Company type | Public |
---|---|
ISIN | INE918I01026 |
Industry | Financial services |
Founded | May 2007 [1] |
Founder | Jamnalal Bajaj |
Headquarters | Pune, Maharashtra, India |
Key people | Sanjiv Bajaj (Chairman & Managing Director) |
Products | |
Revenue | ₹82,072 crore (US$10 billion) [3] (2023) |
₹16,809 crore (US$2.1 billion) [3] (2023) | |
₹12,208 crore (US$1.5 billion) [3] (2023) | |
Total assets | ₹405,509 crore (US$51 billion) [1] (2023) |
Total equity | ₹46,407 crore (US$5.8 billion) [1] (2023) |
Number of employees | 105 (2022) [4] |
Parent | Bajaj Group [1] |
Subsidiaries | Bajaj Finance [5] Bajaj Allianz General Insurance Bajaj Allianz Life Insurance Bajaj Housing Finance [1] Bajaj Finserv Markets [6] Bajaj Finserv Asset Management Company Contents |
Website | www |
Bajaj Finserv Limited is an Indian non-banking financial services company [7] [8] headquartered in Pune. It is focused on lending, asset management, wealth management and insurance. [9] [10]
The financial services and wind energy businesses were transferred to Bajaj Finserv Limited (BFL) as part of the concluded demerger from Bajaj Auto Limited, approved by the High Court of Judicature at Bombay by its order dated 18 December 2007. [11] [12] It is a financial conglomerate with stakes in the financing sector (Bajaj Finance), [13] [14] the life insurance business (Bajaj Life Insurance), [15] the general insurance business (Bajaj General Insurance) [16] [17] and, the mutual fund business (Bajaj Finserv Mutual Funds). [18] [19]
Bajaj Holdings and Investments Limited (BHIL) came into existence when the original company separated its auto and finance assets. This new entity, BHIL is the parent company which holds 39.29% stake in Bajaj Finserv [20] and now holds surplus cash and investments with the purpose of providing financial support to the auto and/or finance business or exploring fresh business prospects. The BHIL 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). [21]
Starting in 2017, Bajaj Finserv adopted blockchain technology for services like travel insurance, allowing claim resolution before customer registration. [22] By 2023, they had extended blockchain's utility to enhance trader and customer connections. [23]
Apart from financial services, it is also active in wind energy generation with an installed capacity of 65.2 MW. [5] [24] [25] In the quarterly results for June 2022, the company's board of directors has approved the sub-division of its equity shares in a ratio of 1:5. [26]
During a block deal in the last week of December 2022, promoter Jamnalal Sons increased its holdings in the company. In the open market, the promoter purchased equity shares worth a total of ₹100.41 crore. However, the other promoter, Rishab Family Trust, was able to sell a portion of the company's shares. [27]
Bajaj Auto Limited is an Indian multinational automotive manufacturing company based in Pune. It manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj (1889–1942) in Rajasthan in the 1940s.
Housing Development Finance Corporation was an Indian private sector mortgage lender based in Mumbai. It was the biggest housing finance company in India. It also had a presence in banking, life and general insurance, asset management, venture capital and deposits through its associate and subsidiary companies.
The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.
Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group. Reliance Capital, a constituent of Nifty Midcap 50 and MSCI Global Small Cap Index, is a part of the Reliance Group. It is amongst India's leading and most valuable financial services companies in the private sector. As on 31 March 2017, the net worth of the company stood at ₹16,548 crore, while its total assets as on the date stood at ₹82,209 crore. In Fortune India 500 list of 2018, Reliance Capital was ranked as the 77th largest corporation in India with 5th rank in 'Non-Banking Finance' category.
Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. It is India's third largest private sector bank by market capitalisation after HDFC Bank and ICICI Bank. As of 31 March 2023, the bank has a national footprint of 1,780 branches and 2,964 ATMs.
Uday Suresh Kotak is an Indian banker and Founder of Kotak Mahindra Bank, where he currently serves as its non-executive director.
Dhanlaxmi Bank Ltd is an Indian private sector bank headquartered in Thrissur, Kerala. The bank has 261 branches and 282 ATMs/CDMs spread over the states of Kerala, Tamil Nadu, Puducherry,Karnataka, Andhra Pradesh, Telangana, Maharashtra, Gujarat, Delhi, West Bengal, Madhya Pradesh, Punjab, Uttar Pradesh, Rajasthan, Chandigarh, and Haryana.
Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra. It is India's third largest private sector bank by assets and Fourth largest by Market capitalisation. It sells financial services to large and mid-size companies, SMEs and retail businesses.
Allianz is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management.
Sanlam is a South African financial services group headquartered in Bellville, Western Cape, South Africa. Sanlam is the largest insurance company in Africa. It is listed on the Johannesburg Stock Exchange, the Namibian Stock Exchange and the A2X. Established in 1918 as a life insurance company, Sanlam Group has developed into a diversified financial services business. Its five business clusters comprise Sanlam Personal Finance, Sanlam Emerging Markets, Sanlam Investments, Sanlam Corporate and Santam.
Bajaj Group is an Indian multinational conglomerate founded by Jamnalal Bajaj in Mumbai in 1926. The group comprises 40 companies and its flagship company Bajaj Auto is ranked as the world's fourth largest two- and three-wheeler manufacturer. The group has involvement in various industries that include automobiles, home appliances, lighting, iron and steel, insurance, travel and finance. Bajaj immensely benefited from license Raj due to their affiliation to Ruling dynasty.
Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.
HDFC Life Insurance Company Limited is a long-term life insurance provider headquartered in Mumbai, offering individual and group insurance services. The company was incorporated on 14 August 2000.
Bandhan Bank Ltd. is a banking and financial services company, headquartered in Kolkata. Bandhan Bank is present in 35 out of 36 states and union territories of India, with 6,250 banking outlets and 3.26 crore customers. Having received the universal banking licence from the Reserve Bank of India, Bandhan Bank started operations on August 23, 2015, with 501 branches, 50 ATMs and 2,022 Banking Units (BUs). The Bank has mobilised deposits of ₹1,17,422 crore and its total advances stand at ₹1,15,940 crore as of December 31, 2023.
Kotak Mahindra Life Insurance Company Limited is a privately held life insurance company based in India. It was established in 2001 and currently serves 46 million customers in 148 cities and towns across India.
Bajaj Finance Limited (BFL) is an Indian non-banking financial company headquartered in Pune. It is one of the leading non-banking financial companies (NBFCs) of India with a customer base of 73 million and holds assets under management worth ₹270,050 crore (US$34 billion).
Karvy Group is a financial services company in India. It was involved in financial services like equity, commodities trading, depository and wealth services and distribution of other financial products. It has its headquarters in Hyderabad. It also had branch offices outside India in Bahrain, Dubai, Malaysia, Philippines and the United States. Scams perpetrated during 2019 involving Karvy Stock Broking Limited(KSBL), a group company led to the filing of criminal cases against the Chairman and others. This led to the banning of KSBL by the regulator.
Kotak Mutual Fund is an Indian mutual fund that is managed by Mahindra Asset Management Company (KMAMC). KMAMC started operations in December 1998 and as of 2018, had approximately 74 Lakh investors in various schemes. The fund is a wholly-owned subsidiary of Kotak Mahindra Bank.
Sundaram Finance Limited is an Indian financial and investment service provider, based in Chennai. The company offers consumer loans, wealth management, commercial finance, investment banking, private equity, treasury advisory, credit cards and infrastructure finance, among others.
Sanjiv Bajaj is an Indian billionaire businessman who currently serves as the Chairman and Managing Director of Bajaj Finserv.