Birla Sun Life Insurance Company Limited
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| Private | |
| Industry | Insurance |
| Founded | 2000 |
| Founders | Aditya Vikram Birla |
| Headquarters | Elphinstone Road, Mumbai, India |
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Key people
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Kumar Mangalam Birla (Chairman) |
| Services | Insurance |
| Total assets | ₹300,000,000,000 (May 2015) |
| Parent | Aditya Birla Group and Sun Life Financial Inc. |
| Website | insurance |
Kumar Mangalam Birla (Chairman)
Pankaj Razdan (MD and CEO)
Amit Jain (Chief Financial Officer)
Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Indian conglomerate Aditya Birla Group, and Sun Life Financial Inc., an international financial services organisations from Canada. BSLI has a customer base of over two and half million policy holders.
Birla Sun Life Insurance Company Limited was founded in 2000. The company is based in Mumbai, India. It is a joint venture between Indian Aditya Birla Group and Canadian Sun Life Financial Inc. In April 2016, Sun Life Financial increased their stake in Birla Sun Life Insurance to 49%.
The Aditya Birla Group is an Indian multinational conglomerate named after Aditya Vikram Birla, headquartered in the Aditya Birla Centre in Worli, Mumbai, India. It operates in 40 countries with more than 120,000 employees worldwide. The group was founded by Seth Shiv Narayan Birla in 1857. The group interests in sectors such as viscose staple fibre, metals, cement (largest in India), viscose filament yarn, branded apparel, carbon black, chemicals, fertilisers, insulators, financial services, telecom (third largest in India), BPO and IT services. The group had a revenue of approximately US$41 billion in year 2015.
Aditya Birla Financial Services Group (ABFSG) is the umbrella brand for all the financial services business of The Aditya Birla Group. They have a strong presence across the life insurance, asset management, lending (excluding Housing), housing finance, equity and commodity broking, wealth management and distribution, online money management portal—Aditya Birla Money MyUniverse, general insurance advisory and private equity and health insurance businesses. ABFSG is committed to serve the end-to-end financial services needs of its retail and corporate customers. In FY 2013–14, ABFSG reported consolidated revenue from these businesses at just under ₹70 billion (US$1.1 billion) and profits of about ₹7.5 billion (US$120 million). Anchored by over 14,000 employees and trusted by over 6 million customers, ABFSG has a nationwide reach through 1,500 points of presence and about 130,000 agents/channel partners.
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