Hotel Leelaventure Limited (BSE:500193) and the Jaiprakash Associates Limited (BSE:532532) cement assets.

KKR, Akhil Gupta To Buy Into IARC

KKR & Co. L.P. (NYSE:KKR) and Akhil Gupta are planning to acquire a majority stake in International Asset Reconstruction Company Private Limited (IARC)by investing about INR 3.5 billion.

KKR In Talks To Acquire IARC

A consortium led by KKR & Co. L.P. (NYSE:KKR) is in discussions to acquire a controlling stake in International Asset Reconstruction Company Private Limited (IARC). "The consortium partners will (subsequently) increase their stake to more than 51% in the next three years in which KKR will retain more than 26% ownership," two persons familiar with the proposed transaction said. Arun Duggal, Chairman of IARC, said, "We are in discussion with KKR that has been a very successful private equity and structured debt investor in India and one of the largest in the world."

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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