Aditya Birla Sun Life AMC (ABSLAMC), a joint venture between the Aditya Birla Capital and Sun Life (India) AMC Investments Inc., has been granted approval by IFSCA on January 20, 2022 to carry out Portfolio Management Services through a branch office in International Financial Services Centre (IFSC) in India. ABSLAMC’s move to set up new unit at the Gujarat International Finance Tec-City (GIFT City) is a strategic step towards growth of its international business to expand its reach and service global clients, including NRIs for investing in India. ABSLAMC is the fourth largest asset manager in the country with presence in over 280 locations pan-India and already has a presence in international markets such as Dubai, Singapore and Mauritius.
Aditya Birla Capital is one of the largest financial services players in India.