Bajaj Finserv Ltd
Financial services share in India's market capitalisation increased to 24% in FY21 from ~6% in FY01.
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, and 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.
- 862 urban locations and 751 rural locations
- Network of 1,613 locations
- Total income of Rs. 68,438.98 crore (US$ 8.72 billion) was recorded for FY22
Bajaj Finserv: Think it done
| Year | Milestone |
|---|---|
| 2021 |
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. |
| 2020 |
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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