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It is a joint venture between Sun Life and the Aditya Birla Group of India. Established in 1994, BSLAMC has been a joint venture between the Aditya Birla Group and Sun Life since 1999. With more than $34 billion U.S. in assets under management as of 2017, Aditya Birla Sun Life Asset Management Company is one of the largest asset managers in India.
The first fully computerised branch was opened at WGC Road, Thoothukudi on 9 December 1984. The Bank launched its ATM Card on 11 November 2003. On 6 September 2021, the Tamilnad Mercantile Bank filed a draft red herring prospectus with the Securities and Exchange Board of India to raise funds through an initial public offering .
As of September, 2019, the fund house claims to serve 5,809,315 unique investors through approximately 212 branches PAN India. [12] ... Birla Sun Life Mutual Fund, ...
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 November 2007, Birla Sun Life Insurance joined hands with Angel Broking for distribution of its insurance products. [8] The International Finance Corporation bought an 18% stake in Angel Broking for ₹ 152 crore (equivalent to ₹ 459 crore or US$53 million in 2023) in December 2007. [9]
Lakshmi Nivas Birla was technically adopted by his uncle Jugal Kishor Birla. As has been noted in the press, some of the branches have been more successful than others. [21] The GD-Basant Kumar-Aditya Vikarm-Kumar Mangalam Birla branch has performed the best, with a group turnover of ₹29,000 Crore in 2004.
Aditya Birla Sun Life Asset Management; This page is a redirect. The following categories are used to track and monitor this redirect: From a page move: This is a ...
Birla Corporation Limited is an Indian-based company of the M.P Birla Group, founded by Ghanshyam Das Birla in the late 1910s and carried on by Madhav Prasad Birla. In the 1890s, Birla Corporation was a jute manufacturing company, but over time, it grew to operate four main divisions: cement, jute, linoleum, and auto trim. [ 1 ]