Aditya Birla Financial Services (ABFSG) is an umbrella brand for all the financial service businesses of the Group. ABFSG enjoys the trust of over 5.5 million customers, manages assets worth over Rs.85,000 crore and prides itself on its talent pool of over 16,500 committed employees. It has a presence in more than 500 cities in India through 1,780 branches and over 200,000 channel partners. With over Rs.6,500 crore in revenues, ABFSG has emerged as a significant non-bank player.
With the objective of deepening financial inclusion, the RBI kicked off an era of differentiated banking by allowing SFBs (small finance banks) and PBs (payments banks) to start services. After receiving a license from the RBI, Aditya Birla Nuvo set up a 51:49 joint venture - Aditya Birla Idea Payments Bank Ltd - with telecom major Idea Cellular to launch payments bank services in the country. Payments banks can accept deposits from individuals and small businesses up to a maximum of Rs 1 lakh per account.
Aditya Birla Fashion and Retail Limited (ABFRL) is India's largest fashion network, with 7,500 points of sale across over 375 cities and towns, which include more than 2,000 exclusive ABFRL brand outlets. With 5.6 million square feet of retail space and more than 13.5 million loyalty members, ABFRL boasts of creating more than 20,000 new designs every year.
Aditya Birla's Idea Cellular is one of the top 3 mobile operators in the country, and is the sixth largest mobile operator in the world, based on number of subscribers in single country operations (GSMA Intelligence). Idea carries a traffic of over 2 billion minutes a day, and has a deep rooted network comprising of over 1,49,196 cell sites covering 7,513 towns and 3,63,580 villages (as on Q1FY16).
Swiss Singapore Overseas Enterprises Pte Limited, a trading company of the Aditya Birla Group, is a trans-national bulk commodity trading solutions provider. Incorporated in Singapore in 1978, its operations started off humbly as an international trader in the markets of Singapore, Thailand and Malaysia. As reputation and business grew, SSOE made its foray into the Middle East in 1991, diversifying its product range and has enjoyed unparalleled growth ever since.