Ducturus Resolution Professionals Private Limited: Company Profile
Background
Company Overview
Ducturus Resolution Professionals Private Limited, established on June 29, 2017, is a pioneering Insolvency Professional Entity (IPE) in India, recognized by the Insolvency and Bankruptcy Board of India (IBBI) under registration number IBBI/IPE/2017-18/0026. Headquartered in Chandigarh, the company specializes in delivering time-bound and value-maximizing resolutions for corporate debtors under the Insolvency and Bankruptcy Code (IBC), ensuring equitable consideration of all stakeholders' interests.
Mission and Vision
Ducturus is committed to guiding distressed companies towards recovery or efficient dissolution, positioning itself as a trusted partner for stakeholders navigating insolvency proceedings under the IBC. The company's mission is to provide comprehensive insolvency and liquidation solutions that maximize value and adhere to statutory requirements.
Industry Significance
As the second-largest IPE in North India, Ducturus has established a robust presence with a team of 10 experienced partners and a dynamic workforce of over 40 skilled professionals. Its extensive portfolio across diverse industries demonstrates deep operational expertise and strategic insight, contributing significantly to the insolvency resolution landscape in India.
Key Strategic Focus
Core Objectives
Ducturus aims to deliver efficient and value-maximizing resolutions for corporate debtors under the IBC, ensuring compliance with legal frameworks and safeguarding the interests of all stakeholders.
Areas of Specialization
The company specializes in:
- Corporate Insolvency Resolution Process (CIRP)
- Liquidation Processes
- Claims Verification
- Legal Advisory and Services
- Asset Sale
Key Technologies Utilized
Ducturus employs advanced data analytics and AI-driven platforms to enhance decision-making processes, streamline operations, and ensure compliance with regulatory standards.
Primary Markets Targeted
The company primarily serves distressed companies across various sectors in North India, focusing on facilitating recovery or efficient dissolution through structured insolvency proceedings.
Financials and Funding
Funding History
Ducturus has maintained a stable financial position with an authorized capital of ₹2.00 crore and a paid-up capital of ₹1.50 crore. The company has not disclosed specific details regarding external funding rounds or notable investors.
Utilization of Capital
The capital is primarily utilized to support operational expenses, enhance technological infrastructure, and expand the company's service offerings to meet the evolving needs of the insolvency resolution market.
Pipeline Development
Key Pipeline Candidates
Ducturus is actively involved in several high-profile insolvency cases, including:
- Shree Vardhman Buildprop Private Limited: CIRP initiated on April 29, 2024.
- DSS Infrastructure Private Limited: CIRP initiated on May 7, 2024.
Stages of Development
The company is engaged in the initial stages of the CIRP for these entities, focusing on claims verification, asset evaluation, and formulating resolution plans in compliance with the IBC.
Target Conditions
Ducturus targets distressed companies across various industries, aiming to facilitate their recovery or efficient dissolution through structured insolvency proceedings.
Anticipated Milestones
The company anticipates completing the CIRP for the mentioned entities within the statutory timelines, with resolution plans to be submitted to the National Company Law Tribunal (NCLT) as per regulatory requirements.
Technological Platform and Innovation
Proprietary Technologies
Ducturus leverages proprietary AI-driven platforms to conduct comprehensive risk assessments, streamline claims verification, and enhance decision-making processes. These technologies enable efficient management of insolvency proceedings and ensure compliance with legal standards.
Significant Scientific Methods
The company employs advanced data analytics and machine learning algorithms to analyze financial statements, assess asset valuations, and predict potential recovery outcomes, thereby optimizing the resolution process.
Leadership Team
Key Executives
- CA Jalesh Kumar Grover: Founder, Chairman, and Whole-Time Director with over 29 years of experience in financial management, corporate advisory, and insolvency practice.
- Anil Katia: Director with 18 years of experience in wholesale banking, specializing in strategic management, financial planning, and corporate debt restructuring.
- Alok Kaushik: Director with 10 years in corporate governance, holding roles in various companies and contributing to corporate operations.
- Vivek Kumar Arora: Director with 32 years in corporate governance, engaged in general business and associated with multiple companies.
Leadership Changes
Recent appointments include:
- Taru Gupta: Appointed as a Whole-Time Director on May 13, 2023.
- Pooja Damir Miglani: Appointed as a Whole-Time Director on November 19, 2022.
Competitor Profile
Market Insights and Dynamics
The insolvency resolution market in India is experiencing significant growth, driven by the implementation of the IBC and an increasing number of distressed companies seeking resolution. This presents opportunities for IPEs like Ducturus to expand their services and market share.
Competitor Analysis
Key competitors in the market include:
- R&T Asia Resources: Specializes in insolvency and bankruptcy services, offering comprehensive solutions for distressed companies.
- So, Lung & Associates, Solicitors: Provides legal advisory services in insolvency proceedings, focusing on corporate debt restructuring.
- KIPAT: Offers insolvency resolution services with a focus on financial restructuring and turnaround strategies.
Strategic Collaborations and Partnerships
Ducturus collaborates with financial institutions, legal firms, and regulatory bodies to enhance its service offerings and ensure compliance with evolving insolvency laws.
Operational Insights
Ducturus differentiates itself through its experienced leadership team, proprietary technological platforms, and a comprehensive approach to insolvency resolution, positioning it favorably in the competitive landscape.
Strategic Opportunities and Future Directions
Strategic Roadmap
Ducturus plans to expand its presence across India, leveraging its expertise to handle a diverse range of insolvency cases. The company aims to enhance its technological capabilities to improve efficiency and accuracy in resolution processes.
Future Business Directions
The company is exploring opportunities to diversify its service offerings, including pre-insolvency advisory and post-resolution support, to provide end-to-end solutions for distressed companies.
Opportunities for Expansion
Ducturus is considering strategic partnerships and alliances to enter new markets and sectors, aiming to become a leading IPE in the country.
Positioning for Future Objectives
By leveraging its strengths in technology, leadership, and operational expertise, Ducturus is well-positioned to achieve its future objectives and contribute significantly to the insolvency resolution ecosystem in India.
