Areion Special Situation Trust — Areion Asset Management | Wisefolio

Areion Special Situation Trust

Cat I · Managed by Areion Asset Management

Leading financial institution for distressed asset solutions.

SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.

Overview

About

Areion Special Situation Fund is a Category II AIF established as a contributory determinate investment trust under the Indian Trusts Act, 1882. It is managed by Areion Assets Management Private Limited (AAMC), the investment management arm of the Areion Group — a Mumbai-based financial services group founded in 2013 by Manish Motilal Lalwani. The fund focuses on investing in distressed and stressed assets in India, targeting companies experiencing financial stress or showing potential for distress across sectors including textiles, metals, pharmaceuticals, auto components, paper, packaging, real estate, and education. The group has played a pivotal role in the resolution and restructuring of over INR 30,000 crore in stressed assets.

Investment philosophy

Areion invests in debt and equity securities, quasi-equity, mezzanine debt, and security receipts issued by Asset Reconstruction Companies (ARCs) in companies experiencing financial stress, distress, or working capital mismatch, as well as last-mile funding situations. The fund is sector-agnostic and generates long-term capital appreciation and yield commensurate with the risk profile of distressed assets. The strategy draws on deep expertise in SARFAESI, DRT, IBC, and related legislation, with strong relationships across public and private sector banks, NBFCs, and ARCs across India.

Team9

Dinesh Kumar Kanodia

Fund manager

Director and Investment Manager

Dinesh Kumar Kanodia is Director and Investment Manager at Areion Assets Management Private Limited. He served as the sole member of the Investment Committee for the Areion Special Situation Infra Scheme and is the key managerial personnel (KMP) responsible for investment decisions at the fund. He is an alumnus of H.R. College of Commerce and Economics, Mumbai.

Ram Niwas Tayal

Head of Management Team

Ram Niwas Tayal is a distinguished banking professional with a postgraduate degree from the Delhi School of Economics. He is also a qualified LLB and holds the CAIIB credential. With a career spanning five decades, he has extensive expertise in corporate banking, foreign exchange, and branch and zonal management. He retired as General Manager from Bank of India after a 40-year tenure, during which he led several large corporate branches including overseas operations. He heads the management team at Areion Finserve.

Ajay Mehta

CEO

Manish Motilal Lalwani

Board

Non-Executive Director

Manish Lalwani is a Chartered Accountant with a Master's Degree in Commerce and the founder of Areion Group, established in 2013. He has extensive experience in origination, structuring, and executing high-value NPA and distressed asset transactions ranging from USD 1 million to USD 20 million, with a focus on corporate restructuring and special situations across auto-components, FMCG, education, healthcare, edible oil, textiles, and iron & steel. Prior to founding Areion, he worked at Tata Consultancy Services Limited and Special Situation Advisors (India) Pvt Ltd. He was recognised as India's Growth Champion in 2022 and 2023 by The Economic Times & Statista, received the ET Young Industry Achiever in Financial Services – Asset Reconstruction award in 2024, and was honoured with the Hindustan Times Crafting Bharat Awards – 40 Under 40 in 2025.

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF1/24-25/1567

RegisteredJul 2024 (2 years ago)

Valid untilPerpetual

Contact personNikita Wagh

AddressD 511 5th Floor Kanakia Zillion Junction of LBS Road & CST Road BKC Annexe Kurla West, Mumbai, Maharashtra, 400070

Investment manager

Insights

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Disclaimer

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