Chandra Shekhar Thanvi

Small Industries Development Bank of India acts as the principal financial institution for promotion, financing and development of the micro, small and medium enterprise (MSME) sector as well as for coordination of functions of institutions engaged in similar activities. The company was founded on April 2, 1990 and is headquartered in Lucknow, India.

Part of Small Industries Development Bank of India, India SME Asset Reconstruction Co. Ltd. is a leading asset reconstruction company that focuses on unlocking the idle non-performing assets (NPAs) in the financial sector, including banks and financial institutions, with a particular emphasis on the NPAs in the MSME sector. The company is based in Mumbai, India. The company was founded in 2008, and the CEO is Rajendra M. Ganatra. ISARC is the country's first ARC supported by a large number of public sector banks and undertakings, and it strives for speedier resolution of NPAs with a focus on the MSME sector. The Indian company endeavors to unlock the idle NPA assets for productive purposes, which would facilitate greater and easier flow of credit from the banking sector to the MSMEs.