MUMBAI: Edelweiss Asset Reconstruction Company (EARC) has announced the appointment of veteran banker Arun Mehta as its new Managing Director & Chief Executive Officer. The Reserve Bank of India (RBI) has formally approved his appointment to lead the prominent asset reconstruction platform for a tenure of five years.
Mehta, who previously served as the MD & CEO of SBI Capital Markets (SBICAP), brings more than forty years of extensive experience spanning domestic and international markets across banking, financial services, and capital markets.
A Distinguished Career in Banking
Arun Mehta began his career with the State Bank of India (SBI) in 1985. Over his long tenure, he held various leadership positions in key divisions including Corporate Banking, International Banking, Structured Finance, Loan Syndication, Equity Capital Markets, and Debt Capital Markets. His international exposure includes a significant stint in Hong Kong, where he led investments and loan syndications.
Beyond his role at SBICAP, Mehta has served as the Non-Executive Chairman for multiple entities, including SBICAP Securities Limited, SBI Ventures Limited, and SBICAP Trustee Company Limited. He has also held prominent board positions at financial institutions such as Axis Trustee Services, IDBI Capital Markets & Securities, DSP Finance, and Investec Capital Services (India). He holds a postgraduate degree in Economics and is a Certified Associate of the Indian Institute of Bankers.
Leadership Transition and EARC’s Growth Track
Mehta takes over the leadership mantle following Mythili Balasubramanian, who managed the company as Interim MD & CEO until September 2025. Prior to that, the organization was led for over a decade by Mr. R.K. Bansal, who was instrumental in scaling Edelweiss ARC into one of India’s foremost asset reconstruction businesses.
Edelweiss ARC has been a major player in resolving stressed assets alongside banks and financial institutions. According to company disclosures, its cumulative recoveries over the last ten years reached ₹66,210 crore by the end of FY26. Notably, the company clocked recoveries of ₹8,590 crore in FY26 alone, marking a substantial 50% increase on a year-on-year basis.
Navigating a Changing Stressed Asset Landscape
Mehta’s appointment comes at a time when the ARC industry is shifting focus. While large corporate resolutions remain core to the business, fresh opportunities are arising within the retail and MSME stressed asset sectors, alongside a growing demand for specialized fee-based and servicing capabilities.
EARC’s recent numbers mirror this market shift; the company acquired ₹1,363 crore of retail assets in FY26, driving the total share of retail assets in its capital employed up to 29%, compared to just 18% in the preceding year.
