Aditya Birla Capital’s Vishakha Mulye takes a big step in clean-up mission

The merger of the holding company with its NBFC subsidiary is expected to give the CEO the added heft she needs to whip the financial services business into shape.

Vishakha Mulye may have pulled off the biggest move in her little under two-year stint as CEO of Aditya Birla Capital when, earlier this week, the financial services holding company of the Aditya Birla Group announced a merger with its subsidiary, Aditya Birla Finance. 

In its exchange filing, it listed the following reasons for the merger:

  • Rationalization and simplification of structure by reducing the number of entities
  • Achieve optimal and efficient utilization of capital, enhance operational and management efficiencies
  • Consolidation of the business
  • Seamless implementation of policy changes
  • Ensure ongoing compliance with the Scale Based Regulations applicable to NBFCs, as …

Author

Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

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furquan@mailtmc.com

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