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Ajay Srinivasan’s Role

Mr Kumar Mangalam Birla the chairman of the Aditya Birla Group announced the appointment of Mr Ajay Srinivasan as the companyu2019s Chief Executive, Financial Services and Director, Corporate Strategy and Business Development for the Aditya Birla Group in early 2007.

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Ajay Srinivasan’s Role

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  1. Ajay Srinivasan’s Role

  2. Ajay Srinivasan who is one of the most seasoned CEOs in the Indian financial services sector had an extremely vital role to play in helping Aditya Birla Group strengthen its financial services business. With Srinivasan’s constant efforts, dedication and determination, the Aditya Birla Group was able to become one of the most diversified and significant players in the Indian financial services sector. So, here we are going to take you through the various milestones that the Aditya Birla Group and its Financial services business achieved under the leadership of Ajay Srinivasan.

  3. Ajay Srinivasan’s entry into the Aditya Birla Group: • Mr Kumar Mangalam Birla the chairman of the Aditya Birla Group announced the appointment of Mr Ajay Srinivasan as the company’s Chief Executive, Financial Services and Director, Corporate Strategy and Business Development for the Aditya Birla Group in early 2007. As per Mr Birla, the company was looking forward to building on their current platform and becoming one of the leading players in the financial sector, tapping into the large India opportunity. He believed that Ajay’s entry would help the company in getting closer to achieving its dreams.

  4. What were the company’s expectations from Ajay Srinivasan? • As the Chief Executive, Financial Services, Ajay Srinivasan was expected to set the strategic direction and vision for the company, a key growth pillar for the Aditya Birla Group. His job role also involved operational leadership for the Group’s financial services business. He was also expected to continuously identify various emerging opportunities in the financial sector and lead the group’s entry into new business sectors. As per the statement given, Srinivasan was also meant to sit on the boards of Aditya Birla Management Corporation Limited and all the financial services businesses.

  5. In August 2016, the Aditya Birla Group announced that it was merging Aditya Birla Nuvo Limited and Grasim Industries Limited. It was also spinning off and listing one of its subsidiaries, Aditya Birla Financial Services Limited which was headed by Ajay Srinivasan. It was a complex transaction. Srinivasan was a key part in making this deal possible. Srinivasan built a business spanning 13 entities including life insurance, asset management, lending etc and brought the company from being a small entity into being something that could be listed and unlock value for the Group.

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