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Economic Times
5 days ago
- Business
- Economic Times
Aditya Birla Capital invests Rs 249 crore in its subsidiary ABHFL to fund growth, improve leverage ratio
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Aditya Birla Capital Limited on Friday announced that it has made an investment of Rs 249 crore in its wholly owned subsidiary, Aditya Birla Housing Finance Limited "Aditya Birla Capital Limited ('the Company' or 'ABCL') has made an investment of Rs 249 crore on rights basis, in the equity shares of Aditya Birla Housing Finance Limited ('ABHFL')," said the company said that the investment is to fund growth and improve its leverage ratio of ABHFL. "Percentage shareholding of ABCL in ABHFL continues to remain at 100%," said the company through a stock exchange Aditya Birla Capital had announced an infusion of Rs 300 crore into its subsidiary Aditya Birla Housing Finance through a rights Aditya Birla Capital, a non-deposit taking non-banking financial company (NBFC), reported an over 30 per cent decline in consolidated net profit at Rs 865 crore for three months ended March 31, 2025. The company had posted a net profit of Rs 1,245.41 crore in the same quarter of the preceding fiscal year. Its total income grew to Rs 12,239 crore in the January-March quarter of the financial year 2024-25 (FY25), from Rs 10,803 crore in the year-ago period, Aditya Birla Capital said in a regulatory filing to the stock exchanges. The company said its board approved raising of funds by issuance of debt securities including non-convertible debentures (NCDs) for an aggregate amount not exceeding Rs 1,65,000 a separate statement, the company said that overall lending portfolio -- NBFC and HFC -- grew by 27 per cent year-on-year to Rs 1,57,404 crore as on March 31, 2025. Also, the total AUM -- AMC, life insurance and health insurance -- grew by 17 per cent year-on-year to Rs 5,11,260 crore, as on March 31, 2025. The total premium (life insurance and health insurance) climbed 22 per cent year-on-year to Rs 25,579 crore in FY25.
Time of India
5 days ago
- Business
- Time of India
Aditya Birla Capital invests Rs 249 crore in its subsidiary ABHFL to fund growth, improve leverage ratio
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Aditya Birla Capital Limited on Friday announced that it has made an investment of Rs 249 crore in its wholly owned subsidiary, Aditya Birla Housing Finance Limited "Aditya Birla Capital Limited ('the Company' or 'ABCL') has made an investment of Rs 249 crore on rights basis, in the equity shares of Aditya Birla Housing Finance Limited ('ABHFL')," said the company said that the investment is to fund growth and improve its leverage ratio of ABHFL. "Percentage shareholding of ABCL in ABHFL continues to remain at 100%," said the company through a stock exchange Aditya Birla Capital had announced an infusion of Rs 300 crore into its subsidiary Aditya Birla Housing Finance through a rights Aditya Birla Capital, a non-deposit taking non-banking financial company (NBFC), reported an over 30 per cent decline in consolidated net profit at Rs 865 crore for three months ended March 31, 2025. The company had posted a net profit of Rs 1,245.41 crore in the same quarter of the preceding fiscal year. Its total income grew to Rs 12,239 crore in the January-March quarter of the financial year 2024-25 (FY25), from Rs 10,803 crore in the year-ago period, Aditya Birla Capital said in a regulatory filing to the stock exchanges. The company said its board approved raising of funds by issuance of debt securities including non-convertible debentures (NCDs) for an aggregate amount not exceeding Rs 1,65,000 a separate statement, the company said that overall lending portfolio -- NBFC and HFC -- grew by 27 per cent year-on-year to Rs 1,57,404 crore as on March 31, 2025. Also, the total AUM -- AMC, life insurance and health insurance -- grew by 17 per cent year-on-year to Rs 5,11,260 crore, as on March 31, 2025. The total premium (life insurance and health insurance) climbed 22 per cent year-on-year to Rs 25,579 crore in FY25.
Fashion Value Chain
30-04-2025
- Business
- Fashion Value Chain
Aditya Birla Capital Digital Launches Digital Gold SIP on the ABCD Mobile App
Aditya Birla Capital Digital Limited ('ABCDL'), the digital-first D2C arm of India's leading financial services company, Aditya Birla Capital, today, announced the launch of Digital Gold SIP – a systematic investment plan that enables users to invest in digital gold starting at just Rs. 50 for weekly SIPs and Rs. 100 for monthly SIPs. This feature is available on the ABCD mobile app. Customers can invest in digital gold SIP starting as low as Rs. 50 Digital Gold SIP brings together India's widely adopted investment method, with an asset class deeply rooted in tradition. By enabling regular, automated investments, it helps investors navigate market fluctuations over time through the power of compounding. The offering is backed by 24-Karat physical gold stored in secure, insured vaultsmanaged by MMTC-PAMP (a JV between Swiss bullion brand PAMP and Minerals and Metals Trading Corporation Limited, a Government of India undertaking). The ABCD app combines both gifting and SIP features under Digital Gold to help customers plan, save, and gift gold easily through a structured investment model, without the hassles of storage, security or making charges. Mr. Pankaj Gadgil, MD & CEO, Aditya Birla Housing Finance Ltd., and Head, Digital Platforms and Payments Strategy, Aditya Birla Capital said, 'Gold is an important asset class for wealth diversification, deeply rooted in tradition and trust. While physical gold continues to hold its timeless appeal, new-age investors are seeking more affordable, accessible and reliable ways to invest. Our Digital Gold SIP provides a seamless and systematic approach to investing in gold, and help investors build wealth with ease and demand for gold continues to rise and diversification becomes a priority, we are confident that Digital Gold SIP will emerge as a smart, hassle-free investment choice.' In addition to Digital Gold, the ABCD app also offers Digital Silver, which is backed by 24-Karat physical silver and stored in secure vaults. It provides flexible options to buy, hold or redeem at any time. With silver's growing appeal across sectors like EVs, solar energy, and technology, Digital Silver presents a smart, future-ready investment option for diversification. About Aditya Birla Capital Limited Aditya Birla Capital Limited ('ABCL') is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. Through its subsidiaries/JVs, ABCL provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 59,000 employees, the businesses of ABCL have a nationwide reach with over 1,482 branches and more than 200,000 agents/channel partners along with several bank partners. As of December 31, 2024, Aditya Birla Capital Limited manages aggregate assets under management of over Rs. 5.03 Lakh Crore with a consolidated lending book of over Rs 1.46 Lakh Crore through its subsidiaries/JVs. Aditya Birla Capital Limited is a part of the US$66 billion global conglomerate Aditya Birla Group, which is in the league of Fortune 500. Anchored by an extraordinary force of over 187,000 employees belonging to 100 nationalities, the Group is built on a strong foundation of stakeholder value creation. With over seven decades of responsible business practices, the Group's businesses have grown into global powerhouses in a wide range of sectors – from metals to cement, fashion to financial services and textiles to trading. Today, over 50% of the Group's revenues flow from overseas operations that span over 40 countries in North and South America, Africa, Asia, and Europe. For more information, visit
Business Upturn
22-04-2025
- Business
- Business Upturn
Aditya Birla Capital gets IRDAI nod to operate as composite corporate agent
By Aditya Bhagchandani Published on April 22, 2025, 17:18 IST Aditya Birla Capital Limited has announced that it has secured approval from the Insurance Regulatory and Development Authority of India (IRDAI) to operate as a Corporate Agent (Composite). The license, granted on April 21, 2025, allows the company to solicit Life, General, and Health Insurance products under the Insurance Regulatory and Development Authority of India (Registration of Corporate Agents) Regulations, 2015. With this development, Aditya Birla Capital is now positioned to offer a full suite of insurance solutions across life, health, and general insurance categories to its customers. The license will remain valid for a three-year period, from April 21, 2025 to April 20, 2028. In its official communication to the exchanges, the company emphasized that this approval will significantly enhance its ability to provide a comprehensive bouquet of insurance services, aligning with its strategic aim to strengthen its presence in the insurance distribution space. There have been no cancellations, suspensions, or penalties associated with this approval, and the company has confirmed that this move is expected to have a positive impact on its business prospects going forward. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
