Aditya Birla to invest Rs 10 bn a year in NBFC and housing finance company

Its lending business contributed Rs 13.06 billion to revenue in Q3FY18, up from Rs 12.46 billion in Q3FY17

Aditya Birla Capital plans to invest Rs 10 billion each year to grow the lending business that it runs through two units — an NBFC and a Housing Finance Company — as it seeks to build its retail and SME loan book.

The combined outstanding loan book of its NBFC and housing finance business was up 41 per cent to Rs 465.22 billion at the end of December 2017, from Rs 330.47 billion in December 2916.

The group, which had invested about Rs 2.5 billion in April-December 2017 in housing finance, will take a call invest more in this year