Abstract India has shown remarkable growth post, liberalization in 1991 but achieving financial inclusion — measured through branch penetration, deposit penetration, credit penetration — still remains ‘an open challenge. ‘The Reserve Bank of India (RBI) regulation to issue new bank licences addresses this problem of service penetration with preferences to Non-Banking. Financial Corporations. Non-banking Financial ‘Companies (NBFC) industry in India has been the result of under regulation to over regulation by RBI. It has been an attempt to set controls and then restrain them so that they don’t curb the growth of the industry. In the Tight of these recent developments this report explores the avenues and opportunities for future growth of Aditya Birla Financial Services Group (ABESG). ADITYA BIRLA FINANCIAL SERVICES GROUP | 3EXECUTIVE SUMMARY, 5 1.0 MACROECONOMIC CONDITIONS... 6 2.0 INDUSTRY & DIVISION OVERVIEW. 8 2.1. LIFE INSURANCE a 2.1.1 Birla Sun Life Insurance (BSL). a 2.2 MUTUAL FUNDS 9 2.2.1 Birla Sun Life Asset Management Company (BSLAMC) 1... o o uu 2.3 LOANS & CORPORATE FINANCE so a a 2 2.3.1 Aditya Birla Finance (ABF). R 2.4 OTHER BUSINESSES. snes somone 1B 2.4.1 Aditya Birla Money Mart Limited (ABM).. B 2.4.2 Aditya Birla Insurance Brokers Ltd. (ABIBL). B 3.0 ADITYA BIRLA GROUP - KEY FEATURES OF THE CONGLOMERAT! 4.0 LONG-TERM OBJECTIVES. 5.0 DIVISION-WISE ANALYSIS. 5.1 BSUL 5.1.1 Objective 5.1.2 Critical Success Factors. 15 5.1.3 Strategic Plan 5.1.4 Implementation plan. nnnmnnnnnnninninnnnnrn 5.2 BSLAMC 5.2.1 Objective wenn semnnninennnnnnmnn ve 5.2.2 Critical Success Foctors. 7 5.2.3 Strategic plan 5.2.4 Implementation PIO. nnnmnannnnnnnnneninnrn S.3ABF. 5.3.1 Objective semntinenmnnnnnmann snnnennnnnenn 5.3.2 Crtcal Success Factors 19 5.3.3 Strategic PION cnnnnnanenn ints sennnne 19 5.3.4 Implementation Plan. 20 6.0 SYNERGIES BETWEEN BUSINESSES. 7.0 REFERENCES. APPENDIX A: LIST OF FIGURES... 4 | ADITYA BIRLA FINANCIAL SERVICES GROUP