Arcil Appoints Vinayak Bahuguna As CEO & MD

India's largest asset reconstruction company, Arcil, has appointed Vinayak Bahuguna as its chief executive officer and managing director. He will replace P. Rudran who completed his term in April 2015.
 
Bahuguna is a seasoned professional with over two and a half decades of work experience across corporate banking, distress debt investment and asset management functions, with reputed global banks. He has exposure to credit markets across multiple countries (South Asia, Middle-East, Thailand, Malaysia, Singapore and Nigeria), and connections with reputed global distressed debt investors.

Soundara Kumar, Chairperson, Arcil, said, "Bahuguna’s joining as the new CEO & MD will strengthen the relationship and business with financial institutions and stakeholders. I see good times ahead for Arcil in assisting banks and FIs with appropriate resolution strategies for pools of distressed assets and backing it with capital solutions and investment.”

A Chartered Accountant by profession, Bahuguna commenced his career in 1985 in the corporate treasury function of an engineering company. He forayed into banking with ANZ Grindlays in 1987 and later moved to Standard Chartered Bank in 1998. At Standard Chartered Bank, he headed Alternate Asset Investments Group. Prior to joining Arcil, Bahuguna managed his own consulting firm, advising corporates foroperational restructuring and capital raising.

Arcil is one of the first and the most well recognised Asset Reconstruction Company, owned by banks such as SBI, IDBI, ICICI, PNB and strategic foreign investors. It has since acquired exposure of more than Rs 70,000 crore in about 1000 such distressed Industrial units from over supported 65 private and nationalised banks by taking distressed asset from their balance sheet over its life. Arcil has unique distinct unit called Arms, which provide solution for Non Performing Loan resolution in retail and SME.