Ms. Mittal Bhanushali is a qualified Company Secretary (ICSI, 2014) and holds an LLB degree from Mumbai University (2022), along with a Master of Commerce degree from Mumbai University. She has over 11 years of extensive experience in corporate governance, secretarial practices, regulatory compliance, and legal affairs. Proven expertise in managing Board and Committee processes, ensuring compliance with the Companies Act, SEBI Regulations, RBI guidelines, and corporate governance frameworks. Prior to this, she has worked with listed, unlisted, and private companies, handling statutory compliances, corporate actions, board governance, stakeholder management, and regulatory filings. Recognized for delivering practical compliance solutions, strengthening governance processes, and supporting leadership teams in achieving organizational objectives while maintaining the highest standards of integrity and regulatory adherence.
Datta Chavan brings over 20 years of rich and diverse experience in collections and debt management. He holds a Master’s degree in Finance from Mumbai University. Throughout his career, he has been associated with leading organizations such as Axis Bank, HDFC Bank, ICICI Bank, and Accenture, where he developed deep expertise in banking, risk management, and operational excellence.
Datta is widely recognized for his strategic mindset, strong leadership capabilities, and innovative contributions to digital collections. His consistent track record of delivering results has made him a key driver of performance and transformation in the collections domain.
Zaheer Akthar Hussain - Head – Retail Resolution: Zaheer Akthar Hussain has over 20 years of rich & diverse experience in Collections & Debt Management. He holds an Executive certification in Applied Financial Risk Management from IIM - Kashipur. He is with Reliance Capital Group Companies since 2012. Prior to Reliance Capital group he served with other organisations like Future Capital Financial Services, India Bulls Financial Services, ICICI Bank, Escorts Financial Services & GE Countrywide Financial Services.
Sujata Mukherjee is a Company Secretary with over 7 years of experience in corporate governance, compliance, and risk management. Holding a master’s degree in law from the prestigious National Law University, Jodhpur, she has established herself as a versatile professional with expertise in navigating complex regulatory frameworks. She began her career with a distinguished group company of ITC Limited and then became the Company Secretary of Omkara Assets Reconstruction Private Limited. Her freelancing experience has also equipped her with specialized knowledge in insolvency and bankruptcy laws.
Dipanjali Nagpal is a qualified company secretary with more than 7 years of work experience.
Her expertise includes due diligence, corporate legal advisory, stakeholder management, corporate governance, operations and audit.
Previously she worked with Vinod Kothari & Company as an Associate and Suraksha Asset Reconstruction Limited as the Company Secretary and Compliance Officer. The blend of academic understanding and practical expertise is her forte.
She is an arts graduate with specialisation in Mathematics and Economics from Lady Shri Ram College For Women.
Non-Executive Director (Nominee of Cosmea Investments Private Limited)
Mr. Aman Gudral is Chief Financial Officer at Reliance Capital Limited. Mr. Gudral, holds a master's degree in management from JBIMS, Mumbai and bachelor's degree in engineering from PEC, Chandigarh. He is a CFA charter holder and has over 11 years of work experience. He has been with Reliance Capital group for the last 4 years. In the past, he has worked with organizations like KPMG and Indiabulls Housing Finance Limited
Ms. Amrita DC Nautiyal is a Fellow Member of the Institute of Company Secretaries of India (ICSI) and completed her PG Diploma in Business Management from Narsee Monjee Institute of Management Studies (NMIMS), LL.B. and B. Com from Mumbai University. Ms. Amrita DC Nautiyal serves as Independent Director of Cipla Health Ltd., Jay Precision Pharmaceuticals Private Ltd., Gandhar Oil Refinery (India) Ltd. Little Internet Private Limited, Riverside Industries Limited and Reliance Asset Reconstruction Company Limited. Ms. Amrita DC Nautiyal was the Chairperson of the Western India Regional Council of the Institute of Company Secretaries of India (WIRC - ICSI) in 2023 and is currently serving as the regional council member for 2023- 2027. Founder of Amrita Nautiyal and Associates she has more than two decades of experience in secretarial, legal, and compliance functions. She is also associated with charitable institutions including the Cipla Foundation, Cancer Aid & Research Foundation, Narayan Sewa Sanstha, St. Catherine's Home and The Little Sisters of the Poor in India.
Shri Satish Kumar is a Science graduate and has completed his CAIIB. He has also completed his Management Development Program at IIM Bangalore. He is having an experience of over 28 years in banking and regulatory space. Shri Satish Kumar started his career with Allahabad Bank (which has since been amalgamated with Indian Bank) in the year 1993. Presently, he is working as a General Manager Treasury & International Division in Indian Bank.
He specializes in corporate lending and credit management and has deep knowledge in the areas like Corporate Credit, Credit Risk, Debt Restructuring, Project Financing, Treasury Management, Regulatory Compliance, Syndicated Finance, Project Management, Internal Audit and Operations Management.
Shri Satish Kumar has established and managed relationships with large Indian conglomerates across the country. He has also held various positions at different branches across country and categorization viz., Rural, Semi-urban, Metro & Commercial. After amalgamation of Allahabad Bank with Indian Bank, he was assigned role to design and oversee strategic planning, risk management and risk factoring of mid & large credit vertical of the Bank. He is also a member of IBA Standing Committee on Corporate Credit
Mr. S. V. Parthasarathy has experience of over 40 years in the financial services sector. As head of the Consumer Finance Division (CFD) he was a part of the Senior Management Team of IndusInd Bank Limited. Precedent to that, he was the Executive Director and Head of Business in Ashok Leyland Finance Limited and held managerial positions in Ashok Leyland Limited. Mr. Parthasarathy is a Qualified Chartered Accountant. Currently he is an Independent Member of the Board of Hinduja Housing Finance Limited. He is also an Advisor to Asset Management Companies (Funds) in the Financial Services Industry.
Mr. A. Asokan has been working in the banking and Financial Services for over 35 years. His work experience includes association with the Reserve Bank of India, Foreign Banks, Private Sector Banks, Non-Banking Financial Companies and Asset Reconstruction Companies. He is currently involved in the Asset Reconstruction sector. He also holds directorship in Pepper Advantage India Private Limited and Sintex Industries Limited.
Mr. Sachin Mehta is a senior management leader with over 20 years of building and scaling cross-border investment banking and capital markets businesses across GCC & India. He has a proven track record in corporate finance advisory, capital markets, structured finance, and asset / proprietary management. He has led and advised on public and private debt and equity transactions aggregating over US$45 billion and has experience in managing proprietary and client investments exceeding US$1.5 billion. Over the years, he has developed close relationships with C-level executives, banks, DFIs, SWFs, institutional investors and family offices in the GCC and South East Asia.
He currently serves as Managing Director – International Business at an IFSC-registered investment bank, advising regulated entities and corporates on bond issuances, IPOs, and cross-border fundraising. Previously, he was Head of Investment Banking, Asset Management & Proprietary Investments at Ahli Bank SAOG, Oman, and held principal roles at Bank Muscat in Oman and Anand Rathi Securities in India.
Devarshi Rupani holds a degree from Duke University (USA) and has built his career at the intersection of Private Equity and Strategic Advisory, developing a sharp eye for credit risk, capital allocation, and business turnaround. His experience spans Infrastructure, Renewables, Real Estate, and Financial Services — sectors that sit at the heart of most stressed asset portfolios in India today. Under his stewardship, the Company is building a differentiated approach to asset reconstruction — one grounded in a genuine understanding of underlying businesses and real assets, enabling more effective and sustainable resolution outcomes for all stakeholders.
Pursuant to the provisions of the Companies Act, 2013 and the Reserve Bank of India Guidelines, the Company has constituted following Committees of the Board.
1. Audit Committee
2. Nomination and Remuneration Committee
3. Corporate Social Responsibility Committee
4. Risk Management Committee
5. Investment Committee
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 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 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 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 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 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 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 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 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 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 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 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.
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 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.
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 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 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.
Rakesh Panjwani is a Chartered Accountant with over 12 years of rich and diverse experience in ARC & other financial services industry. His expertise lies in handling Financial and Management Reporting, Direct & Indirect Tax, Formulation of Policies, Compliance, Internal Controls and System Implementation. Prior to joining RARC, Rakesh has worked with organisations like Aditya Birla ARC, International Asset Reconstruction Company , Kotak Life Insurance, Dhanlaxmi Bank and ICICI Bank at different roles.
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 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.
