Bajaj Finserv is company under the Bajaj Parent Brand. The Company is engaged in the business of General Insurance, Life Insurance, Consumer Financing, Asset Management, and Wealth Management through its Subsidiary and Joint Ventures. Bajaj Allianz General Insurance Company, Bajaj Allianz Life Insurance Company, and Bajaj Finance Limited are its top Subsidiaries.
Bajaj Finserv has established a strong presence in the Indian market and is known for its customer-centric approach, competitive products, and efficient services. It has a wide distribution network and leverages technology to provide seamless and convenient financial solutions to its customers.
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Bajaj Finserv (BFS) is an unregistered core investment company (CIC) under Reserve Bank Regulations. It is the holding company for various financial services businesses under the Bajaj group. With a vision to be a diversified financial services group with a pan-India presence, it offers lifecycle financial solutions for its various customers. As a CIC under the regulations of the RBI, Bajaj Finserv is required to invest at least 90% of its net assets in group companies, of which at least 60% should be in the form of equity investments. Investments outside the group can only be made in specified short-term securities like money market instruments. As Bajaj Finserv does not access public funds, it does not require registration with the Reserve Bank of India. Bajaj Finserv has invested in renewable energy through over hundreds of windmills in Maharashtra. It generates more renewable energy than the energy BFS group consumes in aggregate annually. This helps BFS group fulfill its environmental obligations.
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 stake in Bajaj Finance, a listed non-bank with the strategy and structure of a bank. It holds stake in Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company. Subsidiaries of Bajaj Finance include Bajaj Housing Finance, offering a range of housing finance solutions, and Bajaj Financial Securities, 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 stake in Bajaj Finserv Direct, 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, Bajaj Finserv Ventures, Bajaj Finserv Asset Management, and Bajaj Finserv Mutual Fund Trustee.
Business area of the company
Bajaj Finserv is one of India’s leading promoters of financial services. The company has diversified portfolio that helps to 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. With a vision to be a diversified financial services group with a pan-India presence, it offers lifecycle financial solutions for its various customers.
Awards and Recognition
Sanjiv Bajaj, Managing Director & CEO, received the following awards:
Milestones:
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