Aditya Birla Finance Ltd., established in 1991, is one of India’s leading and most reputed NBFCs today, which boasts of a 26 years journey of mono-line focus and diversification. Let’s take a look at the various milestones that we have crossed on our way, so far:
- 1991: Foray in NBFC business - Engaged in Capital Market & Corporate Finance segments
- 2005: BGFL was merged with AB Nuvo to consolidate financial services businesses under one roof
- 2009: BGFL renamed as Aditya Birla Finance
- 2011: Foray in Mortgages & Infrastructure Finance
- 2013: India Ratings assigns Long-term rating to AA+
- 2014: CARE upgrades long term rating to AA+
- 2015: Foray into Unsecured lending
- 2016: Lending Book reaches USD 4.6 bn in Dec-16
- 2017: Loan book crosses ₹ 25,000 crore mark
- 2018: Foray into Digital Lending. ICRA & CARE upgrade Long term rating to AAA
- 2019: Loan book crosses ₹ 50,000 crore mark
- 2020: Increased focus towards Retail + SME + HNI – Mix crossed 50%
- 2022: Classified by RBI as Upper layer NBFC
- 2023: Launch of Udyog Plus – Business Platform for MSME customers