Introduction to Aditya Birla Finance
Aditya Birla Finance is a leading financial services company that has been a pillar of trust and innovation in the Indian financial landscape. Being the financial wing of the Aditya Birla Group, Aditya Finance has emerged as a comprehensive solution provider for all your financial needs. It is powered by 42000+ employees and has over 1403 branches and has partnered with over 2 Lakh partners to distribute their products. As of September 2023, they have more than 4Lakh crore as AUM, with a lending book of more than 1.09 Lakh.
History
Aditya Birla Finance, part of the prestigious Aditya Birla Group, has a legacy dating back to its inception in 2007and they began to commence operations from 2009. In Dec 2014, the company has converted from private limited to public limited and was renamed as Aditya Birla Financial Services. Over the years, it has evolved and expanded to become a diversified financial services conglomerate, offering a portfolio of 13 business lines. The institution’s was rechristened as Aditya Finance in June 2017.
Vision and Mission:
Aditya Birla Finance’s vision and mission underscore its dedication to enhancing the financial well-being of its customers and contributing to their financial prosperity.
Vision: To be a leader and role model in the integrated financial business. Aditya Birla is committed to be a leader in all facets of business rather than merely being a participant.
Mission: Their mission is to become a preferred financial services brand of choice for all their customers’ needs across their life cycle
Key milestones
- 1998: Establishment of Aditya Birla Financial Services Limited (ABFSL)
- 2000: Merger of Birla AT&T with Tata Communications
- 2002: Acquisition of Grasim Industries, a leading cement and viscose staple fiber producer
- 2003: Launch of Aditya Birla Sun Life Mutual Fund, a joint venture with Sun Life Financial
- 2007: Formation of Aditya Birla Capital Limited (ABCL) as a holding company for all the group’s financial services businesses
- 2010: Acquisition of AIG Life Insurance Company, making ABCL the largest private life insurance company in India
- 2011: Acquisition of ING Vysya Bank, creating the fourth largest private sector bank in India
- 2014: Conversion of ABCL into a public limited company and listing on the Indian stock exchanges
- 2015: Acquisition of Aditya Birla Non-Banking Finance Company Limited (NBFC) and Aditya Birla Financial Services Australia Limited (ABFSL Australia)
- 2016: Launch of Aditya Birla Payments Bank, India’s first payments bank
- 2017: Acquisition of Universal Sompo General Insurance Company Limited, making ABCL the third largest private sector general insurance company in India
- 2019: Completion of the acquisition of Aleris Corporation, a leading global producer of aluminium rolled products, for US$2.8 billion
- 2020: Contribution of Rs. 500 crore towards COVID-19 relief measures
- 2021: Formation of Aditya Birla Capital International Holdings Limited (ABCIHL) to manage the group’s international financial services businesses
- 2022: Launch of Aditya Birla Health Insurance Company Limited, a new general insurance company focused on health insurance
Products and Services
Aditya Birla Finance offers a wide spectrum of financial products and services designed to address the diverse needs of its customers,
- Wealth Management
The institution provides wealth management services to help clients grow and manage their assets efficiently, including portfolio management, mutual fund investments, and more.
- Insurance Solutions
Aditya Birla Finance offers a range of insurance products, including life insurance, health insurance, and general insurance, to protect individuals and their assets.
- Investment and Savings Products
Customers can explore various investment and savings products, such as fixed deposits, recurring deposits, and systematic investment plans (SIPs), to secure their financial future.
- Loans and Mortgages
The institution offers diverse loan and mortgage solutions, including personal loans, home loans, and business loans, to meet the funding needs of individuals and enterprises.
- Retirement Solutions
Aditya Birla Finance provides retirement solutions and pension plans to help customers plan for a secure and comfortable retirement.
- Health and Wellness Solutions
The institution offers health and wellness solutions, including wellness programs, health check-ups, and healthcare financing options.
Corporate Social Responsibility (CSR) Activities
These CSR activities align with the institution’s vision of social responsibility, extending support to the most vulnerable sections of society and making a meaningful difference in the communities it serves.
Aditya Birla Finance is deeply committed to corporate social responsibility and actively engages in initiatives that make a positive impact on society. They are actively contributing to social causes such as Wish Foundation, Pride India, Indian Army, Go Sports Foundation, Don Bosco Tech, Indian Cancer Society,Lila Poonawalla Foundation, and Maharishi Ved Vyas Pratishthan and other NGOs and charity centres.
Key CSR activities include:
Educational Initiatives: The Company supports educational programs, scholarships, and infrastructure development for schools and colleges, promoting quality education.
Healthcare Initiatives: Aditya Birla Finance contributes to healthcare projects, particularly in underserved areas, aiming to improve healthcare facilities and services.
Environmental Sustainability: Aditya Birla Finance is committed to sustainable practices and reducing its environmental footprint, contributing to a greener and more sustainable future
Conclusion
In conclusion, Aditya Birla Finance is committed to enhancing financial well-being and making a positive impact on communities. Their journey, vision, mission, and values reflect their unwavering commitment to providing comprehensive financial solutions, making them a trusted and responsible player.
Customer Care:
Toll-Free: 1800 270 7000
Mail Id: care.finance@adityabirlacapital.com
(Note: The content provided is a creative representation and may not include all the specific details of Aditya Birla Finance’s current status. For the most accurate and up-to-date information, please refer to the official Aditya Birla Finance website.)