i. Kumar Mangalam Birla, is the Non-Executive Chairman of the Company. He is also the chairman of the Aditya Birla Group and the chairman on the boards of key group companies in India and globally, such as Novelis Inc Canada, Thai Rayon Public Company Limited, Hindalco Industries Limited, Grasim Industries Limited, Aditya Birla Capital Limited, Century Textiles and Industries Limited, UltraTech Cement Limited and Aditya Birla Fashion and Retail Limited. He holds a bachelor’s degree in commerce from the University of Bombay and a master’s degree in business administration from London Business School. ii. Ajay Srinivasan, is a Non-Executive Director of the Company with over three decades of experience in financial services and has been on the Board of the Company since August 2, 2007. He is the Chief Executive Officer at ABCL, the non-operating holding company for the financial services businesses of the Aditya Birla Group and the largest shareholder of the company. He joined the Aditya Birla Group in 2007, and during his tenure, the business under ABCL has grown significantly. Before joining the Aditya Birla Group, he has had experience in leadership positions with financial institutions having operations in India and internationally such as Prudential ICICI AMC and Prudential Corporation Asia. He is the Chairman of the CII National Committee on NBFCs. iii. Sandeep Asthana is a Non-Executive Director of the Company and has been on the Board of the Company since April 27, 2011. He holds a bachelor’s degree in chemical engineering from the Indian Institute of Technology, Bombay, and a post-graduate diploma in management from the Indian Institute of Management, Lucknow. He brings over 27 years of experience in insurance and asset management. He is the Country – Head, India, for Sun Life Financial since 2011. His experience covers leadership roles in Reinsurance Group of America (RGA Re), Unit Trust of India (UTI), and Zurich Risk Management Services (India) Private Limited. He is also on the board of Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Sun Life Pension Management Limited.

(Fig. in Crs)

Name of the Company	AUM	Revenue	Revenue/AUM	P/E	Mcap	AUM/Mcap
Reliance Nippon	2,65,990	1419	0.53x	38x	27000	9.85x
HDFC AMC	4,37,231	2194	0.50x	50x	68000	6.42x
UTI AMC	2,06,764	1169	0.56x	25x	13000	15x
Aditya Birla	2,75,545	1205	0.44x	40x	20000	13.75x

 

Review and Recommendation of Aditya Birla AMC IPO by InvestorZone is 5/10 1. Aditya Birla is the largest Non-bank Affiliated Asset Manager in India. 2. It is a well recognised Brand with Experienced Promoters. 3. There is hardly any growth in AUM in the last 4 years. However, mutual fund as an industry is growing at good pace and still the total AUM / GDP is still very less as compared to developed nation. So, ample scope of growth is available for the industry. 4. Asking valuation looks stiff at P/E of 40x and AUM/Mcap of 14x as compared to peers. Among peers based on AUM/Mcap, HDFC AMC looks cheapest.

Aditya Birla Sun Life AMC Ltd One World Center, Tower-1, 17th Floor Jupiter Mills Compound, 841, S. B. Marg Elphinstone Road, Mumbai, 400013 Phone: +91 22 4356 8008 Email: ABSLAMC.CS@adityabirlacapital.com Website: https://mutualfund.adityabirlacapital.com