Aditya Birla Asset Reconstruction Company Limited (ABARC)
Aditya Birla ARC Limited (ABARC), a subsidiary of Aditya Birla Capital Ltd (ABCL), was incorporated on March 10, 2017 and received its license from the RBI to commence the business of securitisation and asset reconstruction under Section 3 of the SARFAESI Act, 2002 in March 2018. The net worth of ABARC as of December 31, 2024 is Rs. 47,284.75 Lacs and its total income as of December 31, 2024 is Rs. 13,161.93 Lacs.ABARC primarily focuses on acquiring non-performing assets (NPA) in accordance with the extant RBI regulations. We are providing comprehensive solutions to large and medium stressed assets.
ABARC is 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 a registered Core Investment Company (“CIC’) and the holding company of the financial services businesses. Through its subsidiaries/JVs, ABCL provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 55,000 employees, the businesses of ABCL have a nationwide reach with over 1,470 branches and more than 200,000 agents/channel partners along with several bank partners.
As of September 30, 2024, Aditya Birla Capital Limited manages aggregate assets under management of over Rs. 5.0 Lakh Crore with a consolidated lending book of Rs 1.38 Lakh Crore through its subsidiaries/JVs.
Aditya Birla Capital Limited is a part of the US$66 billion global conglomerate Aditya Birla Group, which is in the league of Fortune 500. Anchored by an extraordinary force of over 187,000 employees belonging to 100 nationalities, the Group is built on a strong foundation of stakeholder value creation. With over seven decades of responsible business practices, the Group’s businesses have grown into global powerhouses in a wide range of sectors - from metals to cement, fashion to financial services and textiles to trading. Today, over 50% of the Group’s revenues flow from overseas operations that span over 40 countries in North and South America, Africa, Asia, and Europe.
About Värde Partners
Värde Partners is a leading global alternative investment firm with roots in credit. For more information, please visit www.varde.com.