Aditya Birla Finance Ltd., established in 1991, is one of India’s leading and most reputed NBFCs today, which boasts of a 26 years (considering we end the trajectory at 2017, please cross check once) journey journey of mono-line focus and diversification. Let’s take a look at the various milestones that we have crossed on our way, so far:
- 1991: Foray in NBFC business - Engaged in Capital Market & Corporate Finance segments
- 2005: BGFL was merged with AB Nuvo to consolidate financial services businesses under one roof
- 2009: BGFL renamed as Aditya Birla Finance
- 2011 (Rank 58 amongst NBFCs): Diversified its portfolio by foray in Mortgages & Infrastructure Finance segments; ICRA assigns Long Term rating of AA
- 2013: India Ratings & Research assigns long term rating of AA+ & short term rating of A1+; Certified as ISO 9001:2008 across all its core functional processes
- 2014: ICRA upgrades long term rating to AA+
- 2015: Lending book reaches USD 3.4 bn in Dec-15; Foray into Retail Unsecured
- 2016: Lending Book reaches USD 4.6 bn in Dec-16
- 2017 (Rank 5 amongst NBFCs): Lending book reaches USD 5.3 bn in Mar-17; Capital Adequacy ratio of 17.3% as of March-17; Foray into Digital Lending; Integrated the Wealth Management Business into ABFL, effective 1st April 2016
