Aditya Birla Financial Services (ABFS) is an umbrella brand for all the financial service businesses of the Aditya Birla Group. Company are a significant player in the non-banking financial services space and rank among the top 5 fund managers in India (excluding LIC) with an AUM of INR 185,515 Crore as on 31st December 2015. Having a strong presence across the life insurance, asset management, private equity, general insurance broking, wealth management, broking, online personal finance, housing finance, pension fund management and NBFC, ABFSG is committed to serve the end-to-end financial services needs of its retail and corporate customers.
ABFSG is in the process of seeking a licence from IRDAI for launching health Insurance business in a joint venture with MMI Group of South Africa. For the 9 months ended 31st December 2015, ABFSG reported consolidated revenue from these businesses at Rs. 6,270 Crore and earnings before tax of Rs. 743 Crore. Anchored by about 11,500 employees and trusted by over 7.4 million customers, ABFSG has a nationwide reach through 1,350 points of presence and about 112,000 agents / channel partners.
Aditya Birla Financial Services (ABFS) is a part of Aditya Birla Nuvo Limited (ABNL), a US$ 4.4 billion conglomerate having a leadership position across its manufacturing as well as services sector businesses.