Meliora Asset Reconstruction Company Limited
Meliora Asset Reconstruction Company (MARC) is the youngest Asset Reconstruction Companies in the country and second in South India, with its registered office in Vishakhapatnam. The Corporate Office is in Hyderabad.
MARC has been granted the Certificate of Registration from Reserve Bank of India on 5th December, 2014 under the provisions of SARFAESI Act, 2002.
MARC is promoted by first generation entrepreneurs who are professional with long experience in resolution of distressed assets and in financial markets. Two of the promoters, Mr. Appikatla Sisir Kumar and Mr. Korada Ravi Kumar have each over 12 years expertise in asset resolution for the financial institutions.
Promoters of MARC credited in having the key resolution competence required for an ARC and handled over 5000 cases so far.
MARC’s focus is on revival of stressed financial assets which are viable through combination of strategies such as financial and managerial support.