A holding company for financial services is Bajaj Finserv Ltd (BFS). Pune is home to the Indian non-banking financial services company Bajaj Finserv Limited. Lending, wealth management, asset management, and insurance are its main focus areas.
Bajaj Finserv Company Details
| Bajaj Finserv Company Profile | Details |
| Company Name | Bajaj Finserv Limited |
| Origin Country | India |
| Established Year | 2007 |
| Chairman | Sanjiv Bajaj |
| Managing Director | Rajeev Jain |
| Headquarters | Pune, Maharashtra, India |
| Products | Consumer Finance, Life Insurance, General Insurance, Wealth Management, Finance for SMEs |
| Number of Employees | Over 20,000 (as of 2022) |
| Official Website | www.bajajfinserv.in |
History
Originally formed on March 25, 1987, Bajaj Auto Finance Limited was a small two-wheeler financing company. They later registered as a Non-Bank Company with the RBI. In addition to two- and three-wheelers and durables, they became experts in business, real estate, and various other personal requirements financing between 2000 and 2010.
The completed demerger from Bajaj Auto Limited included transferring the financial services and wind energy companies to Bajaj Finserv Limited (BFL), which was authorized by an order dated December 18, 2007, from the High Court of Judicature at Bombay.
Bajaj Finserv began implementing blockchain technology to provide services like travel insurance in 2017. This allowed for claim resolution before user registration. By 2023, the use of blockchain technology to improve trader and client relationships has been expanded. In addition to providing financial services, it generates wind energy with a current capacity of 65.2 MW.
Services
The company provides individual and corporate clients various consumer finance, commercial loans, SME finance, insurance, and wealth management products and services.
As the loan and investment division of Bajaj Finserv Limited, they serve over 50 million consumers and are among the most diverse NBFCs in the Indian industry. Currently, they have the highest credit rating of any NBFC in the nation, FAAA/Stable.
Brand Vision
This organization surpasses customer expectations by focusing strongly on innovation, growth, and well-being. Every encounter is effortless.
Anantha Nageswaran is the chief editor and writer at TheBusinessBlaze.com. He specialises in business, finance, insurance, loan investment topics. With a strong background in business-finance and a passion for demystifying complex concepts, Anantha brings a unique perspective to his writing.
