Bajaj Finserv

Bajaj Finserv
Public Company
Industry Financial Services
Founder Jamnalal Bajaj
Headquarters Pune, Maharashtra, India
Key people
 Rahul Bajaj, Sanjiv Bajaj
Products Financial Services, Wealth Services, Insurance
Revenue Increase US$715 million
Parent Bajaj Holdings & Investments Limited
Subsidiaries Bajaj Allianz General Insurance, Bajaj Allianz Life Insurance, Bajaj Financial Services Ltd.
Website www.bajajfinserv.in

Bajaj Finserv, a part of Bajaj Holdings & Investments Limited, is an Indian financial services company[1][2] focused on lending, asset management, wealth management and insurance.[3][4][5]

The company through its joint ventures and subsidiaries employs over 20,000 employees and has established a nationwide presence across over 1400 locations. The company is currently engaged in consumer finance businesses, life insurance, and general insurance and has plans to expand its business by offering a wide array of financial products and services in India.[6] Apart from financial services, Bajaj Finserv is also active in wind–energy generation.[7][8]

Bajaj Finserv was ranked among The Economic Times 500 as #119 in 2014.[9]

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.[10]

BFS is engaged in life and general insurance businesses through its joint ventures with Allianz SE namely Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited.

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

References

  1. ↑ "Bajaj Finserv Ltd" Bloomberg. Retrieved 2014-11-03.
  2. ↑ "Bajaj Finserv Ltd" India Infoline. Retrieved 2014-11-03.
  3. ↑ "Bajaj Finserv Ltd." The Economic Times. Retrieved 2014-11-03.
  4. ↑ "Bajaj Finserv to float a housing finance company" Times of India. Retrieved 2014-11-03.
  5. ↑ "Bajaj Finserv reports 15% rise in Q1 consolidated net profit" Finalaya. Retrieved 2014-11-03.
  6. ↑ "Bajaj Finserv's Q1 consolidated net profit rises 14%" Business Standard. Retrieved 2014-11-03.
  7. ↑ "Post division, brothers Rajiv and Sanjiv Bajaj taking Bajaj Group to new highs" The Economic Times. Retrieved 2014-11-03.
  8. ↑ "Bajaj Finserv Ltd windfarm (India)" The WindPower. Retrieved 2014-11-03.
  9. ↑ "Bajaj Finserv Ltd." The Economic Times. Retrieved 2014-11-03.
  10. ↑ "Bajaj Auto demerger approved" The Economic Times. Retrieved 2014-11-03.

External links

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