aditya birla group : a strong parentage · pdf file2 our values – integrity, commitment,...

2 Our Values – Integrity, Commitment, Passion, Seamlessness, Speed

Aditya Birla Group : A strong parentage

A USD 40 billion Indian multinational, Aditya Birla Group is in the league of fortune 500

Operating in 36 countries across 6 continents deriving over 50% of revenue from overseas operations

Among the largest and the most reputed business houses in India

Flagship listed companies: Aditya Birla Nuvo (Conglomerate), Grasim & Ultratech (VSF & Cement),

Hindalco - Incl. Novelis (Aluminium & Copper), Idea Cellular (Telecom)

Ranked 4th in global top companies for leaders & 1st in Asia Pacific (Source: Aon Hewitt, Fortune Magazine & RBL - 2011)

Ranked 1st in Nielsen’s Corporate Image Monitor 2014-15 – Occupying pole position for 3 consecutive years

Anchored by 120,000 employees from 42 nationalities. Trusted by 1.2 Mn shareholders & 160 Mn customers

In India

Leadership Aluminium, Cement, Carbon Black, VSF, VFY,

Position Branded Apparels, Copper, Chlor-alkali,

Insulators (in terms of capacity/production/sales)

Top 3 Telecom (in terms of wireless revenue market share)

Top 5 Life Insurance (in private sector in terms of AUM)

Asset Management (in terms of average AUM)

Global positioning

Largest Indian MNC with manufacturing operations in the US Aluminium World’s largest aluminium rolling unit

VSF World’s largest manufacturer

Carbon Black World’s largest in terms of capacity

Cement Among top 10 manufacturers in the world

3

Aditya Birla Financial Services

A significant non-bank financial services group

4

Aditya Birla Financial Services (ABFS)

Note 1 : Includes AUM of Life Insurance, Private Equity and quarterly average AUM of Asset Management business

Market Positioning

Among the top 5 fund

managers in India

AUM

USD 27.5 billion1

(` 164,995 Crore : 35%↑ y-o-y)

NBFC Lending Book

USD 3 billion

(` 17,550 Crore : 52%↑ y-o-y)

Diversified Portfolio

Having 10 lines

of businesses

Revenue

USD 1.3 billion

(` 7,926 Crore : 19%↑ y-o-y)

Earnings before Tax

USD 141 million

(` 849 Crore : 17%↑ y-o-y)

A significant non-bank financial services group

5

To be a

leader and

role model in a

broad based and

integrated financial services

business

ABFS : Our Vision

Committed to being a leader in all facets of our businesses

Building leadership on pure merit, endeavour to be best in class

Striving to meet all the life & health assurance, savings, wealth

management and financing needs of customers

Integrated play to gain competitive edge and derive synergies

6

ABFS is progressing as envisioned

1991 2001

2014

2015

Consolidation of

financial services

businesses under one

Aditya Birla Nuvo

Acquisition of Alliance

mutual fund

Foray in Housing Finance business

Acquired mutual fund schemes & portfolio

accounts from ING Mutual Fund

IFC became strategic financial investor in

MyUniverse

Signed MoU with MMI Holdings to enter

health insurance business in India

Building leadership position, entering strategic partnerships and investing in promising sectors

1994

Foray in Mutual

Fund business

2005

2011-12

2008

Foray in Life Insurance

business through JV

with Sun Life, Canada

Foray in the

NBFC business

Entered retail

broking through

acquisition of

Apollo Sindhoori

Launched India’s

largest online money

management portal

“MyUniverse”

Diversified with 10 lines of businesses

AUM reaches USD 27.5 billion

Lending book reaches USD 3 billion

2010-11

Launched Private

Equity Fund

1999

Acquisition of

schemes of Apple

mutual fund

7

Among the top 5 fund managers in India

Managing assets worth ` 1,64,995 Crore and lending book worth ` 17,550 Crore

Diversified portfolio with 10 lines of businesses*

Anchored by 10,700 employees & trusted by over 6 million customers

Nation wide customer reach through 1,350 branches / touch points and 127,500 agents / channel partners

ABFS : A significant non-bank financial services group

Meeting almost all the non-banking financial products and services requirements of customers

We

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Broad based and Integrated Play

Power of One

*Signed MoU with MMI holdings (a leading South African insurance based financial services group) to enter health insurance business in India

8

ABFS : Sound growth in AUM and earnings

3,500

4,778

5,860 6,304 6,542 6,378 6,637

7,926

FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15

( ` Crore)

Revenue

-393

-645

-309

368 600

761 727 849

FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15

( ` Crore)

Earnings before Tax

( ` Crore)

Assets under Management

51,445 57,825

83,471 88,309 88,371 1,07,539

1,22,362

1,64,995

Mar'08 Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15

9

Aditya Birla Finance (NBFC) (100%)

Aditya Birla Housing Finance (100%)

Birla Sun Life Asset Management (51%)

Aditya Birla Private Equity (100%)

Aditya Birla Insurance Brokers (50.01%)

Aditya Birla Money (75%) #

Aditya Birla Money Mart (100%)

Aditya Birla Money MyUniverse (100%)

Aditya Birla Financial

Services Ltd.

Aditya Birla Nuvo

Limited (ABNL) #

Birla Sun Life

Insurance Co. Ltd.

74% 100%

ABFS : Our Brands and Structure

Note : Percentage figures indicated above represent ABNL’s shareholding in its subsidiaries

# Listed

10

Aditya Birla Finance Limited

A leading NBFC in India

11

Aditya Birla Finance Limited (ABFL)

Market Positioning

One of the India’s pioneer &

most reputed NBFCs

Experienced Management

Over 200 man years of domain

expertise in financial services

Lending Book

USD 3 billion

(6 years CAGR @ 75%)

Well Diversified Portfolio

Mortgages, Corporate Finance,

Capital Market, Infrastructure

Finance and Debt Syndication

Strong Parentage Support

Capital Infusion of ` 1,720 Crore

in past 6 years to support growth

Robust Risk Management

Leading to healthy book and

Return ratios

A leading NBFC in India

12

ABFL : Journey

1991

2009

2015

Diversified its portfolio and expanded its lending book while keeping risk under control

2005

2014

2011-12

2013

Foray in NBFC business-

Engaged in Capital Market &

Corporate Finance segments

Lending book reaches

USD 3 billion

BGFL was merged with

Aditya Birla Nuvo – a move to

consolidate financial services

businesses under one roof

Certified as ISO 9001:2008 across all

its core functional processes by BSI,

a leading global independent

business services organization

India Ratings &

Research assigns long

term rating of AA+ &

short term rating of A1+

ICRA upgrades long

term rating to AA+

Diversified its portfolio by

foray in Mortgages & Infra

Finance segments

BGFL renamed as

Aditya Birla Finance

13

Customized financing solutions

to meet working capital and

growth finance needs of SMEs,

mid and large corporate clients

Customized property backed

loans to fund growth capital

requirements for business

Providing finance against

capital market securities to the

customers to meet their

liquidity requirements

Project & structured funding to

infrastructure & other emerging

sectors. Debt syndication team

help raise debt & equity funding

ABFL : Product Suite

Corporate Finance Mortgages Capital Market Infrastructure Finance

SME Loans

Structured Finance

Working Capital Loans

Term Loans

Supply Chain Financing

Solutions

Corporate Bills

discounting

Treasury Risk Solutions

Loan Against Property

Lease rental discounting

Construction Finance

Commercial property

purchase loan

Loan against shares

Promoter Funding

Loan against mutual fund

Loan against Life

Insurance policies

IPO financing

Margin trade funding

ESOP financing

Project Finance

Mezzanine Finance

Bridge Finance

Corporate Loans

Loan syndication

Debt Capital Market

14

ABFL : Growth and diversification of lending book

Lending book reached USD 3 billion mark

Grew at a robust CAGR of 75% since Mar’09

Built a well diversified portfolio for

sustainable growth

Strong capital support from parent &

internal accruals funding growth

Net worth grew 12x from ` 211 Crore

in Mar’09 to ` 2,585 Crore in Mar’15

Capital of ` 1,720 Crore was infused

during this period to support growth

More than 80% of lending book is secured

600 900 1,850

3,425

8,000

11,550

17,550

Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15

Lending book

(` Crore)

Capital Market 24%

Corporate Finance

23% Infra Finance

23%

Mortgages 29%

Others 1%

FY15

Capital Market

55%

Corporate Finance

16%

Others 29%

FY09

15

ABFL : Robust growth in earnings and book value

143 142 196 348

715

1,201

1,776

FY09 FY10 FY11 FY12 FY13 FY14 FY15

Revenue

(` Crore)

44 46 55 84

147

251

411


Earnings Before Tax

(` Crore)

30 30 37 56

100

166

271


Net Profit after Tax

(` Crore)

211 235 497 628

1,079

1,769

2,585


Net Worth

(` Crore)

16

Return on average Assets (ROA)

(%)

2.11% 2.19%

1.92% 1.85%

2.00%

FY11 FY12 FY13 FY14 FY15

ABFL : Healthy Credit Quality and Return Ratios

Growth accompanied by robust credit appraisal and risk management practices

Opex to Net Interest Income

(%)

39%

35% 36%

31% 29%


Return on average Equity (ROE)

(%)

10.2% 11.4%

14.3% 13.1%

14.6%


1.16% 1.23% 1.29%

0.90%

0.84% 0.83%

0.58%

0.32%

FY12 FY13 FY14 FY15

Gross NPA Net NPA

Provision

Coverage Ratio 28% 33% 55% 64%

17

FY12-13 FY13-14 FY14-15

Total Income / Average Loan Book 13.8% 13.5% 13.1%

Interest Cost / Average Loan Book 8.4% 8.3% 8.2%

Net Interest Income (Incl. Fee income) 5.4% 5.1% 5.0%

Opex / Average Loan Book 1.9% 1.5% 1.5%

Provisioning & Write-offs / Average Loan Book 0.6% 0.8% 0.5%

ROA 1.92% 1.85% 2.0%

Spread Analysis

NPA provisioning norms at ABFL are more stringent than RBI norms for NBFCs

Provision in excess of RBI norms is ` 49 Crore as on 31st Mar’15

18

FY12-13 FY13-14 FY14-15

Capital Adequacy Ratio (Minimum 15% as per RBI) 17.51% 18.54% 16.94%

Tier-I 12.92% 14.47% 13.98%

Tier-II 4.59% 4.07% 2.96%

Borrowings (` Crore) 6,867 9,647 14,594

Leverage (x) 6.4x 5.5x 5.6x

No. of Employees 247 343 394

Average Revenue per Employee (` Crore) 3.2 4.1 4.8

Summary and Key Ratios

Healthy borrowings Profile

Long term debt rating of AA+ from ICRA, CARE & India Ratings

A1+ rating for short term debt

Out of total borrowings 73% is long term

Well placed ALM strategy

Term Loans (Banks)

44%

Cash Credit / WCDL

11%

CP's 16%

NCD's 25%

Sub Debt 4%

Borrowings Mix (31st Mar’15)

19

Presence expanded from 9 cities in

2011 to 21 cities in 2015

Targeting to expand the reach to

30 cities in next two years

Deepening penetration in

current & new geographies with

multi locations

A balanced mix of Tactical and

above the line marketing for greater

Brand Awareness

Delhi / Noida / Gurgaon

Pune

Chennai

Ahmedabad

Bengaluru

Chandigarh

Jaipur

Ludhiana

Kolkata

Surat

Rajkot Indore

Raipur

Hyderabad

Nagpur

Coimbatore

Mumbai /

Navi Mumbai

Expanding Foot Print & increasing brand awareness

Bhubaneswar

20

ABFL : Key Enablers for future growth

Corporate Finance Mortgages Capital Market Infrastructure Finance

Focus on structured

funding & syndication in

strength areas

Build a strong SME

vertical

Leverage existing

customer base through

direct marketing

Capitalising on Aditya

Birla Group ecosystem for

supply chain funding

Loan Against Property

Deeper penetration in

current geographies with

multiple locations

Expanding retail book

through DSA

Lease rental discounting

Focus on large ticket

transactions with premier

customers


Deeper relationships with

top developers

Enhancing geographical

footprint across locations

Keeping focus on existing

relationships in promoter

segment with selective

Mid-cap Promoter funding

& Structured Finance

Augment online

capabilities to build retail

customer base

Focus on customer

retention & enhanced

utilisations

Upsizing exposure to

known pedigreed

corporate groups

Moving up the customer

value chain through

• Underwriting &

syndication to provide

one stop solution

• DCM transactions to

facilitate penetration in

the low risk NCD/Bond

Market

Enablers across segments to support planned growth

Expanding product portfolio Effective use of technology to enhance productivity

Broad base liability mix Leveraging preferred employer brand to attract & retain talent

Other enablers for future growth

21

Experienced Management Team

Rakesh Singh, Chief Executive Officer

21 years of financial services experience with domain expertise in SME & commercial finance, Commercial Real Estate &

Mortgage Lending, consumer lending products, capital market offerings & wealth management products

Joined ABFL as CEO in July 2011 and in a short span has transformed the business. Prior to this he has spent 16 years in

Standard Chartered Bank including as Value Centre General Manager & Head – SME Banking business India & South Asia.

Director on the Board of Aditya Birla Housing Finance Limited

Member of CII and FICCI. Honorary Member on the Advisory Board of London Education Management Consultants. On the

Board of studies for Narsee Monjee Institute of Management Studies

Executive Program in Business management from IIM Calcutta, MBA (Marketing) & Post graduation in International Relations

from University of Lucknow

Tushar Shah, Chief Executive Officer, Infrastructure Project & Structured Finance

20 years of relevant experience in financial services

Under his leadership, Aditya Birla Finance has taken rapid strides in Project linked lending, Structured Finance, Debt Capital

Markets & Syndication.

Prior to joining Aditya Birla Finance in 2011, Tushar was the Chief Operating Officer of IL&FS Financial Services Ltd, where he

was responsible for business development and managed debt assets of USD 1.6 billion

Bachelor of Law from Mumbai University & member of the Institute of Chartered Accountants of India since 1988

Sachinn Joshi, Chief Financial Officer

More than two decades of rich experience in financial services

As a CFO of ABFL, he is responsible for providing strategic leadership to the function

A 12 year stint with IL&FS Investsmart Ltd. as CFO, COO & Executive Director –Finance & Operations

Worked as Executive Director & CFO at Angel Group as part of the core team responsible for all strategic business decisions

Business Leadership Program from IIM Calcutta, a law graduate and a qualified Chartered Accountant and Cost Accountant

22

Board of Directors

Mr. Bishwanath Puranmalka

Mr. Puranmalka has many years of experience in implementation and running of Viscose Staple Fibre plant at Nagda

(M.P.), Urea plant in U.P., Copper Smelter in Gujarat and Exports Division of Grasim in Delhi.

He has also looked after the development of Captive Power Plants

Qualification : F.C.A., F.C.S. and L.L.B

Mr. Darius J. Kakalia

As a commercial Lawyer, Mr. Kakalia has an extensive transaction practice and court practice with expertise in corporate

commercial matters, setting up of Joint Ventures, Mergers and Acquisitions, ADR’s and GDR’s as well as real estate

transactions and disputes and litigations related to these sectors and areas of practice.

Over the years he has specialized in the power sector, acting for large Power Companies and has advised consortiums for

the bids with respect to the 4000 Mw Ultra Mega Power projects that have recently been proposed by the Power

Corporation of India. He has regularly appeared before the MERC, the Bombay High Court and in the Supreme Court of

India with respect to various litigations relating to disputes in the power sector.

Qualification : B. Com, L.L.B.

Mr. Ajay Srinivasan

Mr. Srinivasan has rich and vast experience of 20 years in Financial Services Sector.

He was previously with Prudential Corporation Asia as the Chief Executive, Fund Management, based in Hong Kong. He

was with Prudential Corporation since 1998 and has held various positions starting as managing Director, Prudential ICICI

Asset Management Company Ltd. He moved to set up Prudential’s Fund Management business in Asia in 2001 and from a

standing start expanding the business to 10 markets and to become one of the leading fund managers in Asia with close to

US$ 70 Billion in Funds under management.

Qualification : M.B.A. from IIM-Ahmedabad

23

Board of Directors … Continued

Mr. Jitender Balakrishnan

Mr. Balakrishnan is an Adviser to IDBI Bank and was Deputy Managing director and group head of IDBI Bank, responsible

for complete credit advances of USD 25 billion. He served as a member on IDBI’s Credit Committee, Asset Liability

Management Committee and investment Committee.

He has wide experience in sectors like Oil and Gas, Refineries, Power, Telecom, Airports, Roads, Ports, Steel, Cement,

Fertilizers, Petrochemical, Hotel, Pharmaceuticals, Paper.

Qualification : B.E. (Mech) from National Institute of Technology (NIT), Madras University. Post Graduate Diploma in

Industrial Management, Bombay University

Mr. Ashwani Kumar Puri

He is a financial and accounting professional with extensive experience in investment/ acquisition and advisory services,

valuation and decision analysis, business and financial restructurings, dispute analysis and forensics.

He was with PriceWater House Coppers for 34 years, 22 of these as Partner/ Executive Director and has served in various

positions. His select Financial Services Clients include Asian Development Bank, Asset Reconstruction Company (India)

Limited, Cerberus, Citigroup, Deutsche Bank, ICICI bank, IDBI, IFCI, Industrialization Fund for Developing Countries/

Denmark, Standard Chartered Bank, USAID, WL Ross & World Bank.

Qualification : Chartered Accountant, the Chartered Institute of Management Accountants, London

Ms. Alka Barucha

Ms. Barucha began her career with Mulla & Mulla & Craigie Blunt & Caroe and joined Amarchand & Mangaldas as partner

in 1992. In 2008, she co-founded Bharucha & Partners which, since inception, has been ranked by RSG Consulting, London

among top 30 firms in India. For years Ms. Alka has been ranked by Chambers Global, Legal 500 and Who’s Who Legal

etc. amongst India’s leading lawyers.

Her core areas of expertise are M&A, joint venture, private equity, banking & finance, establishment of mutual funds,

providing regulatory advice to FIIs, foreign venture capital investors, merchant bankers & other financial intermediaries. She

has experience in financial services, telecommunications, power & logistics sector and has also represented trans-national

corporations for investments in retail, defence & manufacturing space.

Qualification : B.A. (Hons) and LL.B from University of Bombay & LL.M from University of London. She is also practicing as

a Solicitor, High Court, India and Supreme Court of England and Wales.

24


Business Segments

25

ABFL : Capital Market Portfolio

Market Leader

Crossed ` 4,000 Crore mark

Portfolio diversification, client

selection & active management

key to sustainable growth

Securities based lending market size has doubled in 4 years

ABFL improved its ranking from # 6 in 2011 to # 1 in Dec’14 and

its market share has almost doubled

Focus on HNI segment

Broad base sourcing channel & asset classes

Selective underwriting and active review of loan book

Gross disbursement of ` 8,750 Crore loans in FY15

Promoter Funding

35%

Loan against bonds 11%

Broker Funding

21%

Retail Lending 33%

Capital Market Portfolio Mix

(FY15)

325 610 1,250 1,625

2,750 3,200

4,150


Capital Market Portfolio

(` Crore)

26

ABFL : Corporate Finance Portfolio

Reached ` 4,000 Crore mark

Leveraging Aditya Birla Group

(ABG) eco-system for supply

chain funding. Knowledge

being deployed to fund supply

chain of other large Corporate

Steady growth in loan book across key segments

Number of accounts grew more than 4 times in past four years

Large sanctioned pipeline

Focus on increasing distribution channels and footprint

Funding to ABG vendors contribute to 23% of loan book.


100 80 450

875

1,650

2,700

4,000


Corporate Finance Portfolio

(` Crore)

Corporate Finance Portfolio Mix

(FY15)

Channel / Vendor Finance

22%

Bills Discounting 4%

WCDL 23%

Term Loan 51%

27

ABFL : Mortgages Portfolio


Deepening geographical

presence in existing & new

locations

Commenced in 2011 – Grew multi-fold in past three years

Largest contributor to ABFL’s loan book

Focus on expanding retail footprint : ~ 30% of book is retail

Almost 100% of loan book is secured with NIL NPA

Key relationships established with Premier Developers


65

1,400

2,970

5,075

Mar'12 Mar'13 Mar'14 Mar'15

Mortgages Portfolio

(` Crore)

Mortgages Portfolio Mix

(FY15)

Loan against Property

43% Lease Rental Discounting

34%


16%

Commercial Purchase

7%

28

ABFL : Infrastructure Finance Portfolio


Well diversified portfolio

across sectors

Strong focus on risk control

Commenced in 2011 – Grew multi-fold in past three years

Well diversified portfolio across products

Project Finance (50%), Corporate Loan (28%), Others (22%)


Debt Capital Market & Debt syndication of ` 1,700 Crore in FY15

660

2,100 2,530

4,025

Mar'12 Mar'13 Mar'14 Mar'15

Infra Finance Portfolio

(` Crore)

Power Gen. Renewable

18%

Power Gen. Hydro 4%

Power Gen. Thermal

7%

Roads 8%

Power Transmission

5% Healthcare 3%

Manufacturing 13%

SEZ & Indl. Parks 4%

Others 13%

Power Distribution 2%

Ports 4%

Infra Developers 8%

Airports 2%

Logistics 6%

Infra EPC 3%

Infra Finance Portfolio Mix

(FY15)

29


Annexure

30

Profit & Loss

(` Crore) FY12-13 FY13-14 FY14-15

Revenue from operations 715 1,201 1,776

Other Income 5 2 4

Total Income 720 1,203 1,780

Finance Costs 439 744 1,106

Employee Benefit Expenses 61 83 114

Other Expenses 37 53 79

Depreciation & Amortisation 3 4 7

Provisions & Write offs (net) 33 68 64

Total Expenses 573 952 1,370

Profit Before Tax 147 251 411

Provision for Taxation 47 86 140

Net Profit after Tax 100 166 271

31

Balance Sheet

(` Crore) FY12-13 FY13-14 FY14-15

Equity Share Capital 146 316 450

Preference Share Capital 600 600 600

Reserves & Surplus 332 854 1,534

Net Worth 1,079 1,769 2,585

Long term borrowings 3,216 4,739 8,786

Short term borrowings 3,124 3,916 3,945

Current Portion of long term debt 527 991 1,863

Other non-current liabilities 79 183 155

Other current liabilities 178 307 623

Total Equities & Liabilities 8,203 11,906 17,957

Net Fixed Assets 12 13 18

Non-Current Investments 93 17 16

Deferred Tax Assets (net) 18 42 57

Long term loans & advances 3,416 5,347 9,446

Short term loans & advances 3,974 6,093 7,653

Current Investments 24 186 24

Other Current Assets 667 206 743

Total Assets 8,203 11,906 17,957

32

Disclaimer

Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements” including, but

not limited to, those relating to general business plans & strategy of Aditya Birla Finance Limited ("ABFL"), its future outlook & growth prospects, future

developments in its businesses, its competitive & regulatory environment and management's current views & assumptions which may not remain constant

due to risks and uncertainties. Actual results may differ materially from these forward-looking statements due to a number of factors, including future

changes or developments in ABFL's business, its competitive environment, its ability to implement its strategies and initiatives and respond to

technological changes and political, economic, regulatory and social conditions in the countries in which ABFL conducts business. Important factors that

could make a difference to ABFL’s operations include global and Indian capital market conditions, pricing in ABFL’s principal markets, changes in

Government regulations, tax regimes, competitors actions, economic developments within India and the countries within which ABFL conducts business

and other factors such as litigation and labour negotiations.

This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer to acquire any shares and should not be

considered as a recommendation that any investor should subscribe for or purchase any of ABFL or ABNL's shares. Neither this presentation nor any other

documentation or information (or any part thereof) delivered or supplied under or in relation to the shares shall be deemed to constitute an offer of or an

invitation by or on behalf of ABFL / ABNL.

ABNL / ABFL, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to,

the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this presentation, unless

otherwise specified is only current as of the date of this presentation. ABFL / ABNL assumes no responsibility to publicly amend, modify or revise any

forward looking statements on the basis of any subsequent developments, information or events or otherwise. Unless otherwise stated in this document,

the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice

and past performance is not indicative of future results. ABNL / ABFL may alter, modify or otherwise change in any manner the content of this

presentation, without obligation to notify any person of such revision or changes. This presentation may not be copied and disseminated in any manner.

INFORMATION PRESENTED HERE IS NOT AN OFFER FOR SALE OF ANY EQUITY SHARES OR ANY OTHER SECURITY OF ABFL or ABNL

This presentation is not for publication or distribution, directly or indirectly, in or into the United States, Canada or Japan. These

materials are not an offer of securities for sale in or into the United States, Canada or Japan.


Corporate Identity Number U65990GJ1991PLC064603

Regd. & Corporate Office: One India Bulls Center, Tower I, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013

Website: www.adityabirlafinance.com or www.adityabirlanuvo.com Email: [email protected]

Copyright © 2015 Aditya Birla Nuvo Ltd.

http://www.adityabirlafinance.com/

http://www.adityabirlanuvo.com/

mailto:[email protected]



aditya birla group : a strong parentage · pdf file2 our values – integrity, commitment,...

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