Mr. Churiwal, who previously served as the Chief Operating Officer (COO) at ACRE, brings with him over 18 years of experience in the management and resolution of stressed assets
FinTech BizNews Service
Mumbai, 21 August 2024 – Assets Care & Reconstruction Enterprise (ACRE), a leading Asset Reconstruction Company (ARC) in India, announced the elevation of Mr. Chandan Churiwal as Chief Executive Officer (CEO) and Whole Time Director. Mr. Churiwal, who previously served as the Chief Operating Officer (COO) at ACRE, brings with him over 18 years of experience in the management and resolution of stressed assets.
During his tenure as COO, Mr. Churiwal has been instrumental in significantly enhancing ACRE’s performance. His strategic leadership has resulted in the acquisitions of over Rs 20,000 crore and the facilitation of recoveries exceeding Rs 15,000 crore. Under his guidance, ACRE has solidified its position as one of the largest and fastest-growing ARCs in India.
In his new role as CEO & Whole Time Director, Mr. Churiwal will be responsible for overseeing ACRE’s operations and spearheading its strategic initiatives, guiding the company through its next phase of growth.
Commenting on his appointment, Mr. Churiwal said, "Having been a part of ACRE's journey for the past seven years, I am deeply honored to assume this new responsibility. Together with our talented team, I look forward to continue building on ACRE’s strong foundation for it to remain one of the top ARCs in the country. We will continue to enhance our capabilities in asset acquisition and resolution, while delivering value to our stakeholders and contributing to the broader financial ecosystem."
Prior to his tenure at ACRE, Mr. Churiwal held various positions at Standard Chartered Bank, Yes Bank, Asset Reconstruction Company (India), and ICICI Bank. He holds an MBA from the Indian Institute of Management, Bangalore.
