Aditya Birla Finance Limited (“ABFL”), a subsidiary of Aditya Birla Capital Limited is among the leading well-diversified non-banking financial services company in India. ABFL offers end-to-end lending, financing and wealth management solutions to a diversified range of customers across the country. ABFL is registered with RBI as a systemically important non-deposit accepting non-banking finance company (“NBFC”) and is amongst the top five largest private diversified NBFCs in India based on AUM.
For the Quarter ended 31st March 2020, ABFL has a lending book of Rs. 470.57 billion and a net worth of Rs. 80.78 billion. ABFL’s long-term credit rating of AAA (Stable) has been reaffirmed by ICRA in March 2020. ABFL also has long-term credit rating of AAA (Stable) by India Ratings, Perpetual debt credit rating of AA+ (Stable) by ICRA and AA+ (Stable) by India Ratings (Stable) and short-term credit rating of A1+ by ICRA & India Ratings.
ABFL caters to the varied needs of diverse set of customers ranging across retail, HNI, ultra HNI, micro enterprises, SME, mid and large corporates. ABFL offers customized solutions in areas of personal finance, mortgage finance, SME finance, corporate finance, wealth management, debt capital markets and loan syndication. The company has also created a unique online financing platform, ABFLDirect.com that provides quick, convenient and hassle-free services to retail and MSME customers.
Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Aditya Birla Group.
ABCL’s subsidiaries have a strong presence across Protecting, Investing and Financing solutions, ABCL is a universal financial solutions group catering to diverse needs of its customers across their life stages. Powered by more than 21,000 employees, the subsidiaries of ABCL have a nationwide reach with 850+ branches and more than 2,00,000 agents / channel partners and several bank partners.
As of March 31st, 2020, Aditya Birla Capital Limited manages aggregate assets under management over Rs. 3000 billion, has a consolidated lending book of approx. Rs. 600 billion and an active customer base of 20 million through its subsidiaries and joint ventures.
Aditya Birla Capital Limited is a part of the Aditya Birla Group, a US$ 48.3 billion Indian multinational, in the league of Fortune 500. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 36 countries across the globe.
Emergency Credit Line Guarantee Scheme (ECLGS)
A new facility in accordance with the Emergency Credit Line Guarantee Scheme (“Scheme”) is launched by NCGTC (National Credit Guarantee Trustee Company Ltd., Ministry of Finance, Government of India). Under the Scheme, an additional loan upto 20% of the outstanding as on 29th Feb 2020 can be extended, which facility will be valid for a period of 4 years with a 12-month principal moratorium.
This loan offer is subject to you complying with the following additional requirements, as specified under the Scheme:
Annual turnover of the entity for the Financial year 2019-20 is not greater than Rs. 100 Cr.
Overall fund based outstanding credit with all banks/NBFCs/FIs as on 29th Feb 2020 is not greater than Rs. 25 Cr.
No overdues beyond 60 days, across all banks/NBFCs/FIs as on 29th Feb 2020.
Availability of a valid GST registration, unless exempted.