JM ARC plans to double assets under management over the next 24 months

The new business plans can involve replacing the stressed or defaulting firms' existing management with reputed industry professionals

JM Financial Asset Reconstruction Company (JMFRAC) plans to double its assets under management (AUM), presently at Rs 130 billion, over the next 18 to 24 months. 

In FY18, the company restructured four companies and has around 10 large companies under its management. Turnaround plans and strategies are being put in place for these companies. 

JMFARC has taken over the management of companies in the pharmaceutical, steel, finance and real estate sectors, and prefers deals wherein they can take over 100 per cent of a stressed/defaulting company’s debt obligations.  

To back the growth plans of ARC, JM Finance, its parent company,