DMI Finance was established in 2009 by Ex Citigroup executives Mr Yuvraj C Singh and Shivashish Chatterjee. With 16% equity stake in Alchemist ARC, DMI Finance has been one of the first foreign entities operating in India to become a sponsor-shareholder in an asset reconstruction company.
Alchemist ARC, is having distinction of the first private sector ARCs in India, which was granted RBI certificate of registration in 2007.