Funds managed
| Fund Name | Category | License |
| Aditya Birla Real Estate Fund I | Real estate – equity | SEBI AIF Cat 2 |
| Aditya Birla Real Estate Debt Fund | Real estate – debt | SEBI AIF Cat 2 |
About
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 22,500 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, 2021, Aditya Birla Capital Limited manages aggregate assets under management over Rs. 3350 billion, has a consolidated lending book of approx. Rs. 606 billion, and an active customer base of over 24 million, through its subsidiaries and joint ventures.
It appears the real estate investing is done by AB Sun Life Asset Management (http://realestateinvestment.adityabirlacapital.com/), while private equity is done by AB Private Equity Advisors (https://privateequity.adityabirlacapital.com/Pages/Individual/Funds-Under-Management/Overview.aspx).
Key staff
Ajay Srinivasan (Chief Executive Officer)
https://www.linkedin.com/in/linksrinivasan
Ajay Srinivasan is the Chief Executive Officer at Aditya Birla Capital Limited (ABCL), the holding company of all the financial services businesses of the Aditya Birla Group.
A B.A with Honours in Economics from St Stephens College, University of Delhi and an MBA from the Indian Institute of Management, Ahmedabad, Ajay joined the Aditya Birla Group in 2007 and in his role as the leader of the business at Aditya Birla Capital, he has successfully led and transformed the organization into a Universal Financial Solutions provider focusing on the Protecting, Investing and Financing needs of the company’s customers.
Need to add real estate team here
Investment philosophy
None stated on the website
Aditya Birla Real Estate Debt Fund was started in 2010 with an investment amount of Rs 1,050 crore, was launched as a six-year closed-end fund. It invested in 13 properties. But with the real estate market going into a tailspin, it was unable to exit all its investments. After two extensions of a year each, one of the shareholders of Aditya Birla Sun Life Asset Management Company (ABSL AMC) will buy the fund’s units to pay off investors.
Media
Aditya Birla Capital and Värde Partners Form Strategic Partnership to Invest in Stressed and Distressed Assets in India
Aditya Birla Capital Limited (ABCL) and Värde Partners (Värde), today announced an exclusive strategic partnership to pursue investments in stressed and distressed assets in India
Source: https://www.adityabirlacapital.com/press-and-media/press-releases
Investors in Aditya Birla’s real estate fund get exit after 9 years, at a loss
Investors in Aditya Birla Real Estate Fund-I will finally get an exit, three years behind schedule, and after taking a minor loss.
Source: https://www.moneycontrol.com/news/business/companies/investors-in-aditya-birlas-real-estate-fund-get-exit-after-9-years-at-a-loss-4407021.html
‘Lending book of Rs 57,500 crore makes us bigger than some banks’, says Ajay Srinivasan
Three years after carving out the financial services business with Aditya Birla Nuvo Restructuring, Ajay Srinivasan is happy with the progress made and says that the group would possibly consider unlocking value for the benefit of shareholders.
Source: https://www.adityabirlacapital.com/press-and-media/news-coverage-print
Analyst questions
What investment philosophy do you follow for the funds you manage?
There is not much information available on the various funds managed by you on the website of Aditya Birla Capital. Any specific reasons?
What were the reasons behind the loss incurred by investors while exiting the Real Estate Debt Fund?
What are your future growth prospects given the times of pandemic and economic slowdown?
What makes your funds stand apart from your peers?
Prepared by – Riya Sharma June 2021
You must be logged in to post a comment.