Welcome to PARAS
Pridhvi Asset Reconstruction and Securitisation Company Limited (PARAS) is the first Asset Reconstruction Company (ARC) established in South India, with its Registered and Corporate Office at Hyderabad. PARAS was incorporated under the Companies Act 1956 on 27th March 2007 and granted
"Certificate of Registration" by Reserve Bank Of India on 9th April 2008 for carrying out Asset Reconstruction and Securitisation business.
PARAS is promoted by Sri M.Siva Rama Vara Prasad and Dr.Murali Krishna Prasad Divi, two highly successful first generation entrepreneurs who created enormous value to the stake holders of their respective ventures.
Punjab National Bank, UCO Bank and Andhra Bank are the three institutional investors in the company's equity. The Authorised Capital of PARAS is Rs.150 Crores and the paid-up capital is
Rs.100 Crores.
More Information
Apart from acquiring Non Performing Assets (NPAs) from Banks/FIs for purpose of resolution. PARAS primarily focuses on assisting revival of potentially viable impaired assets by adopting innovative resolution strategies which in fact is the 'USP' of the Company.
PARAS undertakes funding of One Time Settlement (OTS) amounts for borrowers provided their
Banks / FIs agree to assign their corresponding debts to PARAS.
Apart from restructuring the acquired debts, PARAS also provides additional financial assistance for purpose of settlement of statutory dues, workmen dues, undertaking any renovation or expansion works and providing need based working capital.
PARAS also acts as a Resolution Agent for Banks/FIs in recovery of their NPAs.
Performance at a Glance
| Description |
2008-09 |
2009-10 |
2010-11 |
| Equity |
5105 |
5738 |
10000 |
| Assets Under Management (AUM) |
78841 |
87042 |
114816 |
| Acquisition Cost/Investments in financial assets |
5148 |
6421 |
7901 |
| Total Income |
256 |
1044 |
1951 |
| Profit Before Tax |
171 |
883 |
1778 |
| % Dividend |
Nil |
9% |
10% |
| Earnings per Share |
4.46 |
10.56 |
14.34 |
| % of NPAs |
Nil |
Nil |
Nil |
