Aditya Birla Sun Life open to consolidation due to Covid-19 disruptions: MD

Kamlesh Rao said that in times of socio-economic crisis like this Covid-19, 30-35% companies find it difficult to survive, while 15-20% firms outshine their peers in respective industries

Aditya Birla Sun Life Insurance (ABSLI) on Sunday said it is open to opportunities for consolidation as the sector is expected to undergo a churn as a result of business disruptions caused by the Covid-19 pandemic.

In an e-mail interview to PTI, ABSLI managing director and chief executive Kamlesh Rao said data suggests that in times of socio-economic crisis like this Covid-19, around 30-35 per cent companies find it difficult to survive, while close to 15-20 per cent firms outshine their peers in respective industries and emerge successful.

Based on the performance, "we hope to be in the list of