Aditya Birla Capital Ltd Company Profile: Product, Promoters and Clients

Aditya Birla Capital Ltd Company Description 

Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Aditya Birla Group. Through its subsidiaries and joint ventures (JVs), ABCL provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycle12. With about 47,000 employees, ABCL has a nationwide reach, boasting over 1,474 branches and more than 200,000 agents/channel partners, along with several bank partners. As of March 31, 2024, Aditya Birla Capital Limited manages aggregate assets under management of Rs. 4.36 Lakh Crore with a consolidated lending book of Rs 1.24 Lakh Crore through its subsidiaries and JVs. ABCL is part of the US$65 billion global conglomerate Aditya Birla Group, which is in the league of Fortune 500 companies. The Aditya Birla Group spans various sectors, including metals, cement, fashion, financial services, textiles, and trading.

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Question 1: What are the product provided by the company? 

The holding company for the financial services businesses of the Aditya Birla Group, is a universal financial solutions group catering to the diverse financial needs of its customers across their life stages. The Company offers a wide range of financial products and services. Here are some of their key offerings:

  1. Loans:
    • Housing Loans: Home loans, balance transfer, and top-up home loans.
    • Personal Loans: Including flexi loans.
    • Business Loans: Both unsecured and secured business loans.
  2. Investments:
    • Mutual Funds: Covering debt funds, equity funds, hybrid funds, and more.
    • Stocks & Securities: Equity trading, margin trading, and bonds.
    • Fixed Deposits (FD) and Digital Gold.
  3. Insurance:
    • Life Insurance: Term insurance, retirement plans, and savings plans.
    • Health Insurance: Health and wellness plans, super top-up plans.
    • Motor Insurance: Bike and car insurance.
  4. Payments:
    • UPI & Bill Payments: Convenient payment options.
    • Credit Cards: Including the Aditya Birla SBI Card.

Question 2: Who are the promoters of the company?

1. Mr. Kumar Mangalam BirlaChairman 

Mr. Kumar Mangalam Birla is the Chairman of the US $ 41 billion multinational Aditya Birla Group, operating in 36 countries across 6 continents. Mr. Birla is deeply engaged with Educational Institutions.  He is the Chancellor, of the renowned Birla Institute of Technology & Science (BITS), with campuses in Pilani, Goa, Hyderabad and Dubai. He is the Chairman of IIT, Delhi and IIM, Ahmedabad and a Director of the G. D. Birla Medical Research & Education Foundation. A Commerce Graduate from the Bombay University, Mr. Birla is a Chartered Accountant.  He earned an MBA from the London Business School. 

2. Mr. Sushil Agarwal- Chief Financial Officer

Mr. Sushil Agarwal is the Group Chief Financial Officer for Aditya Birla Group. He is also the Whole Time Director & CFO of Grasim Industries Ltd. – a leading VSF manufacturer in the world and a market leader in India in the cement and chemical sectors. He is a Qualified Chartered Accountant and and holds a master’s degree in commerce. He is also a member of the Business Review Council, which is an institutionalized mechanism for bringing in wider managerial perspectives and leadership experiences, into reviewing the development, growth and operations of the Group’s businesses. He has an experience of being the CFO and Whole Time Director of various listed conglomerates.

3. Arun Adhikari- Independent Director 

He graduated with a Bachelor of Technology degree in chemical engineering from the Indian Institute of Technology, Kanpur in 1975. He went on to complete his Post Graduate Diploma in Management from the Indian Institute of Management, Calcutta. He started working at Hindustan Unilever Limited from 1977 and held a number of senior positions in the fields of sales, marketing and consumer research. After being the Executive Director at Hindustan Unilever Limited in 2000, he was appointed as the Managing Director for Home and Personal Care and joined the board of directors of Hindustan Unilever Limited where he was involved in external relationships with the Government and media, investor relations, risk management, and corporate governance. He was appointed as the chairman of Unilever Japan KK in 2006. He was later appointed as the Senior Vice President for Unilever Laundry Category across Asia and Africa where his key responsibilities included development of category and brand strategy, brand portfolio decisions, supply chain strategy, pricing strategy, product innovation and 133 advertising development.

4. Puranam Hayagreeva Ravikumar- Independent Director

Puranam Hayagreeva Ravikumar is an Independent Director of our Company. He is a commerce graduate and is also an ‘Honorary Fellow’ of The Chartered Institute for Securities & Investment, UK. He has over 46 years of professional experience in the banking and finance sector including 22 years of service at the Bank of India and 12 years at ICICI Bank. He has also worked with NCDEX for five years and four years with Invent Assets Securitization and Reconstruction Private Limited. He has been the chairperson of Bharat Financial Inclusion Limited (formerly known as SKS Microfinance Limited) for the past five years and is also the chairperson of Vast HFC a home finance company, which focuses on affordable housing for the middle and the low-income groups.

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Question 3: Who are the clients of Aditya Birla Capital Ltd?

Aditya Birla Capital Ltd serves a diverse clientele across its financial services offerings. Their clients include individualscorporates, and institutional investors. Whether it’s retail loans, insurance products, or investment solutions, ABCL caters to a wide range of customers.

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Written by – Aishwari Pandey