Shri Richard Mendonca is an independent director on NARCL`s Board of Directors. He is also Chair of the Corporation`s Audit Committee. Mr. Mendonca is a qualified chartered accountant and corporate secretary with over three decades of executive-level experience in various professionally managed organizations such as J. Walter Thompson, ESAB India Ltd. and Pennzoil India Ltd. In addition to his experience in accounting, finance, auditing and secretarial work, he has experience in various industries such as engineering, lubricants, welding, ball bearings, advertising and communications. Mr. Mendonca was a director and member of the Audit Committee of SBI Mutual Fund Trustee Co. Pvt.

Ltd. for a period of eight years, from April 2014 to April 2022. The status of National Asset Reconstruction Company Limited is active according to records. The company is not publicly traded. The National Asset Reconstruction Company Limited (NARCL), a unique strategic initiative supported by the Government of India, was proposed as a solution. NARCL will work on the CRA-GAC structure to resolve legacy NPAs by consolidating debt into the CRA in conjunction with a CMA-focused resolution strategy that will hire industry experts to advance resolutions. The structure offers a promising proposition for the entire Indian banking system, which would benefit in two ways: first, by selling its distressed assets, and second, by investing in NARCL and potential returns through better returns from asset aggregation and restructuring. Shri Subrata Biswas is the appointed director representing the State Bank of India on the NARCL Board of Directors. Mr.

Biswas is Deputy Managing Director of SBI`s Distressed Asset Resolution Group at the company`s headquarters in Mumbai. Lord. Biswas has more than three decades of experience in the banking sector and has successfully performed various tasks in banks in the areas of credit and risk management. He has been instrumental in dynamic governance and risk management policy formulation and has played an important role in the successful resolution of potentially volatile and risky assets. The authorized registered capital of the company is Rs 27,500,000,000 and the paid-up capital is Rs 14,090,450,000. The balance sheet was presented last. The Company Identification Number (CIN) of National Asset Reconstruction Company Limited is U67100MH2021GOI363511 and the registration number is 363511. National Asset Reconstruction Company Limited is a 1-year, 4-month limited company incorporated on 07 Jul 2021. The head office is located in Mumbai, Maharashtra, India.

The status of the company is active. It is a joint-stock company with an authorized capital of Rs 2,750.00 cr and a paid-up capital of Rs 1,409.05 cr according to MCA.9 The directors are associated with the organization. Sekar Karnam, Richard Andrew Mendonca, Malvika Sahni Sinha and 6 other members are currently associates. National Asset Reconstruction Company Limited is a 1-year, 4-month limited company incorporated on 07 Jul 2021. The head office is located in Mumbai, Maharashtra, India. The status of the company is active. It is a joint-stock company with an authorized capital of Rs 2,750.00 cr and a paid-up capital of Rs 1,409.05 cr according to MCA.9 The directors are associated with the organization. Sekar Karnam, Richard Andrew Mendonca, Malvika Sahni Sinha and 6 other members are currently associated as directors. View more There are no charges opened against the Company according to our records. SBICAP has been involved in setting up NARCL from the design phase and is working as the project manager to provide the complete solution for setting up India`s first bad bank. In addition to designing the solution, our team of experts plays a key role in structuring the bank, identifying assets, raising debt and equity, etc.

The Company Identification Number (CIN) of National Asset Reconstruction Company Limited is U67100MH2021GOI363511 and the Company Number is 363511 in accordance with the Department of Corporate Affairs (MCA). National Asset Reconstruction Company Limited is a public limited company. It is classified as a Union government company and is registered in RoC-Mumbai.