Ambit Flowers Asset Reconstruction Co. Pvt. Ltd.
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Ambit Flowers Asset Reconstruction Co. Pvt. Ltd. - overview
Established
2015
Location
Mumbai, Maharashtra, India
Primary Industry
Financial Services
About
Founded in 2015 and based in Maharashtra, India, Ambit Flowers Asset Reconstruction Co. Pvt. Ltd. formerly known as Abacus Asset Reconstruction Private Limited, as a joint venture between Ambit Holdings, led by Ashok Wadhwa, and New York-based private equity firm J.
C. Flowers & Co. The company involves purchasing NPLs from banks and turning around target companies through balance sheet restructuring and capital infusion. In November 2022, Yes Bank and JC Flowers & Co, agreed to acquire a 10% minority stake in Ambit Flowers Asset Reconstruction Co.
Pvt. Ltd. from Emso Asset Management and JC Flowers & Co. The transaction is subject to requisite regulatory approvals from RBI.
Following the completion, Yes Bank will own a total of 19. 9% stake in Ambit Flowers Asset Reconstruction Co. Pvt. Ltd.
The company was created to invest in India’s distressed asset market, focusing on acquiring and restructuring non-performing loans (NPLs) from Indian banks.
Current Investors
JC Flowers , Ambit Investment Advisors, Emso Asset Management
Primary Industry
Financial Services
Sub Industries
Investment Banking
Verticals
FinTech
Total Amount Raised
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Ambit Flowers Asset Reconstruction Co. Pvt. Ltd. - timeline of key events
Ambit Flowers Asset Reconstruction Co. Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 290,178 | 259,932 | 2,317,220 | 5,554,109 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | (10.4%) | 791.5% | 139.7% | - | - | - |
| EBITDA (USD) | (1,669,880) | (15,625,107) | (32,436,866) | (37,817,308) | (73,973,285) | (70,515,300) | - | - | - |
| Operating Income (USD) | (1,669,880) | (15,625,107) | (32,454,668) | (37,853,128) | (74,200,809) | (70,889,170) | - | - | - |
| Operating Margin | - | - | (11184.4%) | (14562.7%) | (3202.1%) | (1276.3%) | - | - | - |
| % EBITDA Margin | - | - | (11178.3%) | (14548.9%) | (3192.3%) | (1269.6%) | - | - | - |
| NET Income (USD) | (1,696,326) | (15,625,107) | (30,354,247) | (32,341,486) | (9,847,712) | (7,879,382) | - | - | - |
| % Net Margin | - | - | (10460.6%) | (12442.3%) | (425.0%) | (141.9%) | - | - | - |
Ambit Flowers Asset Reconstruction Co. Pvt. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sale to Management | Completed | Ambit Flowers Asset Reconstruction Co. Pvt. Ltd. | - | ||||||||
| Secondary Buyout | Completed | Ambit Flowers Asset Reconstruction Co. Pvt. Ltd. | - | ||||||||
| Buyout | Completed | Ambit Flowers Asset Reconstruction Co. Pvt. Ltd. | - |
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Ambit Flowers Asset Reconstruction Co. Pvt. Ltd. - employee data
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