Mumbai, March 9 Asset Reconstruction Company (India) Ltd (ARCIL) announced on Monday that Phanindranath Kakarla has been appointed as its Chief Executive Officer and Managing Director, effective March 8.
Kakarla succeeds Pallav Mohapatra, who stepped down after completing his term as CEO and MD, the company said in a statement.
"We are confident that he will lead the company through its next phase of growth and value creation. This is part of the succession plan as envisioned by the board over the past year," said Narayanan Subramaniam, chairman at ARCIL.
He joined ARCIL in April last year under a board-approved succession plan to ensure a smooth transition, and served as President, working closely with the leadership team on strategic initiatives, business expansion, and operational transformation, the company said.
Previously, Kakarla held senior leadership roles at the Edelweiss Group, where he oversaw strategic functions, including finance, operations, corporate services, and business transformation, the company said.
