https://indianpedia.org/api.php?action=feedcontributions&feedformat=atom&user=223.235.81.3IndianPedia - User contributions [en]2026-07-30T13:44:44ZUser contributionsMediaWiki 1.45.4https://indianpedia.org/index.php?title=Bajaj_Finance&diff=106857Bajaj Finance2021-06-11T23:32:40Z<p>223.235.81.3: </p>
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<div>{{short description|Indian non-banking financial company}}<br />
{{Use Indian English|date=November 2016}}{{Use dmy dates|date=November 2016}}<br />
{{Infobox company<br />
| name = Bajaj Finance Limited<br />
| logo = Bajaj Finserv Logo.svg<br />
| former type = <br />
| type = [[Public]]<br />
| traded_as = {{BSE|500034}}<br />{{NSE|BAJFINANCE}}<br /><br />
[[BSE SENSEX|BSE SENSEX Constituent]]<br />[[NIFTY 50|NSE NIFTY 50 Constituent]]<br />
| ISIN = INE296A01024<br />
| industry = [[Financial Services]]<br />
| fate = <br />
| predecessor = <br />
| successor = <br />
| foundation = <!--({{Start date|2007}}) --><br />
| founder = [[Rahul Bajaj]]<br />
| defunct = <br />
| location_city = [[Pune, Maharashtra]]<br />
| location_country = [[India]]<br />
| locations = <!-- N45445KJKKJHHumber of locations, stores, offices, etc. --><br />
| area_served = <br />
| key_people = Sanjiv Bajaj, Rajeev Jain<br />
| products = [[Lending]], [[fixed deposits]], [[mutual funds]]<br />
| revenue = {{increase}} US$715 million<br />
| operating_income = <br />
| net_income = {{increase}}₹<br />
| assets = {{increase}} ₹138,003.57 crore<br />
| equity = <br />
| num_employees = <br />
| parent = [[Bajaj Finserv|Bajaj Finserv Ltd]]<br />
| divisions = <br />
| subsid = Bajaj Financial Services Ltd., Bajaj Housing Finance Ltd<br />
| homepage = {{URL|https://www.bajajhousingfinance.in/}}<br />
}}<br />
<br />
'''Bajaj Finance Limited''',<ref>[http://economictimes.indiatimes.com/bajaj-finance-ltd/infocompanyhistory/companyid-11260.cms "Bajaj Finance"] ''Economic Times''</ref> a subsidiary of [[Bajaj Finserv]], is an Indian [[NBFC & MFI in India|non-banking financial company]] (NBFC). The company deals in [[consumer finance]], SME (small and medium-sized enterprises) and commercial lending, and [[wealth management]].<br />
<br />
Headquartered in [[Pune, Maharashtra]], the company has 294 consumer branches and 497 rural locations with over 33,000+ distribution points. The company reported a pre-tax profit of Rs.626 crores and a post-tax profit of Rs.408 crores<ref>[http://economictimes.indiatimes.com/markets/stocks/earnings/bajaj-finance-jul-sep-net-rises-46-at-rs-408-crore/articleshow/55095394.cms "post-tax profit of Rs.408 crores"] ''Economic Times''</ref> at a ROA of 0.8% and ROE of 5.1% in Q2 FY17.<br />
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==Corporate background==<br />
Originally incorporated as [[Bajaj Auto|Bajaj Auto Finance Limited]] on March 25, 1987, the [[non-bank]] singularly focused on providing two and three wheeler finance. After 11 years in the auto finance market, Bajaj Auto Finance Ltd launched its initial public issue of equity share and was listed on the [[Bombay Stock Exchange|BSE]] and [[National Stock Exchange of India|NSE]].<br />
<br />
At the turn of the 20th century, the company ventured into the durables finance sector. In the subsequent years, Bajaj Auto Finance diversified into business and property loans as well.<ref>[http://www.thehindubusinessline.com/portfolio/firm-calls/bajaj-finance-in-the-money/article9226857.ece "Bajaj Finance scaled up its business"] ''The Hindu Business Line''</ref><br />
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In the year 2006, the company's assets under management hit the Rs.1,000 crore mark and is currently at Rs.52,332 crore. 2010 saw the company's registered name change from Bajaj Auto Finance Limited to Bajaj Finance Limited,.,<ref>[http://www.moneycontrol.com/news/business/bajaj-auto-finance-name-changed-to-bajaj-finance_483524.html "Bajaj Finance Limited"] ''Money Control''</ref><ref>{{cite news |last1=Reporter |first1=B. S. |title=Consumer financier Bajaj Finance's asset under management grows 4% YoY |url=https://www.business-standard.com/article/economy-policy/consumer-financier-bajaj-finance-s-asset-under-management-grows-4-yoy-121040600044_1.html |work=Business Standard India |date=6 April 2021}}</ref><br />
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==Ownership==<br />
The parent company, [[Bajaj Finserv|Bajaj Finserv Limited]], holds 57.28% of the total shares<ref>[http://www.thehindubusinessline.com/markets/stock-markets/bajaj-finance-announces-11-bonus-share-split/article8901294.ece "Bajaj Finserv Holds 57.28% of Total Share"] ''The Hindu Business Line'' . Retrieved 2016-07-26.</ref> and has a controlling stake in the subsidiary. Other major investors include Maharashtra Scooters Limited, [[Government of Singapore]], Smallcap World Fund INC and AXIS Long Term Equity Fund.<br />
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==References==<br />
{{Reflist}}<br />
{{Bajaj Group}}<br />
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{{Nifty 200 companies}}<br />
{{S&P CNX Nifty companies}}<br />
{{BSE Sensex}}<br />
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[[Category:Financial services companies of India]]<br />
[[Category:Companies listed on the Bombay Stock Exchange]]<br />
[[Category:NIFTY 50]]<br />
[[Category:BSE SENSEX]]<br />
[[Category:1987 establishments in Maharashtra]]<br />
[[Category:Financial services companies established in 1987]]<br />
[[Category:Indian companies established in 1987]]</div>223.235.81.3