Asset Reconstruction Company India Ltd Summary
Asset Reconstruction Company India Limited (Arcil) was originally incorporated as a Public Limited Company under Companies Act, 1956 through Certificate of incorporation dated February 11, 2002, issued by the Registrar of Companies, Mumbai and commenced the business on May 7, 2003. Established in 2002, the Company has pioneered in the asset reconstruction industry and has an established track record of over two decades in the asset reconstruction industry in India. The Company was the first ARC to be incorporated in India having obtained the Certificate of Registration to commence the business operations on August 29, 2003 from the RBI and completed the first acquisition of stressed assets in December 2003.Company was one of the few ARCs with Net Owned Funds in excess of such regulatory requirement in October 2022 itself.
Further, in October 2022, the RBI permitted ARCs with a Net Owned Fund of more than Rs 1,000 crore to act as a resolution applicant under the Insolvency and Bankruptcy Code, 2016. The Company was one of the four ARCs with a Net Owned Fund in excess of such regulatory requirement in October 2022, which provided another platform to acquire stressed assets as a resolution applicant beyond traditional resolution mechanisms and thereby further expand the AUM.The Company is engaged in the business of acquiring stressed assets from banks and financial institutions and implementing resolution strategies through restructuring, enforcement of rights on underlying securities and settlement. The Company operate across three business verticals - Corporate loans, SME and Other loans and Retail loans and classify the stressed assets based on the resolution mechanism.
The Company came up with IPO by allotting the offer for sale of 52,731,946 Equity shares of Rs 10 each and raised Rs 732.97 crores on September 11, 2026.