Aditya Birla Housing Finance Eyes Aggressive Growth
Aditya Birla Housing Finance aims to double its assets under management (AUM) in three years
Aditya Birla Housing FinanceAumGrowthOmnichannel PlatformAditya Birla CapitalReal Estate PuneMay 28, 2024
The home financier plans to leverage the synergies between Aditya Birla Group companies, which will provide it with a larger distribution and branch network. According to Pankaj Gadgil, MD&CEO, the company has recently launched an omnichannel platform called Aditya Birla Capital Digital, which offers customers a range of services including payments, insurance, lending, and financial health.
The company has already onboarded 1 lakh customers on the platform and plans to register 3 crore new customers. This is expected to be a significant funnel for the housing finance company, driving its growth. Furthermore, with 1,440 branches at the group level, the company will offer other products, including home loans, to customers who provide their consent.
Aditya Birla Housing Finance is a subsidiary of Aditya Birla Capital, which has a significant network of distributors and channel partners.
Aditya Birla Capital is a part of the Aditya Birla Group, a leading Indian multinational conglomerate. The group has a significant presence across various sectors, including cement, metals, and telecommunications. Aditya Birla Capital is a holding company for the group's financial services businesses, including life insurance, general insurance, asset management, and more.
Frequently Asked Questions
What is Aditya Birla Housing Finance's business growth target for FY25?
The company has set a business growth target of 25-30% for FY25
How does Aditya Birla Housing Finance plan to achieve its growth targets?
The company plans to leverage the synergies between Aditya Birla Group companies and tap into its omnichannel platform Aditya Birla Capital Digital
What is the current AUM of Aditya Birla Housing Finance?
The company's current AUM stands at Rs 18 420 crore as of March 31
How many branches does Aditya Birla Group have?
The group has 1 440 branches at the group level
What is Aditya Birla Capital Digital?
Aditya Birla Capital Digital is an omnichannel platform that offers customers a range of services including payments insurance lending and financial health
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