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Financing solutions to MSMEs, SMEs, developers, and corporates.
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ABOUT US
An NBFC empowering SMEs, MSMEs, corporates with innovative financial solutions.
SME/MSME LENDING
Fastrack your business growth
REAL ESTATE & URBAN INFRA
Tailored financing solutions fulfilling capital requirements of real-estate and urban infra businesses
SYNDICATION
Structured financial solutions with distribution/arranging capabilities
CORPORATE LENDING
Bespoke financing solutions for mid-to-large sized corporates
PERSONAL LENDING
Personal loans at Arka are digital, seamless and paper free
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PRODUCTS
SME/MSME LENDING
Arka Fincap helps your business meet all the financial requirements and scale the heights of success with our convenient and quick to access SME Loans. With an SME loan, you can invest in your firm's infrastructure, meet working capital requi...
REAL ESTATE & URBAN INFRA
We provide capital infusion, in part or totality, to augment the real estate and infrastructure development in India. Our technology-first approach ensures that our distinguished clients experience an end-to-end seamless process.
SYNDICATION
AFL’s Syndication team closely works with the clients to meet their specific debt financing needs. We provide holistic solutions to corporate clients for project finance, capital expenditure, general corporate requirements, last mile financin...
CORPORATE LENDING
Arka offers funding to mid and large sized corporates in various cycles of growth, right from early stage equity to late stage debt. Arka offers customized solutions to corporates to meet their fund requirements (at holding company and operat...
PERSONAL LENDING
Personal loans, at Arka, are digital, seamless and paper free. They have fixed interest rates & tenure, and you can avail it without providing any collateral. We provide loans for a margin funding for home buyers. Eligibility parameters are...
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WHO WE ARE
Arka Fincap Limited is a customer-focussed, digitally enabled, systemically important Non-Banking Finance Company (NBFC). We provide secured and unsecured financing solutions to MSMEs, SMEs, developers, and corporates. An RBI-licensed company, Arka was founded in 2018. We pride ourselves in offering innovative financing solutions that enable our customer’s businesses by providing them with growth capital.
Arka has a borrowing of Rs. 2265 Cr from public sector units (PSUs), large private banks, small finance banks, fund houses and others. The AUM stands at Rs. 3960 Cr with the retail AUM increasing to 29%. (All these statistics are as of March 2023)
Crisil has assigned Arka a rating of AA (-) for the long-term borrowings and A1 (+) for the short-term borrowings.
Arka is currently present in 17 cities across West, South and North regions in India and has 300+ employees across all branches.
Arka is a subsidiary of Kirloskar Oil Engines Limited (KOEL).
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BOARD OF DIRECTORS
VIMAL BHANDARI
Mr. Bhandari spearheads the financial services business for the Kirloskar Group under the name Arka. He is the Executive Vice Chairman and CEO at Arka Fincap Limited and is responsible to drive the end-to-end strategic vision of the company. His role involves spearheading business strategy, planning with a strong bottom-line focus, meeting the expectations of key stakeholders, recruiting the leadership team, leading and managing senior management talent and providing an environment of support for performers.
Mr. Bhandari has 35+ year...
MAHESH CHHABRIA
With over 30 years, in the financial services industry, Mr. Chhabria has worked with investment banks, private equity funds, and he has been an independent director of several companies. He has been the Managing Director of Kirloskar Industries Limited since July 2017. Prior to this, he has worked as a Partner with Actis, where he was responsible for advising Actis Global LLP, a leading private equity fund in the emerging market space, to invest their money in growth capital and buy out businesses in India.
Mahesh was previously...
GAURI KIRLOSKAR
Gauri attended Carnegie Mellon's Tepper School of Business, where she received a BSc. in Business Administration with a concentration in Finance. Previously she attended Phillips Academy, Andover, near Boston. After graduation, Gauri worked as an investment banking analyst at Merrill Lynch in their Mergers and Acquisitions group where she analyzed the impact of proposed mergers, acquisitions, spin-offs and various restructuring alternatives on earnings, credit profile and value creation of various clients across the technology, real estate, ...
HARISH ENGINEER
With over 40 years of experience in the fields of finance and banking, Mr. Engineer was associated with HDFC Bank since 1994 in various capacities before retiring in 2013 as Executive Director on the Board of the Bank responsible for Wholesale Banking, including International Banking. Before joining HDFC Bank, Mr. Engineer worked with Bank of America for 26 years in various areas, including operations and corporate credit management.
Since 2013, Mr. Engineer has been appointed as a Senior Consultant to International Finance Corp...
D. SIVANANDHAN
Mr. Sivanandhan is a highly regarded IPS officer with an illustrious career spanning 36 years. He joined the IPS in 1976 and retired as the Director-General of Police of Maharashtra State Police in 2011. He has held several senior positions in the Intelligence Bureau, Central Bureau of Investigation and Mumbai crime branch. He has also served as Commissioner of Police of Nagpur, Thane city and Mumbai.
He has been awarded the meritorious service medal (1993), the president's distinguished service medal (2000) and also the Interna...
VIJAY CHUGH
Mr. Chugh has over 35 years of experience in the fields of supervision and regulation of commercial banks, payment and settlement systems and core banking solutions. He was appointed as an Independent Director w.e.f. 12th March 2018 for 5 years. He is a former Principal Chief General Manager, Department of Payment and Settlement Systems of the RBI. He has previously been a nominee of the RBI on the board of directors of the State Bank of Patiala and the United Bank of India. He has also been the Chief Vigilance Officer of the Industrial Inve...
YOGESH KAPUR
Mr. Yogesh Kapur, is a Fellow Chartered Accountant (FCA) with over 38 years’ experience in financial services sector. He started his career in 1983 with Housing Development Finance Corporation Ltd (HDFC). In 1991 he switched to Investment banking with HSBC and then joined Enam Securities Pvt Ltd a leading Investment banking /brokerage house in 1994. In 2012 with Axis Bank taking over the Investment Banking business of Enam Securities P Ltd, Mr Kapur moved to Axis Capital Ltd a wholly owned subsidiary of Axis Bank.
In 2014, Mr. Kapur ...
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MANAGEMENT TEAM
MRIDUL SHARMA
Group Chief Operating Officer
Mridul, one of the founding members at Arka Fincap Limited, is the Group Chief Operating Officer responsible for building the Technology and Operations capabilities aimed at bettering client experience through use of digital technologies. Mridul is also responsible for the technology and digital business transition for the manufacturing businesses of the Kirloskar group.
Mridul is a veteran in the BFSI sector with 25+ years of experience in business process design and optimization with the use of digital technologies. In the past, Mr...
NACHIKET NAIK
Head - Corporate Lending
Nachiket is one of the founding members of Arka Fincap and heads the Corporate Lending wing at Arka Fincap Limited. Nachiket has over 25 years of experience in the credit and debt markets and has worked in leadership positions with well-known financial companies such as IREP Credit Capital, UBS and ABM AMRO and Infrastructure Leasing & Finance (IL&FS).
Nachiket started IREP in 2012 and ran it successfully for 6 years, creating a diversified portfolio across several marquee transactions. Prior to IREP, he was with UBS for two ...
SONIT SINGH
Head - Advisory & Real Estate
Sonit, one of the founding members at Arka Fincap Limited, heads the Advisory & Real Estate arm at Arka Fincap Limited. Further, he is responsible for spearheading new strategic initiatives of the group in the financial sector foray.
Sonit has set up Real Estate & Urban Infra Business grounds up into a diversified pan-India profitable business and grown it into a meaningful size maintaining impeccable asset quality. He further looks after the Syndications business, started in 2021, to develop it into a more value added non fund ba...
NAVIN SAINI
Head - Retail, Micro & SME
Navin is the Business Head for the Retail, SME & MSME segment at Arka Fincap Limited and is currently involved in building the Retail Franchise from grounds up. He is focussed on setting up the right distribution (Digital as well as Branches), policy framework and underwriting models (Scorecard-backed and Analytics-driven) to onboard the best customers thereby creating quality portfolios for the retail business.
A veteran in the BFSI sector with more than 25 years of experience, Navin’s core strength is in the MSME & SME financing...
MANISH NAGARSEKAR
Head - Operations & Business Solutions
Manish is the Head - Operations, Digital Business & BSG at Arka Fincap Limited. His role and responsibility is to manage mid-office risk. Manish has close to 25 years of experience in Operations, Risk Management, Digital Banking, Payments, IT Application Delivery across Assets, Liabilities and Wealth.
Prior to joining Arka Fincap Limited, Manish headed the Solutions Delivery Group at IndusInd Bank and led the digital transformation for the Bank. His enterprising attitude and a high focus on delivery has helped him successfully im...
AMIT GUPTA
Group Chief Financial Officer
Amit is the Group Chief Financial Officer at Arka Fincap Limited and is responsible for raising funds, managing overall cost of borrowed funds, deployment of treasury funds, budgeting, financial analysis, accounting, compliances and other ancillary activities.
Amit, a veteran in the financial industry with 20+ years of experience, has worked with various financial companies like Erstwhile Magma Fincorp Limited, ICICI Bank, IndoStar Capital Finance Ltd. among others. He has always been working in the BFSI segment and has a proven track rec...
ATIT SHAH
Head - Risk (SME / MSME)
Atit is the Head - Risk for SME & Retail Asset Department at Arka Fincap Limited. He is responsible for managing enterprise risks covering credit, market & operation risks for SME & retail assets. Atit’s core responsibilities includes portfolio management, setting up early warning signal, policy and process management.
Atit has close to 20 years of experience in areas like risk ad...
SACHIN AGARWAL
Chief Credit & Enterprise Risk Officer
Sachin is the Chief Credit & Enterprise Risk Officer at Arka Fincap Limited. He established the Enterprise Risk Management Framework at Arka and is responsible for managing credit risk for the wholesale business and he leads operational risk for the enterprise also.
Sachin is a seasoned finance professional with 18+ years of comprehensive experience in credit risk management across industries, financial modelling, solutions structuring and relationship management, Sachin has worked a...
Suman Saurav
Chief Technology Officer
Suman is the Chief Technology Officer at Arka Fincap Limited. His responsibility includes defining and implementing technology strategy to achieve the enterprise goals. He has successfully set up the IT function for the NBFC startup and has built a highly agile, cloud native digital landscape with minimal capex budget.
Suman has close to two decades of experience in technology in the BFSI sector with an aptitude for innovative solutions, analytical intelligence & motivational leadership. In the past, he has held executive roles in tec...
Rashmi Warange
Vice President, Human Capital Management
Rashmi, a business focused HR leader, is responsible for developing Arka’s HR strategies, overseeing operations, ensuring compliance, and implementing the organization's mission and talent strategy.
A veteran with over 19 years of experience in talent strategies and automation, Rashmi has worked with institutions like Oberoi Realty, Shapoorji Pallonji Real Estate, ITC Hotels and Lodha Group to name a few. Rashmi was nominated for the Economic Times Young Leaders Award and has been consulting C-suites on Executive Presence for over 5 yea...