The chain snatcher, Kiran Chhagan Sonawane (22), was arrested last evening from his plush three-storey house at Ashvamedh Nagar in Nashik's Peth Road locality, an official at Panchavati police station said today.
Sonwane's accomplice Vilas Mirajkar (27), a resident of Laxman Nagar, was also arrested.
Mirajkar allegedly used to rent his motorcycle for Rs 1,000 per hour to Sonawane for chain-snatching and other crimes, police said.
Several theft cases are registered against Sonawane at Mhasrul, Panchavati and Yeola police stations in Nashik.