Aditya Birla Sun Life AMC (ABSLAMC) announced significant changes to its Senior Management Personnel following the Board approval on March 12, 2026. Mr. Karan Dave is being re-designated as the Head of Alternate Investments, Fixed Income, effective April 2, 2026. Concurrently, Mr. Amit Kansal has resigned from the same role, effective April 1, 2026, to pursue opportunities outside the Aditya Birla Group.
Key Leadership Transitions at ABSLAMC
Aditya Birla Sun Life AMC Limited (ABSLAMC) has confirmed important adjustments within its senior leadership structure. These changes were approved by the Board of Directors on Thursday, March 12, 2026, based on recommendations from the Nomination, Remuneration, and Compensation Committee.
Redesignation of Mr. Karan Dave
Effective from April 2, 2026, Mr. Karan Dave has been re-designated as the Head – Alternate Investments, Fixed Income, and will hold the status of Senior Management Personnel. Mr. Dave brings over 19 years of experience in Corporate Lending and Investments, having been associated with the Aditya Birla Capital Group for the last 15 years.
Prior to his tenure at ABC, Mr. Dave held positions at ICRA Limited and Maruti Suzuki India Limited. He is an MBA from IIM Bangalore and a rank-holding Chartered Accountant.
Resignation of Mr. Amit Kansal
The company also accepted the resignation of Mr. Amit Kansal, who served as the Head – Alternate Investments, Fixed Income. His resignation, categorized as effective from the close of business hours on April 1, 2026, is intended to allow him to pursue external career opportunities outside the Aditya Birla Group.
Mr. Kansal expressed deep gratitude for his tenure, which spanned approximately 15 years across various roles within ABSLAMC, ABC, and the wider Group.
Board Meeting Details
The Board Meeting where these changes were approved commenced at 10:45 a.m. and concluded at 12:51 p.m. on the date of the announcement.
Source: BSE
