Aditya Birla Financial Services (ABFS) is an umbrella brand for all the financial service businesses of the Aditya Birla Group. ABFS has a diversified portfolio with 12 lines of businesses. It has a significant presence across life insurance, asset management, non-banking financial companies (NBFC), infrastructure project & structured finance, private equity, broking, wealth management & distribution, general insurance broking & risk management services and online money management. It has recently forayed into Housing Finance business. It has also entered into a JV agreement with MMI Holdings Ltd. (a leading South African Insurance based financial services group) to enter Health Insurance business in India.
ABFS ranks among the top 5 fund managers in India (excluding LIC). It enjoys the trust of about 7 million customers and manages assets worth Rs.185,515 Crore as on 31st December 2015. Its lending book is at (Including Housing) Rs. 23,442 Crore as on 31st December 2015.
ABFS has a talent pool of about 11,750 committed employees. The combined presence is spread across more than 500 cities in India through more than 1,350 branches / touch points and over 1,20,000 channel partners. With Rs. 7,926 crore in revenues, ABFS has created a significant presence in the non-banking Financial services arena. It posted an EBITDA of Rs. 911 Crore in FY15.