
Expansion12 Nov 2026, 03:22 pm
Aditya Birla Capital Opens 100th Gold Loan Branch
AI Summary
Aditya Birla Capital Limited (ABCL) has inaugurated its 100th dedicated Gold Loan branch in Santacruz, Mumbai, marking its entry into the city. This expansion is part of ABCL's strategy to build a nationwide gold loan franchise with over 1,000 branches in the next three years. The company aims to leverage the growing demand for formal credit in markets like Maharashtra, which saw significant growth in gold loan origination. The Gold Loan business had an Assets Under Management (AUM) of ₹200 crore as of September 30, 2026. This milestone was achieved within three months of the business launch, demonstrating strong execution capabilities.
Key Highlights
- ABCL opens its 100th dedicated Gold Loan branch in Mumbai.
- Company aims for 1,000+ branches nationwide in three years.
- Gold Loan AUM reached ₹200 crore as of September 30, 2026.
- Expansion targets high-potential markets like Maharashtra.
Price Impact
More from ABCAPITAL