PHOENIXARC

Phoenix ARC Private Limited ("Phoenix") is sponsored by the Kotak Mahindra Group, a leading diversified financial services group, to undertake the business of asset reconstruction. Kotak Mahindra Group owns 49.90 % of the Equity Capital of the Phoenix and the balance is held by a diverse group of investors... Pursuant to Section 3 of The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002, Phoenix obtained its registration as an Asset Reconstruction Company (ARC) from Reserve Bank of India in June 2008. Since inception, Phoenix has played a vital role in stressed assets market and continues to be one of the leading ARC having acquired Non-Performing Assets (NPA) comprising of large corporate, SME & retail pools from various banks and financial institutions in excess of Rs. 21,500 crores with the total outstanding dues of more than Rs. 80,000 crores.

Also known as: Phoenix ARC Private Limited

Primary location: Mumbai India