Mumbai, February 03, 2026 – The Boards of Directors of Aditya Birla Capital Limited (“ABCL”) and Aditya Birla Housing Finance Limited (“ABHFL”) approved a proposal for a primary capital infusion of Rs. 2,750 Crore in ABHFL (a wholly owned subsidiary of ABCL) from Indriya Limited, one of the entities of Advent International (“Advent”). The completion of the transaction is subject to shareholder approval, regulatory approvals and other customary conditions.
The transaction values ABHFL at Rs.19,250 crore, on a post money basis. Upon completion of the transaction, ABCL will hold about 85.7% and Advent will hold about 14.3% stake in ABHFL.
ABHFL is one of the fastest growing housing finance companies in India and is among the top 3 players in terms of incremental loan book growth. The AUM of ABHFL grew by a CAGR of 48% over the last three years to Rs. 42,204 crore as of December 31, 2025. It has maintained best-in class asset quality with gross stage 3 ratio of 0.54% and net stage 3 ratio of 0.23%. ABHFL plans to utilize the capital to sustain the current growth momentum and increase market share.
Commenting on the transaction, Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group said, “India’s housing sector is at a defining inflection point, driven by progressive policy initiatives such as the Pradhan Mantri Awas Yojana, a sustained thrust on affordable urban housing, and the expanding reach of urban and rural infrastructure. These reforms have broadened housing demand across diverse income segments and geographies. Structured, transparent, and accessible housing finance will play a pivotal role in unlocking the next phase of large-scale growth. The proposed capital infusion will strengthen ABHFL’s financial foundation, enable deeper market penetration, and enhance its ability to shape India’s inclusive and sustainable housing finance ecosystem.”
Ms. Vishakha Mulye, MD & CEO, Aditya Birla Capital Limited said, “Over the last few years, we have significantly scaled our businesses, and at ABHFL, we have built a full-stack housing finance franchise with a strong focus on prime and affordable segments, and construction finance. Today, ABHFL has a pan-India distribution footprint with a robust omnichannel sourcing network. This growth has been anchored in large market opportunities and sustained investments in technology, digital platforms, distribution, and talent enabling a scalable and resilient operating model. With this proposed capital raise, we enter the next phase of expansion for our housing finance business with a clear focus on sustaining growth momentum and increasing market share.”
Shweta Jalan, Managing Partner at Advent International, said, “We are excited to partner once again with the Aditya Birla Group through our investment in Aditya Birla Housing. India’s mortgage market is benefiting from strong structural tailwinds, led by supportive government initiatives and a constructive regulatory framework. Against this backdrop, Aditya Birla Housing has built a high-quality, trusted franchise with strong risk practices and governance standards that are synonymous with Aditya Birla Group companies. We have strong conviction in the leadership team and are delighted to support them as the Company enters its next phase of growth.”
About Aditya Birla Capital
Aditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. Through its subsidiaries/JVs, ABCL provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by more than 66,340 employees, the businesses of ABCL have a nationwide reach with over 1,742 branches and more than 200,000 agents/channel partners along with several bank partners. Aditya Birla Capital Limited is a part of the US$ 67 billion global conglomerate Aditya Birla Group, which is in the league of Fortune 500 and has a consolidated market cap of over US$117 billion, as of Jan 1, 2026. Anchored by an extraordinary force of over 227,500 employees, the Group is built on a strong foundation of stakeholder value creation. With over seven decades of responsible business practices, the Group’s businesses have grown into global powerhouses in a wide range of sectors – from metals to cement, fashion to financial services and textiles to trading. Today, over 40% of the Group revenues flow from overseas operations that span 41 countries across six continents with over 340 state-of-the-art manufacturing units. For more information, visit www.adityabirlacapital.com.
About Aditya Birla Housing Finance
Aditya Birla Housing Finance Limited (“ABHFL”), a subsidiary of Aditya Birla Capital Limited is a housing finance company (“HFC”) in India. ABHFL is registered with the National Housing Bank (NHB) as a non-deposit accepting housing finance company and commenced operations in October 2014. As of December 31, 2025, ABHFL manages assets under management of over Rs. 42,204 Crore. ABHFL has significantly expanded its footprint to 168 branches as of December 31, 2025. Its long-term credit rating by CRISIL, ICRA & India Ratings is AAA (Stable) and short-term credit rating by CRISIL, ICRA & India Ratings is A1+.
Advent International
Advent is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 16 offices across five continents, we oversee more than USD $100 billion in assets under management* and have made 435 investments across 44 countries. Since our founding in 1984, we have developed specialist market expertise across our five core sectors: business & financial services, consumer, healthcare, industrial, and technology. This approach is bolstered by our deep sub-sector knowledge, which informs every aspect of our investment strategy, from sourcing opportunities to working in partnership with management to execute value creation plans. We bring hands-on operational expertise to enhance and accelerate businesses. As one of the largest privately-owned partnerships, our 675+ colleagues leverage the full ecosystem of Advent’s global resources, including our Portfolio Support Group, insights provided by industry expert Operating Partners and Operations Advisors, as well as bespoke tools to support and guide our portfolio companies as they seek to achieve their strategic goals. To learn more, visit https://www.adventinternational.com/.
*Assets under management (AUM) as of June 30, 2025. AUM includes assets attributable to Advent advisory clients as well as employee and third-party coinvestment vehicles.
