Office Bearers

Mr. R. K. Bansal - Chairman

• R. K. Bansal, a Charted Accountant is Managing Director and CEO of Edelweiss Asset Reconstruction Company Limited, the largest ARC in the country. • He is former Executive Director of IDBI Bank and has more than 33 years of experience in banking, covering both development banking and commercial banking, which includes 8 years in the top management team as Executive Director of IDBI Bank. • Have broad and diversified experience in all functional areas of banking such as Corporate Banking, Project Appraisal, Corporate Debt Restructuring[CDR], Retail Banking, International Banking, Finance & Accounts [CFO], Resources, Recovery, Investments, Treasury, Operations, etc. as top team leader. • Mr. Bansal was the Chairman of CDR Empowered Group and a member of Top Management Committees – Credit, Policy, System, Product and Process, ALCO, RBS Committee, HR, Internal Advisory, Fraud Review, Audit Committee of Executives, Investment Committee, etc. • His major strength and experience is in resolving stress assets. He has been handling many of the large stressed groups/accounts and exposure as CDR EG Chairman has added to the experience. This is further strengthened as he was appointed as Chairman of ARCIL, by IDBI Bank. • He was also the member of Standing Committee on Retail Banking of Indian Banks Association (IBA). • Previous board membership includes IDBI Federal Life Insurance Co. Ltd., ISIL, J.K. Lakshmi Cement Ltd., Uttam Value Steels Ltd., SIDBI, IDBI Asset Management Ltd., NSDL and NSDL e-Governance Infrastructure Ltd. • Mr. Bansal was also deputed by IDBI as a CEO to Stockholding of India Ltd. (SHCIL), IDBI Mutual Fund (now renamed as Principal Mutual Fund) and IDBI Federal Life Insurance.

 

 

Mr. Pradeep Goel – Vice Chairman

Mr. Pradeep Goel is currently working as Chairman and Managing Director of Prudent ARC Limited. He has work experience of 27 years as an industrialist, entrepreneur in the field of Iron and Steel. During his professional carrer, he has been actively involved in establishment of businesses such as Power Projects – Thermal, Hydro & Solar and Pharmaceutical, Engineering, Ship-breaking, Real Estate, etc.

 

 

Mr. Sanjay Jain - Secretary

Sanjay is presently working as the CEO of Aditya Birla ARC Limited since August 2018. He is responsible for overall business development and growth of the Company. Prior to joining Aditya Birla ARC Limited, Sanjay was associated with SBI Capital Markets Limited, State Bank of India, JM Financial Institutional Securities Limited and Asset Reconstruction Company (India) Limited.
He has over 25 years of work experience across financial markets at senior positions covering Restructuring and Resolution of Stressed Assets, Debt & Equity Capital Markets, Mergers & Acquisitions and Project & Corporate finance.
Sanjay is a rank Chartered Accountant from The Institute of Chartered Accountants of India. He has completed his Masters in Commerce from the University of Rajasthan in the year 1989.

 

 

Mr. Manish Nihalani - Joint Secretary

Mr. Nihalani is finance post graduate with an experience of more than 21 years in the field of Banking, Recovery & Resolution of Retail/ SME and Large Corporate, Managing Institutional Relationship, Asset acquisition & Evaluation, Investments & Fund raising. He started his finance career with Aditya Birla Group. He Joined ICICI Bank in 2006 and worked on Asset Resolution and later joined one of the largest PRA of ARCIL in NPA resolution. He is handling Acquisitions, Recovery & Business Development as COO and CFO in Alchemist ARC.

 

 

Mr. Girish Sinha - Treasurer

Shri Girish Sharan Sinhaholds a degree in MBA - Finance (Investment & Portfolio Management). He has focused on Stressed Asset Management and financial market during his 13- year career. He started his profession, in ARCindustry, with M/S Asrec (India) Limited, where he streamlined and spearheaded the asset reconstruction business of the Company. He was also instrumental in setting & implementing ASREC's IT strategy.

Subsequently he moved to Omkara Asset Reconstruction Private Limited as Chief Operating Officer. Currently he is working as Managing Director & Chief Executive Officer of ASREC India Limited. Prior to his assignment in ARCs, he worked in Central Bank of India and Bank of India in various capacities.

 

 

Mr. Sanjay Tibrewala - Managing Committee Member

Sanjay Tibrewala is currently working as MD of Phoenix ARC Private Limited. Sanjay is a Chartered Accountant, Cost Accountant and Company Secretary with more than 24 years of post-qualification experience in Manufacturing, Banking and Financial Services.

 

 

Mr. Nanha Ram Devineni - Managing Committee Member

Mr. Nanha Ram is a post graduate and presently working as CEO of Maximus ARC Limited. Before his present assignment, he was heading first ARC of South India i.e. Pridhvi Asset Reconstruction and Securitisation Company Limited. During his tenure at Pridhvi, he successfully revived several sick companies by adopting innovative resolution strategies that felicitated their turn around by virtue of which workmen regained their employment, created additional employment opportunities, settlement of statutory dues,etc.
Before moving to ARC industry, Mr. Nanha Ram has worked at senior position in Andhra bank for 22 years and Dhanalaksmi Bank for 5 years.

 

 

Smt. Neeta Mukerji - Managing Committee Member

Ms. Neeta Mukerji has Post Graduate Diploma in Management from Indian Institute of Management, Calcutta. She is a senior banker with 30 years of experience in premier financial institutions like ICICI Bank, Asset Reconstruction Company of India (ARCIL), GE Capital and RBL Bank. She has wide ranging experience across banking with specific focus on credit, risk management and distressed debt. Her core expertise areas include setting up and managing risk management function, assessing credit risk and structuring complex financial transactions and resolution of distressed debt.

 

 

Shri Pramod Gupta - Managing Committee Member

Mr. Gupta has over 23 years of experience across finance functions in various industries namely Oil & Gas, Infrastructure, Energy & Chemicals. Mr. Gupta is a Chartered Accountant and Company Secretary. His has experience across functions such as treasury, business leadership, international projects, mergers and acquisitions, project evaluations, fund sourcing, etc. As CFO, he is in charge of finance, accounts, taxation, budgeting and rating process. He has been working with Arcil since August 2012.

 

 


Mr. Hari Hara Mishra Chief Executive Officer Association of ARCs in India

Career banker from State Bank of India (1982-2004).

Moved to the ARC Sector in 2004, when first ARC in India, ARCIL had started functioning. Associated with Asset Reconstruction Sector since those formative days till date, in various ARCs in executive and director level roles. Actively engaged in ARC Association activities since its inception in 2009 and held various elective offices including Secretary of ARC Association.

Had the opportunity to draft report of Key Advisory Group (KAG) on ARC sector (2011) appointed by Ministry of Finance. Was member of a IBA Group on NPA Sale Process and Assignment Agreement (2012), was part of CAFRAL Group on discussion paper on Distressed Assets (2013). At present, member of a IBA working group on ARCs (2023).

Regular contributor in various publications and speaker/panellist on subjects of economy and finance, distressed debt etc.

 

 

Members

Association of ARCs in India is a Representative Body of Asset Reconstruction Companies registered with Reserve Bank of India.