ABC – Aditya Birla Housing Finance Limited completely merged with ABCL
Aditya Birla Capital Limited (ABCL) has merged completely with its subsidiary Aditya Birla Finance Limited (ABFL) effective from 1st April. The merger is a strategic move to create a larger non-banking financial company. This strategy will enhance operational efficiency as well as increase financial stability.
The idea of merging Aditya Birla Finance with the parent company was brought to light last year. Thereafter, the idea went under various board approvals and various regulatory processes. The merger finally got approval from the National Company Law Tribunal (NCLT), Ahmedabad Bench, on 24th March 2025.
Along with the merger, some key leadership changes were also approved by the board. VishakhaMulye has been appointed as the Managing Director and CEO. Rakesh Singh has joined as the Executive Director of this combined entity. Furthermore, Nagesh Pinge and SunilSrivastav are appointed as independent directors in the company.
CEO Mulye said in an interview, “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.”
The Chairman of AdityaBirlaGroup, kumar manglam, emphasized the aim of the merger, which aligns ideally with the growth of the nation. Positioning ABCL as the main engine of the group will accelerate the strength of the financial products and services. This will not only contribute to India’s economic growth but also drive financial inclusion.
The company submitted a reported revenue of ₹28,376 crore and ₹2,468 crore profit post-tax in FY25 for the first nine months. ABCL has 1400+ branches across the country along with 200,000 agents and channel partners, creating a nationwide presence for the company.
The merger presents ABCL with numerous opportunities. Streamlining operations, boosting financial stability, and enhancing stakeholder engagement are some of the benefits of the merger. Also highlights the commitment of the group to supporting the economic growth of the nation.
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