Ex-officio

Birendra Kumar

MD. AIRC & Chairman, Association of ARCs

Mr. Birendra Kumar, Managing Director & CEO of International Asset Reconstruction Company Private Limited (IARC) has been a career banker with over 4 decades of rich and diverse experience in commercial, investment & international banking in India and abroad. He was the Deputy Managing Director & Chief Credit Officer of State Bank of India, the largest public sector Bank in India. Prior to that, he was the MD&CEO of SBI Capital Markets Limited for a period of over three years.
 Mr. Kumar has wide experience in the stressed asset sector, having been Advisor, Financial Advisory Services, PwC, Mumbai from 2002 to 2007 wherein he was instrumental in initiating and leading Business Recovery Services (Distressed Debt Advisory) practice of PwC in Mumbai. He was actively involved in advising ARCs on positioning strategy, formulation of business plan and operationalisation strategy and in developing policies and procedures.

Mr. Kumar has served on several Expert Groups set up by the Reserve Bank of India and Government of India. He was a Special Invitee nominated by RBI on the in-house working group set up to examine issues pertaining to development of market for asset securitization and for high level meeting convened by Government of India in January 2002 on setting up the first Asset Reconstruction Company. He was the member of the PwC team for undertaking a study on behalf of Asian Development Bank and Government of India to suggest regulatory changes for creating an enabling environment for successful functioning of Asset Reconstruction Companies in India.

Mr. Kumar was the member of Key Advisory Group set up by the Government of India to study and recommend measures to improve the functioning of ARCs. He was also the Member, CII, National Committee on Financial Markets, Chairman, CII Working Group on Asset Resolution & Restructuring Member FICCI’s Core Group on Insolvency. He was Member of Ministry of Corporate Affairs Working Group on operationalization of the Insolvency & Bankruptcy Code. He is currently the Chairman of Association of ARCs in India. He is also Chairman, ASSOCHAM, National Council on Asset Reconstruction.