(Managing Director & CEO)
Aalok Dave is a Chartered Accountant & LLB (Gen.) with extensive experience in Stressed Assets Management space. He is associated with the ARC sector almost since its inception. He has working experience in all functional areas of ARC – Business Development, Asset Acquisition and Resolution, Monitoring of Restructured Assets, Sell down of NPA Portfolios, Fund Raising, Rating of Security Receipts etc. In his initial years at Arcil, he handled business development during the initial years of ARC sector, taking the concept of Securitization of NPAs to banks and evolving transaction structures. Mr. Dave started his career in 2002, with Price Waterhouse Coopers where he was involved in Audit of Banking and Financial Services Companies. In 2003, Mr. Dave joined Arcil, India’s first Asset Reconstruction Company, formed pursuant to the enactment of SARFAESI Act. Mr. Dave has immense experience in resolving NPAs including cases with complex litigations. During his tenure, he grew from being a Management Trainee to Vice President in a span of 10 years. In June 2013, Mr. Dave took up entrepreneurial challenge by venturing into NPA Resolution business by setting up Distress Asset Specialist Private Limited along with his team from Arcil. In 2015, Distress Asset Specialist Pvt Ltd was acquired by Fortune Financial Services (India) Ltd, a BSE listed company with interests in Investment Banking, Institutional and Retail Broking, Housing Finance, Auto Finance etc.
(Independent Director)Shri Krishna Kumar is a B.A. (Hon.) in Economics from Delhi University and Certified Associate of the Indian Institute of Bankers (CAIIB) .Shri Krishna Kumar brings with him immense expertise in the banking and credit to guide Suraksha ARC in the right path. His diverse experience across different departments at SBI will help us in building an organization that is looked up to by all its stakeholders. Shri A. Krishna Kumar is a career banker who served State Bank of India for more than 39 years until superannuation in November 2014. Since his joining the Bank in 1975 as a Probationary Officer, Shri Krishna Kumar has handled a number of critical and important assignments in his long and distinguished career with SBI. In the last 15 years he worked as Deputy General Manager in-charge of Commercial Banking at Ahmedabad, and later Circle Financial Officer in the Hyderabad Circle of the Bank. He was also on the Boards of SBICAP Securities, SBI Life Insurance, SBI General Insurance, and SBI Credit Cards, subsidiaries of State Bank of India, during which period he gained valuable insights into the Securities, Insurance and Credit Card industries. He is currently Shareholder Director on the Board of Andhra Bank and Independent Director on the Board of Rural Electrification Corporation.
Mr. M. Sudhendranath, B.Com. LL.B., is Managing Partner of MSR & Associates, a leading Law Firm. He Started his career as an Advocate in Mumbai. During a successful career spanning over 35 years in the field of finance and corporate laws, his areas of expertise include Banking, Corporate, Shipping, Capital markets, Recovery Laws, Securitisation & Asset Reconstruction, SARFAESI Laws & Documentation etc.
Earlier (1988 to 1997), he was heading the Legal Department of the Shipping Credit & Investment Company of India Limited (‘SCICI’), a PFI specialized in shipping finance. He was part of team of structuring of shipping Finance and cross-border shipping transactions (including litigation), confined mainly to places/countries like Dubai, Muscat, Singapore, South Korea and China. He was part of Indian delegation (1995), which negotiated with Asian Development Bank, a line of credit for infrastructure finance. From 1997 to 2002, he held various positions in ICICI Limited and ICICI Bank including as Legal Head of Major Clients Group and Western Zone. Thereafter, he was entrusted with the responsibility to head the legal team of newly set up Stressed Assets Management Group. He was actively associated in setting up of an Asset Reconstruction Company, primarily to deal with non performing assets (NPAs) of Banks/FIs under the SARFAESI Act.
During the years 2002 to 2012 he was with Asset Reconstruction Company (India) Limited (‘Arcil’), set up jointly by diverse Banks/FIs (including SBI, IDBI Bank, PNB & ICICI Bank), as Executive Vice President & Group Head, Corporate Legal & Strategy. During his tenure with Banks/FIs, he was “Director” on several companies as ‘nominee’ of Banks/Financial Institutions.