Aditya Birla Asset Reconstruction Company Limited (ARC)

Aditya Birla ARC Limited (ABARC), a subsidiary of Aditya Birla Capital Ltd (ABCL), was incorporated on March 10, 2017, and received its license from the RBI to commence the business of securitisation and asset reconstruction under Section 3 of the SARFAESI Act, 2002 in March 2018. The net worth of ABARC as of March 31, 2022, is Rs.169 crore and its revenue as of March 31, 2022, is Rs.74 Crore.

ABARC primarily focuses on acquiring non-performing assets (NPA) in accordance with the extant RBI regulations. We are providing comprehensive solutions to large and medium stressed assets.

ABARC is a joint venture with Värde Partners of the US to capitalise on the large opportunity in the distressed assets space, especially in the mid-corporate segment. On receipt of necessary approvals, both parties will jointly own and control the platform, which will leverage ABCL’s expertise in the financial services domain, the Aditya Birla Group’s wide operational experience across sectors and Värde’s established capabilities in global credit and value investing strategies.

ABCL is the holding company for the financial services businesses of the Aditya Birla Group. ABCL’s subsidiaries have a strong presence across Protecting, Investing and Financing solutions. ABCL is a universal financial solutions group catering to diverse needs of its customers across their life stages. Powered by more than 33,500 employees, the subsidiaries of ABCL have a nationwide reach with 1,094 branches and more than 2,00,000 agents, channel partners and several bank partners.

As of June 30th, 2022, ABCL manages aggregate assets under management over Rs.3,550 billion, has a consolidated lending book of approx. Rs.699 billion, and an active customer base of over 39 million, through its subsidiaries and joint ventures.

About Värde Partners

Värde Partners is a leading global alternative investment firm with roots in credit. For more information, please visit www.varde.com