What ASREC (India) does

ASREC (India) Limited is a multi-lender Asset Reconstruction Company (ARC) in the Indian public sector, incorporated under the Companies Act 1956 and granted a certificate of registration by the Reserve Bank of India on October 11, 2004 to operate under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Headquartered in Mumbai, the company acquires Non-Performing Assets (NPAs) from banks and financial institutions at mutually agreed prices and seeks to maximize recoveries through innovative resolution strategies, including sale under the SARFAESI Act, sale through Debt Recovery Tribunals, direct negotiations, and structured restructuring. Its primary customer segments are public and private sector banks seeking to clean balance sheets, and institutional investors participating in the Indian distressed-asset market through security receipts, take-out financing, mezzanine financing, capital infusion, and priority debt funding.

The product portfolio spans four business areas: (1) Acquisition of Assets (core NPA purchase), (2) Outsourcing Activities (valuation, legal due diligence, asset resolution, enforcement, and preservation through specialized partners), (3) Investor Services (security receipts and multi-stage financing products), and (4) Asset Buyer Services (sale of resolved manufacturing facilities, current assets, and collateral properties). ASREC operates from eight Indian locations (Mumbai headquarters plus Kolkata, Chennai, New Delhi, Hyderabad, Ludhiana, Ahmedabad, Bengaluru) and is backed by public sector shareholders including LIC, Indian Bank, Bank of India, and Central Bank of India, with aggregate paid-up and other equity of Rs. 146.01 Cr as of March 31, 2019. The company is led by Managing Director & CEO Girish Sharan Sinha, supported by a board comprising Chairman Dr. K.P. Krishnan (37-year IAS veteran), co-Chairman V.K. Shunglu (former Comptroller & Auditor General of India), former RBI and public sector bank executives, and nominee directors from shareholder banks. The business model generates revenue via transaction-based acquisition and resolution economics, with no publicly disclosed pricing, no proprietary technology platform, and a small headcount of 11-50 employees.

Name

ASREC (India)

Legal name

ASREC (India) Limited

Website

https://asrecindia.co.in

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

ASREC (India) Limited is a Mumbai-based, RBI-registered multi-lender Asset Reconstruction Company that acquires non-performing loans from Indian banks and financial institutions, resolving them through SARFAESI Act enforcement, DRT proceedings, and structured investor participation via security receipts.

Ownership category

akta.pro rank

Product category

Asset Reconstruction Services

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Trust, Fiduciary, and Custody Activities (523991), Finance and Insurance (52)

SIC

Asset-Backed Securities (6189), Finance Services (6199)

akta.pro primary industry

Non-Performing Loan (NPL) / Loan Portfolio Acquisition Funds (FSANAKAG)

akta.pro secondary industry

Asset-Backed Securities (ABS) (FSACACAA)

Keywords

• Asset reconstruction services
• Non-performing asset acquisition
• Stressed asset resolution
• NPA resolution services
• Security receipts issuance

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales, Infrastructure

Revenue model

1. NPA Acquisition and Resolution: ASREC acquires Non Performing Assets from banks and financial institutions at mutually agreed prices with the objective of maximizing returns through innovative resolution strategies. The company generates revenue by resolving acquired distressed assets through various mechanisms including sale under SARFAESI Act, sale through DRT, and direct negotiations.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

ASREC (India) Limited is a multi-lender Asset Reconstruction Company (ARC) that acquires Non-Performing Assets (NPAs) from Banks and Financial Institutions at mutually agreed prices. The company resolves acquired distressed assets through innovative strategies including SARFAESI Act enforcement, Debt Recovery Tribunal (DRT) proceedings, restructuring, and direct negotiations, with the objective of maximizing returns. It also offers outsourcing services covering valuation, legal due diligence, asset preservation, and enforcement, while providing investors with exposure to the Indian NPA market through security receipts and various financing structures.

Product overview

ASREC (India) Limited is a multi-lender Asset Reconstruction Company (ARC) in the public sector that operates as a unified platform for NPA resolution. The core offering consists of Asset Acquisition Services—purchasing Non-Performing Assets from Banks and Financial Institutions—combined with comprehensive Outsourcing Activities including valuation, legal due diligence, resolution management, and enforcement services. The company facilitates Investment Opportunities through security receipts and various financing structures, while providing Asset Buyer Services for purchasers of resolved assets. Additional offerings include Sale under SARFAESI Act, Sale through DRT, and Wilful Defaulters Management. ASREC positions itself as a transparent, flexible ARC combining public-sector credibility with private-sector efficiency.

Differentiator

Problem solved

Functional benefit

Products and services

• Acquisition of Assets ASREC acquires Non-Performing Assets (NPAs) from Banks and Financial Institutions at mutually agreed prices, enabling lenders to clean their balance sheets and concentrate on core banking operations.
• Outsourcing Activities Comprehensive outsourcing services for NPA resolution including valuation, legal due diligence, asset resolution, legal enforcement, and preservation of acquired assets through a network of specialized partners.
• Investor Services Opportunities for investors to participate in the Indian NPA market through investment in security receipts, single assets, portfolios, take-out financing, mezzanine financing, capital infusion, and priority debt funding.
• Asset Buyers Services Services for buyers of secured assets including manufacturing facilities (land, buildings, plant & machinery), current assets, and collateral properties acquired from borrowers.

Quantifiable outcome

• ARCs helping banks clean balance sheets, improve liquidity, and support fresh lending for economic growth

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Department of Financial Services (DFS)coreOthers · 18 May 2026DFS Secretary M. Nagaraju attended ASREC logo launch event in New Delhi and highlighted the growing role of ARCs in strengthening India's financial ecosystem. ARCs play a major role in acquiring non-performing assets from banks, helping them clean up balance sheets, improve liquidity, and support fresh lending for economic growth.
• Ministry of Skill Development and EntrepreneurshipminorOthers · 18 May 2026Former Secretary KP Krishnan of the Ministry of Skill Development and Entrepreneurship spoke at ASREC India Limited logo launch event in New Delhi, discussing austerity measures and the role of asset reconstruction companies in resolving stressed assets, particularly in the MSME sector.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Piramal Capital & Housing Finance: Diversified non-banking lender with active distressed-asset and resolution platforms. Comparable to ASREC in acquiring and resolving stressed corporate exposures, albeit with a broader financial-services portfolio.
• Kotak Mahindra Bank: Major Indian private-sector bank with a substantial stressed-asset resolution practice and corporate-banking relationships. Overlaps with ASREC as both a potential seller of NPAs and a competitor for stressed-asset resolutions across the same corporate universe.

Direct peers

• Phoenix ARC Private Limited: RBI-registered ARC acquiring NPAs from Indian banks and FIs. Competes head-to-head with ASREC in the same stressed-asset acquisition market with an overlapping product set (SARFAESI sales, DRT, security receipts).
• India Asset Reconstruction Company (IARC): RBI-registered ARC focused on NPA acquisition and resolution across Indian banks. Closely comparable business model and customer base to ASREC, competing for the same PSU-bank NPA flows.
• Asset Reconstruction Company (India) Limited (ARCIL): Long-standing RBI-registered ARC founded by leading Indian banks and financial institutions. Closely comparable institutional ARC model with similar PSU-bank shareholder architecture to ASREC.
• CFM Asset Reconstruction Company: RBI-registered ARC structured around acquisition of stressed assets from Indian lenders. Comparable transaction-based business model selling security receipts and resolution services in identical regulatory framework.
• Asset Care & Reconstruction Enterprise (ACRE): India's largest ARC, sponsored by ARCs and institutional investors. Direct competitor for PSU bank NPA portfolios via acquisitions and Security Receipt issuances under SARFAESI, operating in the same regulatory and customer set as ASREC.
• Omkara Asset Reconstruction Company: RBI-registered Indian ARC focused on stressed-asset acquisition and turnaround. Directly comparable in scale, regulatory status and product offering to ASREC.
• Suraksha Asset Reconstruction Company: RBI-registered ARC operating in Indian NPA acquisitions. Directly comparable service offering and regulatory positioning to ASREC in PSU-bank stressed-asset deals.
• Edelweiss Asset Reconstruction Company: ARC arm of the Edelweiss Group, one of India's most active distressed-debt acquirers. Competes with ASREC for both bank NPAs and corporate stressed-asset portfolios, with broader capital-markets reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ASREC (India)