Though there are many problems in establishing and running ARC, but the oldest company among the 16 players is ARCIL.
About ARCIL (Asset Reconstruction Company of India Limited)
Datta replaces N Vaghul, who stepped down in April, Arcil
Bindra's company had sought to declare the action of ARCIL
and other respondents including IDBI Bank, State Bank of Hyderabad, Indusind Bank, ICICI Bank, and Punjab National Bank as illegal.
, a company that manages non-performing assets of banks and financial institutions, has acquired a majority stake in Kolkata-based Industrial Investment Bank of India (IIBI).
Skandry has extensive after sale support experience, including After Sale Supervisor World Wide for Arcil
, and After Sale Manager Middle East for the Dextra Group (UAE-Dubai).
These include SBI's Rs 1,600 crore loan in Bharati Shipyard to Edelweiss ARC, Rs 900 crore Hotel Leelaventure loan to JM Financial ARC and Rs 1,500 crore loan in Corporate Power to ARCIL
Synerlink, the integrator of the packaging machine manufacturer Arcil
, offers end-of-line robotic solutions under the Aprium-Technology brand that feature Adept Quattro[TM] robots from Adept Technology.
These top three players are Arcil
, JM Financial and Edelweiss.
Rudran, Managing Director and CEO of ARCIL
, the second-largest ARC by asset under management (AUM).Fund infusion into ARCs would help it pay upfront and get assets at a cheaper price.
managing director and CEO P Rudran commented Last fiscal we had acquired Rs 4,400-crore worth of bad loans from banks.
Asset Reconstruction Company (India) Ltd, or Arcil
, is intending to purchase bad loans of about Rs 2,000 crore this financial year.