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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
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.
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]
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.
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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 ]
It is a part of the CK Birla Group. [3] It operates across a variety of sectors, including manufacturing, life sciences, energy, utilities, banking, financial services, and insurance. [3] The company offers services in enterprise applications, custom software development, and specialized areas such as testing, digital, analytics, and mobility.
The M. P. Birla Group is known for its philanthropic and educational activities, and supports many hospitals, schools, and technical and management institutions. Some of the educational institutions and hospitals run by the group include: M. P. Birla Planetarium, Kolkata; M. P. Birla Institute of Management, Bengaluru