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Reliance Asset Reconstruction Company Limited
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Reliance Asset Reconstruction Company Limited (RARC) was incorporated in 2005 and registered with the Reserve Bank of India (RBI) in 2007 as a Securitisation and Asset Reconstruction Company. As a part of the Reliance Group, RARC's primary business is to acquire distressed assets (Non-Performing Assets) from the banking system and resolve them through various measures like restructuring, settlement, or enforcement of security. The company's mission is to unlock the value tied up in these stressed assets, thereby helping to clean up the balance sheets of banks and financial institutions and contributing to the health of the Indian financial ecosystem.
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