Office Bearers

Mr. Siby Antony - Chairman

Mr. Siby Antony has over four decades of experience in Banking and Financial Services, especially in the space of Distressed Assets. Mr. Siby has been instrumental in setting up the Distressed Assets Business in Edelweiss Group. Prior to Edelweiss Asset Reconstruction Company Limited, he had an aggregate service of over 35 years as a banker. Starting his career with the Reserve Bank of India in 1969, he moved to IDBI, India's principal Development Financial Institution in 1975. Pursuing a very successful career in IDBI, he had grown to the position of Executive Director. He was appointed as the Executive Trustee of Stressed Assets Stabilization Fund, a Rs. 9000 Crore Fund created by Government of India to take over the stressed loans of IDBI, prior to its merger with IDBI Bank. He was also associated with the Corporate Debt Restructuring mechanism since inception and he was the Chairman of the Empowered Group of CDR until 2008. He also served on the board of ARCIL, the pioneering Asset Reconstruction Company in the country, as a nominee of IDBI. During his career with IDBI, as a senior executive in the Project Finance Department he was in-Charge of sectors namely, Oil & Gas, Chemicals and Petrochemicals, Steel and Textiles, besides Road & Ports. He was also associated with the Inter Institutional Group constituted by Government of India and RBI for studying the issues connected with the flow of investment in infrastructure. He represented IDBI in the informal committee constituted by Ministry of Surface Transport (MOST), Government of India for drafting/finalisation of the Model Concession agreement for road projects.

 

 

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. Manish Lalwani - Secretary

Mr. Manish Lalwani is Chartered Accountant and holds Masters Degree of Commence. He brings with him immense experience in origination, structuring and executing transactions. He has driven various deals and enjoys good relationships with financial institutions and Investors. He has handled investment ranging from $ 1 million to $ 20 million with turnaround potential as part of corporate restructurings and special situation. Has worked across sectors – Auto-components, FMCG, Educational, Health, Edible Oil, Textile, and Iron & Steel. Apart from corporate restructuring he also handled various assignment for Resolution of NPAs and NPLs loan and Due Diligence assignment for sale of NPA, Buy side and Sale side advisory for the same. Prior to being Managing Director and CEO of Omkara Assets Reconstruction Private Limited, he was the Founder - Director of the Areion group of companies providing varied services into advisory of stressed assets and NCLT cases.

 

 

Mr. Hari Hara Mishra - Joint Secretary

Mr. Hari Hara Mishra joined India's largest bank- State Bank of India in 1982 as a Probationary Officer. He worked in various areas of banking for more than two decades and received recognition / appreciation for commendable performance in areas of Business Development, NPA Management, Customer Service, and promotion of Quality Circle etc.

When Asset Reconstruction Companies came into being after SARFAESI legislation, he moved to the ARC Sector. Since then, he has been working in ARC Sector for more than a decade in all areas like Acquisition, Resolution, Fund Raising etc. and has extensively worked with all the Rating Agencies in India for development of Recovery Rating Scale and rating of Security Receipts. Mr Mishra has been actively associated with Association of ARCs in India and worked on several ARC Industry level issues, including being associated with compilation of Report of the Key Advisory Group on ARC Sector reforms constituted by the Government of India and Standardization of ARC Transaction Documents & NPA Auction process in collaboration with Indian Banks Association. He has been associated with holding of Annual ARC Conference ARCON and is an honorary advisor to the Assocham National Council for ARCs, Banking and Financial Services. His views/ opinion on ARC Sector have been published in various Business Newspapers and Periodicals.

 

 

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.

 

 

Mr. Sanjay Jain - Managing Committee Member

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. Dhananjay Kumar Jain - Chief Executive

Mr. Dhananjay Kumar Jain is post graduate and has vast experience of over 40 years in banking sector. During his service tenure he workedas Branch Manager, Regional Head as also in different departments of Bank like HR department, Industrial Relation Department, NPA Recovery and Legal Services Department and Credit Monitoring and Restructuring Department.
He was aptly promoted to the higher post in the Bank and retired as a General Manager in- charge of NPA Recovery and Legal Services Department in December 2013. He has also headed one of the leading ARC, ASREC India Limited as MD and CEO from 2014 to 2019.

 

Members

Association of ARCs in India is a Representative Body of 29 Member Asset Reconstruction Companies which are registered with Reserve Bank of India.