The Aditya Birla Group’s interest in the financial services business predates the liberalization of the Indian economy. In 1986, the group, then headed by Aditya Vikram Birla, started Birla Growth Fund to finance the purchase of industrial equipment and consumer durables, and to trade in stocks. It launched a non-banking financial company (NBFC) in 1991 and in 1994, the business was rebranded Birla Global Finance Ltd.
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