Bajaj Finserv

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Bajaj Finserv Limited
TypePublic
ISININE918I01018
IndustryFinancial services
FoundedMay 2007 (14 years ago) (2007-05)[1]
FounderJamnalal Bajaj
Headquarters
Pune, Maharashtra, India
Key people
Rahul Bajaj
(Chairman)
Sanjiv Bajaj
(MD & CEO)
ProductsInsurance, credit cards, mutual fund, mortgage loans, investment management[2]
RevenueIncrease₹54,351.47 crore (US$7.2 billion)[3] (2020)
Increase₹8,301 crore (US$1.1 billion)[3] (2020)
Increase₹3,369.13 crore (US$450 million)[3] (2020)
Total assetsIncrease₹251,384.19 crore (US$33 billion)[1] (2020)
Total equityIncrease₹31,301.25 crore (US$4.2 billion)[1] (2020)
Number of employees
26,969 (2020)[1]
ParentBajaj Group[1]
SubsidiariesBajaj Finance Ltd.[4]
Bajaj Allianz General Insurance
Bajaj Allianz Life Insurance
Bajaj Housing Finance Ltd.[1]
Bajaj Finserv Markets [5]
Websitewww.bajajfinserv.in

Bajaj Finserv Limited is an Indian non banking financial services company[6][7] headquartered in Pune. It is focused on lending, asset management, wealth management and insurance.[8][9][10]

The company employs over 20,154 employees at 1,409 locations, and is engaged in consumer finance businesses, life insurance, and general insurance.[11] Apart from financial services, it is also active in wind–energy generation with an installed capacity of 65.2 MW.[4][12][13]

Background[]

The financial services and wind energy businesses were transferred to Bajaj Finserv Limited (BFS) as part of the recently concluded demerger from Bajaj Auto Limited, approved by the High Court of Judicature at Bombay by its order dated 18 December 2007. The demerger was effective on 31 March 2007.[14]

Bajaj Holdings has been registered as a Non–Banking Financial Company (NBFC) under the Registration No. N–13.01952 dated 29 October 2009 with Reserve Bank of India (RBI).[15] The company is classified as a Systemically Important Non–deposit-taking NBFC as per RBI Regulations.

Subsidiaries[]

  • Bajaj Allianz Life Insurance is a joint venture between Bajaj Finserv and Allianz SE. Being one of the private insurance companies in India, it offers insurance products for financial planning and security.[16] The company received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 3 August 2001 to conduct Life insurance business in India.[17]
  • Bajaj Allianz General Insurance is a private general insurance company in India.[18] It is another joint venture between Bajaj Finserv Limited and Allianz SE. It is headquartered in Pune with offices in over 200 cities in India and more than 3,500 employees as of 2018.[19]

References[]

  1. ^ a b c d e f "Bajaj Finserv Consolidated Balance Sheet, Bajaj Finserv Financial Statement & Accounts". moneycontrol.com. Retrieved 14 July 2020.
  2. ^ "Apply for Loans, EMI Finance, Credit Card and Insurance – Bajaj Finserv". bajajfinserv.in.
  3. ^ a b c "Bajaj Finserv Consolidated Profit & Loss account, Bajaj Finserv Financial Statement & Accounts". moneycontrol.com.
  4. ^ a b "Bajaj Finserv Chairman's Speech > Finance - Investments > Chairman's Speech from Bajaj Finserv - BSE: 532978, NSE: BAJAJFINSV". www.moneycontrol.com.
  5. ^ "ACKO partners with Bajaj Finserv's subsidiary – Finserv MARKETS". ibsintelligence.com.
  6. ^ "Bajaj Finserv Ltd" Bloomberg. Retrieved 2014-11-03.
  7. ^ "Bajaj Finserv Ltd" India Infoline. Retrieved 2014-11-03.
  8. ^ "Bajaj Finserv Ltd." The Economic Times. Retrieved 2014-11-03.
  9. ^ "Bajaj Finserv to float a housing finance company" The Times of India. Retrieved 2014-11-03.
  10. ^ "Bajaj Finserv reports 15% rise in Q1 consolidated net profit" Archived 4 November 2014 at the Wayback Machine Finalaya. Retrieved 2014-11-03.
  11. ^ "Bajaj Finserv's Q1 consolidated net profit rises 14%" Business Standard. Retrieved 2014-11-03.
  12. ^ "Post division, brothers Rajiv and Sanjiv Bajaj taking Bajaj Group to new highs". The Economic Times. Archived from the original on 7 July 2014. Retrieved 3 November 2014.
  13. ^ "Bajaj Finserv Ltd windfarm (India)" The WindPower. Retrieved 2014-11-03.
  14. ^ "Bajaj Auto demerger approved" The Economic Times. Retrieved 2014-11-03.
  15. ^ "Bajaj Holdings and Investment Ltd". bajajauto.com. Retrieved 21 January 2019.
  16. ^ "Company Overview of Bajaj Allianz Life Insurance Company Limited". investing.businessweek.com. Retrieved 10 February 2014.
  17. ^ "Bajaj Allianz Life Insurance company Info". smartinvestments.com.
  18. ^ Bajaj Finserv justifies the rise in share price
  19. ^ "About Bajaj Allianz General Insurance". Retrieved 2 December 2015.

External links[]

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