Aditya Birla Capital Appoints Vishakha Mulye As CEO

The board of Aditya Birla Capital Ltd on Saturday said that it has appointed Vishakha Mulye as the next chief executive officer of the company. She will take over her new position on June 1.

“This appointment comes in the wake of Mr. Ajay Srivinasan’s plans to move out of the current role and he shall be taking up another role within the Aditya Birla Group,” the company said in a statement to the exchanges.

Mulye is currently an executive director at ICICI Bank, in charge of domestic and international wholesale banking, proprietary trading, markets and transaction banking. Prior to this, she was MD & CEO of ICICI Ventures Ltd.

While announcing the bank’s results on Saturday, Sandeep Batra, ED, ICICI Bank had said that Anup Bagchi, who currently heads the bank’s retail business, will be taking over Mulye’s role. Rakesh Jha, the current chief financial officer of the bank will be taking over its retail business.

Srinivasan has been heading Aditya Birla Capital since 2007. For the quarter ended Dec 31, 2021, the non-bank finance company reported a consolidated net profit of Rs 577 crore. The company’s loan book, including its housing finance business, stood at Rs 61,411 crore at the end f the third quarter, up 7% year-on-year. Overall assets under management, including asset management and insurance businesses stood at Rs 3.72 lakh crore.