Vishakha Mulye, MD & CEO, Aditya Birla Capital Ltd.
Aditya Birla Capital Ltd. (ABCL) plans to double its assets under management (AUM) over the next three years and scale the housing finance business’ AUM to ₹1 lakh crore over the next 24 to 36 months, among others.As at March-end 2026, ABCL, registered as a Non-Deposit taking investment Credit Company (NBFC-ICC) with the Reserve Bank of India, had AUM of ₹1,59,916 crore, up 27 per cent year-on-year (yoy). Sixty-eight per cent of the AUM comprises retail & SME loans, per ABCL’s latest annual report.ABCL’s wholly-owned subsidiary Aditya Birla Housing Finance Ltd (ABHFL) will scale its AUM to ₹ 1 lakh crore over the next 24–36 months, the report said. The subsidiary’s AUM grew 53 per cent yoy to stand at ₹47,452 crore as at March-end 2026.On April 17, 2026, ABHFL allotted 112.32 crore equity shares to Advent International on a preferential basis, pursuant to which ABCL holds 86 per cent stake in the housing finance company. ABHFL raised primary equity capital of ₹2,750 Crore from Advent International.Life Insurance Business Eyes Faster Premium GrowthAditya Birla Sun Life Insurance Company Ltd (ABSLI), which is a 51:49 joint venture between the Aditya Birla Group and Sun Life Financial Inc., Canada, will seek to grow its individual first-year premium (FYP) at over 20 per cent CAGR (compounded annual growth rate) over the next three years and keep expanding VNB (value of new business) margin above 18 per cent.The private sector life insurer’s individual FYP increased by about 14 per cent yoy to ₹5,275 crore as at March-end 2026. Its VNB margin expanded by 260 basis points yoy to 20.6 per cent in FY26.Kumar Mangalam Birla, Chairman, ABCL, observed that in FY26, the lending portfolio across the NBFC and housing finance businesses reached an all-time high of ₹2,07,368 crore as of March 31, 2026, up 32 per cent year-on-year.Further, total assets under management across asset management, life insurance and health insurance businesses grew 16 per cent year-on-year to ₹5,91,343 crore.Company Bets on Digital And AI-led TransformationVishakha Mulye, MD & CEO, ABCL, said: “We enter FY27 at a time of both opportunity and uncertainty, with a dynamic external environment shaped by evolving macroeconomic conditions. The next phase of our journey will be driven by our commitment to scale with discipline, innovate with purpose, and lead with responsibility.“We will continue to strengthen leadership across businesses, deepen customer engagement, and accelerate digital and AI-led transformation to build a future-ready financial services franchise.”Published on July 20, 2026
