"The three leading components of our financial services model - credit, investment and insurance - are expected to grow at a CAGR (compounded annual growth rate) of anywhere from 19% to 21% over the next three to five years," Birla said.

Birla was speaking at an event in Mumbai, where the group's financial services arm Aditya Birla Capital unveiled a digital application called ABCD, with an aim to acquire 30 million customers in the next three years.

(Reporting by Siddhi Nayak in Mumbai; Writing by Hritam Mukherjee; Editing by Savio D'Souza and Varun H K)