Arcil, one of India’s leading asset reconstruction companies, has once again reinforced its commitment to community development with its latest Corporate Social Responsibility (CSR) initiative in partnership with FUEL (Friends Union for Energizing Lives).
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The project aims to empower underserved youth by providing access to cutting-edge educational resources and skill development opportunities.
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As part of this initiative, Arcil supported the establishment of state-of-the-art computer lab at the FUEL Business School. This facility is designed to provide hands-on training in emerging fields like artificial intelligence, data analytics, cybersecurity, and digital marketing, addressing the critical gap between industry demands and academia. The initiative is expected to impact over 1000 youth in the next five years, equipping them with future-ready skills and enhancing their employability. This project also includes a strong focus on women’s empowerment, with at least 45% of participants being underserved girls.
Mr. Pallav Mohapatra, MD and CEO of Arcil, said: “Investing in the education and skill development of our youth is a step towards building a stronger, self-reliant future. Through this collaboration with FUEL, we aim to create opportunities for underserved communities and foster an ecosystem of innovation and growth. This partnership underscores Arcil’s ongoing efforts to contribute positively to society by empowering the next generation with the skills and resources needed to succeed in a rapidly evolving job market.”
FUEL has been a pioneer in implementing education and skill development projects, impacting over 12 lakh underserved students across India. With this initiative, FUEL’s vision of bridging the skill gap takes a significant leap forward.
“We deeply appreciate Arcil’s invaluable support in empowering underserved youth. Together, we look forward to extending this partnership to our upcoming Skill Tech University, which aims to transform the lives of youth from marginalized communities through cutting-edge education and skill development,” said Ketan Deshpande, Founder-Chairman of FUEL.
Arcil’s CSR efforts continue to align with its vision of fostering sustainable development and inclusive growth, ensuring that the benefits reach the grassroots of society.
About Arcil
Arcil, India’s pioneer Asset Reconstruction Company, has led the non-performing loan (NPL) sector since its inception in 2002. With an AUM of Rs. 16,223 crore (as on March 24), Arcil operates across 14 branches with a team of 200 plus professionals. Over the last 22 years, Arcil has significantly strengthened its position, particularly in the last five years, during which it acquired Rs. 11,872 crore in stressed assets—equivalent to its total acquisitions made in the first 15 years.
