Board of Directors
Chairman of Board and Independent Director
Mr. Sunil Kumar Chaturvedi is the Chairman of Gainwell Group – a group of Indian multinational corporates in engineering, manufacturing, and distribution of capital goods for construction, mining, defence, railways and material handling sectors with group footprints across Asia, Australia, US and Africa. The Group has its origin in 1944. A Chartered Accountant by training and a former civil servant in the Indian Administrative Service, he has worked in the State of West Bengal as well as in different ministries of the Government of India for 20 years. He is associated with CII, FICCI and Assocham and is a country member of FutureCoal® – an international alliance of corporates working in coal sector. Prior to his entrepreneurial journey with Gainwell since 2014, Mr. Chaturvedi worked for Bharat Forge Limited as its Executive Director & Chief Operating Officer in the Capital Goods Division for more than 5 years. Mr. Chaturvedi serves on the boards of various group companies in India and abroad including TIL Limited (TIL) and Gainwell Commosales Private Limited (GCPL) – as the CMD and on the board of Vesuvius India Limited (VIL) as an Independent Director.
Independent Director
Ms. Anjali Karamnarayan Seth is a professional lawyer with a vast experience of more than 35 years. During her career span she has provided advices and consultation to top Banks, Financial Institutions and Large Corporates, on a range of matters including M&As, PE Investments, Industrial/ Employee Relations, Corporate Governance, Real Estate Negotiations etc. Apart from being a legal consultant, Ms. Seth is Director on the Board of various Companies.
Independent Director
Mr. Praveen Garg is a former Indian Administrative Service (IAS) Officer with experience of more than three decades. He has served Government of India for more than 8 years in the Ministry of Law and Justice, Ministry of Finance and Ministry of Environment, Forest & Climate Change. Further, he has over 25 years of experience with the State Government of Madhya Pradesh holding key positions such as Secretary (Finance), Commissioner (Institutional Finance), Managing Director of MP State Industrial Development Corporation Limited, Managing Director of MP Trade and Investment Facilitation Corporation Limited, Revenue Commissioner (Bhopal Division) and District Magistrate (Jabalpur, Khandwa, Satna and Sidhi-Singrauli). Mr. Garg is a Commerce graduate from Delhi University and a Chartered Accountant. Further, Mr. Garg is Director on the Board of LIC Mutual Fund Asset Management Limited and Lemon Tree Hotels Limited.
Independent Director
Mr. Subodh Kumar Jaiswal is a retired Indian Police Service (IPS) Officer with extensive leadership experience in national security, law enforcement and organizational management. He began his journey in the Indian Police in 1985. In a career span of 38 years, he had served with distinction in command positions with organisations of the Government of India/Maharashtra State. Mr. Subodh Kumar Jaiswal has served in critical roles such as the Director of the Central Bureau of Investigation (CBI), Director General of Central Industrial Security Force (CISF), Director General – Maharashtra Police, Commissioner of Greater Mumbai Police and AIG and DIG, Special Protection Group, Government of India. Mr. Jaiswal holds the degree of Master of Business Administration (MBA) in Marketing from Punjab University, Chandigarh. Further, Mr. Jaiswal is an Independent Director on the Board of HDFC Life Insurance Company Ltd., Dreamcap Management Private Ltd., and Siemens Energy India Limited. He is also Senior Advisor at Deloitte Touche Tohmatsu India LLP and advisor at ArcelorMittal Nippon Steel India Limited.
Independent Director
Mr. Pradip Panalal Shah is a gold-medallist Chartered Accountant, Cost Accountant and MBA from Harvard, who helped establish Housing Development Finance Corporation, the first retail housing finance company in India; CRISIL, the first and largest credit rating agency in India; the Indocean Fund, a pioneer private equity fund, in partnership with affiliates of Soros Fund Management and Chase Capital Partners; the AMP-IndAsia India Fund, in joint venture with AMP of Australia; Universal Trustees; and Grow-Trees.com, a social enterprise. He has served on several expert committees of state and central governments and is currently chairman of Pfizer India, BASF India, director of many companies, sits on the governing boards of some non-profit organizations and a chamber of commerce and serves on the investment committees of two venture funds and on the advisory boards of two other funds.
Sponsor Director
Mr. Manish Jain has an extensive experience of over 2 decades in investment industry with significant knowledge and track record in sourcing, analysing, advising, asset resolution and real estate investments. He is an expert at managing deals across sectors including consumer, cement, auto component, financial services, manufacturing, hospitality, real estate, infrastructure, steel and power. As Partner and Head of India at Ares Asia Group, he ensures implementation of the group’s vision through professional due diligence and underwriting standards in the team’s investment advisory process and is responsible for identifying, analysing and assisting in execution of investments in India. Mr. Manish Jain has done Post Graduate Diploma in Management from Indian Institute of Management, Ahmedabad. He is on ACRE’s Board of Directors where he shares his expertise in asset restructuring, modelling, valuations, etc. to help the company grow.
Sponsor Director
Mr. Kartik Bangalore is President and Head of Conglomerates and Large Corporates at Axis Bank. He is a career banker with over 23 years of experience in wholesale banking in India. During this period, he has advised and helped corporates in India raise over $20bn in financing across loans, debt & equity. Prior to his role in Axis Bank, he was Managing Director - Corporate Banking & Head of Local Corporate Banking at Citibank, India. Mr. Kartik is a graduate in Commerce from Shri Ram College of Commerce, Delhi and is a Chartered Accountant.
Chief Executive Officer & Whole Time Director
Mr. Chandan Churiwal is Chief Executive officer and Whole Time Director at ACRE. He has an experience of over 18 years in buying and resolving stressed financial assets. At ACRE, he has been instrumental in addition of new AUM of more than 20,000 Crore and recoveries of more than 17,000 Crore. Prior to joining ACRE, he was working with Standard Chartered Bank (SCB), where he was managing a stressed asset book of ~USD 1bn spread across power, sugar & telecom sectors and was closely involved in multiple exits for the bank. Prior to SCB, he has worked with Yes Bank, Asset Reconstruction Company (India) Ltd. and ICICI Bank. He is an MBA from Indian Institute of Management, Bangalore.
MANAGEMENT TEAM
Alok Viraj Gupta
Chief Financial Officer
Mr. Alok Viraj Gupta is the Chief Financial Officer of ACRE. Prior to joining ACRE, he has worked in companies like Xerox Modi Corp, GE SBI cards, Reliance Industries Ltd and Amsure Insurance Agency. He is a qualified Chartered Accountant from the Institute of Chartered Accountants of India and also holds a Bachelor of Commerce (B.Com Hons) degree from Delhi University. He has over 27 + years experience of working in companies in various domains viz. manufacturing, credit cards, financials services & insurance.
Mohd. Shariq Malik
Company Secretary & Chief Compliance Officer
Mr. Mohd. Shariq Malik is Commerce and a Law graduate and an Associate member of Institute of Company Secretary of India. He has a varied experience in corporate and recovery laws, corporate and transaction advisory, distressed assets & special situation investments, corporate restructuring and structured financing. Presently, he is the Company Secretary, Chief Compliance Officer and Grievance Redressal Officer of the Company. He is also heading the Corporate Social Responsibility of the Company.
Manish Mohnot
Chief Risk Officer
Mr. Manish Mohnot is Chief Risk Officer at ACRE. He has 24 years of work experience in the BFSI Industry. Prior to joining ACRE, he was associated with National Asset Reconstruction Company Ltd. as part of their Risk & Compliance Team. He has also been associated with companies like Asset Reconstruction Company (India) Ltd., IndusInd Bank & ICICI Bank etc. Mr. Manish holds a Chartered Accountant (CA) degree from The Institute of Chartered Accountants of India.
Shubhra Tewari
General Counsel
Ms. Shubhra Tewari has over 14 years legal experience in the Indian financial services sector. Before joining ACRE, Shubhra worked as in-house counsel at JPMorgan, advising their investment banking and corporate banking businesses in India. Shubhra trained at Cyril Amarchand Mangaldas in their Mumbai office, spending 10 years advising Indian and foreign financial service entities and companies on varied financing and corporate matters. She graduated from National Law School of India University, Bangalore in 2006 with a B.A. LL.B. (Hons.) degree.
Amit Kedia
Head - Asset Management
Mr. Amit Kumar Kedia is a Chartered Accountant with more than 21 years of work experience spanning across both Corporate and Banking sector. He has handled diverse roles which include Investment Banking, M&A, Financial Planning, Investor Relations, Investment and Resolution of Distress Assets. Currently, he brings his extensive expertise as Head Asset Management at ACRE.
Before joining ACRE, Amit held key positions in renowned organizations such as Standard Chartered Bank, Arcil, Kotak Mahindra Bank, Marico Ltd., and Eveready Industries.
Amit’s credentials extend beyond his expertise a Finance professional, he is also a certified Coach from the NeuroLeadership Institute (NLI), underscoring his commitment to leadership and professional development.
Shivam Tekriwal
Head - Retail
Shivam Tekriwal holds a Bachelor in Technology degree from IIT Roorkee and has over 18 years of experience managing various facets of Retail ARC business. He has previously worked with leading ARCs and Banks such as Edelweiss ARC, Arcil, ICICI Bank where he handled diverse roles like Strategy & Analytics, Acquisitions, Resolutions, Raising debt etc.
At ACRE, he is SVP and Retail - Head, who leads the effort in building Retail Acquisition and Resolution infrastructure.
Amarendra Mulye
Head - Mid Office & Operations
Mr. Amarendra Mulye is Vice President and heads the Mid Office and Operations at ACRE. He has an experience of over 20 years in Stressed financial Assets and Banking sector. Prior to joining ACRE he was associated with Asset Reconstruction Company India Ltd. (Arcil), where he worked in the resolution function of large and mid-sized corporate portfolio and Risk & Compliance. He was also appointed as Company Secretary of Arcil in 2012. Prior to Arcil, he has worked with ICICI Bank in the Credit Mid-Office and with Godrej & Boyce in the Finance Department. By qualification, Amarendra is a Chartered Accountant and Company Secretary.
Ananda KC
Head - Information Technology
Mr. Ananda KC is a Vice President & Head IT at ACRE. He is an IT professional with over 17 years of experience in the Banking Industry & Financial Services sector. He has a rich experience as techno-functional professional in the field of digital transformation, ERP, CRM, BI, Migrations, Merger & IT security projects. Prior to joining ACRE, Ananda was associated with Asset Reconstruction Company India Limited (Arcil), Where he set up Retail Loan management platform on Oracle Cloud Infrastructure (OCI) and led the software project management for corporate Business systems. Prior to Arcil, he has worked with Data centre of Centurion Bank of Punjab (CBOP), Gurgaon. By profession, he holds a Master degree in Computer Applications (MCA) from the Gulbarga University, Karnataka. Additionally, he is a Certified Project Manager & qualified Oracle Database Professional.
Priyanka Kapoor
Head - Human Resources
Priyanka Kapoor is a dynamic HR professional with over 17 years of expertise in shaping and driving people strategies for high-performing organizations. She has an experience across verticals such as talent acquisition, performance management, organisation development, engagement, and training. She has held key roles at prominent organizations, including ECL Finance Ltd, Mizuho Global Services, Avanse Financial Services, HDFC Asset Management, ING Investment Management and RBS Business Services, where her strategic leadership delivered impactful results. She has graduated with a Bachelor of Mass Media degree from Mumbai University and has completed her Post Graduation in Human Resource Management from Welingkar Institute of Management. She has further enhanced her expertise through the Global Senior Leadership Programme (CHRO Specialization) at the Indian Institute of Management, Lucknow. With her strategic vision and people-focused leadership, Priyanka continues to build organizations that thrive in a competitive, dynamic environment.
Key Managerial Personnel (KMP)
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