Aditya Birla Capital - Stock TechnoFunda Ideas

Aditya Birla Capital (131 to 193)

#ABCAPITAL
Recommended on: 09-Nov-2022
Recommended Price: 131
Today’s High: 193
Till Date Return: 47.33%
Date High Made: 27-June-2023

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Aditya Birla Capital Limited: A Leading Financial Services Company

Aditya Birla Capital Limited (ABCL) is a leading financial services company that was incorporated on October 15, 2007. ABCL is a majority-owned subsidiary of Grasim Industries Limited and has a significant presence in multiple sectors, including non-banking financial company (NBFC), asset management, life insurance, health insurance, housing finance, private equity, general insurance broking, wealth management, broking, online personal finance management, and pension fund management.

Subsidiaries of Aditya Birla Capital Limited

As of March 31st, 2022, Aditya Birla Capital Limited manages aggregate assets under management over Rs. 3,706 billion, has a consolidated lending book of approx. Rs. 672 billion, and an active customer base of over 35 million, through its subsidiaries and joint ventures. The company has 19 Indian subsidiaries and 5 foreign subsidiaries (including step-down subsidiaries).

Aditya Birla Sun Life AMC Limited (ABSLAMC), a material subsidiary of the Company, filed a draft red herring prospectus (DRHP) dated 19th April 2021 with the Securities and Exchange Board of India for an initial public offering by way of an offer for sale (IPO) of up to 3,88,80,000 equity shares of face value of Rs. 5 each constituting up to 13.50% of the paid-up share capital of ABSLAMC, subject to relevant approvals as required and other considerations.

Performance of Aditya Birla Capital Limited

Aditya Birla Capital Limited has built a platform with high quality, significant scale, and a retail franchise over the years. The company has tripled net profit over the last five years and nearly doubled over the previous two years, despite several external challenges. The integrated and diversified model backed by motivated teams has helped to deliver consistent growth in profitability across economic cycles. As of March 31st, 2022, Aditya Birla Capital Limited manages aggregate assets under management