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)

V. K. Shunglu

Mr. V.K. Shunglu, IAS Retd. & Ex- Comptroller & Auditor General Of India, is the Chairman of ASREC (India) Limited. He obtained B.A. (Honors) in Economics- St. Stephens College – New Delhi & M.A. in History, University of Delhi....

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Independent Director

Dr. N.L. Mitra

Dr. N.L. Mitra is Ex- Vice Chancellor of National Law University of Jodhpur. He received his Masters degree in Commerce, Masters in Law & PHD & Certificate in Human Rights from Strasbourg- France.

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Independent Director

B.A. Prabhakar

Mr. B.A. Prabhakar is a Chartered Accountant having vast experience of 31 years, working in Bank of Baroda, Bank of India and Andhra Bank in various capacities in India and aborad.

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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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Nominee Director

Bhaskara Rao Kare

Mr. Bhaskara Rao Kare is a BA, CAIIB-I and Adv. Management. Shri Bhaskara Rao Kare has vast experience of 30 years in the Banking Industry. Shri Bhaskara Rao Kare is currently working as General Manager, Union Bank of India.

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Nominee Director

Shri Venkatachalam Anand

Shri Venkatachalam Anand is a highly qualified professional with a Master's in Law (LLM) from Cochin University of Science and Technology, he also owns a diploma in cyber law.

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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