Mumbai: Edelweiss Asset Reconstruction Company (EARC) has appointed veteran banker and former Managing Director & CEO of SBI Capital Markets (SBICAP), Arun Mehta, as its Managing Director & Chief Executive Officer. The appointment has been approved by the Reserve Bank of India for a tenure of five years.
With over four decades of experience across banking, financial services, and capital markets in both domestic and international markets, Mehta joins Edelweiss ARC at a time when India’s stressed asset resolution landscape is evolving and creating new opportunities across wholesale, retail, and MSME segments.
Mehta began his banking career with State Bank of India in 1985 and held leadership roles across Corporate Banking, International Banking, Structured Finance, Loan Syndication, Equity Capital Markets, and Debt Capital Markets. His career also included an international assignment in Hong Kong, where he led loan syndications and investments.
Most recently, he served as Managing Director & CEO of SBI Capital Markets, the investment banking arm of SBI, contributing to the institution’s strategic growth and expansion. He has additionally served as Non-Executive Chairman of SBICAP Securities Limited, SBI Ventures Limited, and SBICAP Trustee Company Limited, while holding board positions at institutions including Axis Trustee Services, IDBI Capital Markets & Securities, DSP Finance, and Investec Capital Services (India).
A postgraduate in Economics, Mehta is also a Certified Associate of the Indian Institute of Bankers.
He succeeds Mythili Balasubramanian, who served as Interim MD & CEO until September 2025, following the tenure of R.K. Bansal, who led Edelweiss ARC for more than a decade and played a key role in building the company into one of India’s leading asset reconstruction platforms.
Over the years, Edelweiss ARC has emerged as a significant player in India’s stressed asset resolution ecosystem, working closely with banks and financial institutions to support recoveries, resolutions, and capital recycling. The company reported cumulative recoveries of ₹66,210 crore over the last ten years through FY26, including ₹8,590 crore in FY26 alone, reflecting a 50% year-on-year increase.
The company’s portfolio composition is also evolving in line with broader industry trends. In FY26, Edelweiss ARC acquired ₹1,363 crore of retail assets, while retail assets accounted for 29% of capital employed, compared to 18% in the previous year.
As the company moves toward a more capital-efficient and fee-based operating model, Edelweiss ARC plans to deepen its resolution capabilities across both wholesale and retail assets while strengthening its position in India’s expanding stressed asset ecosystem.
Mehta’s extensive experience across corporate banking, international markets, structured finance, syndication, and capital markets is expected to support the company’s strategic priorities and long-term value creation agenda.
