Aditya Birla Capital - New CEO To Take Charge Come June: ICICI Securities
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ICICI Securities Report
Aditya Birla Capital Ltd.’s Board, based on the nomination and remuneration committee recommendations, has approved appointment of Ms. Vishakha Mulye (Executive Director, ICICI Bank Ltd.) as Chief Executive Officer, Mr. Ajay Srivinasan (current CEO) shall be taking up another role in Aditya Birla Group.
Ms. Mulye will join on June 01, 2022 and operate as CEO (designate) with an overlap of one month with Mr. Ajay Srinivasan to ensure smooth transition.
We believe further push and acceleration in the group’s structural strategy of rebalancing its non-banking financial company portfolio (in favour of retail plus small and medium entrprise) and its housing finance company portfolio (towards affordable segment plus informal segment) will imbibe confidence.
Aditya Birla Capital’s earnings trajectory reflects superior and quality operating performance led by its strategy of granularisation, retailisation and diversification within business segments.
Further franchise investment, cross-sell/up-sell and leveraging digital and analytics will help the company boost its return on equity profile.
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