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. Eshwar Karra - Secretary

Mr. Eshwar Karra has an experience of over two decades in the financial services industry and over a decade of distressed assets experience. Eshwar was the founder member of the distressed assets business at Kotak and has helped the group in successfully investing over Rs. 2,500 cr (US$ 417 mn) of its capital in distressed assets. He has built time tested expertise in identifying distressed opportunities, structuring complex financial transactions & execution and securing profitable exits. Prior to Kotak, Eshwar worked with Ceat Financial Services and Sundaram Finance. Eshwar holds a Bachelor degree in Commerce from the University of Pune and is a Management Graduate from the The Institute of Management Development and Research, Pune.

 

 

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. Dhananjay Kumar Jain - Treasurer

Mr. Dhananjay Kumar Jain has vast experience of 36 years in banking sector. He worked in Union Bank of India as an officer from 1977 to 2013. During his service tenure he worked different departments of Bank like Credit Department, 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 he retired as a General Manager in- charge of NPA Recovery and Legal Services Department.

 

Members

Association of ARCs in India is a Representative Body of 25 Member Asset Reconstruction Companies which are registered with Reserve Bank of India.