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Why debt resolution workforce is concentrated in metros
Hindustan Times Pune
|February 19, 2025
Professionals with skills in reviving sinking companies prefer to operate from the four metro cities of New Delhi, Mumbai, Chennai and Kolkata, official data from the Insolvency and Bankruptcy Board of India (IBBI) showed.
NEW DELHI: This suggests that the biggest opportunity in distressed markets is concentrated in these hubs.
Of the 2,093 insolvency professionals (IPs) who are authorised to take up debt resolution or liquidation assignments, nearly half (1,023) have registered in these big cities. Delhi leads the pack with 428 authorised IPs, which is more than two-fifths of the count among the four cities. Mumbai has 304 professionals with authorisation for assignment, Kolkata has 170, and Chennai has 121, data from IBBI showed.
According to Yogendra Aldak, partner at Lakshmikumaran & Sridharan Attorneys, these cities also have a dense network of law firms, financial consultants, and other professionals collaborating with IPs on insolvency matters, thus creating a supportive ecosystem and attracting more professionals.
This story is from the February 19, 2025 edition of Hindustan Times Pune.
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