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Arcil names Phanindranath Kakarla chief executive and md
Kakarla succeeds Pallav Mohapatra in planned transition
MUMBAI: Asset Reconstruction Company (India) Limited (ARCIL) has appointed Phanindranath Kakarla as chief executive officer and managing director, effective 9 March, succeeding Pallav Mohapatra, who has stepped down after completing his term.
Arcil, founded in 2002, was India’s first asset reconstruction company and remains a key player in resolving stressed assets for banks and financial institutions.
Kakarla joined Arcil as president on 2 April, 2025 under a board-approved succession plan designed to ensure a smooth leadership transition. In that role he worked closely with the management team on strategy, business expansion and operational transformation.
Before joining Arcil, he held senior leadership roles at the Edelweiss Group, where he oversaw strategic functions including finance, operations, corporate services and business transformation.
“I am honoured to take on the responsibility of leading Arcil at an important stage in its journey,” said Kakarla. “Arcil has played a pioneering role in shaping India’s asset reconstruction industry and remains a strategic partner for banks and financial institutions.”
Mohapatra, who took charge in March 2021, leaves after guiding the company through a period of strategic consolidation. With more than four decades in India’s banking and financial services industry, he helped strengthen Arcil’s governance frameworks and sharpen its growth initiatives in the stressed-asset resolution space.
Welcoming the new chief, Arcil chairman Narayanan Subramaniam, said Kakarla’s experience in financial services and asset resolution would help steer the company into its next phase of growth. He also thanked Mohapatra for his leadership during what he described as a transformative period for the firm.
Arcil counts institutional investors including Avenue India Resurgence Pte Limited and State Bank of India among its shareholders and operates across multiple branches in India, focusing on corporate, SME and retail asset resolution.
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Ola Electric announces Champion Mahotsav with Rs 10,000 benefits
Three-day offer across scooters and motorcycles celebrates India’s T20 World Cup win
BENGALURU: Ola Electric has announced #ChampionMahotsav, a three-day nationwide celebration offering benefits worth Rs 10,000 across its vehicle portfolio, following India’s historic third ICC Men’s T20 World Cup victory.
During the limited-period celebration, customers can avail benefits worth Rs 10,000 on any Ola scooter or Roadster motorcycle, extending the festive mood among fans after the national triumph.
An Ola Electric spokesperson said the initiative builds on the strong response received during the company’s earlier Match Mahotsav campaign held during the tournament final.
“Our Match Mahotsav during the T20 World Cup Final received an incredible response from fans across the country. To celebrate India’s historic third T20 World Cup victory, we are extending the celebrations for three more days with #ChampionMahotsav, offering benefits worth Rs 10,000 on any Ola vehicle,” the spokesperson said.
Ola Electric currently offers a broad portfolio of Gen 3 S1 scooters and Roadster X motorcycles.
The premium Gen 3 S1 range includes the Ola S1 Pro+ in 5.2kWh and 4kWh configurations, and the Ola S1 Pro in 4kWh and 3kWh options, priced at Rs 1,85,338, Rs 1,65,338, Rs 1,39,999 and Rs 1,19,999 respectively.
In the mass segment, the company offers the Ola S1 X+ with a 4kWh battery, along with the Ola S1 X in 2kWh, 3kWh and 4kWh configurations, priced at Rs 1,14,999, Rs 77,999, Rs 93,999 and Rs 1,09,999 respectively.
Ola’s motorcycle line-up includes the Ola Roadster X+ in 4.5kWh and 9.1kWh configurations priced at Rs 1,04,999 and Rs 1,84,999. The Ola Roadster X is available in 2.5kWh, 3.5kWh and 4.5kWh options, priced at Rs 74,999, Rs 87,999 and Rs 94,999 respectively.
With #ChampionMahotsav, the company aims to ride the celebratory wave across the country while encouraging more consumers to switch to electric mobility.
