Ajay Srinivasan

Chief Executive Officer, Aditya Birla Capital

AjaySrinivasan

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’s experience in the financial services industry spans across 3 decades, with 16 years of being a leader of business. He has a track record of setting up and successfully scaling multiple business entities, not just in India but also internationally.

Ajay joined the 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 organization 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 organization has grown from 5 business entities in 2007 to 12 businesses in 2017.

 

As an organization, Aditya Birla Capital has grown from a revenue of Rs. 19.27 billion, PBT of Rs. – 1 billion, AUM of Rs. 252.23 billion and a lending book of Rs. 5.9 billion in 2007 to a revenue of Rs. 105.7 billion, PBT of Rs. 11.5 billion, AUM of Rs. 2,463 billion and a lending book of  Rs. 347 billion as on March 31st, 2017.

 

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 & 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 & Loan Syndication.

 

Ajay’s leadership has enabled Aditya Birla Capital Limited to become one of the largest non-bank financial services players in India with leadership positions in several verticals.

  

Before joining the 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 USD 70 Bn, making it the second largest retail fund manager in Asia at that 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. 

 

Ajay is engaged with several bodies including the CII and is a member of the Advisory Board of the City of London. He is also actively engaged with some non-profit organizations.

 

Ajay holds a B.A with Honours in Economics from St Stephens College, University of Delhi and an MBA from the Indian Institute of Management, Ahmedabad.