AB Capital appoints Vishakha Mulye as the MD and CEO for five years

Vishakha has been credited for envisioning the ‘One ABC, One P&L’ strategy which has been central to Aditya Birla Capital’s transformative journey.

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26 Aug, 2025 12:21

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Financial services company Aditya Birla Capital has appointed Vishakha Mulye as the Managing Director and Chief Executive Officer for five years, effective from September 1, 2025, a company filing said.

Vishakha Mulye is a director on the board of Aditya Birla Management Corporation Private Limited (ABMCPL), which is the apex corporate body of Aditya Birla Group for strategic direction and vision to group entities. She is also on the board of ABCL’s operating companies - Aditya Birla Housing Finance, Aditya Birla Sun Life AMC, Aditya Birla Sun Life Insurance and Aditya Birla Health Insurance. Aside of these, Vishakha has been an independent director on the board of NPCI International Payments.

Before joining the Aditya Birla Group, Vishakha had held key positions at the ICICI Group, driving strategic changes.

The company statement said Vishakha has been credited for envisioning the ‘One ABC, One P&L’ strategy which has been central to Aditya Birla Capital’s transformative journey. She also reimagined AB Capital’s service model, branding via the mobile app ABCD - an omnichannel D2C platform - which consolidates loans, investments, insurance, and payments.

AB Capital, under Vishakha’s guidance, had raised Rs 4,500 crore in growth capital through a combination of preferential issuances, QIP, and divestment of stakes in select businesses.

The appointment of Rakesh Singh as an Executive Director and Chief Executive Officer
(NBFC) has also been confirmed, for five years, subject to shareholder approval. Under his leadership, AB Capital's NBFC business has expanded to offer comprehensive lending, financing, and wealth management solutions to a diverse customer base across India. Prior to joining Aditya Birla Group, Rakesh Singh had spent 16 years at Standard Chartered Bank.

Aditya Birla Capital has a market capitalisation of over Rs 73,000 crore, and the shares are higher by 57 percent on YTD basis.