Aditya Birla Sun Life Pension Management Limited (ABSLPML)
Aditya Birla Sun Life Pension Management Limited (ABSLPML) (formerly known as Birla Sun Life Pension Management Ltd.) was incorporated in 2015.
ABSLPML is a wholly owned part of Aditya Birla Sun Life Insurance Company Limited (ABSLI) – the life insurance subsidiary of Aditya Birla Capital Ltd (ABCL).
ABSLPML is registered with the Pension Fund Regulatory and Development Authority (PFRDA) to act as a:
- Pension Fund Manager (PFM) of the NPS Trust, for managing the pension funds under the National Pension System (NPS), in accordance with the applicable provisions and guidelines issued by PFRDA. ABSLPML commenced operations as a PFM on May 5, 2017.
- Point of Presence (PoP) for the distribution and servicing of the public at large, through physical as well as online platforms, for NPS.
ABCL is the holding company for the financial services businesses of Aditya Birla Group. ABCL’s subsidiaries have a strong presence across Protecting, Investing and Financing solutions. ABCL is a universal financial solutions group catering to diverse needs of its customers across their life stages. Powered by more than 33,500 employees, the subsidiaries of ABCL have a nationwide reach with 1,094 branches and more than 2,00,000 agents, channel partners and several bank partners.
As of June 30th, 2022, ABCL manages aggregate assets under management over Rs.3,550 billion, has a consolidated lending book of approx. Rs.699 billion, and an active customer base of over 39 million, through its subsidiaries and joint ventures.
