- CEO
- Phanindranath Kakarla
- Full Time Employees
- 206
- Sector
- Commercial services
- Industry
- Miscellaneous commercial services
- Address
- Mumbai India
- Business
- Asset Reconstruction Company (India) Limited (Arcil) is an India-based specialized asset reconstruction and financial services company focused on the acquisition, management, resolution, and recovery of stressed financial assets and non-performing loans from banks and financial institutions. Founded in 2002 as India’s first asset reconstruction company and registered with the Reserve Bank of India under the SARFAESI Act in 2003, the company is headquartered in Mumbai, Maharashtra, India. Arcil operates primarily across three core business segments: Corporate Debt Resolution, Small and Medium Enterprise (SME/MSME) Stressed Assets, and Retail Asset Resolution. The company’s comprehensive portfolio of products and services includes the acquisition of wholesale and corporate non-performing assets through bilateral sales, auctions, and structured bidding processes; corporate debt restructuring, financial re-profiling, and turnaround advisory for viable distressed borrowers; legal enforcement of security interests and asset monetization under the SARFAESI Act and the Insolvency and Bankruptcy Code; resolution, management, and recovery solutions for distressed SME and MSME loan portfolios; specialized retail bad debt reconstruction through its dedicated retail division (Arms), covering residential mortgages, auto loans, personal loans, and credit card receivables; structuring, issuance, and administration of Security Receipts to qualified institutional buyers; and distressed debt trust management, asset custody, and loan resolution agency services. Geographically, Arcil maintains a pan-India operational footprint with regional offices and an extensive field network across major commercial centers in India. The company was founded by premier Indian financial institutions, including the State Bank of India, IDBI Bank, ICICI Bank, and Punjab National Bank, with global distressed-debt investment firm Avenue Capital Group (via Avenue India Resurgence Pte. Ltd.) serving as its lead controlling promoter alongside State Bank of India. In recent developments, Arcil completed its Initial Public Offering on the National Stock Exchange of India and BSE Limited via an Offer for Sale, establishing itself as India's first publicly listed asset reconstruction company. Furthermore, the company has completed ownership consolidations as Avenue Capital Group expanded its controlling equity stake by acquiring shares from institutional lenders, deepened its strategic deployment into retail and MSME distressed loan acquisitions, and formed strategic origination partnerships with commercial banks and non-banking financial companies to implement technology-enabled resolution and digital recovery workflows under updated Reserve Bank of India regulatory frameworks.