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Rbi Approves Mythili Balasubramanian As Interim Managing Director and CEO of Edelweiss Asset Reconstruction Company
PRIVATEMar 20, 2025•about 1 year ago
Position
Chief Executive Officer
Company
Edelweiss Asset Reconstruction Company
Mythili Balasubramanian
Financial Services
Description
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. 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. The Company is committed to conducting a structured and transparent selection process and will keep stakeholders informed on the progress.
Company Information
Company
Edelweiss Asset Reconstruction Company
About
Edelweiss Asset Reconstruction Company (EARC) has consistently demonstrated industry-leading capabilities in distressed asset resolution. It 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. The company is evaluating potential opportunities in the international stressed assets market and may consider going public in the next 3 – 5 years.
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