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Key Management
Mr. Manish Motilal Lalwani
Mr. V V S Ravindra
Mr. Ajeet Nandkishore Taparia
Mr. Vipul Patel
Mr. Srinivasa Rao
Mr. Manzar Abbas
Mr. Vishal Saparia
Mr. Manish Motilal Lalwani
Managing Director & CEO
Mr. Lalwani holds a Master’s Degree of Commerce from the Gujarat University and is also a Chartered Accountant. He has over 15 Years of experience in Distressed Assets and Financial Services Business. Mr. Lalwani has been instrumental in setting and scaling up Omkara ARC’s Operations. Prior to being the Managing Director & CEO of Omkara ARC, he was the founder director of the Areion Group - providing various services related to advisory of Stressed Assets, Insolvency Professionals, and Asset Management Company (Fund). He has driven various deals and enjoys good relationships with financial institutions and Investors. Early in his career he has worked across sectors viz. Iron & Steel, Real Estate, Hospitality, Educational, Health, Textile, and Automotive, as part of corporate restructurings and special situations.
Mr. V V S Ravindra
Chief Risk Officer
Mr. V V S Ravindra has about 30 year Banking experience and he retired as Chief General Manager [CGM], NPA Management Group, IDBI Bank in 2024. His experience is IDBI Bank has been in various functions such as NPA Management & Resolution (9 Years), Risk Management (5 Years), Infrastructure & Corporate Financing (10 Years), Merchant Banking/ Corporate Advisory/Loan Syndication (5 Years) etc. The brief profile of Shri Ravindra is attached at Appendix-III. Presently Shri Ravindra is working as Chief Risk Officer [CRO] at Omkara ARC.
Mr. Ajeet Nandkishore Taparia
President & Chief Operating Officer
A distressed asset investment professional having qualifications viz. Chartered Accountancy, Master of Commerce and Bachelor of Law. Ajeet also holds with him experience of more than a decade of domain knowledge. Having demonstrated track record of investment management, structuring and exits with leadership capabilities in organization building.
Prior to joining Omkara ARC as President & Chief Operating Officer, he was associated with one of the largest platforms for stressed assets investing in India at JM Financial Group as Senior Vice President. His experience at the senior management covers both business development and resolution of stress accounts. He has broad and diversified insights in all functional areas of banking such as Investments, Recovery, Operations, Corporate Banking, Project Appraisal, Resources, etc with major strength and experience in resolving stress assets.
He has handled many large stressed groups / accounts including several operating units during his prior stint with JM Financial ARC and Invent ARC. Have successfully led team of professionals in highly competitive situation to achieve organisational goals.
Mr. Vipul Patel
Chief Financial Officer
Mr. Vipul Patel as Chief Financial Officer of the company, profession by Chartered Accountant, had more than 25 years of experience in Accounts, Finance, Audit, Taxation and fundraising. He has more than 15 years of experience in the financial service sector. Previously he was a CFO of Indian School Finance Company providing loans to educational institutions in tier 2 and tier 3 cities and Manappuram Home Finance Limited providing affordable housing loan segment. He is also part of the treasury team of Manappuram Finance Limited. He had also experience of more than 10 years in working with manufacturing organization.
Mr. Srinivasa Rao
Chief Recovery Officer
Mr. Srinivasa Rao holds a professional degree in Management from the T.A. Pai Management Institute and has more than 29 years experience in IDBI Bank Ltd. During his career with IDBI Bank, he handled the portfolios in the areas of project appraisal and credit monitoring, resolution of stressed accounts, Recovery/NPA management, Retail Banking & Resource mobilization. He is having vast experience in resolution of stressed accounts in all domains i.e Restructuring under RBI guidelines, BIFR, IBC and recovery through SARFAESI, DRT and Liquidation routes. He instrumental in formulation of the restructuring package for the revival NTC Mills under BIFR regime. He retired as General Manager, IDBI Bank Ltd in August 2023.
Mr. Manzar Abbas
Chief Legal Officer
Mr. Abbas has completed his Bachelor of Legislative Law with Honours. He started his practice in Bombay high court in 1985. Mr Abbas joined Bombay Mercantile Co-Operative Bank as a Law Officer and was associated with them for 25 years and rose to the position of Legal Head. Subsequently, he joined India SME Asset Reconstruction Company as Legal Head and was with Pegasus Asset Reconstruction Pvt. Ltd, where he held the position of Vice President and Group Head managing account size of Rs. 4000 crores.
Vishal Saparia
Company Secretary
Mr. Vishal Saparia is qualified Company Secretary with experience in the area of Secretarial and Compliance. He is also a Law graduate from Jitendra Chauhan College of Law, Mumbai University. Before joining Omkara Asset Reconstruction Company he was working with CDSL.