about us

To become the leading Asset Reconstruction Company which would unlock the idle NPAs lying in the Financial Sector, including Banks/FIs and eligible NBFCs, with a focus on the NPAs in the MSME sector, for their productive use by resorting to innovative resolution mechanisms of NPAs.

Speedy resolution and rehabilitation of NPAs by innovative strategy and effective implementation in transparent manner in keeping with best corporate practices.

Mr. Anil Bhandari - Managing Director, Mr. Anil Kumar Bhandari, qualified as B.Sc and LLB by qualification, promoter / director has vastexperience of more than three decadesin Banking with significant exposure to Legal/ recovery including restructuring / OTS / BIFR and has handled large number of cases for recovery through DRT/SARFAESI and liquidation proceedings. Mr. Bhandari has vast experience in advisory services with regards to debt syndication, resolution of stress cases and raising of additional finance for borrower companies through structured arrangements to facilitate their revival. He has worked closely with various banks, NBFCs and about 11 ARCs and has facilitated resolution of NPAs of more than 200 companies with ARCs and various public /private sectors banks, where several restructuring packages during 2007-2014 (value of debt approx. Rs. 9000 Cr) have been approved / implemented.

Mr. Bhandari is promoter and Managing Director of Rare ARC (Executive Director).

Mr. Sandeep Ved Vrat - Executive Director & Chief Executive Officer (CEO), Mr. Sandeep Ved Vrat, qualified as B. Tech (Mechanical Engineering) from Indian Institute of Technology, Mumbai; MMS-Finance (MBA) from Jamnalal Bajaj Institute of Management Studies, Mumbai; CAIIB from Indian Institute of Bankers, has an experience of more than 35 years including 19 years in Banking and 9 years in Reliance ARC. Mr. Vrat joined IDBI Bank Ltd. (then IDBI Ltd.) as Management Trainee in 1987 and resigned as GM-Large Corporate Branch, IDBI in 2006, with exposure to Venture Capital, SME, Mid & Large Corporate lending, recovery including restructuring / OTS / CDR / BIFR/ Legal recovery. He also has 9 year’s experience in Reliance ARC (joined as Vice President & Group Head-Asset Management in 2006, and resigned as COO, Reliance ARC in May 2015, with role involving handling Acquisition, Resolution, Budgeting, Dealing with Rating Agencies, Auditors, etc.). He was actively involved in all acquisitions by Reliance ARC since its inception. He has attended various training programmes including an 84 day international training programme under World Bank Line of Credit for Electronics, where he visited factories in several countries around the world and had an 8 week classroom session at Dataquest Inc. (a company of “Dun & Bradstreet” group), San Jose, California.

He has been CEO and Director since receipt of Certificate of Registration by Rare ARC from RBI.

Mr. Ramaswamy V. Iyer –Independent Director, Mr. Ramaswamy V. Iyer, is a Graduate with B. Sc., from Mumbai University, who has vast experience in the field of Public Sector Bank. He joined IDBI Bank Ltd. (then IDBI Ltd.) in Junior Management Cadre in 1978 and retired as Chief General Manager in June 2015, with exposure to Corporate Financing, Refinancing, Raising and Servicing of Domestic and International Resources, Audit, Corporate Strategy and Communication, Human Resources etc.

He has handled large exposure stressed loans portfolio, as head of Focused Assets Management Group. Through intensive monitoring, he could successfully curb slippage of these loans to NPA, leading to improved recovery through timely and need based restructuring packages, both through CDR and non-CDR routes. He has also attended a 3-month exclusive Executive Management Programme from IIM-Ahmedabad.

Mrs. Shikha Bhandari - Non-Executive Director, Mrs. Shikha Bhandari is a post graduate with M.Sc (Mathematics), who has vast experience in the field of administration and human resources..

Mr. Dilip Kumar Daga - Independent Director, Mr. Dilip Kumar Daga, is a graduate with B.Com Hon’s, M.Com, from Jodhpur University and is also a qualified Chartered Accountant. He is a partner in M/s Dilip Daga & Co. and has significant experience in Banking Audits, Statutory Audits, Internal Audits, Portfolio Management, Financial Advisory, Taxation, Capital Market Operations, etc.

He was an Independent Director on the Board of various Companies. He is a professional Chartered Accountant with managerial skills & is also skilled in managing accounts for multi- asset portfolios, formulating investment advice, and conducting financial market research with a good analytical background.

Mr. Prashant Prabhat Chakravorty - Independent Director, Mr. Prashant Prabhat Chakravorty, is a post graduate with M.Sc., MBA and CAIIB (first level) qualifications. He was Senior Vice President and Head of Compliance and Risk for SME (2019- 2021) at Axis Bank, Mumbai, and has also worked as Geography Head SME for East, North East and West Geographies having portfolio size of more than Rs 14000 cr. and business size of more than Rs 20000 cr. (Includes assets, liabilities portfolio). He has provided leadership to a team of more than 250 officials (total tenure with Axis Bank of 13 years) and has previously been with Bank of Maharashtra (14 years), SBI Commercial & International Bank Ltd. (4 years), and IDBI Bank (11 years). He has experience of working in Rural, Semi Urban, Urban Centers and in three major Metros viz Mumbai, Kolkata and New Delhi. He was nominated by Axis Bank for a Course on International Risk Management programme (two weeks) at San Francisco conducted by Wells Fargo Bank. He is also on the Board of Various other companies.

1. Acquisition committee

2. Resolution committee

3. Audit Committee

4. Nomination and Remuneration Committee

5. Corporate Social Responsibility

6. Settlement Evaluation Committee