about us

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, promoter / director has an experience of 23 years including 13 years in 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, as promoter of Renaissance Fiscal Services Pvt. Ltd. (and Sponsor Director of Raytheon ARC), also has 9 years 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. During the course of rendering advisory services, he has worked closely with all banks and about 11 ARCs and has facilitated resolution of NPAs of more than 200 companies with ARCs and various public /private sectors banks. Several restructuring packages (value of debt approx. Rs. 9000 Cr).

Mr. Sandeep 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 28 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 years 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.

Mr Deepak Narang, qualified as M. Sc (Physics) from Delhi University; CAIIB; CFA (Inter) from ICFAI Hyderabad, is an ex-Executive Director, United Bank of India (UBI) having 37 years of banking experience. He was instrumental in turning around United Bank of India from loss making in September 2013 quarter and December 2013 quarter, to profit making in March 2014 quarter. He has received appreciation from Mr Raghu Ram Rajan, the Hon’ble Governor of RBI for turning around the Bank. He has also received awards from Hon’ble President of India in 2013 for UBI being the Best Bank in India for financing Micro Enterprises and 2nd prize for financing Small Enterprises. Some of the other notable actions taken by him are (i) Framing monitoring policy, credit policy and recovery policy for UBI; (iii) Writing articles in Financial Express (Make wilful default a serious crime – Dated 28-2-2015) and in NIBM’s Vinimaya June 2015 magazine (Act decisively to recover). Has also been instrumental in facilitating large recoveries from difficult cases.

Mr. Dharam Chand Jain, qualified as M.Com (Specialisation in Business Administration) and CAIIB, has over 36 years of rich and varied experience in the banking industry (Union Bank of India initially and then with IDBI Bank Ltd. as Chief General Manager). He has worked across all major business segments such as retail, corporate, Government, MSME and audit; capped by a successful stint as Managing Director and CEO of a leading investment bank (IDBI Capital Market Services Ltd.). Mr. Jain was country head of retail and branch banking as also government banking amongst other roles during the 18 year association with IDBI Bank. As head of various teams in IDBI, Mr. Jain has been instrumental in taking decisions on lending, restructuring and recovery (also of NPAs), besides cash management, product and process development, credit management, operations and loan administration.


1. Acquisition committee

2. Resolution committee