Our Stewards of Capital

Mrs. Vishakha Mulye is the Non-Executive Director of the Company. She is the Managing Director and Chief Executive Officer at Aditya Birla Capital Limited (“ABCL”), the holding company of the financial services arm of Aditya Birla Group. She is a director on the board of Aditya Birla Management Corporation Private Limited (“ABMCPL”), the apex corporate body of Aditya Birla Group, that provides strategic direction and vision to its group companies. Taking charge in 2022, Vishakha envisioned the ‘One ABC, One P&L’, strategy, anchored on the principles of 'One Customer, One Experience and One Team'. This strategic roadmap has been central to Aditya Birla Capital’s transformative journey, driving accelerated growth and improved profitability across businesses. By leveraging data, digital and technology, she reimagined its business model, strengthened platform capabilities, and embarked on a mission to simplify finance, making it as simple as ABCD. Under her leadership, Aditya Birla Capital expanded its offerings across Loans, Investments, Insurance, and Payments. The company developed an omnichannel D2C platform to deliver comprehensive financial solutions through ‘ABCD’, its user-friendly, intuitive mobile app. To empower the MSME ecosystem, ABCL launched ‘Udyog Plus’, its all-inclusive digital B2B lending platform offering business loans, supply chain financing, and value-added services. The company also introduced ‘Stellar’, its B2D platform aimed at enhancing engagement and productivity among distributors and channel partners. To further support its future growth objectives, ABCL, under Vishakha’s guidance, successfully raised Rs 4,500 crore in growth capital through a combination of preferential issuances, QIP, and divestment of stakes in select businesses. She was also instrumental in seamlessly executing the amalgamation of Aditya Birla Finance Ltd., with Aditya Birla Capital Limited, enabling better access to capital, driving operational synergies and enhanced value creation for all stakeholders. Vishakha is on the board of ABCL’s operating companies, including Aditya Birla Housing Finance Limited, Aditya Birla Sun Life AMC Limited, Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health Insurance Co. Limited. She is also a director on the board of Aditya Birla Management Corporation Private Limited (the apex management company for Aditya Birla Group) and Aditya Birla Capital Foundation. Vishakha is a member of the Aspen Institute's 'India Leadership Initiative’ and served as the Deputy Co-Chair of CII’s National Forum on NBFC & HFCs 2023-24. Before joining the Aditya Birla Group, Vishakha held various leadership positions at the ICICI Group, where she led significant strategic transformations. As Executive Director on the Board of ICICI Bank, she oversaw their domestic and international Wholesale Banking, Proprietary Trading, Markets, and Transaction Banking services. She also served as the MD and CEO of ICICI Venture Funds Management Company Limited and as the Group CFO at ICICI Bank. Among her numerous achievements, Vishakha played a pivotal role in driving the merger of ICICI and ICICI Bank, which led to the formation of the second-largest private sector bank in India. During her tenure, she also led ICICI Bank’s structured finance business, served on the board of ICICI Lombard General Insurance Company Limited, and chaired the board of ICICI Bank Canada. A chartered accountant and career banker with over three decades of experience in leading large-scale, long-term profitable businesses, Vishakha has been recognised with several prestigious honours for her valuable contributions to the world of business and finance including: <ul style="list-style: disc;"> <li>Business Today Most Powerful Women List, 2025</li> <li>Fortune Asia Most Powerful Women List, 2025</li> <li>Candere Hurun India Women Leaders List, 2025</li> <li>Forbes India Top Self-Made Women Power List, 2025</li> <li>The Economic Times Businesswoman of the Year Award, 2024</li> <li>ICAI CA Business Leader Award for Large Corporates, 2024</li> <li>Forbes Asia Power Businesswomen List, 2024</li> <li>Forbes Asia 50 Over 50 List, 2024</li> <li>Fortune Asia Most Powerful Women List, 2024</li> <li>Fortune India Most Powerful Women in Business, 2025, 2024; 2020-2022; 2012-2018</li> <li>Lokmat Mukta Sanman Award, 2019</li> <li>Business Today Most Powerful Women (MPW) in Business, 2007-2013. In 2013, she was inducted into the MPW Hall of Fame, after a record seven-time win</li> <li>India Television Academy’s GR8! Women Award, 2012</li> <li>ICAI CA Corporate Leader Award, 2008</li> <li>World Economic Forum Young Global Leader, 2007</li> <li>IMA India CFO Award, 2006</li> </ul>

Mr. A. Balasubramanian is the Managing Director & CEO of Aditya Birla Sun Life AMC Ltd. A stalwart of the asset management industry, he brings with him over three decades of rich experience. He joined the company in 1994 and became the CEO in 2009. He oversees assets of nearly Rs. 4 lakh crores. Mr. Balasubramanian has held leadership roles in key industry bodies, including serving as Chairman of AMFI for two terms. He is also a member of the IFSCA Fund Management Advisory Committee and Additional Director on the Board of Bombay Chamber of Commerce & Industry. He has received multiple accolades, including the CEO of the Year title from Asia Asset Management. He has completed advanced management programs from the Indian Institute of Management, Bangalore and Harvard Business School. He also holds a bachelor’s degree in science (mathematics) and a master’s degree in business administration from the GlobalNxt University.

Mr. Sandeep Asthana is a Non-Executive Director of the Company, with over 29 years of experience in the insurance and asset management sectors. He currently serves as Country Head, India, for Sun Life Financial, a position he has held since 2011. His professional experience spans leadership roles at organizations such as Reinsurance Group of America (RGA Re), Unit Trust of India (UTI), and Zurich Risk Management Services (India) Private Limited. Mr. Asthana serves as a Director on the boards of Aditya Birla Sun Life Insurance Company Limited, Aditya Birla Sun Life Pension Management Limited, Empyreal Galaxy Private Limited, and the Indo-Canadian Business Chamber. He holds a Bachelor’s degree in Chemical Engineering from the Indian Institute of Technology (IIT), Bombay, and a Post Graduate Diploma in Management from the Indian Institute of Management (IIM), Lucknow.

Mr. Manjit Singh is the Non-Executive Director of the Company. He is the President, Asia and was also the Executive Vice President (EVP) & Chief Financial Officer at Sun Life. Mr. Singh is responsible for leading the Sun Life’s finance organization including Finance, Tax, Capital, Corporate Development, Investor Relations and strategic finance initiatives. With more than 25 years of finance, strategy, risk and treasury experience, Mr. Singh has worked in financial services in Canada, the US and Europe. Prior to Sun Life, Mr. Singh was EVP, Finance at TD Bank, where he led Enterprise Finance including all Business Segment finance functions, Investor Relations, Tax, Chief Accountants and Enterprise Strategy. During his time with the bank, Mr. Singh worked in all the Bank’s major businesses and was actively involved in setting business strategy, leading strategic and corporate development analysis, driving financial performance and executing on key business priorities. Mr. Singh holds a Bachelor of Arts, Chartered Accountancy Studies degree from the University of Waterloo and a Master of Business Administration from the Richard Ivey School of Business. He is a Fellow of the Chartered Professional Accountants (CPA) from Ontario, has earned the CFA designation and completed the Advanced Management Program at the Harvard Business School.

Mr. Sushil Agarwal is the Additional Director (Non-Executive) of the Company. He is the Group Chief Financial Officer and Director of Aditya Birla Management Corporation Private Limited, the Group’s apex management body. Mr. Agarwal has been with the Aditya Birla Group for over 37 years and has a unique distinction of working closely with the former Chairman Late Mr. Aditya Vikram Birla and the current Chairman Mr. Kumar Mangalam Birla. He has led various strategic initiatives of the Group, including M&A and restructurings. A strong advocate of corporate governance and trusteeship, Mr. Agarwal is widely acknowledged for his financial acumen and analytical skills. Mr. Agarwal is a Chartered Accountant (ICAI) and holds a Master's Degree in Commerce. Mr. Agarwal serves as a Non-Executive Director on the Board of several Group Companies including Hindalco Industries Limited, Grasim Industries Limited, Vodafone Idea Limited, Aditya Birla Capital Limited and Novel Jewels Limited. Mr. Agarwal is a Member of the Business Review Council of the Group. In 2021, he was also appointed as a Nominee Director at Zand Bank PJSC – a Dubai based first of its kind Digital Bank.

Mr. Navin Puri is an Independent Director of the Company. He brings with him over three decades of expertise in banking and financial services, with significant roles at HDFC Bank and ANZ Grindlays Bank. He has in-depth knowledge and understanding of the Indian Financial Retail Market and has been a catalyst in driving digitalisation and improving customer experience. Mr. Puri brings considerable expertise in managing regulatory and legal compliance. Mr. Puri is also an Independent Director on the Board of Equitas Small Finance Bank, Aditya Birla Health Insurance Co. Limited and Bandhan Life Insurance Limited. He holds a Master’s degree in Business Administrations and is a Chartered Accountant (ICAI).

Mr. Sunder Rajan Raman is an Independent Director of the Company. His core expertise is in investment banking, finance, capital market and governance. He served as a Whole-Time Member of SEBI from 2012 to 2017. His significant achievement with SEBI includes the transition to a new Foreign Portfolio Regime in 2014, curbing the menace of fraudulent fundraisings and introducing a regulatory framework for several new products viz. REITS/INVITS/ Municipal Bonds. Mr. Raman was also the Chairman and Managing Director of Canara Bank and Executive Director of Union Bank of India. He is also an Independent Director on the Board of Salzer Electronics Limited. Mr. Raman holds a Master’s degree in Economics and is a Law graduate. He also holds a diploma in Business Management.

Mr. Ramesh Abhishek is an Independent Director of the Company. A retired IAS officer of 1982 batch, Mr. Abhishek brings with him a rich experience of over 40 years as one of the most senior bureaucrats in the Indian Civil Service. In an illustrious career, he played key roles in leading governance, public policy, competitiveness, regulatory & judicial Reforms, policy design & implementation, investment promotion & facilitation, institution building, among many others. In his last appointment as the Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), he was instrumental in facilitating and building some of the unique large-scale and most impactful initiatives of the Government of India that include ‘Make in India’, ‘Startup India’, Ease of Doing Business and Industrial Corridors in the Country. He played a crucial role in driving the Invest India initiative to strengthen investment promotion and usher in FDI. He has also served as Chairman of the Commodity Derivative Markets Regulator and Forward Markets Commission. Mr. Abhishek is also an Independent Director on the Board of Ravindra Energy Limited and Indus Towers Limited, Nominee Director on the Board of Nuvama Wealth Finance Limited and Nuvama Custodial Services Limited and a Director on the Board of EODB Advisors (OPC) Private Limited. Mr. Abhishek holds Master’s degrees in Business Administration in Finance, International Politics and Public Administration.

Mr. Supratim Bandyopadhyay is an Independent Director of the Company. Mr. Bandyopadhyay has immense experience in the field of Insurance, Finance, Investments and Debt operations. His stellar leadership as the Chairman of the Pension Fund Regulatory and Development Authority (PFRDA) from January 2020 to January 2023 resulted in a nearly fourfold increase in PFRDA’s assets under management to ₹9 trillion. Prior to his role at PFRDA, Mr. Bandyopadhyay served for around three and half decades at the Life Insurance Corporation of India (LIC), the largest life insurance company in India. Over the course of 35 years, he held several senior positions, including Chief (Investment) and Executive Director (Investment), and served as Managing Director & CEO of LIC Pension Fund, where he was responsible for overseeing its entire operations. Mr. Bandyopadhyay is also an Independent Director on the Board of Insecticides (India) Limited, Canara HSBC Life Insurance Co. Limited, India Mortgage Guarantee Corporation Private Limited, Axis Pension Fund Management Limited, Ashika Credit Capital Limited and Finlabs India Private Limited and Director on the Board of MFC Technologies Private Limited. Mr. Bandyopadhyay is a Chartered Accountant (ICAI)

Ms. Anita Ramachandran is an Independent Director of the Company. She is a renowned Human Resource professional with deep knowledge and experience of around 40 years as a management consultant. She is also one of the first generation of women professional to become an entrepreneur and run a highly successful HR consulting and services organisation. Ms. Ramachandran began her career with AF Ferguson & Co. (the KPMG network company in India then) in 1976 as the first woman consultant of the firm. In her 19 years stint with AFF, she worked across various parts of the Country and wide range of areas from finance, industrial market research, strategy and human resource consulting. She was finally a Director of the Firm. Ms. Ramachandran founded Solvexus (Formerly known as Cerebrus Consultants) in 1995 to focus on HR advisory services, including organisation transformation. Her reputation and innovative work helped her build Solvexus (Formerly known as Cerebrus Consultants) into a firm with national presence. Ms. Ramachandran is known as an authority in reward management system in the country and her work in the compensation and rewards area is well recognised. In recent years, she has been involved in several large organisation transformation assignments. She also works with several PE firms and start -ups to mentor them through their growth journey. Ms. Ramachandran is an Independent Director on the Board of FSN E-Commerce Ventures Limited, Happiest Minds Technologies Limited, Grasim Industries Ltd, Blue Star Limited, Ultratech Cement Limited and Aragen Life Sciences Limited. She is also a Director on the Board of Godrej and Boyce Manufacturing Company Limited, Solvexus Private Limited (Formerly known as Cerebrus Consultants Private Limited) and Nykaa Foundation. Ms. Ramachandran holds a Bachelor’s degree in Commerce and a Master’s degree in Management Studies from Jamnalal Bajaj Institute of Management