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Edelweiss Asset Reconstruction Company Ltd
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Edelweiss Asset Reconstruction Company Limited (EARC) is one of India's foremost asset reconstruction companies. Established in 2007, EARC is part of the Edelweiss Group, a diversified financial services conglomerate. The company's primary business involves acquiring Non-Performing Assets (NPAs) from banks and other financial institutions at a discount and then working towards value recovery through various resolution strategies. These strategies include debt restructuring, settlement, sale of assets, and legal recourse like the SARFAESI Act and Insolvency and Bankruptcy Code (IBC). EARC's mission is to unlock the underlying value in stressed assets, thereby helping to clean up the balance sheets of lenders and contributing to the health of the Indian financial system.
India
Industry
Financial