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Asset Management Companies in India List 2023 Updated
Asset Management Companies in India. Do you know why banks pay interest on deposits in an account by you? Because they lend your money to LARGE companies at higher interest rates. A portion of this interest is credited to your account. Instead of going to companies, banks can sell their bad loans to asset reconstruction companies.These companies buy bad loans at discount rates. This means that an asset reconstruction company will pay the agreed amount to the bank. In return, the Asset Reconstruction Company (ARC) gets some control over the company.
Asset Management Companies in India
1. JM Financial Asset Reconstruction Co Pvt Ltd
JM Financial Asset Reconstruction Company Limited is among the highest ARCs in India. This is a Securitization and Reconstruction Company, which has been registered with the Reserve Bank of India (RBI), which is registered under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. JM ARC is in the business of obtaining non-executed financial assets from banks and financial institutions and solving them for the satisfaction of all parties.
Address: 7th Floor, Cnergy, Appasaheb Marathe Marg,Prabhadevi,Mumbai – 400 025.
- Edelweiss Asset Reconstruction Co Ltd
The Edelweiss Asset Reconnaissance Company (ARC) comes in the list of India’s top ARCs.
This company is sponsored by Edelweiss, which is one of the leading and diverse financial services group.Edelweiss ARC acquires non-executed assets from banks and financial institutions and resolves them through appropriate resolution strategies which are outlined in the Securitization and Reconstruction of Financial Assets.
Address: Edelweiss House , Off. C.S.T. Road ,Kalina ,Mumbai, Maharashtra , 400098
- Indiabulls Asset Reconstruction Pvt Ltd
Indiabulls Asset Reconnaissance Company (IARCL) is sponsored by Indiabulls Ventures Limited (IVL) – which is a major non-banking financial company in India. IARCL reserves the certificate of registration to act as a securitization and asset reconstruction company by the Reserve Bank of India. It is playing a major role since the establishment in 2017. Indiabulls ARC focuses on stressed assets and non-executed assets in India’s real estate sector.
Address: Indiabulls House, 448-451, Udyog Vihar, Phase V, Gurugram – 122016
4. International Asset Reconstruction Company Private Limited
International Asset Reconstruction Company Pvt Ltd is another top ARC in this country. IARC is supported by some of the largest players in the international and domestic financial sectors.
The stakes in IARC are organized by large Indian and foreign companies. Blackstone India and ARC SG FDI Holdings (NQ) company PTE Limited have a major stake.The other stakeholders include top private bank HDFC Bank and Tata Capital Financial Services Ltd. Sponsor shareholder is ICICI Bank and private investor.
Address: A-508, 5th Floor,215 Atrium, Kanakia Spaces, Andheri-Kurla Road, Andheri (E) , Mumbai -400 093
- CFM Asset Reconstruction Pvt Ltd
CFM Asset Reconstruction Pvt Ltd is an ARC-sponsored Chartered Finance Management Limited (CFML).This is India’s first ARC, which works with Gujarat CFM ARC businesses, including getting property all over India.However, the company focuses on asset reconstruction of companies in Maharashtra, Gujarat, Rajasthan and Central because they contribute more than 30 percent of India’s gross domestic product.
Address: A/3, 5TH Floor, Safal Profitaire, Near Prahlad Nagar Garden, Ahmedabad -380015
- India SME Asset Reconstruction Co Ltd
India SME Asset Reconstruction Co Ltd is owned by Small Industries Development Bank of India (SIDBI), SIDBI Venture Capital Limited and two state-owned lenders – United Bank of India and Bank of Baroda. Its focus is to provide asset reconstruction services to non-performing assets (NPAs) banks in the micro, small and medium enterprises in the country.
Address: 1004, 10th Floor, Naman Centre, C-31, G-Block, Bandra Kurla Complex, Bandra(East), Mumbai – 400 051
- Asset Reconstruction Company India Limited
Asset Reconstruction Company (India) Limited (Arcel) is the first and the country’s top asset reconstruction company. It was established in 2002. The company has solved more than 780 billion rupees of non-executed assets (NPAs) organized by Indian banks and other non-banking financial companies. ARCIL India is sponsored by Leading Nationalized Banks, State Bank of India (SBI), IDBI Bank, ICICI Bank and Punjab National Bank (PNB). ARCIL is located in Mumbai. This company is an associate member of the Indian Banks Association.
Address: The Ruby, 10th Floor, 29, Senapati Bapat Marg, Dadar (West),Mumbai-400028
- Pegasus Asset Reconstruction Pvt Ltd
Pegasus Assets Reconstruction Reconstruction Pvt. Ltd. is a top ARC in India from private sector. During the financial year 2017-2018, the Company has secured more than 75 billion distressed loans and non-executed assets (NPA) arrears from more than 50 banks and financial institutions. According to its website, the company has developed strong relationships with some major national and international NPA investors in the last 12 years.
Address: 55-56, 5th Floor, Free Press House, Nariman Point, Mumbai – 400 021
IndiaRF is a joint venture between Piramal Enterprises Ltd and Bain Capital Credit. The objective of the company is to make capital investment in the form of debt and equity in the crisis-prone properties and special circumstances in India, thereby creating a positive turn with profit for all stakeholders. Piramal Group is a diversified business group that works in more than 30 countries and has strong presence in more than 100 markets worldwide.
Address: Piramal Tower, A Wing, 7th Floor, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013.
- Alchemist Asset Reconstruction Company Limited
Alchemist Asset Reconstruction Company Limited is engaged in unlocking value from these assets by the acquisition of distressed financial assets from the banking system and the optimized reconstruction of the underlying businesses / securities and value added. The business activities of the company include reconstruction and reconstruction of loans; Acquisition of Non Performed Assets (NPAs); Debt Consolidation for Resolution; NPA resolution; And the resolution agent of banks provides service to lenders, service providers, asset buyers and investors in India.
Address: D-54, First Floor, Defence Colony New Delhi, Delhi, 110024
- UV Asset Reconstruction Company Limited
UV Asset Reconstruction Company Limited is a Securitization Company / Reconstruction Company registered with the Reserve Bank of India. LVARCL is promoted among others by 6 public sector banks and 2 insurance companies with equity participation. Central Bank of India, Bank of Maharashtra, Union Bank of India, Bank of India, United Bank of India, Allahabad Bank, United India Insurance Company Limited and National Insurance Company Limited. UVARCL receives Non-Performing Assets (NPA) from various banks and financial institutions.
Address: 704, Deepali Building, 92, Nehru Place, New Delhi-110019
- Phoenix ARC Private Limited
Phoenix ARC Private Limited is sponsored by Kotak Mahindra Group, which is a major diversified financial services group. Kotak Mahindra Group is a 49% share of the company’s equity capital and the balance is held. By a diverse group of investors It obtains from banks and other financial institutions to reorganize / realize / unlock the value of such assets with the underlying securities along with the non-executed assets. The company is engaged in sourcing from the auction by banks and bilateral negotiations; Offers deal assessment services
Address: Dani Corporate Park, 5th Floor, 158, C.S.T. Road, Kalina, Santacruz (E), Mumbai – 400 098
- Pridhvi Asset Reconstruction and Securitisation Company Limited
Pridhvi Asset Reconstruction and Securitization Company Limited (PARAS) is the first Asset Reconnaissance Company (ARC), established in South India, registered and corporate office in Hyderabad. There are three institutional investors in the equity of Punjab National Bank, UCO Bank and Andhra Bank Company. Authorized capital of PARAS is Rs.50 crores and is paid-up capital Rs.100 crores.
Address: Plot No.6,6A,6B, 4th Floor, Raja Praasadamu, Kondapur, Hyderabad
- Invent Assets Securitisation & Reconstruction Private Limited
Invent Asset Securitization and Reconstruction Pvt. Provides asset reconstruction, securitization and business reconstruction services to banks and financial institutions in India. It provides various services including business reorganization, debt consolidation and recovery. The company was founded in 2003 and it is located in Mumbai of India. It aims to become the most influential consultant in this business segment with accurate information, knowledge and application.
Address: 107, Jolly Maker Chambers No 2, 225, Nariman Point, Mumbai – 400 021
- Reliance Asset Reconstruction Co Ltd
Reliance Asset Reconstruction Company Limited (Reliance ARC) is a Supreme Property Reconstruction Company. Reliance ARC is sponsored by Reliance Group. Other shareholders in Reliance ARC include Corporation Bank, Indian Bank, General Insurance Corporation of India, Desk Croft and Blue Ridge. Reliance ARC has adopted buyer-driven models as well as portfolio cases in cash for the acquisition of non-performing assets on the person.
Address: 570 Rectifier House, Naigaum Cross Road, Next to Royal Industrial Estate, Wadala East, Mumbai-400 031