07 November 2017Share
Note 1: Aditya Birla Nuvo Limited transferred its 51 per cent stake in Aditya Birla Sun Life Insurance Co. Limited to Aditya Birla Capital Limited w.e.f. 23 March 2017. Previous year financials have been restated including earnings of Aditya Birla Sun Life Insurance Co. Limited to make performance comparable.
Aditya Birla Capital Limited (ABCL) today announced its financial results for the second quarter of FY 2018. ABCL, formerly known as Aditya Birla Financial Services Limited, is the holding company of the financial services business of the Aditya Birla Group.
ABCL was listed on the stock exchanges on 1 September 2017 as the culmination of the composite scheme of arrangement under which Aditya Birla Nuvo Limited (ABNL) merged with Grasim Industries Limited (Grasim), and the financial services undertaking was subsequently demerged into ABCL.
Business level highlights:
Aditya Birla Finance Limited (ABFL)
ABFL ranks among the top 5 private diversified NBFCs in India. ABFL continues to have consistent, strong growth with a focus on high asset quality, robust risk management and profitability.
Aditya Birla Housing Finance Limited (ABHFL)
ABHFL is a fast growing housing finance company. The business is currently operating with 42 branches and over 2,000 channel partners pan India.
Aditya Birla Sun Life AMC Limited (ABSLAMC)
ABSLAMC is the 4th largest and one of the fastest growing asset management companies in India.
Aditya Birla Sun Life Insurance (ABSLI)
ABSLI is a significant private life-insurer in India.
Aditya Birla Health Insurance Company Limited (ABHI)
ABHI is a fast growing health insurance provider with a differentiated offering and business model.
Aditya Birla ARC Limited (ABARC) has received “in principle” approval from the Reserve Bank of India on 22 September 2017 to set up an “Asset reconstruction company”.
ABCL is in a unique position of being able to provide universal financial solutions to meet customers’ money needs for life. ABCL’s focused customer-centric approach under a single brand “Aditya Birla Capital” will ensure it continues to chart a differentiated, accelerated and disciplined path to growth. ABCL has built a leadership position in a number of businesses and ranks amongst the top fund managers in India. Anchored by more than 14,500 employees, ABCL has a nationwide reach through over 1,300 points of presence and more than 150,000 agents / channel partners.
About Aditya Birla Capital Limited
Aditya Birla Capital Limited (ABCL) is the holding company of all the financial services businesses of the Aditya Birla Group. With a strong presence across the life insurance, asset management, private equity, corporate lending, structured finance, project finance, general insurance broking, wealth management, equity, currency and commodity broking, online personal finance management, housing finance, pension fund management and health insurance business, ABCL is committed to serving the end-to-end financial services needs of its retail and corporate customers. Anchored by more than 14,500 employees, ABCL has a nationwide reach through over 1,300 points of presence and more than 150,000 agents / channel partners. Aditya Birla Capital is a part of the Aditya Birla Group, a USD 40 billion Indian multinational, in the league of Fortune 500. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 36 countries across the globe. About 50 per cent of its revenues flow from its overseas operations.
Disclaimer : Certain statements in this “Media Release” may not be based on historical information or facts and may be “forward looking statements” within the meaning of applicable securities laws and regulations, including, but not limited to, those relating to general business plans &; strategy of the Company, its future outlook &; growth prospects, future developments in its businesses, its competitive &; regulatory environment and management''s current views &; assumptions which may not remain constant due to risks and uncertainties. Actual results could differ materially from those expressed or implied. The Company assumes no responsibility to publicly amend, modify or revise any statement, on the basis of any subsequent development, information or events, or otherwise. This “Press Release” does not constitute a prospectus, offering circular or offering memorandum or an offer to acquire any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of the Company’s shares. The financial figures in this “Press Release” have been rounded off to the nearest Rs. one Crore. The financial results are consolidated financials unless otherwise specified.