Set up in 2002, Asset Reconstruction Company (India) Limited (Arcil) India’s first and among the leading asset reconstruction companies in the country. Since its inception, Arcil has resolved over Rs.780 billion worth of Non-Performing Assets (NPAs) acquired from Indian banks and Financial Institutions.
Arcil is sponsored by prominent banks and financial institutions such as State Bank of India (SBI), IDBI Bank Limited (IDBI), ICICI Bank Limited (ICICI) and Punjab National Bank (PNB). Being a private entity headquartered in Mumbai, Arcil is also an associate member of Indian Bankers Association.
Having commenced operations to resolve corporate NPAs, Arcil was among the first in the industry to capitalize upon rising NPAs in retail and SME segment. Arcil forayed into resolution of retail assets through its division ‘Arms’, which is currently spread across 17 locations in India.