Banner Image
Pepper India Resolution Private Limited (PIR) was set up as a joint venture between global diversified financial services specialists Pepper Group and ABK Resolution. It was established to deliver distressed asset management and resolution in India, specialising in Non-Performing Loans (NPLs), advisory and third-party loan servicing. Pepper India Distressed Assets Fund is registered with SEBI as a Category-II Alternative Investment Fund. The Registration Number is IN/AIF2/21-22/0886. Pepper India Advisors Private Limited is the Investment Manager for the same.
Our Values
We look outside the box and deliver on our promises.
We know how to balance risk and opportunity.
We have a people-first mindset and are always upfront.
Our Leadership
Pepper India is supported by a highly experienced, hands on, globally distributed leadership team - with a strong proactive Board of Directors.
Mike Culhane
Mike founded Pepper in 2000.
Extensive debt and equity capital markets experience, with a particular focus on structured finance, securitization, portfolio management and venture capital.
Responsible for implementing the company’s strategic direction and driving the organic growth initiatives in each of Pepper’s consumer lending, mortgage servicing and advisory businesses, across Australia, Asia and Europe.
Holds a Bachelor of Economics in International Relations from the London School of Economics.
Group Chief Executive Officer and Director
Asokan Arumugam
Joined Pepper in 2019 as Executive Director & CEO of Pepper India.
Has over 35 years of experience in various roles including Treasury, Corp. Banking, Compliance, Lending, and Asset Reconstruction in all of India.
Has held senior management positions in leading public sector Banks and as a CEO of an ARC specializing in retail NPL resolutions.
Executive Director
Ravi Manchanda
Joined Pepper in 2018, as Co-Head Principal Investments for Asia.
Has over 37 years of experience in various roles including Audit, CFO, COO, CEO of major corporates in Europe, USA, Hong Kong and Malaysia.
Over 10 years financial services experience as MD at Deutsche Bank, Standard Chartered and CEO at Westpac Singapore.
Non-Executive Director &
Co-Head Principal Investments
Asia-Asean & India
Mukund Kulkarni
Mr Mukund Kulkarni has joined Pepper India Resolution (PIRPL) as the Chief executive Officer since 01st of July 2022. He is a MBA (Finance) from Hirachand Nemchand College of Commerce, Solapur. He is a versatile professional of 22 years and comes with a rich and comprehensive experience in Collections & Recovery Operations, Strategic planning, Risk Management & Client Relationship Management. In his earlier assignment, he has spearheaded a SME & Retail Loan division and led a team of 150+ members for recoveries. His Career spans over various roles in ARCIL, Barclays Investments & Loans India Ltd , Cholmandalam-DBS Finance & ICICI Bank Ltd.
CEO of PepperIndia
Frazer Gemmell
Fraser is the Chief Executive of Pepper’s Global Servicing Division, a leading Independent Global Credit Management platform with USD$55bn in AUM across nine jurisdictions. He has been with Pepper since early 2012. Prior to that he worked in Private Equity with Sydney headquartered CP2 and Oakwood Global Finance (a Pepper predecessor company) where he was responsible for originating, assessing and managing investment opportunities. He has also been involved with Pepper Group’s wider M&A and principal investment activities. He is a New Zealander by birth, Fraser was Educated at The University of Oxford, INSEAD and the University of Auckland.
Additional Director
Pepper India Team
Reji John
Head of Operations
Jayraj Joshi
Head of IT
Atul Kulkarni
Head Collections
Hazeline Pimenta
Head of Marketing
Ameeta Vinekar
Business Consultant
N V Choudary
Senior Advisor
Hirosh Bhasker
Regional Head-Kerala
Mansi Bhutada
Associate (Business Analysis)
