January 19, 2017 1:11 PM ET

Capital Markets

Company Overview of UTI Asset Management Company Limited

Company Overview

UTI Asset Management Company (P) Ltd. is a privately owned investment manager. It manages mutual funds for its clients. The firm invests in money market, fixed income, and public equity markets of India. It employs in-house research while making its investments. UTI Asset Management Company (P) Ltd. was incorporated on November 14, 2002 and is based in Mumbai, India.

UTI Tower GN Block

Bandra Kurla Complex

Bandra East

Mumbai,  400051


Founded in 2002

1,144 Employees


91 22 6678 6666


91 22 2652 4921

Key Executives for UTI Asset Management Company Limited

Managing Director
Age: 55
Chief Financial Officer, Company Secretary, Head of Administration, Head of Information Technology, and Head of Funds Management
Senior Vice President, Head of Research, and Fund Manager of Equities
Age: 45
Head of Legal, Internal Audit, and Operating Risk
Compensation as of Fiscal Year 2016.

UTI Asset Management Company Limited Key Developments

Bank of Baroda Reportedly In Talks To Buy Central Bank's Housing Finance Arm

Bank of Baroda (BSE:532134) reportedly is in talks to acquire stake in Cent Bank Home Finance Ltd. Bank of Baroda is in talks to buy a majority stake in Cent Bank Home Finance (CBHFL), the housing finance subsidiary of Central Bank of India (BSE:532885), say sources. Central Bank of India holds 64% stake in Cent Bank Home Finance, while Housing and Urban Development Corporation Ltd., UTI Asset Management Company Limited and National Housing Bank are the other promoters. "Talks are at an advanced stage. Central Bank has agreed to sell its entire stake to Bank of Baroda," a source told PTI. It is, however, not clear whether Bank of Baroda has approached other shareholders of Cent Bank Home Finance to purchase their stakes as well. According to sources, Bank of Baroda has appointed SBI Capital Markets Limited, while Central Bank has engaged a couple of merchant bankers including IDBI Capital Markets & Securities Ltd. as advisors. Both, Bank of Baroda as well as Central Bank did not respond to calls and text messages.


UTI Asset Management Company Limited plans to sell shares worth around INR 20 billion through an initial public offering and a subsequent offer for sale by March, 2017. The offer will let State Bank of India (NSEI : SBIN), LIC Housing Finance Ltd. (NSEI : LICHSGFIN), Bank of Baroda (BSE : 532134) and Punjab National Bank (BSE : 532461) to sell their partial stake in the company.

UTI Asset Management Company Limited Appoints Vetri Subramaniam as Group President & Head- Equity

UTI AMC has appointed Vetri Subramaniam as Group President & Head- Equity. He will be in-charge of fund management of the equity schemes of UTI AMC aggregating to approx. INR 380,000 million. He is currently serving his notice period at Invesco Asset Management, where he is the Chief Investment Officer. He has also worked with companies like Kotak Mahindra Asset Management, Motilal Oswal Securities etc.

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