Aditya Birla ARC, a subsidiary of Aditya Birla Capital Ltd (ABCL), was incorporated on March 10, 2017 and received its license from the RBI to commence business as an asset reconstruction company in March 2018. The net worth of Aditya Birla ARC as of March 31, 2018 is INR 107 crore and its revenue as of March 31, 2018 is INR 0.9 crore.
ABARC, upon commencement of business, has focused primarily on acquiring the idle non-performing assets (NPA) lying in the financial sector (including banks and financial institutions) with a sector agnostic focus on the NPAs in the Micro, Small and Medium Enterprises sector (SME/MSME) and the mid-corporate sector.
Recently, ABARC announced its decision to enter into 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.
Aditya Birla Capital Limited (ABCL) is the holding company of all the financial services businesses of the Aditya Birla Group. With a strong presence across the life insurance, asset management, private equity, corporate lending, structured finance, project finance, general insurance broking, wealth management, equity, currency and commodity broking, online personal finance management, housing finance, pension fund management, and health insurance business, ABCL is committed to serving the end-to-end financial services needs of its retail and corporate customers. Anchored by more than 16,500 employees, ABCL has a nationwide reach and more than 200,000 agents / channel partners.
Aditya Birla Capital through its subsidiaries and joint ventures manages aggregate assets worth Rs. 3,105 billion and has a lending book of Rs. 579 billion as of September 30th, 2018.
About Värde Partners
Värde Partners is an approximately US$ 14 billion global alternative investment firm that employs a credit-oriented, value-based approach to investing across a broad array of geographies, segments and asset types, including real estate, corporate credit, mortgages, specialty finance, transportation and infrastructure. Värde Partners sponsors and manages a family of private investment funds. Founded in 1993, Värde Partners has regional headquarters in Minneapolis (USA), London and Singapore.