Aditya Birla Group grows 17% in H1 FY10
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Last Updated: Wednesday, November 11, 2009, 21:23
Mumbai: Financial services provider, Aditya Birla Financial Services Group (ABFSG) today said it clocked a 17 per cent y-o-y growth in revenues at Rs 2,312-crore during the first half of this fiscal.

This growth has been led by its life insurance business closely followed by asset management and retail broking businesses, the company said in a statement here.

"We are committed to being a leader and role model in a broad-based and integrated business and the customer will always be at the center of our strategy. Our results continue to reflect the success of this strategy," Aditya Birla Group, Chief Executive (Financial Services), Ajay Srinivasan, said.

Birla Sun Life Insurance Company (BSLI) achieved 15 per cent y-o-y growth in total premium income at Rs 2,071.8-crore during the first half of the year, the company said.

ABFSG has also taken the lead in announcing the Embedded Value (EV) and Value of New Business (VNB) of its life insurance business.

The embedded value of Birla Sun Life insurance company is measured at Rs 3,060-crore as at March 31, 2009.

BSLI's asset under management registered a 78 per cent y-o-y growth to reach Rs 13,575-crore as on September 30, 2009.

Bureau Report

First Published: Wednesday, November 11, 2009, 21:23

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