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Aditya Birla Sun Life Insurance was established on August 4, 2000, and began operations in 2001 with three insurance plans. [35] The Insurance Regulatory and Development Authority (IRDA) granted registration in principle to Birla Sun Life. [36] Initially, Sun Life Financial held a 26% stake in this joint venture, [37] and later increased its ...
Kumar Mangalam Birla (1967-current), became the chairman of the Aditya Birla Group in 1995, succeeding his late father Aditya Vikram Birla when he was just 28 years old. [ 19 ] [ 20 ] Under his leadership, the group's annual turnover grew from $2 billion in 1995 to $60 billion in 2022.
In 2018, Aditya Birla Sun Life Mutual Fund faced redemption pressures in some of its debt schemes due to exposure to entities like the Essel Group companies. The Economic Times reported that the Aditya Birla Sun Life Mutual Fund was the biggest investor in the Essel Group, with an exposure of Rs 2,936 crore spread across 28 schemes1.
Max Life Insurance Co. Ltd. Private Delhi: 2000 4: ICICI Prudential Life Insurance Co. Ltd. Private Mumbai: 2000 5: Kotak Mahindra Life Insurance Co. Ltd. Private Mumbai: 2001 6: Aditya Birla Sun Life Insurance Co. Ltd. Private Mumbai: 2000 7: TATA AIA Life Insurance Co. Ltd. Private Mumbai: 2001 8: SBI Life Insurance Co. Ltd. Public Mumbai: 2001 9
Mutual funds of India (13 P) O. Online financial services companies of India (2 C, 9 P) R. ... Aditya Birla Sun Life Asset Management; Axis Direct; B. Bajaj Finance; C.
CAMS was founded in early 1988 by V Shankar working in software development and computer education. During Y2K, CAMS pivoted to domestic financial services.. The Indian financial services industry experienced a renaissance in the period 1997/8-2006/7, with changes in regulation, products, and supporting infrastructure.
Aditya Birla Sun Life Asset Management; Angel One (company) Association of Mutual Funds of India; Axis Direct; Axis Mutual Fund; B. Bandhan Life; Banks Board Bureau;
Smallcap World Fund was the largest bidder with 28.46% of the total portion offered for anchor investors. And, Aditya Birla Sun Life MF, Invesco India MF, and Sundaram Mutual Fund were among the top five investors. [23]