Phoenix ARC Private Limited ("Phoenix") is sponsored by the Kotak Mahindra Group, a leading diversified financial services group, to undertake the business of asset reconstruction. Kotak Mahindra Group owns 49.90% of the Equity Capital of the Phoenix and the balance is held by a diverse group of investors.
Over the last 25 years, the Kotak Mahindra Group has successfully nurtured several businesses like Investment Banking, Institutional Equities, Securities, Capital Market Financing, Corporate and Retail finance, Asset Reconstruction, Insurance, Mutual Funds and it enjoys a strong leadership position across all businesses wherein it has presence.
With a view to offer a wider array of products and services to the banks / financial institutions, the Kotak Mahindra Group has sponsored Phoenix to play a wider role in the Asset Reconstruction business.
Pursuant to Section 3 of the SARFAESI Act, Phoenix obtained its registration as a Securitisation Company and Asset Reconstruction Company, from Reserve Bank of India in June 2008. Up to March 2018, Phoenix has concluded more than 170 transactions comprising corporate, SME & retail pools of NPAs from various banks and financial institutions. In the last ten years, Phoenix has played a vital role in stressedassets market and has emerged as one of the leading ARC having acquired Non Performing Assets (NPA) from various banks and financial institutions in excess of Rs. 8,500 crores with the total outstanding dues of more thanRs.30,000 crores. Phoenix has developed business relationship with various banks and financial institutions. Phoenix's track record in resolving NPAs has been widely acknowledged in the asset reconstruction industry and stressed assets market. Phoenix has a dedicated team of professionals to optimise resolution results by unlocking the hidden value of NPAs. As of March 2018 Phoenix has AUM worth Rs. 6,788 crores. CRISIL a leading rating agency in India has assigned AA/ stable rating to Phoenix which signifies high credit quality and is the highest amongst any ARC in the country.