Pridhvi Asset Reconstruction and Securitisation Company Limited (PARAS) is the first Asset Reconstruction Company (ARC) established in South India, with its Registered and Corporate Office at Hyderabad. PARAS was incorporated under the Companies Act 1956 on 27th March 2007 and granted
"Certificate of Registration" by Reserve Bank Of India on 9th April 2008 for carrying out Asset Reconstruction and Securitisation business.
PARAS is promoted by Sri M.Siva Rama Vara Prasad and Dr.Murali Krishna Prasad Divi, two highly successful first generation entrepreneurs who created enormous value to the stake holders of their respective ventures.
Punjab National Bank, UCO Bank and Andhra Bank are the three institutional investors in the company's equity. The Authorised Capital of PARAS is Rs.150 Crores and the paid-up capital is