A fast-growing securitisation and reconstruction company

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Reliance Asset Reconstruction

About Reliance Asset Reconstruction

Reliance Asset Reconstruction Company Limited (RARC) is a fast-growing Securitisation and Reconstruction company, registered with the Reserve Bank of India (RBI), under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002.

Our principal business is to acquire non-performing financial assets from banks / financial institutions, manage them through restructuring, and resolve them in a time-bound manner through active interventions.

As on March 31, 2020, we manage a portfolio of Rs. 2020 crs and 3,39,108 customers across retail and SME segment. However, the portfolio concentration is high in retail segment (both secured and unsecured asset classes). We are present in all major towns and cities across the country, with a dominant retail presence in South and West.

Reliance Capital Limited is our principal sponsor with 49% shareholding and has managing control through the Shareholders Agreement.

Our Business

We follow the segment and product approach while purchasing portfolios. Our infrastructure and risk segmentation approach resonates this strategy. Our focus is to drive efficiency and customer excellence across all products within the segment.

Business Segments

Retail and MSME Business: This is our niche segment and refers to individual consumer loan accounts with receivables up to Rs. 5 crore. Typically, these are loan accounts in the mass market segment and includes asset classes such as student loans, retail mortgages, commercial mortgages, vehicle loans, business loans, personal loans, credit cards and other credit facilities (backed by security or otherwise).

SME Business: These are typically loans taken by borrowers for working capital limits (either term loan or overdraft) which are backed either partially or fully by collateral. We have classified this segment having receivables up to Rs. 25 crore. There is a significant credit uptick in this segment which we have noticed historically and remain deeply interested in acquiring, managing and turning around non-performing loans to this customer segment.

Corporate Business: These are loan receivables above Rs. 25 crores lent to corporate and industrial houses having significantly large turnovers across manufacturing segment, power, road infrastructure, EPC, hospitals and real estate.

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