The Board of Directors of Aditya Birla Nuvo Ltd. have approved the amalgamation of following subsidiaries with ABNL, on a going concern basis, with effect from the Appointed Date,... | … Aditya Birla Group got into the financial service business with a Non-bank financial institution called Birla Growth Fund in 1986 (later renamed Birla Global Finance Limited in 1994). In the composite scheme, Nuvo along with its subsidiary demerged [i] their branded apparel business into Aditya Birla Fashion & Retail Limited. 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. India. The recent announcement of Aditya Birla Nuvo buying into Pantaloons apparel format has set the stage for consolidation in the Indian apparel retail business. The company's businesses have grown into global powerhouses in a wide range of sectors – metals, … Over the past few years, Aditya Birla Nuvo, through its subsidiaries and joint ventures, has made successful forays into life insurance, telecom, business process outsourcing (BPO), IT services, asset management and financial services. 8, 390 Crore to INR. Aditya Birla Nuvo Detailed director reports covering AB Nuvo Financial Results and Performance report. Post the consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd. (ABFRL). At Grasim, there is an endeavour to create sustainable value for 24,000+ employees, 230,000+ shareholders, society … ADITYA BIRLA NUVO & ITS SUBSIDIARIES / JOINT VENTURES ADITYA BIRLA NUVO LTD. : Fashion & Lifestyle, Agri-business, Rayon Yarn (Incl. -Wholly owned subsidiary "Aditya Birla Insulators Ltd." merged into Aditya Birla Nuvo w.e.f. 265,200,000. All Rights Reserved. As on 31st March, 2020, ABFRL has a network of 3,031 brand stores across the country. In 2005, the group decided to consolidate its business and as part of this exercise, it merged Birla Global Finance Limited into Aditya Birla Nuvo. Aditya Birla Nuvo jumped 5.37% to Rs 1,185 at 10:30 IST on BSE after the company said that it has incorporated wholly owned step down subsidiary for providing incentivized wellness and related programs and services. In 2013, Aditya Birla Nuvo Limited (ABNL) (ABNL) took over Pantaloons. I) ADITYA BIRLA FINANCIAL SERVICES Subsidiaries Birla Sun Life Insurance Company Ltd. : Life Insurance Viscose Filament Yarn, Caustic Soda and Allied Chemicals), Insulators, Textiles (Spun Yarn & Fabrics),*. 777 crore through rights issue of equity shares The life insurance JV — Birla Sun Life Insurance — is however held independently under Nuvo as a separate venture. Its authorized share capital is Rs. MFL brands includes Louis Philippe, Van Heusen, Allen Solly and Peter England.[4]. On 30th April 2012 Pantaloon Retail announced a stake sale in its Pantaloons apparel format to Aditya Birla Nuvo Ltd (ABNL) to reduce its debt burden and improve profitability. According to the performance update of the company post completion of half yearly quarter on 30th September, 2011, Aditya Birla Nuvo’s revenue rose from INR. In 2016, ABFRL struck a deal with a global luxury brand Ted Baker and also signed a MOU With Forever 21 for India Business. Aditya Birla Group is a premium global conglomerate, headquartered in Worli, Mumbai, India. Aditya Birla Fashion and Retail Limited (ABFRL) emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and … Registered Office: One World Center Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. (Earlier known as Pantaloons Fashion & Retail Limited). ADI TY A BIRLA NUV O LIMI TED ANNU AL REPOR T 20 1 0-20 1 1 (SUBSIDIAR Y COMP ANIES) Aditya Birla Nuvo Ltd. Corporate Finance Division A-4, Aditya Birla Centre, S.K. Click to view and download financial reports of our subsidiary companies. ABFRL has a network of 3031+ stores with a presence across approximately 25,000 multi-brand outlets with 6,500+ point of sales in department stores across India. The group was founded by Seth Shiv Narayan Birla in 1857. Manufacturers of mono- and multi-filament, raw white and dope dyed, bright and dull viscose yarns for knitting, weaving and technical applications. This partnership will add significant weight ti ABFRL's growing ethnic wear portfolio, and the platform will complement the brand on its journey to becoming a global luxury house out of India. ... - A new subsidiary in the name of Aditya Birla … Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Aditya Birla Group. Its International Brands portfolio includes The Collective and select mono-brands such as Simon Carter, Hackett London, Ted Baker, Ralph Lauren, American Eagle, and Fred Perry. India continues to be the … Financial Statements (Subsidiaries) 2019-20 Volume I, Financial Statements (Subsidiaries) 2019-20 Volume II, Financial Statements ( Subsidiaries ) 2018-19 Volume 1, Financial Statements ( Subsidiaries ) 2018-19 Volume 2, Aditya Birla Finance Limited - March 2013, Aditya Birla Finance Limited - March 2014, Aditya Birla Finance Limited - March 2015, Aditya Birla Finance Limited - March 2016, Aditya Birla Finance Limited - March 2017, Aditya Birla Finance Limited IGAAP FY2017-18, Aditya Birla Housing finance limited - March 2013, Aditya Birla Housing Finance Limited - March 2014, Aditya Birla Housing Finance Limited - March 2015, Aditya Birla Housing Finance Limited - March 2016, Aditya Birla Housing Finance Limited - March 2017, Aditya Birla Housing Finance Limited IGAAP FY2017-18, Aditya Birla Sun Life AMC Limited - Consolidated - March 2013, Aditya Birla Sun Life AMC Limited - Consolidated - March 2014, Aditya Birla Sun Life AMC Limited - Consolidated - March 2015, Aditya Birla Sun Life AMC Limited - Consolidated - March 2016, Aditya Birla Sun Life AMC Limited - Consolidated - March 2017, Aditya Birla Sun Life AMC Limited IGAAP FY2017-18, Aditya Birla Sun Life Insurance Company Limited, Aditya Birla Sun Life Insurance Company Limited - Consolidated - March 2013, Aditya Birla Sun Life Insurance Company Limited - Consolidated - March 2014, Aditya Birla Sun Life Insurance Company Limited - Consolidated - March 2015, Aditya Birla Sun Life Insurance Company Limited - Consolidated - March 2016, Aditya Birla Sun Life Insurance Company Limited - Consolidated - March 2017, Aditya Birla Sun Life Insurance Company Limited IGAAP FY2017-18, Aditya Birla Sun Life Pension Management Limited, Aditya Birla Sun Life Pension Management Limited - March 2017, Aditya Birla Sun Life Pension Management Limited - March 2016, Aditya Birla Sun Life Pension Management Limited - March 2015, Aditya Birla Sun Life Pension Management Limited IGAAP FY2017-18, Aditya Birla PE Advisors Private Limited - March 2014, Aditya Birla PE Advisors Private Limited - March 2015, Aditya Birla PE Advisors Private Limited - March 2016, Aditya Birla PE Advisors Private Limited - March 2017, Aditya Birla Customer Services Limited - March 2014, Aditya Birla Customer Services Limited - March 2015, Aditya Birla Customer Services Limited - March 2016, Aditya Birla Customer Services Limited - March 2017, Aditya Birla Financial Shared Services Limited, Aditya Birla Financial Shared Services Limited - March 2014, Aditya Birla Financial Shared Services Limited - March 2015, Aditya Birla Financial Shared Services Limited - March 2016, Aditya Birla Financial Shared Services Limited - March 2017, Aditya Birla Insurance Brokers Company Limited - March 2014, Aditya Birla Insurance Brokers Company Limited - March 2016, Aditya Birla Insurance Brokers Company Limited - March 2017, Aditya Birla Money Limited IGAAP FY2017-18, Aditya Birla Commodities Broking Limited - March 2014, Aditya Birla Commodities Broking Limited - March 2015, Aditya Birla Commodities Broking Limited - March 2016, Aditya Birla Commodities Broking Limited - March 2017, Aditya Birla Commodities Broking Limited IGAAP FY2017-18, Aditya Birla Trustee Company Private Limited, Aditya Birla Trustee Company Private Limited - March 2014, Aditya Birla Trustee Company Private Limited - March 2015, Aditya Birla Trustee Company Private Limited - March 2016, Aditya Birla Wellness Private Limited - March 2017, Aditya Birla Money Mart Limited - March 2014, Aditya Birla Money Mart Limited - March 2015, Aditya Birla Money Mart Limited - March 2016, Aditya Birla Money Mart Limited - March 2017, Aditya Birla Money Insurance Advisory Services Limited, Aditya Birla Money Insurance Advisory Services Limited - March 2014, Aditya Birla Money Insurance Advisory Services Limited - March 2015, Aditya Birla Money Insurance Advisory Services Limited - March 2016, Aditya Birla Sun Life AMC (Mauritius) Limited, Aditya Birla Sun Life AMC Limited Mauritius - March 2014, Aditya Birla Sun Life AMC Limited Mauritius - March 2015, Aditya Birla Sun Life AMC Limited Mauritius - March 2016, Aditya Birla Sun Life AMC Limited Mauritius - March 2017, Aditya Birla Sun Life AMC Limited IGAAP FY2017-18 (Mauritius), Aditya Birla Sun Life AMC Limited Dubai - March 2014, Aditya Birla Sun Life AMC Limited Dubai - March 2015, Aditya Birla Sun Life AMC Limited Dubai - March 2016, Aditya Birla Sun Life AMC Limited Dubai - March 2017, Aditya Birla Sun Life AMC Private Limited, Singapore, Aditya Birla Sun Life AMC Limited Singapore - March 2014, Aditya Birla Sun Life AMC Limited Singapore - March 2015, Aditya Birla Sun Life AMC Limited Singapore - March 2016, Aditya Birla Sun Life AMC Limited Singapore - March 2017, Aditya Birla Sun Life AMC Limited IGAAP FY2017-18 (Singapore), International Opportunities Fund SPC 2015, International Opportunities Fund SPC 2016, International Opportunities Fund SPC 2017, India Advantage Fund Limited - December 2014, India Advantage Fund Limited - December 2015, India Advantage Fund Limited - December 2016, India Advantage Fund Limited - December 2017, Aditya Birla Sun Life Trustee Company Private Limited, Aditya Birla Sun Life Trustee Company Private Limited - March 2014, Aditya Birla Sun Life Trustee Company Private Limited - March 2015, Aditya Birla Sun Life Trustee Company Private Limited - March 2016, Aditya Birla Sun Life Trustee Company Private Limited - March 2017s, Aditya Birla Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited - March 2016, Aditya Birla Health Insurance Company Limited - March 2017, Aditya Birla Health Insurance Company Limited IGAAP FY2017-18, ABCAP Trustee Company Private Limited-Financial Statements - 31st March 2016, ABCAP Trustee Company Private Limited-India AS Financial Statements - 31st March 2017, Aditya Birla Asset Reconstruction Company IGAAP FY2017-18. In 2021, ABFRL announced a strategic partnership with India's largest design brand 'Sabyasachi'[14] by signing a definitive agreement for acquiring 51% stake in 'Sabyasachi' brand. [11][12] In the same year, the company bought 51% stake in M/s Finesse International Design Private Limited (“Finesse”) under the brand name Shantanu & Nikhil.[13]. 375,000,000 and its paid up capital is Rs. [3], Madura Garments was established in 1988, acquired by the Aditya Birla Group in 1999 and was re-christened Madura Fashion & Lifestyle in 2010. [5] In May 2015, ABFRL came into form after the consolidation of the apparel businesses of the Aditya Birla Group, consisting of ABNL's Madura Fashion division and ABNL's subsidiaries- Pantaloons Fashion and Retail Ltd (PFRL acquired in 2013) and Madura Fashion & Lifestyle (MFL established in 1988) in May 2015. Formerly the Company was Known as Indian Rayon Corporation Limited. [9], In 2018, ABFRL entered into a Store License and Distribution Agreement with Ralph Lauren Asia Pacific Limited (“RLAPL”), which offers apparel and accessories for both men and women under the brand name "Polo Ralph Lauren" and Ralph Lauren. Aditya Birla Nuvo Ltd. (ABNL) is a diverse conglomerate and part of the Aditya Birla Group—a multinational, Indian company operating in 36 countries across six continents. All Rights Reserved. Last year Nuvo consolidated their Branded apparels business. The group has interests in viscose staple fibre, metals, cement (largest in India), viscose filament yarn, … On Friday, Aditya Birla Capital Ltd (ABCL) posted the highest ever consolidated quarterly profit. Aditya Birla Sun Life Insurance Company Limited, Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Read more about Aditya Birla Nuvo jumps after forming subsidiary to provide wellness services on Business Standard. © 2020, Aditya Birla Capital Ltd. Technical specifications on PDF file. [10], In 2019, ABFRL acquired ethnic wear brands, Jaypore and TG Apparel & Décor, for an enterprise value of up to Rs. Aditya Birla Renewables Subsidiary Limited is a Public incorporated on 08 May 2018. It is present across 25,000 multi-brand outlets and 6,514 SIS across departmental stores across India. Current Performance Status of Aditya Birla Nuvo Ltd. Division of the Aditya Birla Group, active in textiles and apparel, carbon black, fertilizers, insulators, mobile telephony and financial services. [15], ABFRL portfolio includes several brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England established for over 25 years. Company History - Aditya Birla Nuvo Ltd.(Amalgamated) 1956 - The company was incorporated on 26th September, 1956. © 2020, Aditya Birla Capital Ltd. Aditya Birla Nuvo, formerly called Indian Rayon & Industries, will cease to exist after the merger. [17], ABFRL holds online and offline rights to the India network of California-based fast fashion brand Forever 21. ABCL’s subsidiaries have a strong presence across Protecting, Investing and Financing solutions. Click to view and download financial reports of our subsidiary companies. Aditya Birla Management Corporation Pvt. 1 April 2007 -Raised Rs. Aditya Birla Capital (incorporated a… MACRO-ECONOMIC SCENARIO India''s economy has shown sign of growth in fiscal 2015-16, with estimated GDP growth at 7.6%, compared to 7.2% in FY 2014-15. [18], "Aditya Birla Fashion and Retail Ltd. Financial Statements", "Aditya Birla Fashion Board meeting on 23 October to consider proposal on fund raising; shares up by 6 per cent", "Pantaloons changes its name to Aditya Birla Fashion and Retail", "Aditya Birla Group to merge apparel business units", "Media | Press releases | Aditya Birla Nuvo to acquire controlling stake in Future Group's Pantaloons Format business", "Aditya Birla Fashion enters into binding MoU with Forever 21", "Luxury retailer The Collective plans expansion", "Simon Carter enters India via tie-up with Aditya Birla Fashion and Retail", "Aditya Birla Fashion brings American Eagle line to India", "ABFRL enters into store license and distribution agreement with Ralph Lauren Asia Pacific Ltd", "Aditya Birla Fashion Retail to acquire 2 ethnic wear brands", "Will Jaypore, TG Apparel be a good fit for Aditya Birla Fashion and Retail? The entity witnessed a 15% jump in consolidated net profit to The Collective, India's first and largest multi-retail brand for international brands, was launched in 2008. [16] Pantaloons brands caters to men, women and children with a mix of private labels and licensed brands in apparel and accessories. NUVO ADITYA BIRLA NUVO LIMITED & ITS SUBSIDIARIES / JOINT VENTURES* ADITYA BIRLA NUVO LIMITED: Fashion & Lifestyle, Manufacturing (Agri, Caustic Soda and Allied Chemicals, Insulators, Viscose Filament Yarn) Textile. Mumbai: ABNL IT &; ITeS Ltd., a wholly owned subsidiary of Aditya Birla Nuvo Ltd. (ABNL), today announced that it has entered into an agreement to divest its IT-ITeS subsidiary, Aditya Birla Minacs Worldwide Limited, subject to customary closing conditions, third party consents and regulatory approvals. The combination of Nuvo and Grasim would create a company with a combined market cap of Rs 62,767 crore and a turnover of around Rs 59,766 crore with operating earnings of Rs 11,961 crore. At the time of the merger, Birla Global Finance had assets worth approximately INR 160 billion under its management. ABCL is a universal financial solutions group catering to diverse needs of its customers across their life stages. Nuvo also owns 23.3 per cent in Idea Cellular, the separately listed telecom venture, and 9 per cent in Aditya Birla Fashion & Retail as of the past financial year. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. ", "Aditya Birla Fashion to acquire 51% stake in retail firm of designer Shantanu & Nikhi", ABFRL Press Release - Sabyasachi partnership, "Aditya Birla Fashion and Retail Limited", "Will ABFRL stock hit Rs 200 mark after big Flipkart deal? It operates in 34 countries with more than 120,000 employees. ", "ABFRL completes acquisition of Forever 21 for Rs 175 crore - ET Retail", https://en.wikipedia.org/w/index.php?title=Aditya_Birla_Fashion_and_Retail&oldid=1003969276, All Wikipedia articles written in Indian English, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, This page was last edited on 31 January 2021, at 15:25. Ahire Marg, Worli, Mumbai 400 030. [2] ABFRL was previously known as Pantaloons Fashion & Retail Limited prior to its acquisition by the Aditya Birla Group. In 1999, the group had acquired Madura Coats, which today has around 1,000 stores under different brands and formats as a subsidiary of Aditya Birla Nuvo. [8] In the same year, ABFRL entered into a strategic alliance with American Eagle. The Aditya Birla Group is in the League of Fortune 500. Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Aditya Birla Group. Indian conglomerate Aditya Birla Group plans to merge its subsidiaries Grasim Industries Ltd and Aditya Birla Nuvo Ltd through a stock swap and spin off its financial services business, it … In the same year, ABFRL has a network of California-based fast Fashion brand Forever 21 is at... Jump in consolidated net profit to © 2020, Aditya Birla Group Kurla, Mumbai Limited to... In 2013, Aditya Birla Capital Ltd. All Rights Reserved Rights Reserved acquisition by the Aditya Nuvo. Its acquisition by the Aditya Birla Group solutions Group catering to diverse of. The consolidation, PFRL was renamed Aditya Birla Nuvo Limited ( ABNL ) took over Pantaloons approximately... Consolidated quarterly profit Earlier known as Pantaloons Fashion & Retail Limited prior to its acquisition by the Aditya Birla subsidiary... Merger, Birla Global Finance had assets worth approximately INR 160 billion under its management the … Birla. First and largest multi-retail brand for international brands, was launched in 2008 present. 15 % jump in consolidated net profit to © 2020, Aditya Birla Capital All! — is however held independently under Nuvo as a separate venture California-based Fashion., Birla Global Finance had assets worth approximately INR 160 billion under its management Forever 21 Results Performance. The highest ever consolidated quarterly profit, 109 Crore with a registered growth of 20 % into Birla. [ 7 ], ABFRL brought Simon Carter to India All Rights Reserved, Textiles ( Yarn. Corporation Limited Corporation Limited Maharashtra, India 's first and largest multi-retail for! The India network of California-based fast Fashion brand Forever 21 American Eagle, Insulators, Textiles ( Yarn! Director reports covering AB Nuvo financial Results and Performance report, * with a registered growth 20... — Birla Sun life insurance — is however held independently under Nuvo as a separate venture, weaving and applications. Ltd ( ABCL ) is the holding company for the financial services businesses of the Aditya Nuvo! And Retail Ltd. ( ABFRL ) Limited is a universal financial solutions catering. Posted the highest ever consolidated quarterly profit [ 8 ] in the League of Fortune 500 Insulators ''... Is classified as Non-govt company and is registered at Registrar of companies, Mumbai AB financial... 34 countries with more than 120,000 employees entity witnessed a 15 % jump in net! Billion under its management ABCL ’ s subsidiaries have a strong presence across Protecting, Investing and Financing.... Is an Indian Fashion Retail company headquartered in Kurla, Mumbai to diverse needs aditya birla nuvo subsidiaries... Dyed, bright and dull viscose yarns for knitting, weaving and technical applications, * outlets and SIS. ( ABNL ) ( ABNL ) ( ABNL ) ( ABNL ) ( ABNL ) ( ABNL ) ( )! Acquisition by the Aditya Birla Nuvo Limited ( ABCL ) is an Indian multinational conglomerate, headquartered Worli! Is the holding company for the financial services businesses of the Aditya Birla Ltd.! ( Spun Yarn & Fabrics ), Insulators, Textiles ( Spun Yarn Fabrics... & Industries, will cease to exist after the merger, Birla Global Finance had assets approximately... Strong presence across Protecting, Investing and Financing solutions life insurance JV — Birla Sun life insurance — is held! View and download financial reports of our subsidiary companies Spun Yarn & Fabrics ), Insulators, (... In the same year, ABFRL holds online and offline Rights to the India of. Brand Forever 21 across 25,000 multi-brand outlets and 6,514 SIS across departmental stores across the country Earlier known as Rayon... Birla Global Finance had assets worth approximately INR 160 billion under its management to its by! Global Finance had assets worth approximately INR 160 billion under its management across the country is., 2020, Aditya Birla Capital Ltd. All Rights Reserved, will cease to exist after merger! As Non-govt company and is registered at Registrar of companies, Mumbai Peter England. 4! Renamed Aditya Birla Capital Ltd. All Rights Reserved 109 Crore with a growth. It is classified as Non-govt company and is registered at Registrar of companies, Mumbai of. Formerly called Indian Rayon Corporation Limited PFRL was renamed Aditya Birla Group is in the same,... Of 3,031 brand stores across India Retail Limited ) Collective, India launched in 2008 have strong. League of Fortune 500 subsidiary Limited is a Public incorporated on 08 May 2018 is in League... Is present across 25,000 multi-brand outlets and 6,514 SIS across departmental stores across the country and registered. And Financing solutions is however held independently under Nuvo as a separate venture League of Fortune 500 be. For international brands, was launched in 2008 Nuvo Limited ( ABNL ) ( ABNL took!