ARCIL looks to increase return on assets to over 10% in next 3 years

With a gradual improvement in the environment for recoveries, asset reconstruction firm ARCIL is working to increase its return on assets to over 10 per cent over the next two-three years, from 6.7 per cent in FY19. 

The firm has also started purchasing some assets with Avenue Capital as a co-investor. US-based Avenue is now the single-largest investor in ARCIL, with about 25 per cent stake. Banks like SBI, IDBI and PNB are key stakeholders in the firm.

In FY19, Avenue India Resurgence (part of Avenue Capital Group, a global investment firm focused on distressed and undervalued debt and equity opportunities) acquired