Leadership Team
Mr. Rajeev Chhabra - Managing Director and Chief Executive Officer
Rajeev Chhabra has extensive experience in the BFSI Sector, specializing in Credit & Deal Structuring as well as business strategy. He has worked with several prominent institutions and global banks, including Bank Muscat, Emirates Bank, AUB Group and National Bank of Oman, where he was heading the Project Finance & Syndication Desk. Rajeev has held various leadership roles, notably heading the Corporate & SME Resolution Group at ARCIL prior to joining Alchemist.
He is a seasoned professional with strong business acumen and a solution focused approach. Rajeev holds an Engineering Degree from Bombay University and an MBA from the International Management Institute, New Delhi.
Dr. Meenakshi Sharma - President & Chief Financial Officer
Dr. Meenakshi Sharma is a law graduate with a Doctorate in Non-Performing Assets (NPA) management, brings a wealth of practical and academic expertise to the field of asset reconstruction and banking. With an esteemed career spanning 18 years at the State Bank of India, she has held multifaceted roles across various key divisions, gaining comprehensive exposure to the banking sector’s core functions.
Her deep knowledge in credit management, project appraisal, and credit risk assessment is complemented by strong analytical and financial acumen. Her expertise significantly contributes to optimizing recovery and maximizing value from stressed assets.
In her current role as President & Chief Financial Officer of Alchemist Asset Reconstruction Company, Dr. Sharma oversees critical financial, operational, compliance, and regulatory functions, ensuring the company’s alignment with statutory requirements while driving organizational growth. She also serves as the Grievance Redressal Officer, championing fair and transparent resolution of stakeholder concerns. Additionally, her responsibilities encompass human resource management, fostering a productive work environment that supports the company’s mission and ethical standards.
Mr. Devendra Kumar Pali, Resolution Head
Devendra Kumar Pali is a senior banking professional with nearly four decades of experience at State Bank of India (SBI), India’s largest public sector bank. During his career, he has handled diverse leadership roles with a strong focus on corporate credit, large-ticket lending, financial analysis, and risk management, developing deep insight into credit assessment and portfolio-level risk control.
He has specialised expertise in stressed asset resolution, including restructuring, recovery, and resolution planning under various regulatory frameworks. Devendra has been closely involved in policy formulation relating to sale of assets to Asset Reconstruction Companies (ARCs), valuation frameworks, and appointment and governance of Resolution Agents, contributing to stronger institutional processes and governance standards.
Academically, he holds a Master’s degree in Mathematics and is a Certified Associate of the Indian Institute of Bankers (CAIIB). His strong analytical background, combined with extensive hands-on banking and policy experience, enables him to bring strategic depth, regulatory clarity, and execution strength to complex credit and stressed-asset situations.
Ms. Astha Dhingra, Vice President
Astha Dhingra is a seasoned finance professional with over a decade of experience in asset reconstruction, distressed asset resolution, and financial operations. Currently serving as a Vice President at Alchemist Asset Reconstruction Company Limited since 2014, she specializes in the acquisition and resolution of non-performing assets (NPAs), due diligence, credit analysis, and regulatory compliance under the SARFAESI Act. She is adept at coordinating with legal and rating agencies, managing investment documentation, and preparing RBI-mandated disclosures.
Astha began her career in finance and accounts at Jakson Limited, where she honed her expertise in general ledger management, SAP accounting, statutory audits, and client billing processes. She holds an Integrated MBA in International Business (Finance) from Amity University and a diploma in Six Sigma, further enhancing her process and quality management capabilities.
Known for her reliability, self-motivation, and analytical skills, Astha combines operational precision with a strong commitment to continuous improvement and ethical business practices.
Ms. Priyanka Munjal – Company Secretary & Chief Compliance Officer
Ms. Priyanka Munjal is an accomplished legal and compliance professional with over a decade of diverse experience in secretarial functions, regulatory compliance, and legal advisory within the financial services sector, including NBFC and PFI. She holds membership with the Institute of Company Secretaries of India (ICSI), a Master’s degree in Business Law from the National Law School of India University, Bangalore, and a Bachelor’s degree in Law.
She possesses expertise in managing statutory and regulatory compliance for Non-Banking Financial Companies (NBFCs) and Public Financial Institutions. She has served in key roles as a Legal Officer and Compliance Officer, where she gained extensive experience in corporate law, SARFAESI Act enforcement, debt recovery laws, and compliance with the frameworks of regulatory authorities such as the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and Stock Exchanges.
In her current capacity as the Company Secretary and Chief Compliance Officer at Alchemist Asset Reconstruction Company, Ms. Munjal is entrusted with the critical responsibility of overseeing the company’s compliance framework, ensuring rigorous adherence to all statutory and regulatory obligations. She plays an instrumental role in aligning corporate governance practices with evolving legal and regulatory landscapes, thereby contributing to the sustainable growth and risk mitigation strategy of the organization.
Mr. Sushant Tyagi - Chief Risk Officer
Sushant Tyagi is a results-oriented executive with over 18 years of specialized expertise in credit appraisal, distressed asset resolution, and portfolio management. As a seasoned leader in asset reconstruction business and corporate finance, he excels in sourcing and structuring non-performing assets (NPAs), steering resolution planning, and driving recovery outcomes through strategic creditor negotiations. His comprehensive background encompasses rigorous due diligence, credit risk assessment, and regulatory compliance with IBC, RBI Master Directions, and ARC policies.
He is adept at partnering with banks, financial institutions, resolution professionals, and audit teams to optimize portfolio performance. His core competencies include financial modelling, financial research, debt/equity financing, and drafting high-impact resolution plans. He brings a proven track record in funding strategies, stakeholder management, and ensuring operational excellence across NPA and insolvency resolution processes.
He holds a Post Graduate Diploma in Business Management (Finance) from Rai Business School, Delhi, and a Bachelor of Commerce from Delhi University. His strategic approach to risk mitigation and value recovery aligns with Alchemist Asset Reconstruction Company Limited’s commitment to financial resilience and sustainable growth.