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Aditya Birla Group
Eyeing a large untapped opportunity in the young adult segment, Aditya Birla Health Insurance Company Ltd (ABHICL) on Tuesday launched a health insurance plan targeted at people aged 25-35 years, where penetration is below 15 per cent even though the cohort makes up about 65 per cent of India's population. The standalone health insurer introduced Activ Yuva, a wellness-focused health insurance product designed to keep customers engaged beyond hospitalisation through rewards linked to healthy lifestyle habits such as nutrition, fitness and sleep. "We see a significant opportunity in the 25-35 age segment. While they account for nearly 65 per cent of the country's population, their share in health insurance is less than 15 per cent," ABHICL Chief Executive Officer Mayank Bathwal said. ABHICL is a JV between Aditya Birla Capital Ltd and Momentum Group of South Africa. Bathwal said the company expects to grow faster than the health insurance industry, although he declined to provide a
Fair trade regulator CCI on Tuesday cleared the acquisition of IPL franchise Royal Challengers Bangalore by a consortium of Aditya Birla Group, The Times of India Group, Bolt Ventures and Blackstone in a Rs 16,660 crore all-cash deal. In March this year, United Spirits Ltd (USL) announced the sale of IPL franchise Royal Challengers Bangalore (RCB) in a Rs 16,660 crore all-cash deal to the consortium. The Competition Commission of India (CCI) said it has approved the proposed deal. "CCI approves acquisition of 100 per cent shareholding of Royal Challengers Sports by a consortium comprising Big Banyan Holdings, Bolt IPL Holdings, Times Internet, Times Cricket, ICQ Opportunities, Asia Investment Topco II and others," the regulator said in a post on X. Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
Aditya Birla Real Estate Ltd (ABREL) will redevelop a housing society in Mumbai and expects a revenue of Rs 1,700 crore from free-saleable area. In a regulatory filing on Friday, the company said its subsidiary Birla Estates Pvt Ltd has entered into the redevelopment market with its first project in Mumbai Metropolitan Region (MMR). Birla Estates will redevelop Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society in Khar West, Mumbai's Western Suburbs. The project is being developed under a joint redevelopment arrangement with Parinee Real Estate Builders. "With a saleable area of 2.9 lakh sq ft, the project has an estimated revenue potential of Rs 1,700 crore," ABREL said. Birla Estates develops premium residential housing in key markets. It also has a commercial portfolio with two grade-A commercial buildings located in Worli, Mumbai, with 6 lakh sq ft of leasable area.
Aditya Birla Lifestyle Brands Ltd has reported a 14.42 per cent year-on-year increase in its consolidated net profit to Rs 69.01 crore for the December quarter of FY26. The company had posted a net profit of Rs 60.31 crore during the October-December quarter a year ago, according to a regulatory filing from Aditya Birla Lifestyle Brands Ltd (ABLBL) on Monday. Its revenue from operations rose 9.57 per cent to Rs 2,343.17 crore in the December quarter of FY26, compared to Rs 2,138.40 crore in the year-ago period. ABLBL, which has been formed after the demerging of the business of Madura Fashion and Lifestyle, total expenses were at Rs 2,230.40 crore, up 7.36 per cent in the December quarter. Total income of ABLBL, which included other income as well, was up 9.33 per cent to Rs 2,362.22 crore. ABLBL has lifestyle brands business as - Louis Philippe, Van Heusen, Allen Solly, Peter England, Simon Carter and youth western wear Brands as American Eagle. Besides, it also has sportswear b