Aditya Birla Capital, the NBFC arm of Aditya Birla Group, has announced the successful completion of the amalgamation of its wholly owned NBFC subsidiary, Aditya Birla Finance.
Aditya Birla Capital also announced the appointment of Vishakha Mulye as the MD & CEO and Rakesh Singh as the Executive Director and CEO (NBFC) of the amalgamated entity. Nagesh Pinge and Sunil Srivastav have been appointed as Independent Directors of the Company.
Kumar Mangalam Birla, Chairman, Aditya Birla Group said, “India has shown remarkable economic ascent in recent years, with financial services playing a pivotal role in driving this progress. In line with the nation’s growth, Aditya Birla Capital has significantly expanded in scale and size, establishing itself as a core growth engine for the Aditya Birla Group. I am confident that 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 vast economic growth opportunities.”
Vishakha Mulye, CEO, Aditya Birla Capital said, “The successful completion of this amalgamation marks a significant step in our transformative growth journey, increasing our strength and agility as a unified larger operating entity. With a simplified corporate structure, we now have better access to capital to drive operational synergies, long-term growth and enhanced value creation for all stakeholders. We remain focused on simplifying finance and providing comprehensive financial solutions that meet our customers’ diverse needs, while paving the way for ABCL’s next phase of growth.”
