K Sundar

Head - Business & Acquisition

Sundar is a result-oriented professional with 16 years of experience in the areas of Project Financing, Credit Appraisal & Credit Administration and 12 years of experience in all the facets of the Asset Reconstruction Industry. At RARC, Sundar is heading Acquisition and Business Development department. He is a Post Graduate in Commerce and an MBA (Finance). Sundar has been with the Company since its inception. As part of the core team during its formative years he has been instrumental in establishing various business models for acquisition, investment and resolution.

Sheetal Parui

Head - Operations

Sheetal Parui has 22 years of experience in Retail Branch Banking & Operations. She holds a Bachelor of Commerce degree from Mumbai University and currently heading Operations & Systems with RARC since February 2018. Prior to joining RARC, she has worked with HDFC Bank Ltd and Commonwealth Bank of Australia as Head of Retail Branch Banking and Operations. Also worked as Project Head with Mphasis Ltd and Accenture for KYC Remediation Projects of J P Morgan Chase and Deutsche Bank.

Ravikant Anchan

Head - Resolutions (Retail)

Ravikant boasts experience of over 19 years in Collections & Debt Management. He holds a certification in General Management Programme from IIM - Lucknow. Prior to RARC he has served with organisations like Yes Bank, Capital First, Serco BPO, Cholamandalam DBS, ICICI Bank and Kotak Mahindra Bank.

Vinod S. Pawaskar

Head- Legal

Vinod Pawaskar is an experienced legal professional with over 30 years of experience. His expertise lies in handling legal cases, especially the Recovery Laws like SARFAESI Act, RDDB & FI Act, Negotiable Instrument Act etc. and is well acquainted with the Commercial Laws, Property Laws and Land Acquisition Laws etc. Being Head - Legal at RARC, he is responsible for all the legal actions required in recovery of Corporate and SME accounts. Vinod holds a bachelor's degree in Commerce as well as Law, from the University of Mumbai. Prior to joining RARC, he has worked in various expanses of law with Government of India, Department of Atomic Energy in Land Acquisition and Legal Department, on deputation with Ministry of Finance in Debt Recovery Tribunal, Mumbai and with ARC viz. ASREC (India) Ltd.

Preeti K. Chhapru

Company Secretary

Preeti K. Chhapru has over 12 years of experience in the areas of corporate secretarial functions and has been associated with the RARC since 2016. She is Company Secretary and member of Institute of the Company Secretaries of India. She is a law graduate and commerce post graduate from the University of Mumbai.

Mehul Gandhi

Executive Director & CEO

Mehul Gandhi is a Chartered Accountant and has over 17 years of rich and diverse experience in ARC industry handling Financial and Management Reporting, Business Strategy, Formulation of Policies, Operations, Compliance, Internal Controls and System Implementation. He has been working with RARC since April 2017 and was responsible to oversee Finance, Accounts, Taxation, Budgeting, Operations and MIS for both RARC and its Trusts in his previous role as COO/CFO. Prior to RARC, he has worked with organisations like Edelweiss Asset Reconstruction Company India Limited as Chief Financial Officer, International Asset Reconstruction Company India (P) Ltd. and ARCIL at different roles for over 10 years.

Mehul Gandhi

 

Mehul Gandhi is a Chartered Accountant and has over 17 years of rich and diverse experience in ARC industry handling Financial and Management Reporting, Business Strategy, Formulation of Policies, Operations, Compliance, Internal Controls and System Implementation. He has been working with RARC since April 2017 and was responsible to oversee Finance, Accounts, Taxation, Budgeting, Operations and MIS for both RARC and its Trusts in his previous role as COO/CFO. Prior to RARC, he has worked with organisations like Edelweiss Asset Reconstruction Company India Limited as Chief Financial Officer, International Asset Reconstruction Company India (P) Ltd. and ARCIL at different roles for over 10 years.

Ravindra S. Rao

Executive Director & CEO

Ravindra S. Rao has more than 22 years of experience across consumer lending and has worked in Risk Management, Compliance, Distribution, Operations and Technology. He joins RARC from Fullerton India where he worked in different roles for over six years, with his last assignment being the CEO of the home finance subsidiary. Prior to Fullerton, Rao was head of Collections and Fraud Risk Management at Standard Chartered for South Asia. He also headed Retail Collections at HDFC Bank for five years. At the start of his career, he had worked in regional roles in ABN Amro and Bank of America. Ravindra S. Rao ceased as an Executive Director & CEO of the company with effect from October 22, 2019.

Lav Chaturvedi

 

Lav Chaturvedi is a Nominee Director (Nominee of Reliance Capital Limited) of the Company. Lav Chaturvedi leads the broking & distribution business for Reliance Capital Limited (Reliance Securities Group). He has been with the Group for over a decade and has made several valuable contributions to the franchise, including obtaining the CIC approvals for Reliance Capital Limited, stake sale in our existing businesses such as Asset Management, incubating and monitoring new initiatives of the Reliance Capital group, both onshore and offshore, strategic mandates for acquisitions, working closely with regulators and Board members for robust policy, risk management framework and governance processes across businesses. He plays a key role in guiding the commodities exchange business, ICEX, which is focused on converting to a universal exchange.

Prior to joining the Reliance Group, Lav Chaturvedi has worked overseas for more than a decade, managing clients, building relationship, implementing technology and financial solutions to enable business growth. He has worked with IPS Sendero, subsidiary of Fiserv (a Fortune 500 company), in Scottsdale, Arizona, USA at the senior management level, providing strategic and tactical consulting on balance sheet management to the clients and assisting in the resolution of advanced analytical and policy issues. Lav Chaturvedi has an MBA from Syracuse University, New York. He is also a Chartered Financial Analyst from the CFA Institute, USA.

Sudarshana Bhat

 

Sudarshana Bhat is a Nominee of Union Bank of India on the Board of the Company. He is a seasoned banker with more than 3 decades of rich experience in Treasury, Credit, Corporate banking, various administrative and functional capacities. He is currently heading the Treasury & Investment Operations of Union Bank of India. He started his banking career in 1986 and rose to become General Manager.

Sudarshana Bhat is a post graduate, a Certified Associate of Indian Institute of Bankers (CAIIB), an ACS (inter) and holds a Diploma in Financial Services. He has attended training programmes conducted by various reputed institutes in India and abroad.

Arun Kumar Bansal

 

Arun Kumar Bansal commenced his career at Indian Bank in the year 1991 as an Award staff. His qualifications include post graduate in Commerce, Post Graduate Diploma in Banking and Finance, CAIIB and MBA in Marketing. He is also associated with FPSB as a Certified Financial Planner. He has 29 years of experience in Corporate Banking, Retail Banking, Rural Banking and Integrated Treasury Management and is currently working with Indian Bank as a Deputy General Manager, Department Head, Treasury & International Division in Mumbai.

Arun Kumar Bansal ceased as Nominee Director (Nominee of Indian Bank) on the Board of the Company with effect from December 28, 2020.

Ravindra S. Rao

 

Ravindra S. Rao has more than 22 years of experience across consumer lending and has worked in Risk Management, Compliance, Distribution, Operations and Technology. He joins RARC from Fullerton India where he worked in different roles for over six years, with his last assignment being the CEO of the home finance subsidiary. Prior to Fullerton, Rao was head of Collections and Fraud Risk Management at Standard Chartered for South Asia. He also headed Retail Collections at HDFC Bank for five years. At the start of his career, he had worked in regional roles in ABN Amro and Bank of America. Ravindra S. Rao ceased as an Executive Director & CEO of the company with effect from October 22, 2019.

Sujal Shah

 

He is a Chartered Accountant by profession and has more than 27 years of experience. He is a partner of SSPA & Co, Chartered Accountants. Sujal has been into consulting practice for Financial Valuations, Mergers/Acquisitions and Corporate Restructuring for more than two decades. He is also a Registered Valuer under the Companies Act, 2013 and a regular speaker on the subject of Valuation at various forums including the Institute of Chartered Accountants of India, Bombay Chartered Accountants Society, The Chamber of Tax Consultants, etc. He has written several papers and articles on the subject of Valuation. He is an Independent Director on Board of Listed and Unlisted entities engaged in different industries.

Shri Sujal Shah ceased to be a Director of the Company with effect from July 25, 2019.

Dr. R. B. Barman

 

Dr. R. B. Barman is the former Chairman of National Statistical Commission, and also Chairman of Technology Committee of Insolvency and Bankruptcy Board of India, Government of India. Barman is a Member of State Innovation and Transformation Aayog, Government of Assam. He is associated with the National Payment Corporation of India, Companies and Academic Institutions as Adviser, Director and Adjunct Faculty. Barman is former President of The Indian Econometric Society and former Vice Chairman of the Irving Fisher Committee on Central Bank Statistics, BIS, Basel. As an Executive Director of Reserve Bank of India, he left his mark on modernization of payment system of India. Barman is a leading expert in the area of Business Intelligence.

Shrikant Rege

 

Shri Shrikant Rege, with more than 35 years of experience, is a professional with wide ranging qualifications including B.Com, LLB, Diploma in Financial Management, CA, CS, and CAIIB. He started his career with RBI in 1982 and soon after moved to American Express Bank (AMEX), where he rose to the level of Chief Executive and Country Operations Officer, International Operations in 2003. He has handled various roles in quality, corporate and private banking credit, compliance and treasury in the Bank. Post the takeover of AMEX by Standard Chartered Bank (SCB) in 2008, he led the complex integration of AMEX with SCB, before moving to the UK Government's Foreign Commonwealth Office as its Senior Advisor, where he was involved in building a strategy on reform of IMF and the World Bank. Shri Rege is a consultant and has advised Deloitte in India, on engagements with other financial players viz. Banks, Insurance companies, Mutual Funds, and their regulators, focusing on Governance, Regulations and Risk. He also advises Banks and Financial Institutions on various financial and strategy aspects.
Shri Shrikant Rege ceased to be a Director of the Company with effect from May 1, 2019.

Prakash Chandra Sharma

 

Prakash Chandra Sharma is Nominee of Indian Bank on the Board of the Company. He started his career in Allahabad Bank in the year 1984 as Probationary Officer. His qualifications include M.Sc. (Chemistry), CAIIB and MBA (Banking & Finance)). He has vast experience of more than 36 years in Corporate Banking, Retail Banking, Rural Banking and Integrated Treasury Management. He is also having experience in International Banking and Forex. He has worked in Forex Branches for more than 15 years and 3 years as Forex Dealers. He also served in Allahabad Bank's only overseas branch at Hong Kong as CEO from 2012 to 2015.

After amalgamation of Allahabad Bank into Indian Bank, he is presently working as General Manager - Treasury & International Banking at Mumbai.

Aman Gudral

 

Aman Gudral is nominee of Reliance Capital Limited on the Board of the Company. Mr. Aman Gudral, holds a master's degree in management from JBIMS, Mumbai and bachelor's degree in engineering from PEC, Chandigarh. He is a CFA charterholder and has over 10 years of work experience. He has been with Reliance Capital group for the last 5 years and headed Treasury and Finance functions. He has worked with KPMG and Indiabulls Housing Finance Limited in the past.

Deena Mehta

 

Deena Mehta is a Chartered Accountant, Master's in Management Studies (Finance) and Fellow Member of Securities and Investment Institute London. She is the promoter of Asit C Mehta group of companies. She is on the Board of Reliance Asset Reconstruction Company Limited, Magma Housing Finance Limited, Fino Payments Bank Limited as Independent Director. She has been former President of Stock Exchange Mumbai and has the honour of being the first woman Director on Board of BSE as well as first woman President. She is the promoter director of Central Depository Services Ltd. as well as South Asian Federation of exchanges, the association of stock exchanges of SAARC countries. She has been an invitee to International Securities Regulators Organization, and member of Index Committee and Advisory Committee on Mutual Funds of Stock Exchange, Mumbai and a member of SEBI Committees such as Review of Eligibility (CORE) norms of SEBI, Derivative Committee, Delisting Committee, Ethics Committee and Investor Education.

Rajesh Gandhi

 

Rajesh Gandhi is a Company Secretary with over 16 years of experience in Compliance, Secretarial and Legal. Over these years, Rajesh has devised, handled and monitored Corporate Governance structures and has framed and implemented Compliance Framework for stock & commodities broking, DP services, portfolio management, advisory, research, ARC, AIF, insurance broking and MF distribution. Rajesh has exposure in setting-up and handling Secretarial Compliances including compliances of listed entities. He is experienced in handling regulatory inspections by SEBI, stock exchanges, depositories, IRDAI, AMFI, MCA etc., and conducting and co-ordinating branch inspections, internal and secretarial audits. He has also played crucial role in preparing and implementing various policies, procedures and SOPs including PIT policy, Risk policy, AML-KYC policy, RPT policy etc. at various organizations. Prior to joining RARC, Rajesh was associated with organisations like Aditya Birla Group, SPA Group, India Infoline and Edelweiss among others.