EARC Plans Growth in Stressed Asset Market with New Leadership

Edelweiss Asset Reconstruction Company (EARC) is pleased to announce that the Reserve Bank of India (RBI) has approved its proposal to appoint Mythili Balasubramanian as the Interim Managing Director and Chief Executive Officer, effective immediately, till September 30th, 2025.

Mythili has been an integral part of EARC for nearly 5 years and has over four decades of experience in banking, NPA resolution, and the Insolvency and Bankruptcy Code (IBC) processes.

In line with the commitment to ensure a seamless transition in leadership, the Board of Directors has constituted a Search Committee to oversee the identification and selection process for the next MD & CEO. To ensure a comprehensive and high-calibre selection process, the Search Committee has appointed Korn Ferry, a globally renowned executive search firm, as its search partner. The Company is committed to conducting a structured and transparent selection process and will keep stakeholders informed on the progress.

EARC has consistently demonstrated industry-leading capabilities in distressed asset resolution. It has nearly INR 28,000 crores of assets under management and has successfully recovered more than INR 55,000 crores including upside to the security receipt holders to the extent over INR 7500 crore, over last 8 years showcasing its deep expertise in turnaround strategies.

The Company is focused on strengthening its service-based income portfolio, including platform driven deals, fee-based income, and proactively collaborating with banks and financial institutions for the acquisition of stressed assets. Leveraging its deep expertise in acquiring and resolving stressed financial assets, the Company is well-positioned to maximize recoveries. The dedicated and experienced team has successfully executed resolution strategies that have led to substantial recoveries and, in certain cases, over-recoveries from acquired assets.

Looking ahead, EARC is evaluating the potential opportunities available in the international stressed assets market and may also consider going public in the next 3 – 5 years. With its strong foundation, dynamic leadership, and commitment to innovation, the company is poised for sustained growth in the evolving distressed asset segment.