In a strategic corporate overhaul, Aditya Birla Capital Ltd (ABCL) has completed the amalgamation of its wholly owned subsidiary, Aditya Birla Finance Ltd (ABFL), into the parent entity, creating a unified non-banking financial company (NBFC). With effect from April 1, 2025, and following approval from the National Company Law Tribunal (NCLT), Ahmedabad Bench, the consolidation marks a pivotal move toward streamlining operations, unlocking capital synergies, and reinforcing the Group’s ambition to play a leading role in India’s financial services ecosystem. The move comes as ABCL crosses significant financial milestones, cementing its credentials as a growth engine for the Aditya Birla Group.

Strategic Merger to Create a Larger, Unified NBFC

The merger of ABFL with ABCL was first approved in principle by both boards in March 2024, pending statutory and regulatory clearances. With all required nods now secured, the amalgamation has officially come into force from April 1, 2025, unifying two key arms of the conglomerate’s financial services operations.

This consolidation transforms ABCL into a singular, robust NBFC entity, combining the balance sheet strength and lending capabilities of its erstwhile subsidiary with the broader strategic ambitions of the holding company.

Leadership Transition Anchors New Corporate Structure

To helm the newly merged entity, the board has approved the appointment of Vishakha Mulye as Managing Director and Chief Executive Officer, and Rakesh Singh as Executive Director, subject to regulatory approval.

Additionally, Nagesh Pinge and Sunil Srivastav have been appointed as independent directors, bringing governance depth and industry experience to the restructured board.

This leadership slate reflects a blend of continuity and forward-thinking oversight—critical as ABCL enters its next phase of growth amid an evolving financial landscape.

Chairman’s Vision: Financial Services as a Core Growth Engine

Commenting on the milestone, Kumar Mangalam Birla, Chairman of the Aditya Birla Group, emphasized the strategic importance of the financial services arm within the broader group framework.

“The combined strength of our diversified financial products and services will enable us to accelerate growth, drive financial inclusion and be a key contributor to India’s economic expansion,” he said.

Birla underscored the role of ABCL as a critical pillar in the Group’s vision, particularly as India’s demand for integrated and accessible financial services deepens.

CEO Perspective: Simpler Structure, Sharper Focus

ABCL CEO Vishakha Mulye noted that the amalgamated structure brings greater capital efficiency, operational alignment, and market competitiveness.

“With a simplified corporate structure, we now have enhanced access to capital to support long-term growth and create stakeholder value,” Mulye said.

She emphasized that ABCL remains committed to offering comprehensive, customer-centric financial solutions spanning lending, insurance, asset management, and advisory services.

Enhanced Scale and Financial Performance Post-Amalgamation

As of December 31, 2024, the combined entity boasts:

Assets Under Management (AUM): Over Rs 5.03 lakh crore

Consolidated Lending Book: Rs 1.46 lakh crore

Gross Written Premium (Life and Health Insurance): Rs 16,942 crore (9M FY25)

Consolidated Revenue: Rs 28,376 crore (9M FY25)

Profit After Tax (PAT): Rs 2,468 crore (9M FY25)

These figures underscore ABCL’s standing as one of India’s most diversified and systemically important NBFCs. The merger is expected to deliver further momentum through cost synergies, streamlined compliance, and greater operational leverage.

Pan-India Presence and Distribution Strength

The unified entity has established a wide operational footprint:

1,482 branches across all lines of business

A network of 200,000+ agents and channel partners

Alliances with leading banks for distribution

This omnichannel distribution model provides ABCL with last-mile reach, enabling it to deliver credit, insurance, and wealth management services to both urban and semi-urban geographies.

Why This Merger Matters: Contextual Insights

In India’s evolving financial services sector, where regulatory expectations are rising and customer behavior is digitizing, scale and agility are no longer optional—they are imperative.

This merger enables ABCL to:

Consolidate regulatory compliance under a single umbrella

Reduce inter-company complexity and duplication of processes

Sharpen capital allocation across verticals

Improve risk management and product innovation cycles

It positions ABCL to better compete with private sector financial conglomerates, including HDFC Ltd (now merged with HDFC Bank), Bajaj Finserv, and Piramal Capital.

A Sharpened, Scalable Aditya Birla Capital

With the completion of this long-planned merger, Aditya Birla Capital has entered a new era—leaner, stronger, and more strategically aligned. The unification of lending operations under one umbrella not only boosts scale and capital efficiency, but also reflects the Group’s forward-looking strategy to build a financial services powerhouse that can evolve with India’s economic aspirations.

For stakeholders, this signals enhanced long-term value creation, stronger governance, and a renewed commitment to innovation in a highly competitive marketplace. For the Indian financial landscape, it introduces a more capable and focused player ready to address the financial needs of a new generation.