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ASREC (India) Limited

ASREC's Role

As the financial sector is moving in the direction of becoming more competitive, prudent and stakeholder centric, it has provided an opportunity for it to eliminate Non Performing Assets through the instruments of ARCs. Hence, the Sponsors of ASREC decided to float ASREC (India) Limited for this purpose.

ASREC (India) Limited, a Public Limited Company incorporated under the Companies Act 1956 has been granted certificate of registration by RBI on October 11, 2004 to carry out activities under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002.  The Company’s Registered Office is at Solitaire Coporate Park, Bldg No. 2, Unit No.201-202A & 200-202B Gr Floor, Andheri Ghatkopar Link Rd., Chakala, Andheri (East), Mumbai 400093.

The Company has an Authorized Equity Capital of Rs.125 crores and the Paid Up Equity Capital of  Rs.98 crores.  

The Company acquires Non Performing Assets (NPAs) from the Banks / Financial Institutions at mutually agreed prices with the objective is to maximise the returns  through innovative resolutions strategies.