Company Profile
Bajaj Finserv Ltd, an unregistered Core Investment Company (CIC) under Core Investment Companies (Reserve Bank) Direction, 2016, as amended, is one of India’s leading promoters of financial services with consolidated total income over Rs. 77,000 crores for calendar year 2022. Bajaj Finserv serves over a 100 million customers with its diversified portfolio that helps meet financial needs and build an individual’s financial resilience. Its suite of financial solutions includes savings products, consumer and commercial loans, mortgages, auto financing, securities brokerage services, general and life insurance, and investments.
Bajaj Finserv is focused on continuous innovation through smart use of technology, data, and analytics to drive seamless, simplified, and personalized experiences for its customers. Bajaj Finserv holds 52.49% stake in Bajaj Finance Ltd., a listed non-bank with the strategy and structure of a bank. It holds 74% stake each in Bajaj Allianz General Insurance Company Ltd. and Bajaj Allianz Life Insurance Company Ltd. Subsidiaries of Bajaj Finance Ltd. include Bajaj Housing Finance Ltd., offering a range of housing finance solutions, and Bajaj Financial Securities Ltd, an all-in-one digital platform combining demat, broking and margin trade financing for retail and HNI clients on a predominantly B2C platform. Bajaj Finserv holds an 80.13% stake in Bajaj Finserv Direct Limited, a diversified financial services and e-commerce open architecture marketplace for loans, cards, insurance, investments, payments, and lifestyle products. Bajaj Finserv’s wholly owned subsidiaries include Bajaj Finserv Health Ltd., Bajaj Finserv Ventures Ltd., Bajaj Finserv Asset Management Ltd., and Bajaj Finserv Mutual Fund Trustee Ltd. Both BFS and BFL are included in the benchmark BSE Sensex and Nifty 50 index of large cap stocks.
Bajaj Finserv is committed to driving equitable and inclusive opportunities for children and youth through its social impact initiatives. Its social responsibility programmes in the areas of health, education, protection, skilling, and inclusion for people with disability (PwD) are life-transformative and aimed at solving the most pressing issues of society. So far, Bajaj Finserv and its group of companies have touched over 2 million lives through 200+ partner-implemented programmes across the country. The company’s flagship self-implemented programme, BEYOND, is aimed at enabling graduates from small towns secure employment in the financial services industry.