Nippon Life India Asset Management Reports Financial Results, Recommends Final Dividend, and Announces Management Changes

Nippon Life India Asset Management Reports Financial Results, Recommends Final Dividend, and Announces Management Changes​

Nippon Life India Asset Management Limited (NAM India) announced its financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the audited standalone and consolidated financial results and recommended a final dividend for the financial year 2025-26. The company also approved significant updates to its management team and employee stock option schemes.

Financial Performance Highlights​

For the fiscal year 2025-26, NAM India reported robust financial growth. The company's assets under management (AUM) also showed substantial gains across various segments.

Based on the media release, Nippon India Mutual Fund (NIMF) saw its Quarterly Assets Under Management (QAAUM) grow 30% Year over Year (YoY) to INR 7.25 trillion, increasing its market share by 63 basis points YoY to 8.89%. The company's overall performance was marked by the highest ever annual operating profit and profit after tax.

The financial results show the following performance data for the year ended March 31, 2026, in Indian Rupees (INR):


Key Financial Indicators:

• NAM India's Closing AUM grew 18% YoY to INR 7.73 trillion.
• The Profit after Tax for FY26 was INR 15.29 billion, up 19% YoY.
• The Dividend Payout for FY26 is proposed at INR 21.50 per share, representing approximately 91.5% of the Profit After Tax.

Dividend and Employee Compensation Schemes​

The Board of Directors recommended a final dividend of Rs. 12.50 per Equity Share, where the face value of the share is Rs. 10/- each, for the financial year ended March 31, 2026. Including an interim dividend of Rs. 9.00 per equity share distributed in November 2025, the total dividend for the financial year 2025-26 amounts to Rs. 21.50 per Equity share.

Shareholders are given the following dates for the dividend:

• Record Date: Friday, June 26, 2026.
• Payment Date: On and from July 10, 2026.

The company also approved major adjustments to its employee incentive structures:

• Stock Option Schemes: The Board approved the adoption of the 'Nippon Life India Asset Management Limited - Employee Stock Option Scheme 2026' (ESOS 2026) and amendments to the 'ESOP 2017' and 'ESOP 2019' to reduce and transfer unallocated stock options to ESOS 2026.
• Stock Grants: The Board approved the grant of 3,87,448 stock units under the 'Performance linked Stock Unit Scheme 2023' (PSU 2023) at Rs. 10.00 per unit, and 15,96,475 stock options under the 'Employee Stock Option Scheme 2023' (ESOP 2023) at Rs. 898.04 per option.

Key Leadership and Governance Updates​

The Board of Directors noted several changes in senior management personnel and the board's composition, effective on or around April 2026 to June 2026.

Director Changes:

• Mr. Hironao Kunita (Nominee of NLI, Promoter of the Company) was approved as an Additional (Non-Executive) Director effective April 27, 2026.
• Mr. Kosuke Kuroishi (Non-Executive Director, Nominee of NLI) resigned from his post effective April 27, 2026, due to changes in the management team of NLI.

Management Appointments and Transitions:

• Mr. Sundeep Sikka assumed the office of Managing Director and Chief Executive Officer of the Company for a fresh term of 5 years, effective April 22, 2026.
• Mr. Saugata Chatterjee, previously President and Chief Business Officer - Sales, Distribution & Operations, was appointed as the Deputy Chief Executive Officer effective May 1, 2026.
• Mr. Mohit Shetty, currently Deputy CHRO, was appointed as the Chief Human Resources Officer (CHRO) effective June 1, 2026.
• Mr. Muneesh Sud, previously Chief Legal and Compliance Officer, was re-designated as the General Counsel & Chief of Compliance effective May 1, 2026.
• The Board noted that Mr. Rajesh Derhgawen, the Chief Human Resources Officer (CHRO) & Senior Management Personnel, will be superannuating effective May 31, 2026.

NAM-INDIA Stock Price Movement​

Today, Nippon Life India Asset Management Limited shares edged higher, settling at ₹994.00 after gaining 1.50% on the trading day. The equity saw substantial activity, reporting total traded volume of 742,595 shares.