Rajveer Sekhawat 
Building companies from scratch or from a low base to something significant and material is a very different skill to building an organisation that has already reached a particular scale. It’s the difference between an architect and a maintenance engineer for instance. One such personality who has done this multiple times over more than three decades in india and Asia is Ajay Srinivasan. His in-depth knowledge and expertise at building teams and institutions have helped multiple organizations achieve scale within a relatively short period. So, let us have a quick look at Ajay Srinivasan’s journey towards helping companies achieve exponential scale and financial success.
Ajay Srinivasan’s Area Of Expertise:
Ajay Srinivasan has extensive experience in the financial services industry. During his tenure as the Chief Executive Officer (CEO) of Aditya Birla Capital Limited, he brought about an enormous transformation to ABCL. Under his leadership, ABCL was transformed into a universal financial solutions provider ranked amongst the top 100 companies in India.
As a mentor, Ajay offers valuable insights and guidance on different aspects of institution building like innovation, strategy and customer-centricity. He also has enormous experience in building teams from scratch and managing multiple business verticals. In fact being a CEO of CEOs which he has done requires a different level of expertise in working with senior, talented people. This expertise can help all organisations including startups to master the art of building a process and people-driven company with a collaborative mindset.
His Role In Helping ABCL Achieve Extraordinary Success:
Ajay Srinivasan was aable to leverage the strong Aditya Birla brand to build extraordinary success. Srinivasan’s visionary leadership skills in the financial sector allowed him to take Aditya Birla Capital Limited to the position of being one of the largest known financial service players in India. The company was able to develop an extraordinary presence for itself in diverse fields like asset management, health and life insurance and broad based lending.
In FY22, ( pls check if 21 or 22) under Ajay Srinivasan’s leadership, ABCL recorded a turnover of over INR 20,000 crore. The company’s profit before tax was over INR 2,000 crore. It also recorded assets under management of over INR 3,35,000 crore, an insurance premium of INR 11,076 crore, and a lending book of INR 60,000 crore. The company has the trust of over 24 million active customers. It has a workforce of over 22,500 people.
ABCL has also won multiple awards in various sectors, all under the leadership of Ajay Srinivasan. Some of the recent rewards that ABCL acquired under the strong leadership of Ajay Srinivasan include ‘Top 25 Innovative Companies in India’, ‘Asia Pacific Enterprise Award for Corporate Excellence’, ‘Brand of the Year’, ‘IMC RBNQA Best Practice Award’, ‘Top 25 Dream Employer’, and ‘FICCI CSR’ award.
Ajay’s Journey Through The Years:
Prior to the his stint at ABCL, Ajay has held several senior leadership roles in different global financial companies. He started his career with ICICI. He was the first CEO of the joint venture between ICICI and Prudential in Asset Management in India. After that, he held various leadership roles and built himself a track record of setting up and scaling multiple businesses. Throughout his career, he has helped build strong teams. He has also built businesses from scratch not just in India but across Asia.
Over two-thirds of his career was spent as a CEO. He was the Chief Executive, Fund Management at Prudential Corporation Asia, based in Hong Kong. While in this role, he oversaw a business with total funds under management of around 70 billion USD across 10 countries. This made the company the second-largest retail fund manager in the entire Asia at that time.
Prior to his role at Prudential, Ajay was the Deputy Chief Executive Officer and Chief Investment Officer for India operations of ITC Threadneedle Asset Management. These diverse roles and responsibilities have offered him enhanced expertise. In fact, his experience in the financial services industry spans over 30 years. This highlights his ability to bring about extraordinary growth and prosperity to the organization of which he is a part.
Ajay Srinivasan was also involved in the startup ecosystem through Bizlabs initiatives which was set up by Aditya Birla Groupl. With his vision and experience, he has supported and guided multiple startups to steer in the right direction. He has brought enormous financial success to every organisation of which he has been a part. Because of his extraordinary skills and expertise, Ajay Srinivasan news has made it to the headlines for years now.
His Early Days and other interests:
Ajay received his degree in Economics Honours from St. Stephen’s College. Post that, he completed his MBA from IIM Ahmedabad. He has also been a member of the National Council of the CII for multiple years. He had chaired the CII NBFC committee and was an active part of various other committees as well.
Ajay also holds an interest in golf and cricket. He loves various genres of music. He also takes a keen interest in reading, teaching and travelling. He has been actively involved with a number of NGOs through his career as he believes giving back is an essential part of corporate life.
Wrapping Up:
Throughout his career, Ajay Srinivasan’s focus has always been on profitable growth with a strong focus on innovation and customer-centricity which has allowed him to further take businesses to new heights. He is one of the pioneers of the mutual fund industry in India and Ajay Srinivasan news on this sector goes back to the earliest days of the industry. He has been involved with that industry since 1995 and virtually been a part of the massive Indian MF growth story in India.
