Ajay Srinivasan is the Chief Executive Officer at Aditya Birla Capital Limited (ABCL), the holding company of all the financial services businesses of the Aditya Birla Group. Ajay joined Aditya Birla Group in 2007 and in his role as the leader of the business at Aditya Birla Capital, he has successfully led and transformed the organisation into a universal financial solutions provider focusing on the protecting, investing, and financing needs of our customers. In the last decade that Ajay has led our financial services business, the organisation has grown from 5 business entities in 2007 to 13 businesses in 2018.
As an organisation, Aditya Birla Capital has grown from a revenue of ₹19.27 billion, PBT of ₹1 billion, AUM of ₹252.23 billion and a lending book of ₹5.9 billion in 2007 to a revenue of ₹134.3 billion; PBT of ₹15.5 billion, AUM of more than ₹3,000 billion and a lending book of ₹514 billion as on March 31st, 2018.
Ajay’s leadership has enabled Aditya Birla Capital Limited to become one of the largest non-banking financial services players in India with leadership positions in several verticals. Under Ajay’s guidance, ABC’s protecting solutions have grown to cover life, health, motor, travel, and corporate general insurance. The investing solutions include mutual funds, wealth management, stocks and securities, private equity, PMS, pension funds and real estate investment. The financing solutions encompass Home Finance, Personal Finance, SME Finance, Real Estate Finance, Corporate Finance, and DCM and Loan Syndication.
Ajay’s experience in the financial services industry spans 3 decades, with 16 years of being a CEO of CEO’s. He has a track record of setting up and successfully scaling multiple business entities, not just in India but also internationally.
Before joining Aditya Birla Group, Ajay was Chief Executive – Fund Management at Prudential Corporation Asia, based in Hong Kong between January 2001 and July 2007. Under Ajay’s leadership, Prudential’s fund management operations in Asia grew rapidly, with total funds under management of about $70 billion, making it the second largest retail fund manager in Asia at the time. As a member of Prudential Corporation Asia’s Board of Directors, Ajay also oversaw the development of Prudential’s retirement business in Asia. Prior to his stint at Prudential, he was Deputy Chief Executive Officer and Chief Investment Officer for the India operations of ITC Threadneedle Asset Management.
A BA with Honours in Economics from St Stephens College, New Delhi, and MBA from Indian Institute of Management, Ahmedabad, Ajay is engaged with several bodies including Confederation of Indian Industries (CII) and is a member of the Advisory Board of the City of London.