Bajaj Finserv

Bajaj Finserv Limited, a part of Bajaj Holdings & Investments Limited, is an Indian financial services company[7][8] focused on lending, asset management, wealth management and insurance.[9][10][11]

Bajaj Finserv Limited
TypePublic
NSE: BAJAJFINSV
BSE: 532978
BSE SENSEX Constituent
NSE NIFTY 50 Constituent
ISININE918I01018
IndustryFinancial Services
FoundedMay 2007 (2007-05)[1]
FounderJamnalal Bajaj
Headquarters
Pune, Maharashtra
,
India
Key people
ProductsInsurance, credit cards, mutual fund, mortgage loans, investment management[3]
Revenue₹54,351.47 crore (US$7.6 billion)[4] (2020)
₹8,301 crore (US$1.2 billion)[4] (2020)
₹3,369.13 crore (US$470 million)[4] (2020)
Total assets₹251,384.19 crore (US$35 billion)[1] (2020)
Total equity₹31,301.25 crore (US$4.4 billion)[1] (2020)
Number of employees
26,969 (2020)[1]
ParentBajaj Group[1]
SubsidiariesBajaj Allianz General Insurance
Bajaj Allianz Life Insurance
Bajaj Housing Finance Ltd.[1]
Bajaj Finance Ltd.[5]
Bajaj Finserv Markets [6]
Websitewww.bajajfinserv.in

The company employs over 20,154 employees at 1,409 locations, and is engaged in consumer finance businesses, life insurance, and general insurance.[12] Apart from financial services, Bajaj Finserv is also active in wind–energy generation with an installed capacity of 65.2 MW.[5][13][14]

Bajaj Finserv was ranked among The Economic Times 500 as #119 in 2014.[15]

Bajaj Finance Limited (BFL), participates in the financial business and is a company listed on The Stock Exchange, Mumbai (BSE) and the National Stock Exchange (NSE)

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.[16]

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).[17] The company is classified as a Systemically Important Non–deposit-taking NBFC as per RBI Regulations.

References
  1. "Bajaj Finserv Consolidated Balance Sheet, Bajaj Finserv Financial Statement & Accounts". moneycontrol.com. Retrieved 14 July 2020.
  2. "Latest Bajaj finserv ltd information at www.indiainfoline.com". Indiainfoline.com.
  3. "Apply for Loans, EMI Finance, Credit Card and Insurance – Bajaj Finserv". bajajfinserv.in.
  4. "Bajaj Finserv Consolidated Profit & Loss account, Bajaj Finserv Financial Statement & Accounts". moneycontrol.com.
  5. "Bajaj Finserv Chairman's Speech > Finance - Investments > Chairman's Speech from Bajaj Finserv - BSE: 532978, NSE: BAJAJFINSV". www.moneycontrol.com.
  6. "ACKO partners with Bajaj Finserv's subsidiary – Finserv MARKETS". ibsintelligence.com.
  7. "Bajaj Finserv Ltd" Bloomberg. Retrieved 2014-11-03.
  8. "Bajaj Finserv Ltd" India Infoline. Retrieved 2014-11-03.
  9. "Bajaj Finserv Ltd." The Economic Times. Retrieved 2014-11-03.
  10. "Bajaj Finserv to float a housing finance company" The Times of India. Retrieved 2014-11-03.
  11. "Bajaj Finserv reports 15% rise in Q1 consolidated net profit" Archived 4 November 2014 at the Wayback Machine Finalaya. Retrieved 2014-11-03.
  12. "Bajaj Finserv's Q1 consolidated net profit rises 14%" Business Standard. Retrieved 2014-11-03.
  13. "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.
  14. "Bajaj Finserv Ltd windfarm (India)" The WindPower. Retrieved 2014-11-03.
  15. "Bajaj Finserv Ltd." The Economic Times. Retrieved 2014-11-03.
  16. "Bajaj Auto demerger approved" The Economic Times. Retrieved 2014-11-03.
  17. "Bajaj Holdings and Investment Ltd". bajajauto.com. Retrieved 21 January 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.