Arcil appoints Aswini Sahoo as Chief Investment Officer
Mumbai, November 6, 2019
Arcil, India's pioneer asset reconstruction company, today announced the appointment of Aswini Sahoo as its Chief Investment Officer.
Sahoo will be responsible for boosting asset acquisition at Arcil, a press release from the company said.
The release said Sahoo has nearly two decades of experience in Infrastructure Finance, International Stressed Assets, Special Situation Funds and expertise in investment across capital structure of Indian corporates.
Prior to joining Arcil, he was Senior Vice-President in the role of Investment Director with Edelweiss Special Opportunities Fund. Prior to that he has worked at various leadership roles at Samena Capital, Srei Alternative Investment, Clearwater Capital and Vedanta Resources. He started his career working for eminent brands like ICICI Bank and ABB India.
Sahoo holds BE (Mech) degree from NIT (then REC), Rourkela, where he topped his class and PGDBM from IIM, Bangalore. At Arcil, he will report into Vinayak Bahuguna, CEO & Managing Director, Arcil.
"We are pleased to welcome Aswini as our CIO. Aswini brings comprehensive expertise in alternate asset investing and entrepreneurial ecosystem to the management team. I am confident he will make substantial impact in our evolution as a value-added asset reconstruction company," Bahuguna said.
In March 2019, Avenue Capital joined Arcil as its new Sponsor Shareholder. The US based, $10 billion Distressed Debt and Credit investor acquired 25.03% shareholding from existing shareholders as on date.
Founded in 2002, ARCIL currently manages an AUM of Rs. 12,000 crore in non-performing loans. With presence in nine Indian cities and a team strength of 230, Arcil ranks among the largest players in the Indian NPL sector, serving the Corporate, SME and Consumer/Retail segments. Its shareholders include Avenue Capital, SBI, IDBI, PNB, ICICI and several other leading domestic and international investors including GIC.
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