ASREC (India) Limited

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 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.

ASREC positions itself as the multi lender ARC in the public sector aiming to earn the confidence of the financial system in the effective resolution of NPAs by operating in transparent manner with flexibility of the private sector.

Vision

To be ARC of choice for Banks and FIs for distinctive cost effective and prompt NPA resolution for distressed enterprises for hand holding human approach.

Mission

Speedy resolution and rehabilitation of NPAs by innovative strategy and effective implementation in transparent manner in keeping with best corporate practices.

Business Areas

Acquisition of Assets

Outsourcing Activities

Investors

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Assets Buyers

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Property For Sale

Assets under Possession

Sale under SARFAESI Act

Sale through DRT

Wilful Defaulters

RBI Guideline

The Reserve Bank of India has issued various instructions aimed at resolution of stressed assets in the economy, including introduction of certain specific schemes at different points of time.

Nov 11, 2019:

Board of Directors

Chairman (Independent Director)

Dr. K.P. Krishnan

Dr. K.P. Krishnan served in the Indian Administrative Service (IAS) for 37 years and superannuated on 31/12/2019. In his IAS career he has served in various positions in the Government of Karnataka, Government of India and at the World Bank...

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Independent Director

B. P. VIJAYENDRA

Mr. B. P. Vijayendra is a career central banker with almost three and a half decades experience having served as a Regional Director and Principal Chief General Manager, Reserve Bank of India. He has vast experience in the areas of bank supervision, audit and inspection, risk management, etc...

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Independent Director

A. B. VIJAYAKUMAR

Shri A. B. Vijayakumar is a Senior Banker with over four decades of exemplary service across five prominent Public Sector Banks in India. He has ascended from grassroot to the level of General Manager in Bank of India.

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Nominee Director

V. N. MAYA

Ms V N Maya, started her career as an Advocate, practising in Madras High Court since1990 and thereafter joined Indian Bank as Scale I Legal Officer in the year 1995. Now, after completing 28 years of active service, she is Chief General Manager, handling Recovery and Legal.

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Nominee Director

Deepak Kumar Gupta

Mr.Deepak Kumar Gupta has over 29 years of experience in banking, starting his career as a Direct Recruit Officer at Bank of India. His extensive background covers Treasury, Forex, International Banking, and Corporate Credit.

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Nominee Director

Vipan Singh

Mr. Vipan Singh is General Manager in Union Bank of India at Corporate Office, Mumbai. He is having more than two decades of rich experience to his credit in different facets of Banking such as Branch Banking, Strategy, Human Resources, Credit Compliances and Monitoring etc.

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Managing Director & CEO

Girish Sharan Sinha

Mr. Girish Sharan Sinha has focused on Stressed Asset Management and financial market during his 16- year career. He started his profession, in ARC industry, with M/S Asrec (India) Limited (ASREC), where he streamlined and spearheaded the asset reconstruction business of the Company.

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All shareholders