Aditya Birla Capital subsidiary wins tax appeal, becomes NBFC-ICC

Aditya Birla Capital Limited (ABCL) reported on December 11, 2025, that the Income Tax Appellate Tribunal (ITAT) dismissed an appeal filed by the Income Tax Department against Aditya Birla Sun Life Insurance Company Limited (ABSLI). This ruling upheld an earlier order that nullified a tax demand of ₹2,12,36,24,774, concluding a tax litigation matter for ABCL's material subsidiary.

Separately, ABCL announced it received the Certificate of Registration from the Reserve Bank of India (RBI) on December 9, 2025, converting it to a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC). This follows the April 1, 2025, effectiveness of the Scheme of Amalgamation of Aditya Birla Finance Limited with ABCL, changing its status from an NBFC – Core Investment Company (NBFC-CIC) to an NBFC-ICC.

The conversion to an NBFC-ICC was a direct consequence of the amalgamation, with ABCL operating as an NBFC-ICC in the interim, guided by RBI's no-objection letter for the scheme, and now officially holds the necessary registration from the RBI.