Suraksha ARC has acquired debt of more than 1300 accounts of around Rs. 6,500 crore at an acquisition price of Rs. 4,500 crore.

Deals are acquired from two sources:

• Public auction by banks and
• Bilateral Deals or limited auction

Before acquiring any stressed asset a detailed due diligence is conductedafter which it is presented to board for approval, deal is acquired as per acquisition policy.

Due Diligence conducted by Suraksha ARC involves:

• Understanding of the reasons for stress
• Complete due diligence on status of Financial, Legal & other commitments
• Arriving at Present value of underlying assets
• Framing resolution strategy for revival and maximising recovery

Suraksha ARC focuses on revival of the projects through restructuring by following ways:

• Restructuring of debt in line with the business cash flows expected from the business during revival of the assets
• Infusion of additional funds for revival/ working of the operations of the assets/ projects acquired.
• Deploying ARC's own technical team for monitoring or managing the operations of the projects to have control of the operations of the companies/ assets acquired.
• Becoming joint signatories to monitor the fund flows of the company
• Focus on increased profitability with margin expansion
• Ensuring revival through continual monitoring & corrective actions
• Increasing efficiency through operational measures and optimizing unit/project cash flows
• Selling of non-core assets to realise untapped value in core assets.

Mrs. Usha Anil Kadam, B.Com, FCA, ACS, LL.B, DISA (Diploma in Information System Audit), is currently the proprietor of N. Varma & Associates, a Chartered Accountant Firm in Mumbai.
She started her career in 1997, where she was associated with N. Varma & Associates, a leading firm of 30 year vintage. During which time specialized in area of Corporate Law, FERA/FEMA, Direct Tax consultancy and conducting statutory audits of companies in the finance industry.
From 2000 to 2001 she was associated with Narkar & Associates, another Chartered Accountant Firm and specialized in internal audit of various multinational companies.
In 2002, she became partner in N. Varma & Associates. She also specializes in handling litigation matters in direct taxes, and special audits allotted by Income tax department and advisory on various issues in taxation and finance.
She became proprietor of the firm, N. Varma & Associates in the year 2015.

Mr. Sudhir V. Valia is the Director of Sun Pharmaceutical Industries Limited, world’s fifth largest generic pharmaceutical company. Mr. Valia is a Member of the Institute of Chartered Accountants of India and carries on more than three decades of experience in taxation and finance. Mr. Valia has won CNBC TV18’s CFO of the Year award in the Pharmaceutical and Healthcare Sectors for two consecutive years (2011 and 2012). He has also been awarded the Adivasi Sevak Puraskar (2008-09) by the Government of Maharashtra for his contribution towards the welfare of tribals.

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.

Mr. Aravamudan Krishna Kumar is B.A. (Hons) in Economics from Delhi University Certified Associate of the Indian Institute of Bankers (CAIIB). He has had a long and distinguished career of 39 years at State Bank of India. He served as the Managing Director of the State Bank of India for the period April, 2011 - November, 2014.
He has also been on the Board of several reputed companies such as Central Depository Services (India) Limited, Andhra Bank, Rural Electrification Corporation Limited, SBI Life Insurance Company Limited, SBI Commercial and International Bank Limited, SBI Cap Securities Limited, SBI General Insurance Company Limited, SBI Cards and Payment Services Limited to name a few.
At present he is a professional/Independent director on the Board of several companies such as SBI Payment Services Private Limited, MTAR Techonologies Limited, Sathguru Catalyser Advisors Private Limited, TVS Wealth Private Limited to name a few.

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.During the years 2002 to 2012 he served as Executive Vice President & Group Head, Corporate Legal & Strategy, ARCIL.