Distress Asset Specialist Private Limited

About the Business

Distress Assets was founded in Oct 2013 by Aalok Dave along with a profound team of professionals from the ARC and banking background. The company offers specialized services in the area of NPA Management for Banks and Financial Institutions.

Experienced in handling large/medium/SME portfolios for Resolution, the team consists of mix of MBAs, CAs, Lawyers & Retired Bankers, with experience in working with Arcil, IARC, UV ARC & Leading Public Sector Banks.

Our Products & Services

Resolution of NPAs

End to end solutions for Banks and Financial Institutions for Resolution of NPAs Developing and Implementing Resolution Strategy for maximizing recovery and minimizing time to realization
Negotiation with borrowers/guarantors
Identification of strategic investors/working capital investors/buyers for non-core assets of borrowers
Pursuing legal action against borrowers/guarantors
Due diligence of personal properties of promoters/guarantors/group companies/sister concerns of borrowers

Revival of Stressed Companies

Identification of strategic investors/working capital investors
Comprehensive study/discussions for determination of existing financial and operational issues.
Analyze the data, prepare business and cash flow projections of the company and formulate restructuring proposal for Banks/ARCs.
Identification of buyers for non-core assets for unlocking the value for the Promoter/ Bank
Explore various other options/structures for exit to the Banks/ promoters/borrowers after examining the details of the case.

Management Team

Nimesh Kanabar

Position: Vice President, Founding Member

MBA with 8 years of experience in distressed debt management and capital markets sector.

Ramdas Naidu

Position: Director, Founding Member

MBA with 20 years Industry Experience of which 4 years of experience in NPA resolution.

Prateek Tayal

Position: Director

MBA Finance from SP Jain School of Global Management and has done under graduation from NMIMS.

Rahul Parekh

Position: Asst Vice President

Master in International Business (United Kingdom) and has done under graduation from Symbiosis Pune. He has work experience of 2 years in real estate financing.

Pratibha Upadhyay

Position: Manager

MBA (Finance) from ICFAI with 3 years of work experience in Distress Asset Space, investment, due-diligence, resolution strategy formulation and implementation.

Neelam Tanvar

Position: Manager

MBA (Finance) from Rohtak with 2 years of work experience in Distress Asset Space, investment, due-diligence, resolution strategy formulation and implementation.

Prafful Madawale

Position: Manager Legal

LLB from Pune University with 6 years of work experience in NPA Resolutions, Legal Law & Order, Civil Matters & Arbitration Matters .

Regional Heads

Shri. Tej Singh

Position: Resolution Head (North)

B. A and CAIIB with more than 31 years of experience with Allahabad Bank.

Shri. Giridhar Rao

Position: Resolution Head (Andhra & Telangana)

Experience of 29 years of State Bank of India with expertise in Credit Risk Assessment, Post Sanction Process and more, by sale of assets to ARCIL .

Shri. Radhakrishnan

Position: Resolution Head (Mumbai Region)

More than 30 years of experience with Bank of Maharashtra in various departments including 5 years in NPA Recovery.

Prafful Madawale

Position: Manager Legal

LLB from Pune University with 6 years of work experience in NPA Resolutions, Legal Law & Order, Civil Matters & Arbitration Matters .

Shri. T. R. Raghavan

Position: Resolution Head (Tamil Nadu)

Over 30 years of experience in Central Bank of India and handled NPA by negotiating settlement, Sarfeasi Action, initiating suit and follow up thereof, scrutiny.

Principal Advisor

Aalok Dave

Position: Founding Member

CA and LLB (Gen) with total 13 years of experience in Stressed Assets Management and associated with the ARC sector since its inception.

Shri. Ravindra Velankar

M.Com, D.B.M, CAIIB, G.C.D who worked as an advisor for Arcil for 5 years and is now associated with DASPL since its inception.

Contact the Business

Corporate Offices:

Ramdas Naidu


2101, Naman Midtown,
“A” Wing 21st Floor,
Senapati Bapat Marg,
Elphinstone Road (West),
Mumbai – 400 013


+91 22 40273798
+91 9920341461


contactus@daspl.co.in


www.daspl.co.in

Regional Offices:
Maharashtra

Sr. No 209, Samhaji Nagar,
Colony Number 8, Alandi Road ,
Bhosari Pune 411 039, Maharashtra


+91 7972612834


prafful@daspl.co.in

Hyderabad

Flat No. 1604,
16th Floor, Babukhan Estate
Basheerbagh Hyderabad, Telengana


+91 7702257771


giridhar@daspl.co.in

North

Office no.1111 &1111- A 11th Floor,
Antrikash Bhawan, Connaught Place,
New Delhi -110001


+91 9899697606


tejsingh@daspl.co.in

Tamil Nadu

IT Financial Services, Mashkur No-1,
Krishnama Road,
Chennai


+ 9962532866


raghavan@daspl.co.in