About Us

SETTING BENCHMARKS OF EXCELLENCE

JM Financial Asset Reconstruction Company Limited is an Asset Reconstruction Company, registered with the Reserve Bank of India (RBI), under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. We are engaged in the business of acquiring non-performing financial assets from banks / financial institutions and resolving them.

Our business forte comes from our professionally managed team, high capital base and tailor-made acquisition and resolution strategies, which have enabled us to become one of India’s leading asset reconstruction companies. The team at JM Financial Asset Reconstruction Company believes in strong corporate governance, work ethics and transparency in all its dealings. Enhancement of value for originator banks / financial institutions, security receipt holders, banking sector, foreign portfolio investors and the economy as a whole, is the resolute aim that all our business activities are focused on. We believe in offering tailor made resolutions to distressed borrowers, through innovative and solution oriented approach.

We have been continuously unlocking the hidden potential of distressed accounts by turning around assets from a distressed to a standard state.

Chairmans Message

V. P. SHETTY
The Company’s philosophy is based on an effective, independent Board and the separation of the Board’s supervisory role from the management. We believe that our operations and actions must serve the underlying goal of enhancing overall stakeholders’ value. Our vision is to be the most trusted partner for every stakeholder, to demonstrate the highest level of accountability, maintaining the highest standard of transparency ensuring compliance with the applicable acts, laws, rules and regulations and conduct business in the most ethical manner. Our income and profits have reached new peaks in the past few years. In the recent years, we have achieved a robust growth and stable profitability. Since inception, we have effectively commissioned our asset reconstruction services and have emerged as one of the leading players in India’s dynamic asset reconstruction space. We will continue to work diligently in acquiring financial assets. We will also continue with our efforts to work closely with Banks/Financial Institutions and distressed borrowers and provide support and guidance to bail them out from their stressed state of affairs.

Shareholders

Sponsor Shareholders


  • JM FINANCIAL LIMITED
  • MR. NAROTAM S. SEKHSARIA
  • RADHAKRISHNA BIMALKUMAR PVT. LTD.

Non-Sponsor Shareholders


  • INDIAN OVERSEAS BANK
  • UCO BANK
  • UNION BANK OF INDIA
  • VALIANT MAURITIUS PARTNERS FDI LIMITED

Memberships

Auditors and Trustees

Statutory Auditors

Deloitte Haskins & Sells LLP
Indiabulls Finance Centre Tower 3, 27th – 32nd Floor
Senapati Bapat Marg Elphinstone Road (West)
Mumbai – 400 013

Internal Auditors

M/s. Aneja Associates
301, Peninsula Towers Peninsula Corporate Park
Ganpatrao Kadam Marg Lower Parel
Mumbai - 400 013

Debenture Trustee

Vistra ITCL (India) Limited
The IL&FS Financial Center Plot No. C–22, G Block,
Bandra Kurla Complex, Bandra (East),
Mumbai - 400 051.
Tel: +91 22 2659 3042; Fax: +91 22 2653 3297
E-mail: vihang.chavan@vistra.com

SBICAP Trustee Company Limited
6th Floor, Apeejay House, 3, Dinshaw Wachha Road,
Churchgate, Mumbai 400 020
Tel: + 91 22 4302 5555 Fax No: + 91 22 2204 0465
corporate@sbicaptrustee.com
Website: www.sbicaptrustee.com
Contact Person: Mr. Prashant Joshi