Key Management

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. 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. Sanjay Babulal Chokshi
Chief Financial Officer


Mr. Chokshi graduated with First Class from the H.R. College of Commerce and is a Member of the Institute of Chartered Accountants of India (ICAI). He has also done a Diploma in Systems Audit from the ICAI, participated in a course on Direct Tax Avoidance Agreements organised by the Bombay Chartered Accountants Society and course on Foreign Exchange Management Act organised by the Chamber of Tax Consultants. He was a senior Partner in the Chartered Accountant Firm – D. R. Mehta & Associates. He brings with him a vast practice experience of more than 25 years in the field of taxation and finance including international tax and FEMA. He is also the Co-opted Member of Information & Technology Initiative Committee of Bombay Chartered Accountants Society and Vice Chairman of the Study Circle and Study Group Committee of Chamber of Tax Consultants.

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.