Bajaj Finserv Ltd
The assets under management growth is expected to double to US$ 1,207 billion (Rs. 100 trillion) by 2030 implying a CAGR of 14% from FY24 to FY30.
Bajaj Finserv Limited is a holding company for various financial services businesses. The company is engaged in the business of promoting financial services, such as finance, insurance, and wealth management, through its investment in subsidiaries and joint ventures (JVs). The company is also engaged in the business of generating power through wind turbines, a renewable source of energy. Its segments include insurance, windmill, retail financing, investments and others. The company is also involved in wind-farm activities. The company focuses on six categories: consumer lending, small and medium enterprise (SME) lending, commercial lending, rural lending, fixed deposits, and value-added services. It serves various customers in the financial services space by providing solutions for asset acquisition through financing, asset protection through general insurance, family protection and income protection in the form of life and health insurance, and retirement and savings solutions.
- 1,298 urban locations and 1,690 rural locations
- Network of 2,988 locations
- Total consolidated income of Rs. 9,714 crore (US$ 1.17 billion) was recorded for fourth quarter of FY24.
Bajaj Finserv: Think it done
| Year | Milestone |
|---|---|
| 2023 |
Bajaj Finance stated that it plans to acquire 26% stake in Pennant Technologies for Rs. 267.50 crore (US$ 32.1 million). In June 2023, The Maharashtra government has signed a Memorandum of Understanding with Bajaj Finserv under which the non-banking finance company will invest Rs. 5,000 crore (US$ 600.3 million) in Pune which is expected to create 40,000 jobs, says Deputy Chief Minister Mr. Devendra Fadnavis. Bajaj Finance raises interest rates on FDs by up to 40 basis points. |
| 2022 |
In December 2021, Bajaj Finance ltd partnered with CARS24 for seamless financing. Bajaj Finserv and Vodafone Idea have teamed up to offer smartphone financing and prepaid plans. Bajaj Finserv launched its healthtech solutions namely, Bajaj finserv health app. |
| 2021 |
In December 2021, Bajaj Finance ltd partnered with CARS24 for seamless financing. |
| 2020 |
Bajaj Finserv and Vodafone Idea have teamed up to offer smartphone financing and prepaid plans. Bajaj Finserv launched its healthtech solutions namely, Bajaj finserv health app. In September 2020, People's Bank of China made an equity investment in Bajaj Finance to acquire less than 1%. Bajaj Finserv introduced Industry-first Digital Health EMI Network Card |
| 2018 |
S&P Global Ratings assigned 'BBB-' long-term and 'A-3' short-term ratings for Bajaj Finance Limited |
| 2017 |
Bajaj Finance enters into Share Subscription Agreement (SSA) with MobiKwik. |
| 2015 |
Bajaj Finance subsidiary gets license to commence housing finance business from National Housing Bank (NHB). |
| 2010 |
Company has changed its name from Bajaj Auto Finance Ltd to BAJAJ FINANCE LTD. |
| 2004 |
Ties up with Bajaj Auto Finance for finance scheme on Intel Pentium 4 PC. |
| 1998 |
Bajaj Auto Finance Ltd (BAFL), has entered into a tie-up with Godrej GE Appliances, Korean consumer durables conglomerate LG and air-conditioning major Blue Star to finance their consumer durables. |
| 1995 |
The company has opened its branch offices at Vijaywada, Nasik, Vishakhapattanam, Calcutta, Goa, Madurai and Pune for promoting company's financing schemes. |
| 1993 |
Opened its branch offices at New Delhi, Chennai, Bangalore and Mumbai for promoting company's financing schemes. |
| 1987 |
Bajaj Auto Finance was incorporated on March 25th, as a private limited company to take up hire purchase finance and lease finance activity. It became a deemed public company by virtue of Section 43(A) of the Act with effect from October 20th, 1987 |
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