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Unlocking NPAs through Asset Reconstruction
 
   
 
 *Fees mentioned are exclusive of 10.3% service tax
Date  City Fees (Individual)
Outlook
Offline
Online
27th April 2010 Mumbai  Rs. 19,500*
   
   
Overview:
   
 

PEJI's “Unlocking NPAs through Asset Reconstruction” is a highly participative one-day forum. The programme provides a unique opportunity for banking/asset management/ corporate houses and other professionals to have a first-hand experience of asset resolution and reconstruction. It aims at providing useful insights on the application and use of different approaches to asset management. It will cover aspects such as, loan valuation and acquisition process, financial and corporate restructuring, work out programmes, asset backed security, international bidding and financial restructuring, along with case studies shared by ARCs, Banks and PEs.

This Forum attempts to address the various challenges in successful asset reconstruction such as, Delay in the resolution of assets; Restriction on foreign investments into ARCs; Monitoring; Power to take over the management of distressed companies; Multiple strategies to resolve distressed assets; Impacts of SARFESI Act; Delay in Declaring Distressed Assets; Shareholders' Consent for Loan Restructuring; Judicial Process; Moral Hazards; Absence of Special Services; Valuation and enable the participants for implementing successful reconstruction strategies. As a platform for networking with experienced industry practitioners, the event is a must-attend for ARCs, Banks, PEs, Intermediaries and Corporates that are seeking workable solutions for unlocking value.

   
   
 
Target Market
   
 
   
   
   
Target Audience :
 
 
  • Bankers (Legal, Recovery, Reconstruction, CXO)
  • Asset Reconstruction Professionals
  • Asset Management Companies
  • Private Equity/Venture Capital Investors
  • Corporate heads of Financial Institutions
  • CFOs of Healthy & Stressed Companies
  • Legal Advisors
  • Consultants
  • Capital Market Intermediaries
Top
Programme Schedule:
   
 

Tuesday, 27th April 2010

Time

Session

Topic

Faculty

08:00 AM

Registration

09.30 AM

Session 1

Overview: Part A
The scenario for NPAs
in India

  • Problems faced by banks in NPA Recovery
  • "SARFAESI Vs BIFR" - case study

B. Gopalakrishnan
President
Axis Bank

 

 

10.15 AM

Session 2

Overview: Part B
The scenario for ARCs
in India

  • Global experience on AMCs
  • Critical success Factors in Indian context
  • Risks/concerns in Indian context
  • Indian ARC experience
Neeta Mukerji
President & COO
ARCIL
 

 

11:00 AM

Tea and Coffee Break

11:30 AM

Session 3

Asset Acquisitions/aggregation, Valuation and Incentivisation of transfers

  • NPL Portfolio Transaction Experience
  • Key issues -valuation expectation gap, independent funding, FDI in ARC, Incentives for banks
  • Valuation of NPLs
Neeraj Garg
Executive Director PriceWaterhouseCoopers
 

12.00 PM

Session 3

 

Panel Discussion

Chair - Shashikant Bhojani, Partner, Amarchand & Mangaldas & Suresh
A Shroff & Co.

Neeta Mukherji, President & COO, ARCIL

Neeraj Garg, Executive Director, PricewaterhouseCoopers

B. Gopalakrishnan, President,
Axis Bank

Aparna Chaturvedi, President,
UTI/ASREC

 

01:00 PM

Session 4

Regulatory Reforms for Assets Reconstruction

  • Actions Required for Accelerating Deal Flows
  • Creditor's Rights: Global Vs Indian
Shashikant Bhojani
Partner
Amarchand & Mangaldas & Suresh A Shroff & Co.
 

 

01:30 PM

Networking Lunch

02:30 PM

Session 5

“Asset Acquisition: Expectation Gap between the Buyers and Sellers, Resolution and Realization”

  • Modes
  • Key Issues
  • Challenges

Aparna Chaturvedi
President
UTI / ASREC

 

 

03.45 PM

Tea and Coffee Break

04.15 PM

Session 6

 

“Breaking the Logjam and Unlocking Value"

  • Shortcomings in SARFAESI
  • The moral hazard problem
  • Legacy issues
  • Partnership between PE Funds & ARCs etc.
Rajiv Ranjan
President & CEO
Reliance Asset Reconstruction Limited
 

04:45PM

Session 7

Funding Option and Issues for Turnarounds

  • Can PE funds co-invest with specialised asset reconstruction companies to mutual advantage?
  • How big and attractive are the opportunities for taking secondary position in companies with distressed investors?
  • How do these opportunities come to the market and what risks do they present?
Venkattu Srinivasan
Business Head - Asset Reconstruction
Kotak Mahindra Bank
 

05.10 PM

Session 8

An LP's perspective on Distressed Opportunities in Real Estate and Private Equity” - Part A

  • What are the best ways for investors to invest into distressed assets in India? ARC's, NBFC's, Fund Structures?
  • What are the return expectations and how do they compare to growth equity on a risk / return basis?
  • What are the challenges of dealing with the promoters of distressed businesses?
  • What kind of guarantees / covenants are available and what is the enforceability?
Anand Sunderji
Advisor
Dickenson Associates
 

 

05.30 PM

 

 

“Current Market Scenario”   Part B

  • Types and Sources
    of Deal Flow
  • Options on Structuring
    and Exiting Distressed transactions
  • Financing Options and Limitations in the
    Current Scenario
  • Return Expectations on Transactions

Sanjay Hinduja
Director
KH Consulting Pvt. Ltd.

 
 

05.45 PM

 

 

Panel discussion 1
“Fund Raising- An LP's   Perspective”

Chair - Anand Sunderji, Advisor,
Dickenson Associates

Sanjay Hinduja, Director, KH Consulting Pvt. Ltd.

Venkattu Srinivasan, Business Head - Asset Reconstruction,
Kotak Mahindra Bank

Aparna Chaturvedi, President,
UTI/ASREC

 

06.10 PM

 

 

Panel Discussion 2
(Q & A)

Chair - Aparna Chaturvedi, President, UTI/ASREC

Rajiv Ranjan, President &
CEO, Reliance Asset Reconstruction Ltd.

B. Gopalakrishnan, President,
Axis Bank

Venkattu Srinivasan, Business Head - Asset Reconstruction,
Kotak Mahindra Bank

 

6:30 PM

Closing Day

   
Top
About the Faculties:
   
 
B. Gopalakrishnan
President
Axis Bank
 

Mr. B. Gopalakrishnan is a dynamic and result oriented legal professional with 3 decades of experience in legal areas encompassing Banking, Corporate, Capital Market and Business Laws & procedures. Currently, he is designated as President & Head of Law Dept and is heading the Legal Department of AXIS Bank Ltd, Mumbai. He has developed an in-depth understanding of matters related to Documentation, Structured finance, Mergers and Takeovers, Taxation Laws, Banking Laws, Suit Filings and Litigation, Civil and Criminal Laws, Recoveries of Debts, Documentation, of all types of loans and structured finances, IPR, Trade Marks and Copyright Laws, Corporate & Structured Finances. He is proficient in drafting legal documents and assisting senior legal professionals and appearing before courts and tribunals. Practical and business focused approach to achieve organizational goals & coupled with strong inter personal skills. He is adept at maintaining cordial business relationship with legal counsels/ senior counsels & external agencies and is an effective communicator with exceptional relationship management skills. Additionally, he is a known and admired speaker in many of the National & International Conference on various subjects as also a Guest Lecturer and a Visiting Faculty for many institutions on Banking Laws, Mergers and Acquisitions, Tax Laws in India. He independently appears before the Courts, Tribunals and represents the Bank in major tax related cases. He contributes to many professional magazines and newspapers and is a member legal and operational committee of Indian Banker's Association apart from a Faculty Member in many reputed Institutes.

   
   
   
 
Shashikant Bhojani
Partner
Amarchand & Mangaldas & Suresh A Shroff & Co.
 

Mr. S. H. Bhojani is a Partner in the Mumbai office of Amarchand Mangaldas since 2001. Prior to joining the firm, he has had a long and fruitful career with ICICI Limited (now ICICI Bank Limited) for almost 28 years, starting as a Law Officer and reaching the Board of Directors of ICICI Limited as Deputy Managing Director and General Counsel of ICICI Limited. As General Counsel, he was heading a department of more than 65 lawyers and was responsible for every aspect of legal matters of ICICI Limited. As Partner at Amarchand, he has been driving transactions in varied practice areas, such as, Corporate, including Capital Markets, both domestic and international, Securitisation, Debt Restructuring, Corporate Restructuring, Banking and Project Finance. He is involved in structuring transactions, suggesting business oriented solutions, planning strategy, negotiations review of documents and regulatory advice. His expertise and commercial insight are acknowledged by all relevant players in the financial market.

   
   
   
 
Neeraj Garg
Executive Director
PriceWaterhouseCoopers Private Limited
 

Neeraj is an Executive Director with PwC India (Mumbai office) with business recovery services being his key areas of focus. Neeraj has extensive experience in working with lenders, corporates, ARCs and NPA Investors. His key engagements include working with ADB/ Ministry of Finance in review of ARC framework as early as in 2002. Over the past few years, Neeraj has done extensive work in NPA transactions. While on sell side, he advised ICICI Bank, Bank of Baroda and Dena Bank on sale of their NPA portfolios, on buy side, he worked with a number of NPA investors in reviewing and evaluating NPA cases. Neeraj also has extensive business/ financial restructuring experience and has worked with both lenders and corporate on many restructuring engagements, including those on CDR platform.Neeraj's key clients in this area include multilateral bodies such as Asian Development Bank, World Bank, banks & financial institutions such as State Bank of India, Dena Bank, Bank of Baroda, ICICI Bank, IFCI Ltd, SIDBI Ltd, Deutsche Bank and Barclays Bank. Asset reconstruction companies like ASREC and Arcil are also included in his client list.

   
   
   
 
Aparna Chaturvedi
President
UTI/ASREC
 

Aparna Chaturvedi is a MBA with a well rounded 27 years of experience with Financial Institutions viz UTI AMC Ltd (Mutual Fund), ASREC (ARC) and PICUP (SFC). Aparna joined UTI in 1989 and was on deputation since 2005 to ASREC.  She has an exposure to the various facets of Finance and Management viz.  Mutual Fund Management   (Domestic and offshore), Raising Offshore Funds, Equity Research, Credit Rating, Project Financing, Private Equity Funding, NPA Management and Asset Reconstruction Company and so on. She has been dealing with NPAs since 2002 and is Founder Director of ASREC. She has also been on various committees constituted by Ministry of Finance, Association of ARCs and has received the coveted Chevening Scholarship of Common Wealth and British Council for a course at Manchester Business School.

   
   
   
 

Anand Sunderji
Advisor
Dickenson Associates

 

Anand was formerly the director of fund of funds of multi-billion dollar investment firm Guggenheim Partners. Guggenheim is one of the largest asset managers in the world with assets under management of more than $100 billion. Guggenheim's India fund of funds has about $100 million under management and its investments include many large Indian corporates. Sunderji joined three years ago as a director of the fund of funds operations at Thomas Weisel Partners in India, which was acquired by Guggenheim Partners in 2008. Prior to Thomas Weisel, Sunderji headed the Asian fund of funds operation for Adveq, where he was responsible for fund investments in India, China, Japan and Australia. Sunderji was also head of private equity and hedge funds at the World Economic Forum where he was responsible for projects in India and China. He initially worked as senior equity portfolio manager at INVESCO, managing an $850 million equity and derivatives portfolio.

   
   
   
 

Venkattu Srinivasan
Business Head - Asset Reconstruction
Kotak Mahindra Bank

 

A management graduate, cost accountant and alumni of London Business School, Mr. Venkattu Srinivasan has over two and a half decades of financial services experience. Currently, he heads the Asset Reconstruction and few more lending businesses of Kotak Mahindra Bank. He is on the Board of Pheonix Asset Reconstruction Company Limited, promoted by the Kotak Mahindra Group. One of his greatest achievements has been in pioneering the Non Performing Loans (NPL) business in India. He has set up the Asset Reconstruction Business of Kotak Mahindra Bank, which is the market leader in the business. Currently, he manages NPLs worth over US$ 1.3 billion of face value loans. He has executed the first cash NPL transaction deal in India. Restructuring and unlocking of value from several distressed assets have been done under his leadership. He is on the panel of Indian Bank Association to recommend changes in the guidelines of Non Performing Loans to Reserve Bank of India. On the lending side, he has set up the Alternate Lending business of the bank, which concentrates on new lending opportunities in the market place.

   
   
   
 

Rajiv Ranjan,
President & CEO,
Reliance Asset Reconstruction Limited

 

As President & CEO, Mr. Rajiv Ranjan is responsible for managing this asset reconstruction company of the ADA (Anil Dhirubhai Ambani) Group. Mr. Ranjan holds a B.E. degree in Electronics and a PGDBM in Finance from XLRI, Jamshedpur . He has handled critical assignments in the course of his three-decade long association with India's premier bank, the State Bank of India, with stints in Stressed Assets Management, Factoring, Project Finance, Corporate Finance, Global Cash Management, Clearing & Settlement, Product Development and International Operations. As Chief Operating Officer of SBI Factors & Commercial Services (P) Ltd., Mr. Ranjan implemented strategic directional changes in business, spearheaded acquisition of Company's largest competitor, Global Trade Finance Ltd., and served as a member on Reserve Bank of India 's “Working Group on Bank Finance to Factoring.” Transaction highlights of some of his other assignments are: Stressed Assets Management: highest ever single-account recovery in SBI (J K Synthetics) and second-highest realization from liquidation sale in the country (U P State Cement Corporation Ltd.); Project Finance: pioneered project finance in the Telecom sector with deals of Idea Cellular, Bharti, Tata Cellular and Tata Telecom; International Operations, SBI, Los Angeles: trade finance deal involving BSE and Tandem Computers Inc. Mr. Ranjan has published several articles on issues of topical interest to the banking & financial services industry, one of which accurately presaged McKinsey's Business Process Re-engineering (BPR) Plan for SBI by seven years.

   
   
   
 

Ranjeet Nabha,
Managing Director & CEO,
WL Ross India

 

Mr. Ranjeet Nabha is responsible for WL Ross' India initiatives. He is a Board Member of India Asset Recovery Management Limited (IARM) that advises on investments made in the areas of corporate turnarounds and restructurings in India by the India Asset Recovery Fund LP (IARF), WLR Recovery Fund III LP, and WLR Recovery Fund IV LP, amongst other WL Ross funds. He was instrumental in forging the alliance between WL Ross & Co. LLC (WL Ross) and Housing Development Finance Corporation Ltd. (HDFC), and helped raise the capital for IARF. In 2007, IARF, along with other investors, completed the acquisition of OCM India Limited (OCM), a leading textile company, and in 2008, invested in one of India 's leading low cost airlines, SpiceJet Limited. Mr. Nabha serves on the Board of OCM and is expected to join the Board of SpiceJet upon receiving requisite regulatory approvals.

Prior to joining WL Ross, Mr. Nabha was Chief Executive Officer & Chairman of Voicemate, a US-based venture-backed technology company focused on restructuring call-center operating costs via automation. Mr. Nabha was also a Vice-President at J.P.Morgan & Co. in New York where he advised US, European, Japanese and Indian companies on restructurings, mergers/acquisitions, capital raising and privatisations.

   
   
   
 

Sanjay G Hinduja
Director
KH Consulting Pvt. Ltd.

 

Mr. Sanjay Hinduja is the founder Director of KH Consulting, an investment banking firm specialising in stressed assets advisory and fund raising. KH also focuses on structured transactions, having advised and arranged financing for promoter funding, acquisition funding, real estate and structured transactions.

He has over 15 years of experience in M&A, capital markets and technology having worked in the US , Middle East and India . Sanjay has spent more than five years with Merrill Lynch in New York.

He is a graduate from Boston University with a degree in Economics and Psychology.

   
   
   
 

Neeta Mukerji,
President & COO,
ARCIL

 

Ms. Neeta Mukerji holds a Bachelors degree in Economics and has an MBA from the Indian Institute of Management, Calcutta . She has also completed the Wharton/RMA Advanced Risk Management program from the Wharton School , University of Pennsylvania . She is currently the President and Chief Operating Officer of Arcil. Ms Mukerji has 18 years of experience with India 's largest private sector bank viz. ICICI Bank Limited with multiple responsibilities spanning corporate banking, project finance, stressed asset management and risk management. She has extensive experience in assessing credit risk and structuring large complex financial transactions. During her tenure with ICICI Bank on several occasions she started new functions wherein teams were built and capabilities developed. She has played a key role in evolving the risk management policies and practices at ICICI Bank. She participated as ICICI Bank's representative on the Steering Committee set up by the Reserve Bank of India , for Basel II implementation in India . She enjoys senior level relationships with a number on India 's business houses. Her last assignment prior to joining Arcil was as Head – Global Credit Risk Management for ICICI Bank. Ms Mukerji has been with Arcil since October 2007 and has primary responsibilities for supervision of the operations of Arcil pertaining to acquisition and resolution of non performing loans.

   
   
 
   
Why Attend?
   
 
  • To address the various challenges in successful  asset reconstruction.
  • Enable the participants for implementing successful reconstruction strategies.
  • IVCJ's programmes have a healthy balance between theory and practice,
    making it easier for participants to apply new skills and knowledge
    back in the workplace.
 
 
Past Sponsors, Partners and Supporting Organizations:  
   
 
   
   
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Venue & Directions:
   
  Hotel Novotel - Mumbai - Juhu Beach
   
 
Directions: 
From the airport, drive west towards the Western Express Highway. Cross over the Andheri Flyover before turning right at S.V. Road. Turn Left at V.L. Mehta Marg, and then right at Juhu Road where you will find the hotel. The journey is about 8 km. The taxi fare from the airport is approximately INR 400
(one way).
 
  • Parking : Private indoor parking - Private outdoor parking - Private enclosed outdoor parking
  • Airport : CHHATRAPATI SHIVAJI
  • Railway Station : ANDHERI STATION
  • Click here for further details
 
Address:
Balraj Sahani Marg
Juhu Beach 
400 049 MUMBAI 
INDIA

Contact:
Tel (+91)22/66934444 
Fax (+91)22/66934455 
E-mail  h6926-re@accor.com
 
   

Located in the financial capital of Mumbai, the home of Bollywood and the heart of modern India, the modern four-star Novotel Mumbai Juhu Beach is ideal for business guests, as well as those on holidays. 

Situated on the beach overlooking the Arabian Sea, Novotel Mumbai Juhu Beach is just 20 km from downtown Mumbai and offers 203 rooms, each with a media hub for connectivity and entertainment, plus an array of restaurants and bars, a spa, swimming pool and health club.

Go to website

   
   
About the organiser:
   
  Dickenson Intellinetics 
   
 
Dickenson is one of India's leading providers and promoters of strategic conferences, professional training, in-Company training, b2b solutions and on-line information. Founded in 1999, the company now employs over 50 employees operating in Mumbai and London. Over the foreseeable future, the company endeavours to expand its service offerings and geographical coverage, both within and outside India.  

The company maintains the highest standards of quality and service in research, technology and product development. Their commitment to service and quality are the basis for their reputation as one of India's leading providers of business intelligence.
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Contact:
   
 

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Project Co-ordinator
Tel: 022-66276525 / 526
Mob: +91 9819335295 / 9833775955
Fax: 022-66276555
tanuja.khirade@dickensonmedia.com
hemang.jhaveri@vcindia.com

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Tel: 022-66276541
Mob: +91 9820288722
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manoj.saha@vcindia.com

   

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Tel: 022-66276541 / 534
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Accommodation enquiries

Tanuja Khirade

Project Co-ordinator
Tel: 022-66276525
Mob: +91 9819335295
Fax: 022-66276555
tanuja.khirade@dickensonmedia.com

   
   
   
*Disclaimer: Any changes in speakers or modifications of the programme shall not constitute reasons for a refund or cancellation. The faculties from our Knowledge Partners may vary from city to city.
   
 
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Look Who's Attending
 
S. Venkatesh
Deputy Special Situations Advisor
SBI Capital Markets
 

B. Gopalakrishnan
President
Axis Bank

 
Neeta Mukerji
President & COO
ARCIL
 
Shashikant Bhojani
Partner
Amarchand & Mangaldas & Suresh A Shroff & Co.
 
Neeraj Garg
Executive Director Pricewaterhousecoopers
 

Aparna Chaturvedi
President
UTI/ASREC

Rajiv Ranjan
President & CEO
Reliance Asset
Reconstruction Limited
 
Anshul Bhimjyani
Executive Director
Pegasus ARC Ltd.
 

Venkattu Srinivasan
Business Head - Asset Reconstruction
Kotak Mahindra Bank

 
Aluri Rao
Managing Director
Morgan Stanley Private Equity
 
Anish Teli
Executive Director
Morgan Stanley Private Equity
 
Kamal Khanna
Deputy (Special Situation Advisory)
D.E.Shaw India Advisory Services Private Limited
 

Mrinal Chandran
VP Legal
Clear Water Capital Partners Private Limited

 
Anand Sunderji
Advisor
Dickenson Associates
 
Sanjay Hinduja
Director
KH Consulting Pvt. Ltd.
 
Kshitij Gupta
Assistant Vice President
Reliance Venture Asset Management
 
 
 
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Knowledge Partners
 
 
 
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