Aditya Birla Asset Reconstruction Company Limited has been recently incorporated to venture into the asset reconstruction business. ABARC, upon commencement of business, will focus primarily on acquiring the idle non-performing assets (“NPA”) lying in the financial sector (including banks and financial institutions) with a sector agnostic focus on the NPAs in the Micro, Small and Medium Enterprises sector (“SME/MSME”) and the mid-corporate sector.
Aditya Birla Capital Limited (ABCL), the holding company, is a universal financial solutions provider and one of the largest financial services players in India. It is committed to serving the end-to-end financial needs of its retail and corporate customers under a unified brand — Aditya Birla Capital. Delivering a wide range of money solutions for protecting, investing and financing, Aditya Birla Capital serves millions of customers across the country.
Apart from asset reconstruction, ABCL has a significant presence across several business sectors including NBFC, asset management, life insurance, health insurance, housing finance, private equity, general insurance broking, wealth management, broking, online personal finance management and pension fund management.
Aditya Birla Capital Limited, through its subsidiaries and joint ventures, manages aggregate assets worth Rs.2,813 billion and has a lending book of Rs.447 billion as of 30 September 2017.
A US $43 billion corporation, the Aditya Birla Group is in the League of Fortune 500. It is anchored by an extraordinary force of over 120,000 employees, belonging to 42 different nationalities.
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