Aditya Birla Sun Life Pension Management Limited (“ABSLPML”), incorporated in 2015, is a wholly owned subsidiary of Aditya Birla Sun Life Insurance Company Limited. It is registered with the Pension Fund Regulatory and Development Authority (“PFRDA”) to act as the Pension Fund Manager of the NPS Trust under the National Pension System (“NPS”) to manage the pension funds for private sector in accordance with the applicable provisions of the NPS, the schemes, the guidelines issued by the Pension Fund Regulatory and Development Authority.
ABSLPML commenced its business from 05 May 2017.
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 pension fund management, 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 asset reconstruction.
Aditya Birla Capital, 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.