MUMBAI: In a significant leadership change, the board of directors of Aditya Birla Capital Ltd. (ABCL) has officially approved the appointment of Vishakha Mulye as its new managing director and chief executive officer. The appointment, which is subject to shareholder approval, is for a period of five years, effective from September 1, 2025, to August 31, 2030.
The company’s exchange filing on Monday also announced the appointment of Rakesh Singh as the managing director and CEO of its non-banking financial company (NBFC) segment. His term will run from September 1, 2025, to July 22, 2027.
About the New Leaders
Vishakha Mulye has been a director on the board of Aditya Birla Management Corporation since 2022. During her time at ABCL, she has been a key driver of the company’s growth strategy. According to the filing, she “envisioned the ‘One ABC, One P&L’ strategy,” which is focused on a unified customer experience across all of the company’s financial services. Under her leadership, Aditya Birla Capital has expanded its offerings to include loans, investments, insurance, and payments. She also oversaw the development of a D2C platform to provide comprehensive financial solutions to customers. Before joining the Aditya Birla Group, Mulye held several prominent leadership positions at the ICICI Group, including serving as an Executive Director at ICICI Bank and spearheading the successful merger of ICICI and ICICI Bank in 2002.
Rakesh Singh brings a wealth of experience to his new role. Prior to his tenure at Aditya Birla Group, he spent 16 years at Standard Chartered Bank, where he held various key leadership roles, including head of the mortgages business in India and general manager & head of SME Banking for India and South Asia. He is a distinguished alumnus of Harvard Business School’s Advanced Management Program and the Indian Institute of Management, Calcutta.
The appointments come at a strategic time for Aditya Birla Capital, which has successfully raised ₹4,500 crore in growth capital under Mulye’s guidance. Following the announcement, shares of Aditya Birla Capital closed 0.68% higher at ₹280 per share on the BSE
Aditya Birla Capital Appoints Vishakha Mulye As MD & CEO, Rakesh Singh To Lead NBFC Segment
